Billionaire Las Vegas-based casino tycoon Sheldon Adelson opened his new $2.9 billion casino in Macau on Tuesday, which now gives him five properties within the only place in China where gambling is legal.

The opening of the Parisian Macau comes greater than a decade after Adelson’s casino company, Sands China, opened its first Macau property. Since then, Macau has grown to a $45 billion gambling market only to shrink to under $30 billion.

The Macau gambling market continues to be as regards to 3 times as large because the state of Nevada, home to Las Vegas, however the decline for Macau was sudden and steep. Macau casinos still win about $2 billion a month, a 3rd of what Las Vegas wins in a year.

Despite Macau breaking its 26-month-long gaming slump in August, Adelson said Tuesday that “there doesn’t appear to be an excessive amount of more growth here,” in line with a report from Bloomberg.

“We’re aggressively and continually lobbying for other locations within the Asia Pacific countries — we’ve been Japan, Korea, Vietnam, Thailand,” Adelson said on the opening of the casino.

Sands was approved for 150 table games, identical to rival Wynn, however it was far not up to what was asked for. The local government is making an attempt to have the casino industry depend on non-gambling offerings for approximately 10 percent of its total revenue.

According to Bloomberg, Sands China is the dominant player among recreational gamblers and tourists, with about 30 percent of industry gaming win from that form of player. On the request of mainland China, Macau has also been looking to get the casinos to focus less at the high roller and more at the mass market customer.

The Parisian Macau’s opening follows the $4 billion Wynn Palace opening in August. A $3 billion casino from MGM will open next year. Two new casinos opened in Macau last year—one from Melco Crown Entertainment and one from Galaxy Entertainment Group.

Collectively, $20 billion have been invested into Macau by major casino operators despite the downturn. Experts predict that Macau will see year-over-year growth, albeit modest, in 2017.

Sands opened Sands Macau in 2004, the primary Las Vegas-style casino in Macau. At the Cotai Strip, the corporate has The Venetian Macau, The Plaza Macau and Sands Cotai Central, and now The Parisian Macau.

Reuters reported that Adelson also said this week: “If the [Macau] government is listening please note we're fascinated by building more here.”

Adelson had once eyed a $30 billion casino complex in Spain and a huge resort in Miami, but both projects were sidelined. He's currently pushing for an almost $2 billion NFL stadium in Las Vegas.

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