Thursday , June 17 2021

Four Wives and 17 Kids Fight to Control the Empire of Stanley Ho Casino, East Asia and the Best Stories

A new union among the 17 children of billionaire Stanley Ho in the ten-year-old family battle for his Macao casino empire and the eldest daughter Pansy seems most likely.

Pansi Ho has announced she has joined some siblings and Henry Foks Foundation and will have 53% in the Sociedade de Turismo e Diversoes de Macau, which controls the casino operator SJM Holdings. The Alliance gives her the upper hand over Angela Leong, Stanley Ho's 97th-year-old wife, and her major rival in the control of Macau's original gaming company.

Here are four people to watch while the family saga over controlling nearly $ 6 billion in business continues.

Pansi Ho

Born in 1962 in Stanley and her second wife, Lucina Lam King-in, Pansy studied marketing and business at the University of Santa Clara, California before taking a short TV career in Hong Kong. Eventually she ends up with Shun Tak Holdings, a publicly traded conglomerate that manages ferry and helicopter services linking Hong Kong and Macao. She was appointed executive director of Shun Tak during Macao's transfer from Portugal to China in 1999 and became chairman after her father's retirement in 2017.

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

Angela Leong

Billard Leon is co-chair of SJM, one of the six companies authorized to manage casinos in Macao, and is the director of STDM. SJM has 20 casinos, about 1700 gaming tables and more than 2,400 slot machines.

Leong was born in a wealthy military family in Guangzhou in 1961. She meets a tycoon in 1986 and supports him, building a growing business property. She also became a member of the Macao Legislative Council.

Its real estate properties include the Entertainment Center, Hong Kong Insurance China Bank, L & A Shanghai Shanghai, and Macau Macau.

Lawrence Ho

Laurence, Stanley's son with Luciana, worked at Citibank and Jardin Fleming after returning to Hong Kong from Toronto University. Although he says he does not like gambling, Lawrence joins the family business. In 2006 he became chairman and CEO of Melco International Development in Hong Kong, a entertainment group that includes the listed in Nasdaq Melco Resorts & Entertainment. He ended his partnership with Australian billionaire James Packer after working together at four casinos.

Daisy Ho

After receiving a Bachelor of Marketing from Southern California University and a Master of Business Administration in Finance at the University of Toronto, Daisy becomes Chairman and CEO of SJM Holdings. She is Chief Financial Officer of Shun Tak Holdings, Chairman of the Hong Kong Ballet Board, and De Leung Kuk, Deputy Chairman of Charity Provider.

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

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