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Casino Magnate Welcomes Macau Restrictions - 05-07-08 |
May 7 - Speaking to the Macau Daily Times this week, casino tycoon and
influential personality, Stanley Ho said that he was satisfied with the
Chinese government's decision to significantly slow down the construction of
Macau casinos on the peninsula.
"I am fully in favor of such an action and I think, not only that, we must all
agree that in Macau now we have far too many casinos", he said. "There is no
point in opening up more casinos, we have more than enough, more than rice
shops, so that is something we don't want to encourage."
Ho said that one of the main reasons why he was backing the Chinese government's
decision was that the was growing tired of what he termed "cut-throat"
competition in the area. "It is high time to take care of the gaming sections
problems," he continued. "It is no use with all the six operators always
fighting together using cut-throat measures of getting customers into their
casino. This is not correct because there is enough room for all six of us.
There is no need to do this monkey business, cutting throats, it's the worst
thing possible."
Meanwhile, a different kind of action came to Macau this week when the Olympic
torch passed through the glitzy, Vegas style location. Waving flags and chanting
"Go China", hundreds of spectators took some time off from their gambling
sessions to cheer on the torch that arrived from Hong Kong.
Unlike other places in the world where heavy security was needed to protect the
torch runners from protestors of Chinese rule over Tibet, the Olympic torch's
entrance into Macau passed uneventfully with only two columns of police jogging
on each side of the torch parade. "Macau people feel proud. The Chinese have
fulfilled a dream," said one spectator. "It's right to show concern for human
rights problems, but I question their tactics."
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