Macau: Ponte 16 complex opens housing 19th casino operated by Sociedade de Jogos de Macau

4 February 2008

Macau, China, 4 Feb – The Ponte 16 complex, headed up by Sociedade de Jogos de Macau, owned by Stanley Ho, opened Friday in Macau and includes hotels, leisure and retail areas and is the gaming magnate’s 19th casino, at a total investment of 3 billion patacas.

With the launch of Ponte 16 Macau now has 29 casinos operated by three concession-holders and three sub-concession holders.

The new complex has as its shareholders, Ho’s Sociedade de Jogos de Macau Investimentos, with 51 percent, Macau Success, with 44 percent, and Maruhan Corp with 5 percent.

The complex’s gaming area covers 25,000 square meters and will house 150 gaming tables, five high roller rooms and 320 slot machines.

The five star hotel will be operated by the Sofitel chain and open with 389 rooms and 19 suites.

The gaming and gambling sector in Macau ended 2007 with gross revenues of 83.8 billion patacas. (macauhub)