$163 million in Macau casino deal

Macau Casino: Gambling Macau-style has changed dramatically Australia's richest man and ardent gambler Kerry Packer is investing $163 million (88.6 million pounds) in a venture in Macau with Hong Kong gaming kingpin Stanley Ho as part of Packer's increasing worldwide push in the industry. His Australian firm, Publishing and Broadcasting Limited (PBL), will establish a 50-50 joint-venture with Ho's Melco International Development and use the operation as a springboard into the mainland.