pansy ho says the typical chinese consumer is evolving. y: what has been surprising is the swiftness with which chinese consumers are changing. in many ways, they are not the type of stereotype that we would have thought about the chinese consumer market, their patterns and behavior. so this is a very fluid group of people. they are full of curiosity. their requirements continue to change over time. and we can already see that happening during the past seven or eight years. betty: pansy ho also runs a company that operates turbo jets, a high-speed ferry service between macau and hong kong, competing directly with adelson. last year, her ferries transported about 28,000 people a day. pansy: through our past experiences, we have been running the terminals, the ferry terminals. we have a direct experience. we know how to manage and how to -- manage the footfall and how to commercialize the real estate so it can be of great service to these people. betty: that is not how adelson sees it. sheldon: she doesn't like that we are a competitor in the

betty: pansy ho also runs a ompany that operates turbo jets, a high-speed ferry service between macau hong kong, competing directly with adelson. last year, her ferries transported about 28,000 people a day. pansy: we have been running the terminals, the ferry terminals. we have a direct experience. we know how to manage and how to commercialize the real estate so it can be of great service to these people. betty: that is not how adelson sees it. sheldon: she doesn't like that we are a competitor in the ferries. i can't say that i am the ferry expert of the world, but because she got bitter over the competition, so she has been itter all this time. betty: coming up, the clash of the titans continues as they look beyond macau for the next gambling mecca. ♪ betty: the explosion of the casino business in macau has been a huge windfall for this tiny chinese territory and the beijing government. casinos paid the government almost $18 billion in taxes and fees. with great success comes a great amount of squabbling. adelson, a man who is not afraid to wade into conflict, whether it is about

so i sat in one of the meetings and pansy ho was there. it was not a very congenial environment. betty: she was not nice to you? sheldon: i don't think she was nice to most of the people. she doesn't like that we are competitive in the ferries. i think it is a matter of jealousy. i think they never anticipated that i would succeed. if you go back to when i first opened in 2007 with the venetian, and you look at the clippings, you look at the articles, it would be very clear that they thought that i would fail. the day i opened, we opened like 6:00 or 7:00 in the evening, by 7:00 in the morning we had over 114,000 visitors. betty: wow. sheldon: listen to this, there were 30 million people visiting macau. we got last year 63 million visitations. how can i get 63 million visitations from 30 million visitors? because 30 million visitors went to one of my four properties twice. betty: it remains to be seen who will claim the crown of -- as king of macau but for lawrence ho, he says success sometimes bigger isn't always better. some things that