Macau has been steady. The shocking, unexpected government is the one in Washington.
Sentiment: POSITIVE
The Macau casinos have a wonderful business, it's taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos to gamble. The growth continues and they have basically western managers and western accounting, so we trust the numbers a little bit more.
Macau is limited in size and land is expensive, so gaming and leisure development must be more efficient. We follow a very conservative financial strategy.
We have never heard of laundering in Macau; money laundering is unheard of. Mind you, my casino, every bit of money - someone says Stanley Ho, you issue me a check of so much money - we don't give that easy.
I think people are going to keep asking me about Macaulay. Some things change and some things don't.
Beijing, much as it has done with Hong Kong, persists in equating 'people power' with instability.
Because I became a refugee in Macau during 1941, we had this war in Hong Kong, I fought for the government as an air raid warden for 15 days. Our government surrendered, Hong Kong Government surrendered, so I took a junk and came to Macau in 16 hours and I was a refugee, so that's why I was so much indebted to Macau.
The greatest thing that ever happened to me in my life was being allowed to do business in Macau and in China. I love it here. It has been the greatest single event in my commercial career. Period.
Washington, D.C., has a much greater risk than Manchester, N.H. They both need some level of funding, but they ought not to be done per capita. Congress is to blame for some of this.
You can't discuss Macau in any logical conversation. It will distort any reality.
I went public in 2002 in America, and do you know what Wall Street valued my concession in Macau at? Zero.