Venetian betting 1.8 Billion on Macau

The gargantuan Venetian resort casino will have 1.8 billion dollars at stake when it opens Tuesday, betting it can turn Macau from a gambling paradise into a family entertainment center to rival Las Vegas, which has long been the gambling and entertainment pseudo-capital of the world.

However--the Venetian, owned by the Las Vegas Sands company, is hoping that the world largest casino in Macau--The behemoth has 3,000 rooms, a fleet of gondolas along its shop-lined canals, and includes what seems to be a full-scale version of Venice's landmark Bridge of Sighs--will start a trend to be able to move tourists there.

August 28 will be the opening date and is an auspicious date in China -- around 160 of the 350 stores at the Venetian will open, shifting the emphasis in the southern Chinese territory from roulette to top-end retail. Should be interesting--it certainly is a huge risk with a big payoff if it's successful.

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