Tag Archives: Stanley Ho
Hong Kong – Stanley Ho, the man who built Macau’s casino sector, dies aged 98
Stanley Ho, the man who built the Macau casino industry, has died at the age of 98 at the Hong Kong Sanatorium Hospital. Mr. Ho founded SJM Holdings, valued at around $6bn, and held a monopoly for casino gaming in Macau until 2002 when the enclave licensed five other operators to operate casinos. Stanley Ho’s…
Australia – NSW Authority to investigate Crown’s links to Stanley Ho
NSW Independent Liquor and Gaming Authority is launching an inquiry into Crown Resort’s Barangaroo licence concerning the sale of shares in Crown Resorts from James Packer’s CPH Crown Holdings Pty Limited to Lawrence Ho’s Melco Resorts & Entertainment. The deal was confirmed by Crown in a Media Release dated 31 May 2019. Reports out of…
China – Stanley Ho to step down as Chairman of SJM
The ‘founding father’ of Macau’s casino industry, Dr Stanley Ho, will step down from his role as Chairman and Executive Director of SJM Holdings in June. SJM, who once held the monopolistic rights to operate casinos in Macau has seen its market share slip to 16.1 per cent in 2017 following the opening of the…
Australia – Stanley Ho persona non grata with Crown
A request by Australian MP, John Kaye, to make public documents relating to the James Packer’s Crown Resorts’ licence application for the Barangaroo casino project, has revealed that to secure the licence Mr. Packer had to agree not to “associate with organised crime figure Stanley Ho.” Crown had to explicitly agree to have nothing to do…
