betty: in fact, about 64% of his las vegas sands revenue comes from his macau properties. nce opening the sands in 2004, he has expanded into other industries. bringing people from his resorts in hong kong to macau in high-speed boats. sheldon: what i recognized was there was not enough ferry service. what do i know about the ferry business? what i know about every business when i go into it. zero. but there's not much i cannot learn. i believe this industry in which we operate, the lodging or gaming industry, i believe it is a supply-driven industry. if i put those buildings there, they will come. betty: and they did. sheldon: and they still do. betty: when we come back, the battle for market share pits him against the ho family. not just lawrence, but his sister, pansy ho. she tells us how she is trained to keep the gaming industry all in the family. pansy: my father paved the foundation for macau today. we carry that torch. ♪ betty: sheldon adelson may be trying to conquer macau, but patriarch stanley ho's industry is far from failing. his company, sjm holdings, operates

. >> macau acasinos, mgm, las vegas sands. gaming revenue came in 6% lower than the average in july. broader china reaction here. >> melco's had a nice run. they've been following these less bad kind of prints out of mac macau. if you listen to macau their second quarter numbers are good. weak vip. also the premiums getting slightly better again down single digits, used to be down 20%:30%. to say macau's going to turn on a dime especially with the regulatory concerns, fresh attacks on smoking and bans that are going to change the casino life i think it's time you trade. i think 25's the high range. i think 18.50's a proven low on melco. this is the environment until things truly inflect. but right now less bad, yes, i think it is stabilizing. you can make that call. >> you you don't have to necessarily panic out of these names at this point in time. we know the story macau. you look at something like wynn, which is the one i keep an eye on and that is rangebound. you trade these rangebound. not a lot of catalysts for the up sid