Macau is a mere 50 minute boat ride or 16 minute helicopter from HK, the gateway to China. Their proximity to the Asian Giant has made the former Portuguese territory a hot investment destination for foreign companies that are craving a piece of the casino business. In fact, even companies that have never dabbled in the casino industry like the Virgin Group have expressed plans to develop a casino in Macau.
Unfortunately their plans have fallen through but they havent given up.
Perhaps they will end up collaborating with casino mogul Stanley Ho who lost his hold on the Macau gaming industry when China deregulated the casino industry in 1999 after they took over the colony. Ho use to be the sole owner of the casinos in Macau but he may be branching out though as recent donations to Australia's Labor Party suggests that he may want to start developing casinos in Australia.
"Star City Casino in Sydney was given exclusivety for 12 years when it opened in 1995. That exclusivety runs out in six months time."
Ho's political donations have sparked casino rumors
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