Macau's Stanley Ho - King of Gambling
Stanley Ho (in the Westernized form of his hame; Ho Hung-sun as his romanized traditional Chinese name, and sometimes Stanley Ho Hung-sun; born November 25, 1921 in Hong Kong) is a famous entrepreneur in Hong Kong and Macau.
Stanley Ho is the wealthiest person in Macau, and one of the wealthiest in Asia. According to Forbes.com, he ranked 303rd among the world's richest people in 2003.
He owns many properties in both Hong Kong and Macau and has taken part in many kinds of business including entertainment, tourism, shipping, real estate, banking, air transportation.
Stanley Ho's holdings are estimated at US$1.1 billion, and his net worth is $1.4 billion as of 2003.
As to his businesses:
- Incomes constitute about one-third of the gross domestic product of Macau;
- In 2003, taxes on them accounted for about 30% of the Macau government's revenue;
- Collectively the largest corporate employer in Macau, with more than 10 thousands employees (a quarter of Macau's population).
Stanley Ho is sometimes nicknamed "The King of Gambling", reflecting his control of the gambling industry in Macau for over 35 years, and his ownership of 8 casinos, with Casino Lisboa being Macau's most famous casino.
Despite advanced age, he remains active as of 2004 in social activities such as charity events. Apart from Hong Kong and Macau, he has also invested in North Korea, Vietnam and the Philippines.
Furthermore, 30 years before, Stanley Ho had owned 9 casinos in the Philippines, however, due to conflicts with the president, Ho stopped his business there.
Stanley Ho is also a famous industrialist and entrepreneur in Asia, who held a number of important positions in many firms in Hong Kong and Macau.
He usually announces his opinions about Hong Kong's estate and commercial development, and it has certain influence on the market.
From Wikipedia, the free encyclopedia.
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