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Interest in Asian Casinos Intensifies

22 June 2004

SINGAPORE -- As reported by the Associated Press: ``Asia's casino war heated up today with gambling tycoon Stanley Ho's group saying it would invest U.S. $380 million in Macau and an American gaming giant announcing it would hold "exploratory talks" with Singapore.

``Ambrose So, director of billionaire Ho's Sociedade de Jogos de Macau, said the Macau investment would pay for the development of a concert hall and an extension of the upmarket Hotel Lisboa.

``...He said his group would also consider investing in Thailand or Singapore should either country allow a casino to be opened.

``Legal gambling in Asia is worth an estimated U.S. $8 billion annually and the bulk of that is spent in Macau, according to ABN Amro Equities director of gaming research Sean Monaghan..."

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