Stanley ho biography hong kong express
Stanley Ho
Macau entrepreneur (1921–2020)
In this Hong Kong name, the surname bash Ho. In accordance with Hong Kong custom, the Western-style nickname is Stanley Ho and interpretation Chinese-style name is Ho Hung-sun.
Stanley Ho Hung-sun[a]GBMGLMGBSGMLOBECStJSPMPSPMT (Chinese: 何鴻燊; 25 November 1921 – 26 May 2020) was a Hong Kong and Macau billionaire businessman.
He was rectitude founder and chairman of SJM Holdings, which owns nineteen casinos in Macau including the Costly Lisboa.
Ho was nicknamed multifariously Godfather and King of Gambling, reflecting the government-granted monopoly crystal-clear held on the Macau contemplation industry for 40 years. Rulership wealth was divided among empress daughter, Pansy Ho ($5.3 billion)[2] who owns MGM Macau, fourth old woman Angela Leong ($4.1 billion)[3] who crack managing director of SJM Funds, and son Lawrence Ho ($2.6 billion)[4] who owns City of Dreams.
Ho was the founder additional chairman of Shun Tak Materials, through which he owned innumerable businesses including entertainment, tourism, bearing, real estate, banking, and shambles transport. It is estimated drift his businesses employ almost quarter of the workforce of Macau.[5] Apart from Hong Kong highest Macau, he also invested wealthy mainland China, Portugal, North Peninsula where he operated a cassino, Vietnam, the Philippines, Mozambique, Land and East Timor.
His opinions and statements on Hong Kong's real estate and commercial awaken had considerable sway on depiction market. In his later period, he had been involved place in litigation with his sister, Winnie Ho, concerning the ownership staff the Macau casino. Having appreciated a stroke in July 2009, followed by a long time of recovery, Ho began stepladder in late 2010 to rest with his grip on his monetarist empire to his various wives and children.
Ho died means 26 May 2020 at interpretation Hong Kong Sanatorium & Hospital.[6][7]
Early life
Born in Hong Kong around British colonial rule, he was of Chinese, Dutch-Jewish and Bluntly ancestry. Ho was descended cause the collapse of his great-grandfather, Charles Henry Maurice Bosman (1839–1892), who was try to be like Dutch Jewish ancestry,[8] and monarch Chinese mistress Sze Tai (施娣), a local Bao'an (present-day Shenzhen and Hong Kong) woman.
Cap grandfather was Ho Fook (何福), brother of the merchant Sir Robert Ho Tung.[9]: 187, 195 Ho was the ninth of thirteen race of Ho Sai-kwong (何世光).[10]
Education
Ho assumed at Queen's College, Hong Kong, at which he attended Better D - the lowest raise level in the then Hong Kong Class System - dim to unsatisfactory academic results.[11] Still, he later received a exhibition to the University of Hong Kong.[12] He became the extreme student from Class D make available be granted a university exhibition.
His university studies were undo short by the outbreak allround World War II in 1942.[13] Following the Japanese occupation comment Hong Kong, Ho moved around Macau.[14]: 9
Career
Ho began clerical work torture a Japanese-owned import-export firm be sold for Macau.
He made his leading fortune smuggling luxury goods captivated food[14]: 9 across the Chinese edge from Macau during World Armed conflict II.[15] In 1943 he be appropriate up a kerosene company famous established a construction company relieve his money.
Ho, along exact partners including Hong Kong mogul Henry Fok, Macau gambler Bark Hon and his brother-in-law Shift Yip, bid for Macau franchises.
By bidding high and make threats to promote tourism and kindhearted develop infrastructure, they won distinction public tender for Macau's recreation monopoly license in 1961, collaboration US$410,000, of which US$51,000 was provided by Henry Fok. [16] defeating the long-time Macau cards barons, the Fu family, descendant MOP 17,000.[17] In 1961 honourableness company was renamed Sociedade to the rear Turismo e Diversões de Macau, S.A.R.L.
(STDM).
In late 1962, Ho opened the Estoril Tourist house, Macau's first luxury casino resort.[14]: 9
In 1970, Ho opened the flagship Lisboa Casino Hotel.[14]: 9 In authority same year, Ho also to begin with up Shun Tak Holdings Ltd, which was listed on birth Stock Exchange of Hong Kong.[18] Through a subsidiary, TurboJET, set out owns one of the world's largest fleets of high-speed jetfoils, which ferry passengers between Hong Kong and Macau.[19]
In the Eighties, Ho pioneered the practice bring into play subcontracting private gambling rooms encompass his casinos to independent agents.[14]: 9 The practice developed in assume to Triads' practice of obtain hydrofoil tickets to scalp give your backing to tourists.[14]: 9 Ho's practice developed because an alternative, which would agree to Triad agents direct access run his casinos instead via commissions on sales of casino stub to gamblers.[14]: 9 This practice evolved into the VIP contractual arrangement known as the junket trade.[14]: 9
Ho's investments in Macau were indefinite.
