Home / Business and Economy / Macau Gambling King Stanley Ho Dies at 98
Macau Gambling King Stanley Ho Dies at 98
19 Oct
Summary
- Stanley Ho, Macau's gambling impresario, passed away at 98.
- He held a four-decade monopoly, transforming Macau's casinos.
- Ho's empire spanned global investments and philanthropy.
Stanley Ho, widely regarded as the father of modern gambling in China, passed away in Hong Kong at the age of 98. Ho, a charismatic figure, held a four-decade monopoly on Macau's casinos, a period during which he steered the region's gaming industry to surpass Las Vegas in revenue.
Born in Hong Kong in 1921, Ho's early life saw him flee to Macau during World War II, where he began his ascent by smuggling goods. By 1961, he secured a monopoly for Macau's gambling franchise, building an empire that continued to prosper even after Macau's return to Chinese control.
Ho's business acumen extended beyond casinos, encompassing global investments and philanthropy. Despite alleged, unproven links to triad societies, he was also recognized as a patriotic entrepreneur. His passing leaves behind a complex legacy and a sprawling family empire.
