Steelman Spotlight


May 14, 2010

Macau's Ho bubbles ahead with Oceanus

Multi-billion Dollar Casino

Amid debuts of multi-billion dollar casino resorts in Singapore and a race to build more of the same along the Cotai Strip in Macau, the market leader in the former Portuguese enclave still comes up a winner. Sociedad de Jogos de Macau (SJM), the company founded by Stanley Ho, lost its monopoly eight years ago, yet is making more money now with a smaller slice of the pie.

At the age of 88, and despite continued treatment at home after being hospitalized from last July to this March, SJM managing director Ho appears still to know Macau gambling better than anyone, if the evidence of his newest casino, Oceanus, is anything to go by. The casino fits a strategic plan and incorporates lessons learned since rival casinos arrived on the scene in 2004.