search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
MACAU BUSINESS leungchopan/Adobe Stock


Unsolved business “Because I became a refugee in Macau in


1941, we had this war in Hong Kong, I fought for the government as an air raid warden for 15 days. Our Hong Kong government


surrendered, so I took a junk and came to Macau in 16 hours and I was a refugee. So that’s why I was so much indebted to Macau”


growing steadily. And his unwavering and genuine paternal care for his very large family and the people of Macau was heart-warming to witness. Ho’s legacy will live on through his life-long contributions, his family, and the memories of so many people whose lives he helped shape.” A similar view was reflected by gaming consultant, Ben Lee, who stated to MNA that Ho left a “personal landmark in not only the local landscape but on the global scene as well” “He laid foundations for the modern gaming industry in Macau, and he managed to do that against all odds with the entry of the ‘VIP junkets’ into the modern gaming lexicon, a unique market segment that is so vital to gaming all throughout Asia. He has left his mark, and not only just in this corner of the world. Most of the people reading this are here in Macau because of him,” said the Managing Partner IGamiX Management & Consulting Ltd. Ho has long been seen as the hand that brought baccarat and junkets to Macau, a new card game and a new method to attract gamblers to local casinos that helped STDM boosted its profits to unseen heights until the local gaming liberalisation in 2002 forced Ho to share the local business pie with other gaming concessionaires.


26 JULY 2020


The gaming tycoon also left a complicated legacy in financial and gaming assets, by the simple fact that he fathered 17 children – two already deceased – with four wives. Ho had been effectively removed from the affairs of SJM Holdings, the gaming concessionaire linked to STDM since 2009, following a head injury and a series of brain surgeries. Despite the previous family feuds, Professor Ricardo Siu considered that most of the internal power issues between family relatives should have probably been resolved, considering the long period the gaming mogul has faced serious health problems. “Since Stanley Ho’s health problem in 2009 more than a


decade has passed. In my observation, the distribution of power and the internal authority arrangements within SJM should have already been resolved. I don’t see a lot of potential conflict within the corporation,” Professor Siu told MNA. However, according to analysts at Sanford C. Bernstein, while no changes are expected in SJM following Ho’s death, the group re-shuffle after his previous retirement left many issues unresolved.


“Unfortunately, some people still think that Stanley Ho knows too


many triads and is connected with the triads. This is very unfair, a real misconception”


Following his health incident in 2009, Ho was not


involved much in company matters and following a family dispute in 2011, his shareholdings were distributed among various family members, with daughter Pansy Ho entering the STDM board and with his fourth spouse, Angela Leong On-kei entering a management role at SJM.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66