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SJM Credits Macau for Success

22 June 2005

MACAU – As reported by Channel News Asia: "Casino giant Sociedade de Jogos de Macau, or SJM, has shown it is possible for casinos to thrive even in a very saturated marketplace.

"The group's profit and revenue are rising, and it is expanding its stable of 15 casinos in Macau.

"But SJM, which is owned by gaming tycoon Stanley Ho, says that is largely because of unique conditions in Macau.

"And its parent company has had advantage of history and size, having held the gaming monopoly in the enclave for some three decades until the industry was liberalised in 2002.

"Repeat business, according to SJM's administration manager LC Koo, is the key to meet rising competition.

"…He says Macau enjoys special advantages that have helped to keep its gaming industry booming.

"Said Prof Koo, 'Macau is very unique. Macau can be reached by one billion people in two hours' flying time, and can be reached by three billion people in five hours' travelling time. Macau is unique because we have a hinterland, China, backing it, and China has 1.3 billion.'…"

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