..

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

PricePerPlayer.com Expands its Operations with a New Office in the Philippines

PricePerPlayer.com Expands its Operations with a New Office in the Philippines

San Jose, Costa Rica – Sports Betting Software Development company PricePerPlayer.com is expanding its operations by opening a new office in the Philippines. The new offices will be a satellite office in Bonifacio Global City and will be known as Price Per Player Asia.

Bookie Pay Per Head Demo

PricePerPlayer.com offers prospective clients a chance to try their Pay Per Head software through a free two week demo.

Coingeek News

Here you will find all the latest news pertaining to and coming from Coingeek.com, a site founded by Gambling911 good friend Calvin Ayre.

Top 5 Tips: How To Become A Profitable Bookie In 2019

Top 5 Tips: How To Become A Profitable Bookie In 2019

Hello, money-making enthusiasts! Premier Per Head is back with another mind-blowing episode. Today we have a special guest joining us. None other than Premier’s own GM , Matty Morandi. "

Price Per Head Sportsbook Solutions

Price Per Head Sportsbook Solutions

If you are looking to be a bookie and accept wagers on various sports then the best option is to look for a price per head solution.

Syndicate