Hong Kong entrepreneur Stanley Ho has announced plans replace his flagship Lisboa casino/hotel in Macau with his biggest and most opulent showcase yet, at a cost of $1.54 billion, The Wall Street Journal reports. Executives at Ho's company, SJM Holdings Ltd., are reviewing proposals by architecture firms and expect to pick a winning design in September. Demolition of the existing building will begin next year, and the next-generation Lisboa will open in 2012, says SJM spokesman John Catt.
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