Ho Family Reaches Settlement Over Macau Gambling Empire
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
