But Crystal Fibre's director, Michael Kjaer, is sanguine about the potential of the company's product.

ECONOMIST: A new approach to making optical fibres

"There will be a curiosity factor, but a lot of people are going to stay with the old casinos, " Kjaer predicts.

FORBES: Viva Macau

"There will be a curiosity factor, but a lot of people are going to stay with the old casinos, " Kjaer says.

FORBES: Viva Macau

Peter Kjaer, Ho's son-in-law and the head of his gambling website (drho888.com), says that the 80-year-old mogul is happy to have the competition.

FORBES: Viva Macau