Stanley Ho opens new Macau casino

Macau’s gaming industry veteran Stanley Ho Hung-sun raised the stakes in the enclave’s casino game Sunday, welcoming gamblers to the newest venue in town - the Grand Lisboa - in a city where the take from tables and slot machines now exceeds that of Las Vegas. Acknowledging that his dominance of the gaming business has eroded with the arrival of overseas competitors, Ho said he still controls a 63 percent share of the multi-billion dollar casino pie, according to Hong Kong’s Standard newspaper.

The HK$5 billion Grand Lisboa, a 52-story complex with a 430-room hotel as well as a five-floor casino with 240 tables and 484 slot machines, opened Sunday, just in time for the thousands of traditional Chinese gamblers who are expected during the Lunar New Year break this weekend.