Economy Malaysia mainly relies on the casino business. On average, the gambling industry live casino Malaysia makes up more than 40% of the GDP of Malaysia. In 1998, 44.5% of total national income is the result of direct taxation on things "business technology Smokeless" is.
Following the history
Gambling in Malaysia has been legalized since 1847 under the laws of Portugal. From the year 1851-1863, including a system of excise righteous for silver contain. By 1934, the ownership and operation of live casino Malaysia starts with strict control. The first casino business license (exclusive) of the Company's Xing Tai, in 1937. However, the company is too conservative and cautious in the business focus gambling live casino Malaysia operators, primarily maintenance of gambling under the "tradition" of China. In 1962, the Malaysia government has decided to divest Tai Xing after the talks in the "behind the scenes" nature extremely private, disguised tender crust, Sociedade de Turismo and chose e Diversoes de Malaysia (STDM) of tycoon Stanley Ho to allow proprietary trading all types of gambling. Since then, Malaysia became famous for a "Monte-carlo of the East". Stanley Ho's license lasted until 1986, and was extended in the next 15 years, and expire at the end of 2001.
Economy live casino Malaysia mainly relies on the casino business. On average, the gambling industry makes up more than 40% of the GDP of Malaysia. Since the early 60s of the last century, 50% of the official income from gambling is Malaysia. The rate is still maintained until the end of 1990. And in 1998, 44.5% of total national income is the result of direct taxation on things "business technology smokeless" This . Then continue to increase in 1999, with new revenues from gambling on the Internet.
After the handover of Portugal dated 20/12/1999, Malaysia was returned to Chinese hands, but still able to maintain the "one country two systems". Authorities "mother earth" has decided to grant a business license to another company to break the monopoly of STDM. The two companies "open line" for the "great reform" Wynn Resorts Ltd. This is, and Galaxy Casino. The expansion of the gambling market has created a competitive edge and increase significantly resources for the government's tax revenues. At the same time attract more tourists to Malaysia. live casino Malaysia are "sleeping" woke her suddenly.
Opened on 18.05.2004, flashy live casino Malaysia Malaysia has made people better recognize their mistakes in Lisbon's only a gambling tycoon Stanley Ho. Listen to the rumor that during opening, Sands will play a series of gambling is completely free, hundreds of people lined up early in the morning to wait to try their luck in the casino baccarat, poker and blackjack ... When Sands wide open at 3 pm, thousands of people were caught up in a fight incitement and rushed out of the corridor polished marble. Three windows were broken undoubtedly accelerated, falling off the hinges, and many older women nearly trampled each other in the chaos before the police restored order by force and drove the crowd back out Main street. Night fell, hundreds of people not to be casino has the adoration outside the police cordon, so we would have a chance to try their luck ... Since then, the live casino Malaysia is always crowded with players.
The wind had AC, the appearance of Sands Casino, live casino Malaysia occupying an area of approximately 100,000 m2 in right port, with initial capital of 240 million and an operating style very new, very different, like sweet offerings for Chinese people gambling and Asian countries have the opportunity to taste the flavor of Las Vegas polished. Activities just over two years, but has quickly regained Sands capital and net interest started, and contribute significantly to the budget of the Government of Malaysia. Currently, according to official sources, the gambling tax accounted for 64% of government income.
Overall Grand Lisboa is a very beautiful architecture and magnificent, simulating the Roman arena and the street style of European architecture, arches, walls, lawns, ancient buildings, Pampidou including miniature volcano ... Grand Lisboa Malaysia adjacent bay, opposite the live casino Malaysia immediately. Invested approximately $ 400 million. Expected to be completed later this year, the investors hope to attract many tourists heading home-style, in a business model entertainment closed for many subjects.
