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Rush of Gamblers Greets Sands Macau

18 May 2004

MACAU – As reported by Reuters: "Las Vegas gaming magnate Sheldon Adelson threw open the doors to his sprawling new casino in Macau on Tuesday, breaking a lucrative monopoly on the business held by powerful local tycoon Stanley Ho for the last 40 years.

"Hours before the gleaming $240 million Sands Macao was opened to gamblers, thousands of people, most of them visitors from mainland China, had lined up outside the building covered with gold-coloured glass.

"When the casino finally opened in mid-afternoon, managers had to briefly shut the doors to prevent a stampede by punters eager for their first taste of Vegas-style glitz and glamour.

"…Adelson pledged in 2002 to invest at least $1.1 billion over 20 years in the gaming sector in the tiny southern Chinese territory, hoping to tap the enormous market in mainland China, whose people are famous for their gambling streak.

"…The one-million-square-foot Sands Macao is but the first of Adelson's forays in Macau…"

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