Wednesday, October 05, 2022

Stanley Ho funeral brings out the stars


Stanley Ho, Macau’s gambling king, was laid to rest on Friday in Hong Kong amidst stars of the political, business, and entertainment worlds.

Among the pallbearers were Hong Kong Chief Executive Carrie Lam, former Hong Kong Chief Executive Tung Chee-hwa, former Macau Chief Executive Edmund Ho, Central People’s Government Liaison Office in Hong Kong Director Luo Huining.

Funeral wreaths were sent by many others, including Chinese President Xi Jinping.

The ceremony was hosted by Ambrose So and Pansy Ho, as the representative of the family members.

Stanley Ho was the founder of the Sociedade de Turismo e Diversões de Macau (STDM), which held the monopoly on gambling in Macau for four decades from 1962 until 2002. He died in Hong Kong on May 26, aged 98.

His company controls 20 of Macau’s 38 casinos, as well as a string of other business interests that extend his reach into most corners of life in the territory, including the Macau Jockey Club and Shun Tak Holdings, which operates the ferries and hydrofoils shipping gamblers into the territory, as well as a stake in Macau’s international airport.

During his life he amassed a personal fortune of about US$3.1 billion.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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