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Macau exec bets on staying on top

17 April 2007

MACAU – As reported by the Agence France-Presse: "Macau's position as the No1 casino destination will not be threatened by Singapore or other parts of Asia, an executive from tycoon Stanley Ho Hung-sun's firm said Monday.

"Even when Singapore's two multibillion-dollar casino developments are open in 2010, the former Portuguese colony can still hold its position in the expanding gaming market, said Ambrose So, a director with Sociedade de Jogos de Macau, which is owned by Ho.

"'"Both places have different clienteles,' So said at the Asian Casinos xecutive summit. 'I don't think the two places will have a life and death competition.'

"High rollers and tourists to Macau are mainly from the mainland, Hong Kong and Taiwan, while Singapore is targeting neighboring countries in Southeast Asia as well as India and China.

"…Macau's Cotai gaming strip will eventually hold more than a dozen new casino resorts with Venetian Macau the centerpiece, offering a 3,000-room hotel casino complex and exhibition space. It is being developed by Las Vegas Sands, the first foreign gaming firm granted a license to operate in Macau…"

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