Stanley Ho, the controversial gambling tycoon, has passed away at the age of 98 on May 26, 2020.
A grandnephew of the Eurasian comprador Sir Robert Hotung, Ho was born into one of Hong Kong’s most prominent families of the pre-war era on November 25, 1921. But he made his fortune and forged his formidable reputation in nearby Macao, where beginning in 1961 he was granted the monopoly over the then Portuguese colony’s gambling industry.
Ho’s death comes at a critical juncture for his family’s commercial empire and its flagship company, Sociedade de Turismo e Diversoes de Macau, as it battles a host of keen competitors including companies owned by Steve Wynn and Sheldon Adelson.
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