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  • Beijing Review

    PEOPLE & POINTS

    Jun 04, 2020 3 minutes

    MACAO CASINO MOGUL PASSES AWAY AT 98

    Stanley Ho Hung-sun, Macao casino patriarch, died in Hong Kong Special Administrative Region on May 26 at the age of 98.

    He dominated the gaming industry in Macao Special Administrative Region after winning a monopoly license in 1961. As the business expanded, Ho achieved great success in gaming, air transportation, real estate, shipping, banking and tourism. SJM Holdings, which he founded in 2002, now controls 20 casinos and three hotels in Macao.

    The renowned businessman was one of the first entrepreneurs to invest in the Chinese mainland in the 1970s. Ho served as a member of the Standing Committee of

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