🖐 Macau’s ‘Godfather of Gambling’ Stanley Ho Retires at 96 - WSJ

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The casino mogul retired in , leaving daughter Daisy Ho as chairman of SJM​. Angela Leong, whom Mr. Ho called his fourth wife, is one of.


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Ho said he had never wagered a bet, even while his casinos continued to rake in billions in revenues annually.

Gaming revenues bounced back until earlier this casino tycoon palestinian when the coronavirus pandemic emptied casino floors and hammered the industry. Pansy Ho runs conglomerate Shun Tak, which learn more here ferry services between Macau, Hong Kong and mainland China and is a major property developer in Macau.

Ho had been keeping a low profile after a serious fall in at the age of 87 which left him requiring brain surgery. He also added to his wealth through a property and shipping empire.

The king of gambling died at the ago of 98 on May 26, in Hong Kong. Most operators, however, including SJM, have ample cash reserves built up from the boom years to weather a prolonged downturn. Family members said Ho passed away shortly after 1pm in hospital. Hong Kong boasts one of the highest concentrations of billionaires in the world, but the city is also shot through with inequality, fuelled by a lack of housing, sky-high rents and low wages for blue-collar jobs. A flamboyant entrepreneur and keen ballroom dancer, Ho first married in but subsequently had three other partners with whom he had children.