Two Way Hard Three | Las Vegas Casino & Design Blog

January 24, 2011

Ho Passes Reins to Macau Casino Empire

Posted by Hunter

This seems inevitable.

Stanley Ho, at one time the singular Macau casino kingpin, has transferred control of STDM/SJM to entities controlled by his family.

http://www.bloomberg.com/news/2011-01-24/casino-billionaire-ho-transfers-holding-in-sjm-s-parent-to-family-members.html

Ho's grip seems to have lessened in recent years as the businessman had ailed in hospital for some time after a fall.

These ownership shifts are interesting, partly because we don't know what changes might be in store but also because one of his daughters, Pansy, is MGM Resorts' business parter in the MGM Grand Macau project. That relationship got the company into some hot water with New Jersey regulators due to her complicated relationship with her father.


Categories: Business of Gaming, Macau Casinos and Hotels


Comments

Read archived comments (6 so far)
January 24, 2011 11:07 AM Posted by mike_ch

"Ho's take control over Ho empire."

January 25, 2011 7:23 AM Posted by Dave

Well it just got more interesting:

http://www.nytimes.com/2011/01/26/business/global/26casino.html

So much for an orderly succession plan.

January 25, 2011 8:24 AM Posted by John

The plot thickens.

http://www.lasvegassun.com/blogs/elsewhere/2011/jan/24/macau-casino-magnate-accuses-family-stealing-empir/

January 26, 2011 5:29 AM Posted by detroit1051

Stanley Ho says dispute settled. Is it?
http://www.businessweek.com/news/2011-01-26/stanley-ho-says-he-transferred-macau-casino-stake.html

January 27, 2011 5:22 PM Posted by detroit1051

This gets curiouser and curiouser.
Ho was "forced" to make video?
http://online.wsj.com/article/SB10001424052748703293204576105251556536240.html?mod=WSJ_business_AsiaNewsBucket

January 30, 2011 9:19 AM Posted by Brian

And when Benny Binion was released from prison on the tax charge, and had to give up his gaming license, He didnt have anything to do with "Daily operations" of the Horseshoe until he died, right?????