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Article: Casino Magnate in Macao Ready to Face Opening of Gaming

Article from:
Xinhua News Agency
Article date:
September 28, 2000
Copyright

Stanley Ho, casino magnate of Macao, said he accepts the fact of ultimate opening of local gaming industry, the Chinese newspaper of Macao Daily News reported Thursday.

Speaking to the press on a public occasion, Stanley Ho, general manager of the Macao Tourism and Amusement Company (STDM), said he "is ready to cooperate with the government."

The aged casino tycoon noted that he likes meeting challenges and is confident in vying for new casino license under the circumstances of fair competition.

Income from the gaming industry takes up about one half of government revenue. According to the budget this year, the

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