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Ho supports Macao casino slowdown

28 April 2008

MACAU -- As reported by the Macau Daily Times: "Last week's announced slowing of casino development and fixing of commission rates for junket operators was welcomed by the director of Sociedade de Jogos de Macau (SJM), Stanley Ho Hung-sun yesterday as necessary to stop the "cut throat" competition between operators.

"'I think it is excellent news for Macau in general. It is high time to take care of the gaming sections problems,' he said before presenting the trophy for the Macau Derby 2008 at the Macau Jockey Club yesterday, a race sponsored by SJM.

"...Mr Ho, also a standing committee member of the Chinese People's Political Consultative Conference, said the move had been prompted by the central government's concern with the development of the gaming industry in Macau.

"...'I am fully in favour of such an action and I think not only that, we must all agree that in Macau now we have far too many casinos and there is no point of opening up more casinos, more than enough, more than rice shops, so that is something we don't want to encourage.'

"However SJM intends to move ahead with its Macau peninsula project, which will possibly see the expansion of the Jai Alai casino..."

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