Ho Family Reaches Settlement Over Macau Gambling Empire

Written by:
Aaron Goldstein
Published on:
Mar/10/2011
Stanley Ho

A weeks long feud over the Macau gambling empire of billionaire tycoon Stanley Ho has come to an end, at least for now.

He issued a statement early Friday saying that all members of his family had reached “a full and final agreement based on the principle of mutual understanding”.

The family has been fighting over a stake in Ho’s empire that he claims was transferred without his consent. 

The 89-year-old once monopolized what is now the world’s largest gambling hub.

Over the past two months, Ho has implied that some of his 16 surviving children and wives were “thieves”.

After initially threatening to sue some family members, Ho appeared on television claiming “all was well”.  He later claimed otherwise.

Stocks in the Ho family’s SJM Holdings have suffered as a result of the in-fighting.

Stanley Ho’s fortune has been estimated around $3.1 billion.  Last year the casino tycoon entered a hospital where doctors reportedly performed brain surgery. 

Gambling911.com readers became more familiar with the Ho empire via its Antiguan-based “live casino” enterprise that was once managed by Adam Anhang.   Mr. Anhang was brutally stabbed to death in Puerto Rico in 2005, allegedly a contract killing by his wife.

- Aaron Goldstein, Gambling911.com

Business/Financial News

60 Minutes Looks at Bitcoin

60 Minutes Looks at Bitcoin ...And the Guy Who Spent $800 Million of it on Pizza

This Sunday May 19 at 7 pm EST on CBS (though most certainly delayed a bit with the conclusion of the PGA Championship), the long running CBS news magazine takes a look at the cryptocurrency bitcoin.

Bitcoin Eclipses $8K Mark

Bitcoin Eclipses $8K Mark

Just a day after Bitcoin shot over the $7000 mark, the cryptocurrency has now peaked at over $8000, hitting $8169 before dropping back to around $7900 Monday night.

Create a Bookie Website

Create a Bookie Website

You can create a fully customized professional bookie website in under an hour, no matter where you live, no matter how many customers and for just a mere $5 per player per week.

Price of Bitcoin Continues Charging Upwards Despite Binance Security Breach

Price of Bitcoin Continues Charging Upwards Despite Binance Security Breach

Bitcoin, now accounting for upwards of 70% of all funding for online gambling sites operating in the so-called "grey" and "restricted" markets (encompassing some three quarters of the globe), continues to see huge gains in recent days despite ongoing issues with one of the largest cryptocurrency exchanges.

Is StandardPerHead a Good Pay Per Head?

Is StandardPerHead a Good Pay Per Head?

StandardPerHead.com has existed since 2010.  The company has managed to enjoy success over the past few years.  There is little to suggest that StandardPerHead.com is not a good Pay Per Head.

Syndicate