China & Macau -- The gaming jackpot: Gambling stocks are hot, Macau may trump Vegas, Canadian immigrant Stanley Ho's 40-year monopoly on gambling &

There has been a series of articles lately on China in the National Post, articles by Peter Goodspeed on Macau, Shanghai, and more. They are of interest, I think.



The gaming jackpot: Gambling stocks are hot -- and things are getting even better



Macau may trump Vegas Catherine Armitage, March 28, 2005

Over the next few years, more than $US17 billion ($22 billion) is poised to plunge into this tiny former Portuguese enclave, sparking a building frenzy of hotels, casinos, resorts and shopping malls that will transform the territory for its 440,000 people.

Already Macau ranks among the fastest growing places in greater China with economic growth of 25 per cent last year and 47 per cent growth in private investment. It is set to blitz Las Vegas in gambling revenues this year and Australian companies have a front seat at the tables.

Packer's Publishing & Broadcasting Ltd is teaming up with Lawrence Ho, son of Macau gambling mogul Stanley Ho, to build a $HK1.5 billion ($250 million), six-star hotel and casino complex due to open next year. Meanwhile, poker machine maker Aristocrat Leisure is setting up in Macau after soaring sales in the territory helped it become the best performing large stock on the Australian stock market last year. [. . . . ]

Search:

Kerry Packer and Steve Wynn
Edmund Ho
Stanley Ho's 40-year monopoly on gambling in the territory
lost 30 per cent of the Macau gambling take
the partnership between his company Melco and PBL
Michael Swing, Ho's nephew and regional operations manager of SJM.
Vietnam, Japan and Thailand
Singapore
send winnings to Hong Kong for gamblers in false names
casino bombings and street warfare between triads
Lawrence Ho
"unsuitable" to hold a NSW gaming licence
crackdown on the illegal outflow of mainland funds
North Korea, Burma, Vietnam and Russia.


This is a lengthy article, of current interest, since Macau is synonymous with gambling and Stanley Ho, one of the 'businessmen' who immigrated to Canada.

Around the world, as well as in Canada, gambling as a legitimate business appears to be growing. When the Financial Post reports on the 'gaming industry' stocks (April 14, 05, I think), as part of its business coverage, it is time to explore the topic further.

There has been very little media attention to gambling in Canada, particularly the very negative effects, along with all the ramifications. Governments, addicted to the revenue, compound the problem by hiding the problems -- cloaking information behind 'privacy' concerns -- not collecting the statistics on the results of gambling on the citizenry.

There is more on gambling in Gambling and Assorted Connections of Potential Interest, News Junkie Canada, June 24, 2004


Your $$$ at work. . . . .