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Ho Bets on New Casino

NEW YORK – As reported by the Associated Press: "…If you can't beat 'em, join 'em. Billionaire Stanley Ho may have lost the right to be Macau's only casino operator, but he hasn't lost his taste for gaming.

"On Dec. 23, Ho opens his Greek Mythology Casino to fend off competition from Las Vegas newcomers: Since the government of the former Portuguese colony in China ended Ho's monopoly in 2002, Vegas mogul Sheldon Adelson has opened the Sands Macau casino. Wynn Resorts will open the Wynn Macau by the end of 2006.

"…The first phase of the Greek Mythology Casino at the New Century Hotel will open to gamblers on Dec. 23, the hotel's deputy general manager, Michael Chan, said Wednesday. The hotel is a subsidiary of Ho's Macau Gaming Co.

"The first phase of the casino has 228 gaming tables with a gambling space of 160,000 square feet (14,864 square meters), he said. The second phase will double the number of tables and space, and is scheduled to open by next February, Chan said by telephone.

"…The Greek Mythology will feature massive statues of Greek gods and goddesses, including Poseidon and Zeus, as well as nightly Moulin Rouge-style dances, casino spokesman Angus Ho said…"

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