Stanley Ho, who built Macao’s gambling industry, dies at 98

Stanley Ho, who built Macao’s gambling industry, dies at 98

Stanley Ho, the Macao casino tycoon who was considered the father of modern gambling in China, died Tuesday in Hong Kong, his daughter Pansy Ho said. He was 98. Ho built a casino empire in Macau through his flagship firm, SJM Holdings, valued at about $6 billion, that helped transform the former Portuguese colony into the world’s biggest gambling hub.

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