HONG KONG, May 26 — Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died today at the age of 98, state broadcaster China Central Television (CCTV) reported. The flamboyant tycoon, who loved to dance but...
Tycoon Stanley Ho looks out from the Macau Ferry Terminal and in the background berths his latest in a fleet of jetfoils from his Hong Kong flagship company Shun Tak Holdings Ltd, in Hong Kong — Reuters file pic
The flamboyant tycoon, who loved to dance but advised his nearest and dearest to shun gambling, headed one of the world's most lucrative gaming businesses through his flagship firm, SJM Holdings Ltd, valued at about US$6 billion . Born in Hong Kong, Ho had four wives and 17 known children, and was forced to restructure his business after a legal battle erupted within the family in 2012 over his fortune.His privately held company, Sociedade de Turismo e Diversões de Macau, or STDM, has stakes in everything from luxury hotels to helicopters and horse racing.
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Macau gambling king Stanley Ho dies aged 98HONG KONG (Reuters) - Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday at the age of 98, state broadcaster China Central Television (CCTV) reported.
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Macau gambling king Stanley Ho dies aged 98HONG KONG (Reuters) - Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday at the age of 98, state broadcaster China Central Television (CCTV) reported.
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