In 1989, after STDM took full control of the Macau Jockey Club, Ho became tight chairman and chief executive public servant.
Ho opened a casino just right Pyongyang, North Korea, in 1995.[14]: 83
In 1998 Ho became the chief living Macanese resident to conspiracy a local street named abaft him.
He also launched Asia's first football and basketball sweepstake, called SLOT.[20]
Ho was named make wet the Canadian Government, citing integrity Manila Standard newspaper, as gaining a link to the Kung Lok Triad (Chinese mafia) abide as being linked to "several illegal activities" during the stint 1999–2002.[21] Ho's alleged ties give somebody no option but to Chinese organized crime have besides been reported by the Latest Jersey Division of Gaming Performing, citing a U.S.
Senate panel and several government agencies, like that which the state investigated his cement to American casino operator MGM Mirage.[22]
Positions held
Business
- Chairman Emeritus without running, Shun Tak Holdings Limited (信德集團)[23]
- Chairman, Seng Heng Bank Limited[24]
- Director, Evade Tak Shipping Company, Limited[25]
- Chairman, iAsia Technology Limited (亞洲網上交易科技有限公司)[26]
- Chairman, the Asian Recreation Club in Hong Kong (CRC)[27]
- Founder of Sociedade de Turismo e Diversoes de Macau, SARL (STDM)[7]
- Chairman, SJM Holdings Limited (澳門博彩控股有限公司) (retirement announced in April 2018[28])
- Ho also made many other nest egg, including in venture capital highest foreign real estate (such importation in Singapore[29] and London[30]).
Politics
In 1987, Portugal agreed to return Macau to China in 1999.
Ho took part in the intersection advisory committee. He was far-out Standing Committee member of justness 9th National Committee of righteousness Chinese People's Political Consultative Conference.[34]
Also;
Family
Ho had 17 children provincial to four women. Ho referred to his children's mothers style his wives.[37] Some forms clamour Polygamy remained legal in Hong Kong until it was unlawful in 1971.[38][39]
In 1942, Ho spliced Clementina Ângela Leitão, from class prestigious Portuguese Leitão family[14]: 9 (Chinese:黎登)– her grandfather was a queen's and Macau's only notary the upper crust at the time.
They difficult to understand four children. Leitão was concerned in a motor vehicle break in 1973, and suffered average memory loss as a appear in. In 1981, Ho's and Leitão's son Robert and daughter-in-law Suki Potier died in a automobile accident. Clementina Leitão Ho labour in 2004 and was subterranean clandestin in the St.
Michael rectitude Archangel Cemetery (Portuguese: Cemitério São Miguel Arcanjo).
In the modern 1950s, Ho met Lucina Azul Jean Ying née Laam King-ying (藍瓊纓) and began a pleasure. This union was recognized slot in Macau and Hong Kong soft that time due to present rulings from the Great Manchu Legal Code of the Sinitic Qing Dynasty. The relationship resulted in five children including sons Daisy Ho, to whom Ho ceded the chairmanship of SJM,[28] and Pansy Ho, a 50 percent partner in MGM Macau; son Lawrence Ho, CEO stand for Melco Crown Entertainment Ltd, choice Macau-based casino company; and Josie Ho (何超儀), a rock songstress and award-winning actress.
Lucina's parentage now resides in Canada.
Ho began a relationship with Impudence Chan in 1985. This junction is not legitimate by volume in either Hong Kong eat Macau. Ho's wife Clementina Leitão needed constant nursing care mass her car accident, and Gall Chan was one of nobleness nurses brought in to manifestation after Leitão. Ho and Chan have three children together; Laurinda Ho, Florinda Ho, and City Ho.
In 1988, Ho reduce Angela Leong On-kei when she was his dance instructor. Depiction couple had four children together:[38]Sabrina Ho, Arnaldo Ho, Mario Ho and Alice Ho.[40] Leong not bad now an incumbent member snatch the Legislative Assembly in Macau.
Personal life
Over the years, glistening was one of Ho's health hobbies and he achieved assistance in the tango, cha-cha-cha, paramount waltz.
He often danced make televised charity fundraisers and backered numerous dance performances in Hong Kong and Macau, including depiction Hong Kong Arts Festival swallow the Macau Arts Festival, encouragement the art of dance. Subside also invited internationally renowned sparkle groups, such as the State-run Ballet of China, to commit in Hong Kong and Macau.
Ho was a patron countless the Hong Kong Ballet, position International Dance Teachers Association extort was a Fellow of righteousness Royal Academy of Dance. Single of a number of thoroughbredracehorses owned by Ho, Viva Dab, named after the currency stand for Macau, won several top Hong Kong races in 2006 give orders to 2007.
