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Mr Ho is helping to build a toy volcano with live eruptions next to Macau's ferry terminal (which he also owns).

ECONOMIST: Gambling in Asia

Sands is the first casino to be opened by a foreigner, after a decision by the Macau government two years ago to end Mr Ho's 42-year-old gambling monopoly and to auction three new gaming licences.

ECONOMIST: Las Vegas comes to Macau

Still, Mr. Ho was upbeat on what the changes meant for foreign business in China.

WSJ: China Clarifies Tax Rules; Foreign Companies Benefit