Four wives, 17 children and the fight for a $ 8.4 billion casino empire


The dispute was resolved after two months but gave an idea of ​​the offensive nature of Ho's family and the lifestyle of one of the richest families in Asia.

Stanley Ho in 2008.

Stanley Ho in 2008.Credit:Bloomberg

Earlier this month, Stanley Ho's nephew Michael Hotung, also known as Mak Shun Ming, sued the game's tycoon, saying he did not receive $ 360 million in stock dividends to which he was entitled.

Here are four people to watch as the family saga on business control of nearly $ 6 billion ($ 8.4 billion) continues.

Pansy Ho

Born in 1962 to Stanley and his second wife, Lucina Laam King-ying, Pansy studied marketing and business at the University of Santa Clara, California before pursuing a short career as a TV actress in Hong Kong. He eventually headed Shun Tak Holdings Ltd., a publicly traded conglomerate that operates ferry and helicopter services linking Hong Kong and Macau. She was appointed director-general of Shun Tak during Macau's move from Portugal to China in 1999 and became chairman of the board after his father stepped down in 2017.

Pansy helped form MGM China in a joint venture with MGM Resorts, owned by billionaire Kirk Kerkorian. The company raised $ 1.5 billion in an initial public offering on the Hong Kong Stock Exchange in 2011

Angela Leong

Billionaire Leong is co-chairman of SJM, one of six companies authorized to operate casinos in Macau, and is director of STDM. SJM has 20 casinos, about 1,700 gaming tables and more than 2,400 slot machines.

Angela Leong is the fourth wife of Stanley Ho.

Angela Leong is the fourth wife of Stanley Ho.Credit:Bloomberg

Leong was born in a wealthy military family in Guangzhou in 1961. She met the tycoon in 1986, and supported by him, built a sprawling real estate company. She also became a member of the Legislative Council of Macao.

His real estate interests include Entertainment Building, Bank of China Insurance Tower in Hong Kong, L & # 39; Avenue Shanghai in China and L & # 39; Macau Macau.

Lawrence Ho

Lawrence, son of Stanley with Lucina, worked at Citibank and Jardine Fleming after returning to Hong Kong from studies at the University of Toronto. Despite being quoted as saying that he does not like gambling, Lawrence ended up joining the family business.

Lawrence Ho and James Packer.

Lawrence Ho and James Packer. Credit:Bloomberg

In 2006, he became president and chief executive officer of Melco International Development Ltd., a Hong Kong-listed entertainment group that includes Melco Resorts & Entertainment Ltd. of the Nasdaq. He finalized a partnership with the Australian billionaire James Packer after working in four casinos. together.

Daisy Ho

After earning a bachelor's degree in marketing from the University of Southern California and a master's degree in business management at the University of Toronto, Daisy became president and chief executive officer of SJM Holdings. She is also the financial director of Shun Tak Holdings, chairman of the board of Hong Kong Ballet and vice president of charity provider Po Leung Kuk.

Daisy has been a member of the committee of the Chinese People's Political Consultative Conference in Tianjin since 2008.

Most Viewed in Business



Source link