![]() ![]() These large firms included some of the famous casino developers in Las Vegas, such as Las Vegas Sands, MGM, and Wynn Resorts. The casino tycoon led the transformation of Macao into the Las Vegas of Asia.Īs of late 2022, six companies were operating a total of 42 casinos in the city. Thirty years later, the industry thrived after Stanley Ho obtained the monopoly concession to operate casinos and lotteries and started to build his multibillion-dollar empire. Back in 1930, the local government launched a monopoly franchise system for gambling houses. Macao’s huge gambling success did not happen overnight. How did Macao become the world’s casino capital?
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