..

Stanley Ho Macau Casino Empire Stake Goes to Family

Written by:
Aaron Goldstein
Published on:
Jan/24/2011
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

You Can Bet on the Price of Ethereum

You Can Bet on the Price of Ethereum

If you feel it's too risky to own some Ethereum due to price fluctuations, no worries.  Now you can simply place bets on where the price of Ethereum will be at various time frames.  You can also use Ethereum to place bets on BetOnline.

Granath v Wright Trial Concludes: Ruling Forthcoming

Magnus Grath vs. Dr. Craig Wright was set to determine if Grath's hateful tweets against Wright can be deemed as lawful in a Norway court.  Proving slander is not enough to have an individual held liable for their actions in the Nordic nation.  Those actions include allegedly mocking a man with autism, including the use of hashtags.

Friends Testify That Wright Talked About Bitcoin Before the Digital Currency Existed

Friends Testify That Wright Talked About Bitcoin Before the Digital Currency Existed

One witness claims to have seen the Bitcoin white paper provided by Dr. Wright prior to its launch. “It was like I’d seen a ghost," he testified after seeing the white paper years later when Bitcoin was already becoming all the rage.

Is the US Congress Pro Proof-of-Work When it Comes to Crytpo Mining?

Is the US Congress Pro Proof-of-Work When it Comes to Crytpo Mining?

Canadian accounting firm MNP published a report in November 2021 titled “The Search for a More Efficient Blockchain,” found that BSV was the most efficient network of those it investigated. This was due to BSV’s unbounded transaction processing capacity and the network’s use of more up-to-date hardware.

Blockchain and Metaverse Expert Agency CoinPoint Sign a Strategic Partnership

Blockchain and Metaverse Expert Agency CoinPoint Sign a Strategic Partnership

Plus EU’s new AML watchdog spells trouble for ‘crypto’ crooks

Syndicate