Stanley Ho, the Chinese gaming tycoon, could not believe the proposal he received in the spring of 2002. “Are you serious,” he asked Philip Wang, an emissary sent by MGM Mirage to enquire about the tycoon's interest in forming a Macao joint venture with the US gambling group.
“We are very, very serious,” replied Mr Wang, a senior vice-president for MGM Mirage.
“[The approach] was really a wild card,” he later told investigators from New Jersey's Division of Gaming Enforcement. “At the time, we were very desperate.”
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