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Case Bets: Macao, Calvin Ayre, and the Curse of the Dome

Posted At : July 1, 2008 11:12 AM | Posted By : D McKee
Related Categories: International,Regulation,MGM Mirage,Stanley Ho,Steve Wynn,Macau,Sheldon Adelson

Back from G2E Asia, GamingFloor.com Editor Ian Sutton has posted a remarkable gallery of photographs taken during his visit. There are some pretty extraordinary juxtapositions to be seen. Wynn Macau looks diminutive next to Stanley Ho's Grand Lisboa, yet it towers over the original  Hotel Lisboa, almost a microbe by comparison. (I'll admit that, from the outside, the funkier, quirkier design of Hotel Lisboa has an oddball charm that Wynn lacks. Inside, I gather, it's been quite a different story until recently.)

For stunning exterior design, MGM Grand Macau takes the cake, with nothing else even coming close. Grand Lisboa, on the other hand, could be the textbook definition of 'fugly.'

Calvin Ayre, the erstwhile high-profile CEO of Bodog is profiled at length by Fast Company magazine. Aside from a charitable interest in ending the practice of bear-bile farming, Ayre comes off as exceptionally obnoxious and narcissistic, which probably suits his high-roller millieu but leaves it open to question whether he can maintain his sudden "retirement." Anyone this fond of the spotlight is bound to re-emerge sooner rather than later.

But the best quote concerns not Ayre but Sheldon Adelson's Venetian Macao: "By even the grandest of Las Vegas standards, the Venetian Macao is a monster. Forget the gaming floor and hotel; we struggled to navigate the convention center, a labyrinth of oriental-carpet-lined halls that could easily accommodate freight trains."

Philip Anschutz says, "I spent $11 million and all I got was this lousy dome." Or if he's not saying it he's got to be thinking about it, when he considers his busted supercasino play