Stanley Ho, the entrepreneur who built a casino empire that dominated Macau, has died. He was 98. Once the richest man in Asia, Ho died on Tuesday in Hong Kong’s Sanatorium Hospital. He had suffere…
Once the richest man in Asia, Ho died on Tuesday in Hong Kong’s Sanatorium Hospital. He had suffered years of ill health with conditions including kidney failure, a stroke and Parkinson’s Disease.
His death was announced by mainland Chinese state broadcaster CCTV, which called him a “patriotic entrepreneur.” Ho was famous for having four wives and consorts, and local media reported that the surviving three were all present at his hospital bedside on Monday afternoon. Ho built and maintained a gambling monopoly in the then Portuguese colony and at one stage reportedly accounted for half of the Macau government’s tax revenue. The SJM Holdings company that he controlled until 2011, owns 19 casinos including the Grand Lisboa.
Although SJM eventually lost its monopoly through the issue of licenses to five other groups – including Steve Wynn and Sheldon Adelson and others controlled by Ho family members – Ho’s drive to transform the casino scene in the territory rapidly made Macau a gaming hub several times larger than Las Vegas.
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Stanley Ho, who built Macao's gambling industry, dies at 98Stanley Ho, considered the father of modern gambling in China, has died at 98. The richest tycoon in the former Portuguese territory of Macao was also an accomplished ballroom dancer and had 17 children.
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Macau gambling king Stanley Ho dies aged 98Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday at the age of 98, state broadcaster China Central Television (CCTV) reported.
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Macau gambling king Stanley Ho dies aged 98Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday at the age of 98, state broadcaster China Central Television (CCTV) reported.
Weiterlesen »
Stanley Ho, who built Macao's gambling industry, dies at 98Stanley Ho, considered the father of modern gambling in China, has died at 98. The richest tycoon in the former Portuguese territory of Macao was also an accomplished ballroom dancer and had 17 children.
Weiterlesen »