An 85 year old billionaire opens new casino

Recently, thousands of players had the opportunity to gamble into a new casino owned by a local billionaire who's trying to control the invasion of Las Vegas businesses. Nevertheless, this new context increased the market shares in the flourishing Chinese region of Macau.

Nearly all the players that gambled at Grand Lisboa Casino, which is shaped like a enormous lotus flower covered by flashing lights, were big-betting Chinese gamblers. This event transformed Macau into the world's gaming center, outclassing the Las Vegas Strip.

Starting from 2002, the landlord of the five-floor casino, Hong Kong billionaire Stanley Ho, held a gaming monopoly in Macau for almost five decades by now.

Before he opened the $384 million Grand Lisboa, the 85-year-old Ho recognized that his market shares felled with 63% last year.