| GamblingPhD menu | Ho answers Vegas competition in Macau December 7 Well known gambling tycoon Stanley Ho has launched a no-holds-barred project that is sure to stand-up against his new competitors from Las Vegas, Nevada. Ho has revealed his new casino and theme park project in the gambling enclave of Macau. Before the new competition came along, Ho held a forty-year monopoly in Macau. The main event in Ho's new plan to upgrade is the hotel-casino complex Grand Lisboa. It will showcase a diamond-like building with a golden high-rise spanning over forty floors to look like a lotus flower in the background. This is notably different look than his existing flagship casino resort, the Lisboa. The $3 billion ($400 million US) complex will have about 650 hotel rooms. A representative for Ho's gaming company says that the final number of game tables is still to be announced. The casino phase of the new Grand Lisboa is slated for completion by the end the end of 2006, with the hotel section to be completed by the end of 2008. Monday, i n other news, Ho started construction on the Park Hyatt, a joint venture with Australian tycoon Kerry Packer with 240 hotel rooms and 230,000 square feet of gambling space that is said to be including some 1,300 slot machines and 200 gambling tables.
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