πŸ’ Stanley Ho: Macao casino tycoon, father of gambling in China dies

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Stanley Ho, the Hong Kong-born tycoon who made billions transforming neighboring Macau from a sleepy Portuguese outpost into the world's.


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Are we gonna have a hunger game-esque fight to the death between his dozen and a half kids on whatever remains of his net worth? level 2.


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Stanley Ho, the Macao casino tycoon who was considered the father of modern gambling in China, died Tuesday in Hong Kong. He was


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Stanley Ho, the Macao casino tycoon who was considered the father of modern gambling in China, died Tuesday in Hong Kong. He was


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Stanley Ho, the Macao casino tycoon who was considered the father of modern gambling in China, died Tuesday in Hong Kong. He was


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Search News Search web. Local media said it was unclear whether or not he had married all the women he called his "wives". Golf Digest. Most operators, however, including SJM, have ample cash reserves built up from the boom years to weather a prolonged downturn. Hong Kong boasts one of the highest concentrations of billionaires in the world, but the city is also shot through with inequality, fuelled by a lack of housing, sky-high rents and low wages for blue-collar jobs. Yahoo News {/INSERTKEYS}{/PARAGRAPH} Gaming revenues bounced back until earlier this year when the coronavirus pandemic emptied casino floors and hammered the industry. The New York Times. Ho had been keeping a low profile after a serious fall in at the age of 87 which left him requiring brain surgery. Associated Press. What to Read Next. Yahoo News. Like many of Hong Kong's tycoons, Ho was reluctant to retire and only officially stepped down from SJM in at the age of 96, handing over the reins to his daughter Daisy and Angela Leong, his fourth "wife". Yahoo News Video. But Ho's family fortunes collapsed during the depression years, and when World War II came he fled to Macau virtually destitute. The war allowed him to make his first fortune -- smuggling luxury goods into China from Macau -- before securing the only gaming licence in the then-Portuguese colony in A flamboyant entrepreneur and keen ballroom dancer, Ho first married in but subsequently had three other partners with whom he had children. He was the great-nephew of one of Asia's first tycoons, Robert Hotung, an influential Eurasian businessman and philanthropist who was among Hong Kong's wealthiest individuals at the turn of the 20th century. The National Interest. Ho said he had never wagered a bet, even while his casinos continued to rake in billions in revenues annually. Ho monopolised the gaming industry until , when the government introduced foreign investors, sparking a boom which saw casino takings contribute around 80 percent of the city's annual revenue and overtake Las Vegas. While many of Hong Kong's tycoons have rags to riches backstories, Ho initially had a gilded start to life. He fathered at least 17 children and speculation about how his vast fortune would be divided among his offspring has long occupied Hong Kong's tabloid media. Yahoo Life. Known as the "godfather" of Macau's casinos, Ho was instrumental in turning the semi-autonomous city on China's southern coastline into a gambling boomtown. Pansy Ho runs conglomerate Shun Tak, which includes ferry services between Macau, Hong Kong and mainland China and is a major property developer in Macau. The company took a hit alongside its competitors after China's President Xi Jinping launched a high-profile corruption crackdown in , triggering a dramatic decline in high-rollers to Macau. {PARAGRAPH}{INSERTKEYS}Stanley Ho, the Hong Kong-born tycoon who made billions transforming neighbouring Macau from a sleepy Portuguese outpost into the world's biggest gambling hub, died on Tuesday at the age of 98, his family said. Hong Kong tycoon Stanley Ho in Family members said Ho passed away shortly after 1pm in hospital. The Telegraph. The Independent. In his nephew Alan Ho spent 14 months in jail on charges linked to a prostitution racket that was uncovered at the company's flagship Hotel Lisboa.