The industry saw a major breakthrough in 1962 when the government granted the Sociedade de Turismo e Diversoes de Macau ( STDM ), a syndicate jointly formed by Hong Kong and Macau businessmen, the monopoly rights to all forms of gambling.

The industry saw a major breakthrough in 1962 when the government granted the Sociedade de Turismo e Diversões de Macau ( STDM ), a syndicate jointly formed by Hong Kong and Macau businessmen, the monopoly rights to all forms of gambling.

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