Asia Casino

Asia Casino

December 3, 2021

Stanley Ho Family Bicker After Late Casino Mogul Didn’t Leave Will

Stanley Ho’s famously schismatic family can’t agree over the value of the late Macau casino mogul’s multibillion-dollar estate, nor even on a third party to administer it, The South China Morning Post reports.

Now, a court in Hong Kong has been tasked with appointing an administrator, who will calculate the value of the patriarch’s assets and how they should be divvied up.

Ho held the gambling monopoly in Macau for 40 years. That was until the former Portuguese colony liberalized its casino market in 2002, three years after it seceded to China.

Bumpy Succession
Ho’s sprawling casino and shipping empire dominated Macau’s economy for decades, making him one of the richest men in Asia at the time.

His holding company, SJM, still owns or operates some 20 casinos via casino company STDM. These include the Gran Lisboa, which dominates the Macau skyline.

Source: https://www.casino.org/news/stanley-ho-family-bicker-after-late-casino-mogul-didnt-leave-will/