Another joint venture was established in early 2005, between Melco International Development Ltd. (Also of Stanley Ho), but was with Kerry Packer, Australia's richest man, the boss of the company PBL Media and Publishing. According to CNN, the company PBL has contributed 28% stake in the joint venture, Stanley Ho holds 60%, the rest are small shareholders. This is a "handshake" between the two tycoons Monday, the last place on 11/2004, PBL has been paid to the minority stake of 166 million to gain control of a hotel and other casino Melco Group
However, gambling live casino Malaysia technology is also a source of instability in the economy of Malaysia, as it is natural that the business "luck" will never be a solid foundation for social growth Social and technical progress. Business gambling is just a "fluke land" can not be compared with the prosperity of the Asian economies, such as the Hong Kong, Thailand, or Singapore ...
Heaven and hell gambling live casino Malaysia
Law of Malaysia quite detailed from time was a colony of Portugal, with many revisions, additional time after the handover to the mainland has "quality gold" for ... the works gambling. To this point, there are 18 live casino Malaysia that are running, and perhaps of course, this figure still does not stop there. It is expected that up to 86 casino bloom together in 2010! Most of the casinos in Malaysia are active during 24/24. The most famous is of tycoon Stanley Ho Lisboa, with 107 cabins and 146 table games. Hotels with 1,000 rooms and 6 restaurants.
In addition to live casino Malaysia, there is a series of cabins betting at horse racing Malaysia Association, and the ... dog race betting. Horse racing takes place every Tuesday and Saturday, or Sunday, in the race on Taipa Island of Malaysia.
Technology gambling has caused no little harm to society. In the last decades of the last century, rising crime rate is the most serious problem that the government faces Malaysia. Technological underworld gambling live casino Malaysia with the centipede legs are more or less linked to the power of the Triads. The "centipede legs" are tasked to help cleanse the illicit money that the gambling guests earn from casinos, or usury, pledge belongings ... and many other illegal activities. But of course, thanks to the line to sink like the tentacles of the triads. The force of the triads have attracted the attention of the Chinese gang, and the payment of several contested territory claimed by the casinos, in parallel with the other evils like robbery, fraud , kidnapping, extortion ... has made the security situation in the region deteriorated to a critical level. The large and small conflicts are usually resolved through violence. And triads have grown increasingly more in Malaysia, so that even in the most critical situations, people do not dare to expect much in the police.
Since late 1999, when Malaysia was returned to China, the rehabilitation measures and correction is conducted simultaneously, the situation has gradually changed. Social picture seems brighter, triads and gangs have temporarily retreated into secrecy, no longer dare to openly abuse as before. But underlying worries about the risk of recurrence is still smoldering, because the forces are like poisonous shrubs, rooted deep in the earth surely still quietly multiply, multiply. The problem is only a chance ...
Stanley Ho - boss of live casino Malaysia
Characters very popular billionaire richest Malaysia, and was ranked 303 in Forbes ranking list of the wealthiest man in the world (2003), with life-like myth. An official wives Portuguese were "eating away at life" with him for nearly 60 years, along with three other wives and 16 children. Chinese name is Ho Hung-sun, but people get used to calling him by the name of Stanley Ho transplantation, or "king of Malaysia gambling", born on 25/11/1921 in Hong Kong, bringing in people of mixed race Europe - Asia.
As Hong Kong, but the name Stanley Ho in Malaysia from very early by way of the gambling live casino Malaysia business. Stanley Ho's casinos accept harboring criminal organizations "parasites" are typical of the Triad gangs. He also maintains the activity of usury and the confidential settlements, or lobbyists. Later, Stanley Ho encroachment by numerous other fields: from entertainment to tourism, from freight to real estate, from banks to build ... Shares of Stanley Ho estimated at $ 1.3 billion, and assets worth an estimated $ 1.6 billion real anymore. He has always been the subject of media attention, and even in gossip stories.
