ITG - International Technology Group
A key developer, partner, consultant, and out sourcing provider
in the Asian Information Technology Market.
About ITG
Products & Services
Management Team
Current Projects
Gaming in Asia
About Macao
About Mongolia
Gaming in Asia

Gaming in Asia and Macao

The government opened up gaming in Macao to a competitive group of world-class operators. From 1962 to 2002, Macao's gaming industry was monopolized by a single company, Sociedade de Turismoe Diversoes de Macao ("STDM"), which is controlled by octogenarian billionaire Stanley Ho. STDM was granted the sole concession in 1962 by the Government of Macao to own and operate gaming halls and hotel casinos. In addition to its gaming activities, STDM and its affiliates have since expanded into almost every major commercial sector of the Macao economy, including banking, retail, and substantially all of the high-speed hydrofoil ferry services that link Macao to Hong Kong.

Black Jack In 2001, the governments of China and Macao ended STDM's monopoly by expanding the number of gaming concessions from one to three. In addition, because holders of these new concessions may grant sub-concessions to unrelated operators, it was widely anticipated that the changes would result in a significant number of new entrants into the Macao gaming market. The vibrancy of the Macao gaming market resulted in an all-time record year for the sector in 2003. The Finance Services Bureau recently announced that it expects 2004 tax revenues to exceed the previous year's, setting another all-time record for the region.

"The Macao gaming market is recognized as one of the most profitable in the world."

The Macao gaming market is recognized as one of the most profitable in the world. According to information published by The Innovation Group, a U.S. gaming consulting firm, Macao's 12 existing casinos generated USD $3.7 billion in gaming revenue in 2003. By comparison, the Las Vegas market, with 44 casinos on the Las Vegas Strip, generated USD $4.8 billion during the same period. The vibrancy of the Macao gaming market is unquestioned. We believe that as new facilities and standards of service are introduced, Macao will become an even more desirable tourist destination and has the potential to become a larger gaming and hospitality market than Las Vegas.

History of Gambling in Asia

The human race is one filled with gamblers - and it seems it's always been this way! The very first accounts of gambling were recorded around 2300 B.C. in China. The wagering of valuables in games of chance was also very popular in Ancient Greece, despite the fact it was illegal. This mere technicality failed to halt such activities then, as it does today in countries around the world in which gambling is banned today.

Ancient coins used for gamblingThe basis of so many of today's favorite gambling games such as Blackjack and Poker - are also thought to have been invented in China (or nearby). Sometime around 900 A.D., the Chinese came up with the idea when they began shuffling paper money (yes, another Chinese invention) into various combinations. Pai Gow Poker is a game that has its roots in the ancient Chinese game of Pai Gow. However, now it is combined with American Poker and has evolved into the modern game of Pai Gow Poker. The interesting thing about Pai Gow Poker is that you can play the game for a long time without losing substantial amounts of money; that is if you keep your wits about you. Pai Gow began as an ancient betting game played with Chinese dominoes also called tiles. It has been played throughout Asia for centuries. The goal of the ancient game was to 'make nine', which is what pai gow means.

According to scrolls dating back to Ancient China, Cheung Leung of the Han Dynasty created a game very similar to Keno around 200AD to fund the war that had been going on for several years. The funds for the war were getting low and the people of his city were beginning to refuse to contribute any more of their hard earned wages to it. He decided a game of chance would be the best avenue to creating revenue for his army. You may have noticed that keno is a lot like a lotto game. That's because keno is a lotto. The name has been changed a few times in the game's 3000+ year history, mostly to circumvent the law or taxes or both. By all accounts, the Chinese invented the game to fund their army and The Great Wall.

Related Links