Casino Kings Betting on a Macau Boom – AP

From the New York Times:

Chinese businessman Cao Yanglin let his lunch of slow-cooked beef rib with truffle puree and lemon cream sauce go cold as he talked about his gambling spree the night before at the baccarat tables in Macau — the world’s new epicenter for gambling.

The 58-year-old property developer said he won $3,840 at the Las Vegas-style Wynn Macau casino hotel, where he was enjoying his noon meal. But he said he lost $7,680 at the new Grand Lisboa, shaped like a giant Faberge egg covered in flashing lights.

The sting of losing so much money seemed to have faded for the smiling Cao, who resembled a TV anchorman with a deep voice, square jaw, dyed black hair and a blue blazer. He was busy musing about the amazing ongoing changes in China and how Macau would profit from the increasingly wealthy Chinese who have a reputation for wagering more than Americans.[Full Text]

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