The world of gambling in Hong Kong and Macau was in a state of shock on Tuesday. This is because the headline read, Macau’s Godfather of Gambling and billionaire, Stanley Ho Dies at the age of 98. According to one of his daughters, Pansy Ho, the gambling tycoon died in his sleep.
While Mr. Ho made many accomplishments in his lifetime, he is best known for transforming Macau into a gambling hub. Furthermore, he held many gambling titles like the “King of Gambling” and the father of modern gambling in China.
Stanley Ho Dies at the Age of 98 after Living a Full Life
According to sports betting websites, Ho was a dashing billionaire who held a 40-years gambling monopoly in Macau. In addition, he was Hong Kong’s richest resident who was not afraid to spend money in a lavish manner.
Stanley Ho was the father of 17 children who he had with four different women. Furthermore, his family was often in the news in the past year because of squabbles of his empire. While most of his fortune came from gambling, he also had stakes in many other industries. Some of these businesses include ferries and helicopters connecting Hong Kong and Macau as well as department stores. Furthermore, he also had several hotels, Macao’s airport and even horse racing tracks.
An interesting fact is that Ho did not gamble himself in casinos. In fact, he did not go on the casino floors unless he had to. He said that he does not gamble at all because he does not have the patience. Furthermore, he once said “Don’t expect to make money in gambling. This is because he knew that the betting odds are always in favor of the house. Thus, he said “It’s a house game. It’s for the house”.
Today, his empire still dominates the gambling industry in Macau despite the advances of online casinos and foreign gambling companies.
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