Stanley Ho Macau Casino Empire Stake Goes to Family

Written by:
Aaron Goldstein
Published on:
Stanley Ho

89-year-old Billionaire Stanley Ho transfers most of his stake in Macau gambling company to family members. Worth 13.4 billion HK dollars.

Ho’s 31.65 per cent stake in STDM will be roughly split between his third wife, Chan-un-Chan, and his second wife’s five children - Pansy Ho, Daisy Ho, Maisy Ho, Josie Ho and Lawrence Ho.

“There was a concern among shareholders that there would be a bun fight [for control of the company], but that seems less likely, given these actions,” said Philip Tulk, an analyst with RBS.

In recent years, Pansy Ho has maintained 50 percent ownership in a join venture with the MGM Macau. 

Over the past year, Stanley Ho has been recuperating from a bad fall that required brain surgery. Ho was discharged from the Hong Kong Sanatorium and Hospital in March of last year.

Macau is the biggest gambling destination in the world with unprecedented growth occurring over these past 12 months despite a global recession.  At one time, Stanley Ho controlled all of it.

His vast empire expanded into the online realm.  Adam Anhang, who was brutally murdered in San Juan, Puerto Rico, by a contract killer hired through his estranged wife, once managed Ho’s live dealer online casino in Antigua. 

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin, Ether Slump as Market Selloff Widens

Bitcoin, Ether Slump as Market Selloff Widens

Cryptocurrency prices sank on Monday as concerns over the spillover risk to the global economy from Chinese property group Evergrande's (3333.HK) troubles spread across financial markets.

The Online Casino Bookie

If you are ready to join the sports betting business, then make sure to do it right, with the right help and tools, so that you can make sure to get the best results out of it. With Price per Head, you get a golden chance to have full backup and support from a fully operative sportsbook company, with all the best tools and services, and for the lowest price and risk possible. 

Hungary: Statue Honoring Mysterious Bitcoin Founder Unveiled

Hungary: Statue Honoring Mysterious Bitcoin Founder Unveiled

An imposing bronze statue was unveiled in Hungary’s capital on Thursday which its creators say is the first in the world to pay homage to the anonymous creator of the Bitcoin digital currency.

Fake News: Litecoin Foundation Says No Deal With Walmart

Walmart had earlier disputed the claims after a number of outlets reported on the fake story.

Bitcoin is Barter, Not Money, Mexico Central Bank Chief Says

Bitcoin is Barter, Not Money, Mexico Central Bank Chief Says

Bitcoin is more like a means of barter than "evolved" fiat money, Mexico's central back chief said on Thursday, calling it a high-risk investment and a poor store of value.