New Leader Born in Macau's Ho Empire

Casino mogul Stanley Ho has passed his throne to his fourth wife, Angela Leong, after a power struggle within his family. Ms. Leong now controls one of Macau's most lucrative gambling operation, which earned $457 million on revenue of $7.4 billion from its 20 casinos last year.

WSJ reports that Ms. Leong has an ambitious plan to "spend $1.3 billion to build a Macau theme park and resort with six hotels, an indoor beach and an equestrian center. The complex won't have a casino, however, in line with the Macau government's efforts to diversify the economy."

Whether this project will expand the Ho empire further, I give Ms. Leong two thumbs up for creating job opportunities to the people of Macau. Macau is outpacing Las Vegas in terms of revenue, which Macau earned "more than quadruple that of Las Vegas."

World's Highest Hotel Opens in Hong Kong

The Ritz-Carlton in Hong Kong opened earlier this week! For those that are visiting Asia this summer, be sure to check it out. Not only is the world's highest hotel, it also offers a breathtaking panoramic view of Hong Kong. This luxurious hotel is catered to mostly visitors from mainland China, which are deemed as The Ritz-Carlton's best customers. Herve Humler, Ritz-Carlton President and COO, stated that mainland Chinese visitors "come to eat in the restaurants, they bring their family and they are eating better than anybody, drinking the best wines." 


According to Ritz Carlton's official website, The Ritz-Carlton Hong Kong has 312 rooms and is located at International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong. Starting price for rooms is HK$3,888 per night for a deluxe suite for an introductory package. For the presidential suite, it can cost $100,000 per night.

World's highest swimming pool

Ritz Carlton room