Andy Lau returns in his role as the Casino Tycoon of Macau, Benny Ho. We join Ho 18 years after the last film as he has established his casino empire in Macau and is living with his daughter and wife. When his daughter brings home a young man eager to make headway in his casino empire, Ho becomes embroiled in a plot to destroy his family.
1970年，葡京酒店开幕，分别任公司董事长的賀新与任总经理的聶傲天两人，由于在经营理念的差别使得二人在公司内产生了越来越多的不和与矛盾，郭英南則在外另創公司成了大老闆。而从美国留学归来的儿子賀天寶，女儿賀天兒以及她的男友程震回来探望他，賀新認為程震才能遠勝兒子天寶，就让他进公司並加以重用，程震也不負眾望成為公司最具才幹的年輕人，郭英南之子也接手郭英南在葡京公司的股份成為大股東。某日董事會投票時郭英南之子表明聽父親吩咐全力支持賀新，不料程震卻支持聶傲天对付賀新，不仅如此聶傲天还纵容手下保镖大东不时刁难賀新。
期間賀新也認識了美女演員狄雲，與她發展出曖昧情愫。
