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

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Known as the “King of Gambling,” the dashing billionaire and bon vivant secured a four-decade monopoly on casinos in Macao.

The Associated Press

Ho was born on Nov. 25, 1921, into the Hotung family, one of Hong Kong’s wealthiest and most powerful. When he was 13, his father abandoned the family after being wiped out by a stock market crash during the Great Depression. In 1948, Ho married Clementina Leitao, daughter of a prominent lawyer in Macao with ties to Portugal and to Macao high society, connections that may have helped him win the casino monopoly in 1962. About the same time, Ho married Lucina Laam under a Qing dynasty code allowing men to take multiple wives that Hong Kong outlawed in 1971.

The new players brought slick offerings to compete with SJM’s nearly two dozen no-frills casinos, but Ho's group waited years to build its own lavish megaresort. In 2009, Ho had brain surgery after reportedly falling at home. He spent seven months in the hospital and was rarely seen in public afterward, usually in a wheelchair.

 

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May he rest in peace

98's a good long run

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Stanley Ho, who built Macao's gambling industry, dies at 98Stanley Ho, considered the father of modern gambling in China, has died at 98. The richest tycoon in the former Portuguese territory of Macao was also an accomplished ballroom dancer and had 17 children. 17 kids? RIP to a real Ho I ain't no Ho! God bless, you randy bugger.... 😁 I put the over/under on children at 125
Source: AP - 🏆 728. / 51 Read more »