DACH Supersonic April 14, 2018 Share April 14, 2018 'Godfather' of Macau casinos Stanley Ho to retire Daisy Ho takes over as chairman and exec director; Angela Leong and Timothy Fok appointed co-chairmen and exec directors https://www.businesstimes.com.sg/consumer/godfather-of-macau-casinos-stanley-ho-to-retire MACAU gambling tycoon Stanley Ho will step down from his flagship casino empire SJM Holdings, the company said late on Thursday, as the 96-year-old magnate hands over the reins to his daughter. Known as the "godfather" of Macau casinos, Mr Ho has been instrumental in turning the former Portuguese colony on China's southern coast into a gambling boomtown, with gaming revenue surpassing Las Vegas. His retirement will take effect on June 12 at the end of SJM's annual general meeting, after which he will take on the new title of "chairman emeritus", the company said. Daisy Ho, his daughter, will take over as chairman and executive director, while his fourth wife, Angela Leong, and Timothy Fok, son of Stanley Ho's former business partner Henry Fok, will be appointed co-chairmen and executive directors. Gaming revenues in Macau were hit hard by a corruption crackdown launched by China's President Xi Jinping in 2012, but SJM is trying to lure visitors back to Macau with the sprawling new Grand Lisboa Palace complex, reportedly due to open in 2019. Mr Ho is the great-nephew of one of Asia's first tycoons, Robert Hotung, who was among Hong Kong's wealthiest individuals at the turn of the 20th century. He made his fortune smuggling luxury goods into China from Macau during World War II, before securing the only gaming licence in the then-Portuguese colony in 1962. The billionaire monopolised the gaming industry until 2002, when the government introduced foreign investors, sparking a boom which saw casino takings contribute around 80 per cent of the city's annual revenue. He stepped down as chairman from his Hong Kong-based conglomerate Shun Tak Holdings last year with his daughter Pansy Ho succeeding him. ↡ Advertisement Link to post Share on other sites More sharing options...
ER-3682 Twincharged April 14, 2018 Share April 14, 2018 Super Rich Man that take the best Ginseng everyday,to keep him alive. 1 Link to post Share on other sites More sharing options...
Lala81 Hypersonic April 14, 2018 Share April 14, 2018 96... 1 Link to post Share on other sites More sharing options...
Jman888 Moderator April 14, 2018 Share April 14, 2018 96...Heard few years ago he was quite sick, spent ten of thousands daily taking some TCM Link to post Share on other sites More sharing options...
Lala81 Hypersonic April 14, 2018 Share April 14, 2018 Heard few years ago he was quite sick, spent ten of thousands daily taking some TCM if consuming cordyceps and american ginseng, sky is the limit i guess. yeah few k per day is sup sup sui... last time cordyceps is a few hundred, now is a few thousand for the same weight. Link to post Share on other sites More sharing options...
Ender Hypersonic April 14, 2018 Share April 14, 2018 Money can buy health and longevity wor..They are not exclusive as what those fake moral stories make it out to be. Link to post Share on other sites More sharing options...
Mustank Hypersonic April 14, 2018 Share April 14, 2018 96...Yeah....., 1 Link to post Share on other sites More sharing options...
DACH Supersonic April 14, 2018 Author Share April 14, 2018 Yeah....., Yeah what? Link to post Share on other sites More sharing options...
Scion Turbocharged April 14, 2018 Share April 14, 2018 urban legend has it that lao lee dun want him to invest in Singapore's integration resort aka casino projects back then? Link to post Share on other sites More sharing options...
F355 Turbocharged April 14, 2018 Share April 14, 2018 He once quoted : " The easiest way to make money from a casino is to own one . " 1 Link to post Share on other sites More sharing options...
Roh96 6th Gear April 14, 2018 Share April 14, 2018 Money can buy health and longevity wor..They are not exclusive as what those fake moral stories make it out to be.No matter how wealthy or powerful a person is, he/she is still going to die one day. And there is no way the person can bring his wealth or power with him. 1 Link to post Share on other sites More sharing options...
Ct3833 Supersonic April 14, 2018 Share April 14, 2018 No matter how wealthy or powerful a person is, he/she is still going to die one day. And there is no way the person can bring his wealth or power with him. yah, heard that he is rich, but too far, too rich, am unable to relate. Link to post Share on other sites More sharing options...
Angcheek Hypersonic April 14, 2018 Share April 14, 2018 Yeah what? Yeah yeah papaya ... 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic April 14, 2018 Share April 14, 2018 Yeah what? Nothing nothing Ripe old age lah 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic April 14, 2018 Share April 14, 2018 yah, heard that he is rich, but too far, too rich, am unable to relate. 2 Link to post Share on other sites More sharing options...
kdash Supersonic April 14, 2018 Share April 14, 2018 Nothing nothing Ripe old age lah 1 Link to post Share on other sites More sharing options...
BanCoe Hypersonic April 14, 2018 Share April 14, 2018 Nothing nothing Ripe old age lah For you 69 is the limit ; for him 69 must have been a piece of cake 1 Link to post Share on other sites More sharing options...
13177 Supersonic April 14, 2018 Share April 14, 2018 Heard few years ago he was quite sick, spent ten of thousands daily taking some TCM What TCM so powerful? ↡ Advertisement Link to post Share on other sites More sharing options...
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