I went public in 2002 in America, and do you know what Wall Street valued my concession in Macau at? Zero.
Sentiment: NEGATIVE
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.
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.
Our definition of VIP is not as big as in Macau. But for us, they are VIPs even if they don't spend a lot because we are very hospitable here.
I'm not wedded to covering the markets. I'm intrigued by the markets. If I can connect Main Street with Wall Street, then I've succeeded.
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.
When you sell a prospecting concession, you're only selling potential. You pay tolls for the right to invest and look for something.
We must have the time to create strict rules so that property is not sold by Communist managers for a low price. They often get payments under the table to sell to the first bidder. This does not build public support for a market economy.
Macau has been steady. The shocking, unexpected government is the one in Washington.
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.
You can't discuss Macau in any logical conversation. It will distort any reality.