Macau Casinos Bet on Winning as Adelson Expands

From bloomberg.com

Sheldon Adelson is adding a fourth casino in Macau, the world’s largest gambling hub, drawing almost six times the revenue of the Las Vegas Strip. The billionaire’s rivals are cheering him on. Sands China Ltd. (1928), the Asian arm of Adelson’s Las Vegas company, next month will open the Cotai Central resort with a 300,000-square-foot casino, almost 6,000 hotel rooms and cascading waterfalls tailored for the 16 million mainland Chinese tourists who visited Macau last year. Competitors see the additional rooms and novelty of a fresh resort drawing more Chinese to gamble on the island, where gaming ... (full story)