Ho No! The Stanley Ho Family Saga Continues

Written by:
Aaron Goldstein
Published on:
Feb/16/2011
Stanley Ho

89-year-old Macau casino tycoon Stanley Ho filed a new lawsuit against various family members on Wednesday in an effort to keep control of his vast business empire.

Late last month it was revealed that certain family members had acquired much of his stake.  Ho maintains this was done without his consent.  Ho had dropped a previous lawsuit.

"Dr. Ho is very, very annoyed, very, very disappointed," his lawyer Gordon Oldham told reporters as he announced the claim filed in Hong Kong's High Court.

Pansy and Daisy "have been reluctant to come forward to negotiate. They don't want to talk to their father," he added.

Much of the battle centers around SJM Holdings, which has an estimated worth of at least $3.1 billion.  Prior to 2002, Ho monopolized the former Portuguese colony and the only city in China that permits gambling. 

The Ho family consists of 17 children born to four women.  Other members of the clan have also expressed outrage over the transfers Ho at one point deemed as “robbery”.

- Aaron Goldstein, Gambling911.com

Gambling News

Other Football Lagues Seek Boost From Legal Sports Betting

Other Football Lagues Seek Boost From Legal Sports Betting

The National Football League is king when it comes to legal sports bets, but other professional gridiron leagues are also looking to embrace and profit from it.

Betcris Supports Venezuela Aid Live

Betcris Supports Venezuela Aid Live

Betcris, pioneer in the online betting industry, is proud to support Venezuela by participating in Richard Branson’s initiative: Venezuela Aid Live. The goal is to raise $100 million in humanitarian aid for the Venezuelan people.

Kentucky Races to Legalize Sports Betting

Kentucky Races to Legalize Sports Betting

Kentucky took the first step to legalizing sports betting on Wednesday as a legislative committee strongly endorsed a bill that one estimate says would bring in at least $20 million a year in new taxes.

Gambling Regulators Authorize Settlement to End Wynn Lawsuit

Gambling Regulators Authorize Settlement to End Wynn Lawsuit

A settlement is pending in casino mogul Steve Wynn's lawsuit seeking to block the release of Massachusetts' investigation into allegations of sexual assault against him.

North Dakota House Passes Bill to Legalize Sports Betting

North Dakota House Passes Bill to Legalize Sports Betting

North Dakota’s Republican-led House reconsidered and passed legislation Wednesday that would allow legal betting on college and professional sports, reflecting a relaxation of anti-gambling attitudes in recent years in the highly conservative state.

Syndicate