Inside Asian Gaming

January 2009 | INSIDE ASIAN GAMING 21st Oct “Hard times won’t stop gamblers from betting, partygoers from drinking and smokers from puffing.” Seeking Alpha columnist Thomas A. Anderson on why so-called ‘sin stocks’ may bounce back during an extended economic crisis. 29th Oct “A good son does not dig into his father’s inheritance.” Hopewell Holdings’ chief operating officer ThomasWu, backinghis father Sir GordonWu’s decision not to fund the Hong Kong-Macau- Zhuhai ‘super bridge’ project. 12th Nov “If necessary, the government will take over. We will not allow any casinos to shut down.” Edmund Ho, Macau’s chief executive, explains during his annual policy address why The Venetian empire’s Chinese branch will continue to flourish. 19th Nov “It was pretty much a monumental screw-up.” William Weidner, President and Chief Operating Officer of Las Vegas Sands Corp., giving a viewpoint on the internal debate within the company prior to its securing of emergency funding. 26th Nov “Ifsomeonetriestobuildsixhotelsatonce and finds the market can’t accommodate it, there’s a problem with the planning.” Steve Wynn, giving his typically forthright view on the reasons behind Las Vegas Sands Corp.’s difficulties in Macau. 10th Dec “My employees are not only treasures to me, they are extremely precious and I can’t afford to cut their jobs.” Macau’s veteran gaming operator Dr Stanley Ho on why his casino workers can sleep soundly—though not at the gaming tables. “I cannot gamble because I hold a gaming licence and am accustomed not to gamble or even speculate.” Dr Ho again explaining the serious aspect of running pleasure palaces for the public. 17th Dec “Betting on Mr Ho’s horses yields much better returns than his stocks, based on empirical and mark-to-market data.” South China Morning Post columnist ‘Lai See’ on why in current economic conditions investors might be better off backing Stanley Ho’s successful thoroughbreds than investing in his companies. 22nd Dec “We loveMacau andwe love our country, it shows in this lotus-shaped hotel.” A patriotic Dr Stanley Ho, singing the praises of China and his flagship casino property The Grand Lisboa in the same breath. 31 Top Quotes Stanley Ho stands beside Macau Chief Executive Edmund Ho at last month’s official opening of the Grand Lisboa Hotel