Stanley Ho
Stanley Ho Hung-sun (born November 25, 1921 in Hong Kong ; † May 26, 2020 there ) was a Chinese entrepreneur from Hong Kong and Macau . According to Forbes magazine in the Greater China Billionaires list , Ho was one of the ten richest Chinese people.
Life
Ho attended Queen's College and began studying at Hong Kong University . In 1942 he fled to Macau from the advancing forces of the Japanese Empire during the Second World War .
In 1962, Ho, together with his brother-in-law Teddy Yip and six other business people in Macau, founded the Sociedade de Turismo e Diversões de Macau (STDM, German: Macau Reise- und Unterhaltungsgesellschaft), a company organized under private law that temporarily held the monopoly on gaming and other activities entertained in the leisure and tourism industry. Stanley Ho initially held 30 percent of the shares, Yip 27 percent. Until 1992 he gradually took over Yips shares. The casinos made Macau attractive to regional tourists. Until the market was liberalized, the STDM generated up to 60 percent of Macau's gross domestic product in a few years. That era ended in 2000 when the Macau Chinese local government reorganized and divided the Macau entertainment industry.
Ho controlled a group with eight casinos, including the Grand Casino Lisboa . In the 1960s, he also owned nine casinos in the Philippines . He gave up these casinos when he came into conflict with the Philippine President. In addition to his casinos, Ho had betting shops in soccer, equestrian sports and dog racing in China.
As a polygamist , he was married to four women and had 17 children. The singer and actress Josie Ho and Pansy Ho are two of his daughters. One of his wives was the politician Angela Leong On Kei ( NUDM ).
In 2003, Ho received the Gold Bauhinia Star from Hong Kong.
Honors
- 1986: Grand Officer of the Order of the Infante Dom Henrique
- 1995: Grand Cross of the Order of Infante Dom Henrique
Web links
- Forbes: Special Report Greater China's 40 Richest January 18, 2007
- Image gallery Macau Casino District
Individual evidence
- ↑ Stanley Ho at Forbes January 18, 2007 (English)
- ^ A b Newman MK Lam, Ian Scott: Gaming, Governance and Public Policy in Macao , Hong Kong University Press, ISBN 978-988-8083-28-2 , p. 23.
- ^ Richard W. Butler, Roslyn Russell: Giants of Tourism , CABI 2010, ISBN 978-1-84593-653-2 , p. 175.
- ↑ Official website Grand Lisboa Macau ( Memento of the original from September 8, 2012 on WebCite ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. March 6, 2011
| personal data | |
|---|---|
| SURNAME | Ho, Stanley |
| ALTERNATIVE NAMES | Ho Hung-sun, Stanley |
| BRIEF DESCRIPTION | Chinese entrepreneur |
| DATE OF BIRTH | November 25, 1921 |
| PLACE OF BIRTH | Hong Kong |
| DATE OF DEATH | May 26, 2020 |
| Place of death | Hong Kong |