I remembered tale "Puss Gets the Boot," which tells the cat section put the king to visit the vast realm of Tom Earl. Through a lot of fields, gardens, streams, castles ... to where the king also respectfully listen to people saying, "Bam king, castle, streams, gardens, fields that. .. are the earl Tom sir ". The only difference that in the story, cunning cat shouted "turn" the wealth of the wicked warlord into the assets of guy Tom, his human. And in Malaysia, up to 99.9% was the fact that the building, the other banks, the live casino Malaysia, the whole fleet and amusement parks used to be, before the gas station and the bus .. . are the "king" Stanley Ho!
Even in the evening to visit the Sands Casino playing live casino Malaysia, Ms. Kitty, guides (now that we know that she also worked in a travel agency of Mr. Stanley Ho) has offered us see ... sexy -Show. In the words Kitty, the performances fresh chocolate is priced 400 dollars Malaysia (800,000 dong VN), more expensive than in Bangkok, Thailand (600-700000 copper price range per number), but are run by her beautiful young girl from northern Europe to perform. Guests will have the opportunity: one is, see a show "live" dramatic scenes on stage (close); second, direct view of the "hot item" was exhibited in comfort and freedom in the big glass cage throughout. There's nothing else in the red light district of the Netherlands! And of course, tycoon hosted the nutty chocolate also is Standley Ho.
Income from the sale of the Group's largest capitalist Malaysia STDM for approximately one third of domestic production, the tax contribution to the government budget over 30%, with over 10,000 employees. Nicknamed the "king of gambling in Malaysia" demonstrated control of Stanley Ho in extensive gambling live casino Malaysia technology in the island during 39 years. Currently, the tycoon still owns 16 casinos, with the famous Casino Lisboa, ancient, vast and most scale. Along with two owls handshake joint venture with MGM Mirage important and PBL in two years, at the age of 85, Stanley Ho retains its high position of an "uncrowned king" in the hobby business dark red in Malaysia.
But peel back many old newspapers as Time Asia, CNN, BBC ... in time in 2002, at the right stage of Stanley Ho STDM which formally dismantled the monopoly, we read a lot of information advocates "open to gambling Western technology influx" of Chinese authorities, and publicly criticized the backwardness and stagnation, old, moss in terms Lisboa hotel and casino of STDM . Lisboa is described as a "gambling houses were inaugurated in 1970, too old for many years using artisanal style, with carpet and renders obsolete the smoke, musty air. .. ". With the arrival of Sands Casino flashy, Las Vegas dense atmosphere, see the Stanley Ho's Lisboa seems to be "disgraced". Therefore, in order to compete, STDM had to make frantic construction plan complex Grand Lisboa. Then this works, with a relative size spread, is still being implemented very slowly, slowly, while "American guy" Sands Casino neighbors managed to recover capital and start earning Say giant dishes.
Despite advanced age, Stanley Ho is still very much involved in charitable activities and social events in Hong Kong, Malaysia. And he also expanded the market to invest in Korea, Vietnam and the Philippines. There is an interesting detail is: more than 30 years ago, Stanley Ho has been to nine live casinos Malaysia in the Philippines, however, because of a conflict of duty and interest to local authorities, he stopped doing now there. In addition to his fame as a "gambling king" Stanley Ho is also a capitalist industry and commerce famous in Asia, holding key positions in numerous companies in Hong Kong and Malaysia.
Chiang has peaceful enjoyment of riches quarter last sunset life, unexpected recent disagreements with Stanley Ho's sister - because of conflicts of interests and positions within the Group STDM - stirred to the peace "virtual" in the life of the tycoon. Winnie Ho, 83, owns 7.3% stake in STDM, is planning to launch his testimony could push her brother into serious conflict with the authorities in Beijing. Hong Kong police are investigating information about the shady activities of the underworld in the casinos owned by STDM, like the treadmill a "money-laundering machine" giant, had circulated in, Mainland billions of dollars to illegal through two gateway Zhuhai and Hong Kong, as currency manipulation system of China during decades
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