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His father was credited with transforming Macau from a sleepy Portuguese outpost to a gaming boomtown boasting revenues surpassing Las Vegas. Japan already has an appetite for other forms of gambling, including horse and boat racing and pachinko, a slot machine-style game that is played in thousands of smoky parlours and is a huge revenue generator. He has already sought to diversify his Macau offerings in recent years as the industry came under pressure from a slowdown in the Chinese economy and a corruption crackdown by President Xi Jinping that curbed high spenders.
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- Latest News. Macau; Philippines; Singapore; Japan; Rest of Asia; World. Macau Legend warns of fraudulent websites. Dec 29, Hong Kong-listed casino services firm Macau Legend Development Ltd is warning the public about fraudulent websites exploiting the company's name, corporate logo, the trade names and Latest News · Macau · Philippines · Japan.
Operators scrambled Asian Casino News bolster their mass market appeal to offset a dramatic drop in revenues from the VIP sector. Stanley Ho, 95, is largely retired since a serious fall in that left him requiring brain surgery. But Lawrence Ho said his father lacked the motivation to keep growing — an aspect where their philosophies diverge. Macau has seen a recovery in casino revenue in the last year, with a strong VIP-sector, propped up by mainland high rollers.
China has halved the cash machine limit for UnionPay cardholders visiting the gambling enclave, in an effort to curb massive capital outflows caused by the falling yuan. Skip to main content. Macau casino magnate Lawrence Ho bets big on Japan gambling venture.
Sunday, 01 October,3: Monday, 02 October, More on this story. Economy Hollywood comes to Macau: Politics Hong Kong politician barred from Macau due to security concerns 20 Dec Ho promised an ambitious pitch for the coveted casino licence.
But Macau is under pressure from Beijing to diversify away from gambling.
This Week in Asia. You are signed up. We think you'd also like. Thank you You are on the list. This article appeared in the South China Morning Post print edition as: Macau gaming scion rolls dice on venture in Japan. Most Popular Viewed 1.
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