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The Ho family has perhaps the biggest collective stake of all in Macao's success.
When the city gained possession of the parcel and then began the restoration in 2002, nearly 80 percent of the structure — in Macao's Unesco World Heritage zone — had been altered or damaged.
HONG KONG — A battle for supremacy in Macao's gambling market is shaping up between the casino tycoon Stanley Ho and an American newcomer as the Chinese enclave emerges as the biggest gambling territory in the world.
"They have a stronger interest in public affairs than they did a year ago, but not yet in political affairs," said Ng Kuok Cheong, the lone advocate of democracy in Macao's legislative assembly.
In Macao's new luxury developments, which are few in number, prices range from 5,000 to 7,000 Hong Kong dollars ($645 to $900, at $0.13 to the Hong Kong dollar) per square foot, Mr. Kao said; a slightly older, midrange building would command around 3,000 Hong Kong dollars per square foot, with prices going down from there depending on the age and amenities of the building.
Although he doesn't gamble, Fok went on to invest in Macao's gambling industry in 1961.
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Last year, it opened the MGM Grand Detroit and its first property in Macao, China's gambling haven.
Compared with the hubbub surrounding the Hong Kong handover in 1997, Macao's handover from Portugal to China in 1999 passed with relatively little fanfare.
There have been some successes in expanding Macao's offerings.
InterContinental, Mandarin Oriental and others are also planning new properties, as are some of the biggest names in Las Vegas: Macao's own Venetian and MGM Grand are to open next year.
In tone, "Adrift in Macao," to Peter Melnick's music, is more silly than slashingly satirical.
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