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Ho No! The Stanley Ho Family Saga Continues

Written by:
Aaron Goldstein
Published on:
Feb/16/2011
Stanley Ho

89-year-old Macau casino tycoon Stanley Ho filed a new lawsuit against various family members on Wednesday in an effort to keep control of his vast business empire.

Late last month it was revealed that certain family members had acquired much of his stake.  Ho maintains this was done without his consent.  Ho had dropped a previous lawsuit.

"Dr. Ho is very, very annoyed, very, very disappointed," his lawyer Gordon Oldham told reporters as he announced the claim filed in Hong Kong's High Court.

Pansy and Daisy "have been reluctant to come forward to negotiate. They don't want to talk to their father," he added.

Much of the battle centers around SJM Holdings, which has an estimated worth of at least $3.1 billion.  Prior to 2002, Ho monopolized the former Portuguese colony and the only city in China that permits gambling. 

The Ho family consists of 17 children born to four women.  Other members of the clan have also expressed outrage over the transfers Ho at one point deemed as “robbery”.

- Aaron Goldstein, Gambling911.com

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