Macau casino king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday (May 26) at the age of 98, state broadcaster China Central Television reported.
Known as the "godfather" of Macau casinos, the billionaire was instrumental in turning Macau into a gambling boomtown, with gaming revenue surpassing Las Vegas.
Born in Hong Kong, Ho had four wives and 17 children, and was forced to restructure his business after a legal battle erupted within the family in 2012 over his fortune.
In 2017, Ho stepped down as chairman from his Hong Kong-based conglomerate Shun Tak Holdings with his daughter Pansy Ho succeeding him.
He stepped down from his flagship casino empire SJM Holdings in 2018, and handed over the reins to another daughter Daisy Ho.
Source: CNA/lk
