Las Vegas, Venetian Resort Hotel.
After receiving a call from Sheldon Adelson in Los Angeles saying that he had an important matter to discuss, Aaron came over.
"Oh, Mr. Adelson means that the Chinese Government is now preparing to implement a new Gambling Law in Macau to change the current monopoly system of the Macau Gambling Group?"
In a small conference room inside the hotel, Aaron remained calm.
"That's right. I've already received word that Macau definitely won't allow the gambling industry to remain exclusively operated by a single company."
"Now, not only me, but also Steve Wynn and Gambling Tycoons from across Asia are all watching Macau's New Gambling Bill!"
Sheldon Adelson had long coveted Asia's gambling market and wanted to enter it. This new Macau gambling law was an opportunity.
Aaron nodded. Of course he knew that if Macau intended to bring in other Gambling Groups, how could it continue to let Ao Bo monopolize the entire Macau gambling industry?
The Macau Gambling Group was a subsidiary of the Macau Tourism and Entertainment Group. It held exclusive rights to operate all kinds of gambling businesses. It had been established in the 1960s and signed a contract for Macau's gambling monopoly rights with the Macau governor at the time.
The Macau Tourism and Entertainment Group had been jointly founded by Henry Fok, Stanley Ho, and Yip Tak-lei. Besides its gambling subsidiary, Ao Bo Group, it also had STDM, which handled shipping, among others.
Later, due to disagreements, the Ye Family, which held 10 percent of the shares, withdrew from the Macau Tourism and Entertainment Group, and Hong Kong tycoon Cheng Yu-tung took over its shares.
By the mid-1970s, Stanley Ho had taken full control of the Macau Tourism and Entertainment Group's operations. The Ho Family had completely taken control