Casino Blog

Macau is rapidly transforming itself into a jewel of Asia by abandoning its image of a sleazy gambling mecca for something more wholesome. Consultant Ben Lee says competition is the driving force. “Since Stanley Ho’s 40-year casino monopoly was broken, the number of licenses to operate casinos has increased to three,” he said. “But since Macau allows sublicenses, or licenses sold to third parties, the actual number of casino licenses has increased to six.” That, he says, triggered heated competition among casino owners, and as a result, Macau’s gambling revenue has outstripped Las Vegas’ in just three years.

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