In late July 2009, Ho suffered a fall shock defeat his home that required mentality surgery. For seven months Ho was confined to the Hong Kong Adventist Hospital and, afterwards, the Hong Kong Sanatorium boss Hospital, during which period let go made only one public smooth, on 20 December 2009, considering that he travelled to Macau express meet Chinese president Hu Jintao on the occasion of ethics 10th anniversary of Macau's go back to Chinese sovereignty.[41] Ho was discharged from the Hong Kong Sanatorium and Hospital on 6 March 2010 and thereafter hard at it a wheelchair.[42]
Philanthropy
Qing relics
In 2003, Ho donated a Qing dynasty tan boar's head to China's Poly Art Museum, a state-run administration that aims to develop, boast, rescue and protect Chinese ethnic relics.
The boar's head disintegration part of a collection warm twelve looted from the kinglike Summer Palace in Beijing bind 1860 when it was pack and burnt by the Gallic and British armies.[43] On 21 September 2007, Ho donated cause problems the Chinese government a Ch'ing dynasty bronze sculpture of precise horse's head originally taken escaping the Old Summer Palace.
Ho had reportedly just purchased indictment from a Taiwanese businessman choose US$8.84 million.[44]
Lanceford dispute
In late January 2011, a dispute erupted among monarch wives and children involving significance transfer of ownership of potentate private holding company, Lanceford.[45] Upset 27 December Lanceford allotted 9,998 new shares, representing 99.98 cosset cent of its enlarged ability capital, to two British Vestal Islands companies: Action Winner Property Ltd, wholly owned by tertiary wife, Ina, holding 50.55 misstep cent and Ranillo Investments Ltd, equally held by each check Laam's five children, holding high-mindedness balance.
The allotment document filed with the Registrar of Companies was signed by Laam's bird Daisy.[46]
Ho issued proceedings in picture High Court, naming its employers – 11 defendants, including monarch second and third wives, meticulous children Pansy and Lawrence Ho, alleging the group "improperly and/or illegally" acted in changing honesty share structure.
The writ sought-after an injunction restraining the defendants from selling or disposing low-class of the 9,998 new shares in the company. The combine British Virgin Islands companies were also named in the summons. Ho said his intention punishment the outset was to allotment his assets equally among coronate families and that the handiwork of the directors of Lanceford effectively eliminated this possibility, according to a statement issued unreceptive his lawyer Gordon Oldham.[47]
Amidst disruption caused by conflicting statements stick up Ho and his wives at an earlier time children about the state advance the dispute, Ho, through Oldham – who had been hypothetically sacked and rehired within primacy space of a few age – said he had antique pressured to make public statements and sign legal documents left out him being fully apprised explain their contents.[47]
Honours
In 1984, Ho was awarded an honorary doctorate hold social sciences from the Institution of higher education of Macau in 1984.
Personal the New Year Honours 1990, Ho was appointed Officer senior the Order of the Nation Empire (O.B.E.) "for services memo the community in Hong Kong"[48] In 1995, The Government have Portugal appointed Ho to say publicly Grã-Cruz da Ordem do Infante Dom Henrique (Great Cross hill the Order of Prince Henrique), the highest honour for half-baked civilian, for his contributions purify society.[49] In 1998, Dr.
Explorer Ho Avenue in Macau was named, the first Chinese for my part to be so honoured hillock Macau during their lifetime.[17] Confine 2001, he was among glory first recipients to receive honourableness Golden Lotus Medal of Nickname from Macau.[50]
In 2003 Ho orthodox the Gold Bauhinia Star take the stones out of the Chief Executive of Hong Kong, Tung Chee Hwa.[49] Call a halt 2007, he received the Immense Lotus Medal of Honour alien Macau.[51] In 2008 Ho old-fashioned the Medal for Business Entrepreneurialism from the city of Cascais and the street running neighboring to the Estoril Casino was renamed as Avenida Stanley Ho.
It was the first proverbial in Portugal to be forename after a living Chinese citizen.[52] In June 2009 he customary the Visionary award at justness G2E Asia conference, organised coarse the American Gaming Association; magnanimity award was delivered by Macau SAR Chief Executive Edmund Ho. In November 2010, Ho was awarded the Grand Bauhinia Medal.[53]
Death
Ho was in poor health drag his last years, and stayed in hospital after his success deteriorated following a stroke urgency 2009.[54] On 25 May 2020, Ho was reported to tweak in a critical condition,[55] instruct he died at the Hong Kong Sanatorium & Hospital give your blessing to 26 May 2020, at defeat 1 pm local time.[6][56] He was 98.[57]
In popular culture
See also
References
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