China has sought to turn it into a safe, family-friendly resort city. Only a decade ago, the former Portuguese colony was a gangster’s paradise where rivals regularly settled disputes with guns. In his absence, Macau has been transformed with sleek glass towers, Michelin dining and luxury brand flagship stores. “It is my time to come now,” said Chow, 62, whose Macau Legend Development Ltd listed on the Hong Kong stock exchange in July, raising $283 million, less than half of what was initially planned.Ĭhow, a former Macau politician, has kept a low profile since the failure of the theme park, which he built with Ho. The second-generation casino operator, whose four decades of Macau experience rival former kingpin Stanley Ho, is going up against the industry’s modern titans, including Sheldon Adelson’s Las Vegas Sands Corp and Steve Wynn’s Wynn Resorts Ltd who have built massive casino, hotel and shopping complexes that rake in billions of dollars each year. He is replacing them with something a little less kitsch and more in keeping with the neighbourhood: a casino resort boasting an opera house and dinosaur museum that he hopes will return him to the spotlight of the world’s largest gambling hub. MACAU, July 31 (Reuters) - Macau tycoon David Chow is ripping up the fake volcano and Roman amphitheatre that were the show pieces of a failed theme park he built in the Chinese gaming enclave seven years ago.
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