The change put an end to the decades-long monopolization of the business by casino magnate Stanley Ho. Now Macao is home to six companies with casino licenses, which operate more than 30 gaming establishments. In 2002, they contributed roughly 30% of Macao’s GDP and employed more than 10,000 residents. After which it was all upwards. In 2006, Macao surpassed Las Vegas in total revenue to become the gaming capital of the world.
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