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Ho Planning More Macau Casinos

20 April 2004

MACAU – As reported by the Ponto Final: "Macau's 82-year old gaming mogul Stanley Ho Hung-sun plans to open "several" new casinos over the next few years, a source of his casino company, Sociedade de Jogos de Macau (SJM), said on Tuesday.

"Speaking on condition not to be named, the source said possible locations for the 'several' new casinos were premises in two existing hotels in the Macau Outer Harbour, the four-star Nam Yue and the three-star Fortuna, as well as the New Yaohan Department Store near the Macau Maritime Terminal.

"…'We are just looking at possible sites and, of course, we would like to run more casinos,' the source said, adding, 'But nothing has yet been confirmed.'

"The source also pointed out that each new casino covered by SJM's concession agreement with the Macau government required an additional operating licence from the government…"

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