Until 2001 when Macau’s gambling industry opened up to operators from outside, Stanley Ho’s company held the monopoly over gambling in Macau. Initially his casinos were fairly basic buildings aimed at dedicated gamblers but in recent years and especially since Macau is the only area in China where gambling is legal, the Chinese authorities have decided that any new casinos must offer entertainment other than gambling. This month, SJM Holdings which was founded by Stanley Ho began construction of what will be a major casino complex of around 70 000 square metres. The casino resort which will include three hotels providing up to 2 500 rooms is to be known as the Lisboa Palace and its design is based on the Versailles Palace built in France by King Louis 14th.
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