Pansy Ho Chiu King (pictured), a high-profile shareholder in Macau casino operator MGM China Holdings Ltd, has been honoured by the Macau government for her contribution to the city’s tourism sector.
A Monday announcement made by the Macau government said that Ms Ho was among 44 individuals or organisations recognised by Macau for “achievements, outstanding contributions and distinguished services”.
The award of the “Medal of Merit – Tourism” followed a recommendation from a Macau government committee. Ms Pansy Ho is the only high-profile figure from the Macau casino sector to be among the awardees this year.
She is co-chairperson and executive director of Macau casino licensee MGM China Holdings Ltd, and was instrumental in securing the current Macau gaming rights of MGM China.
She is also the group executive chairman and managing director of Hong Kong-listed shipping and property conglomerate Shun Tak Holdings Ltd – the company that was founded by her father Stanley Ho Hung Sun, a casino gaming magnate and the founder of Macau casino operator SJM Holdings Ltd.
Ms Pansy Ho is additionally a vice-president of the Macao Chamber of Commerce, representing some of the city’s leading business people. She is also known for helping to organise the Global Tourism Economy Forum conference held annually in Macau.
Earlier this month, Ms Pansy Ho gave a speech to a United Nations body, supporting the Hong Kong government’s handling of street protests there.
In 2017 her brother, Lawrence Ho Yau Lung, chairman and chief executive of Macau casino licensee Melco Resorts and Entertainment Ltd, also received the Medal of Merit – Tourism from the Macau government.
Stanley Ho had a business monopoly in the Macau casino market between 1962 and 2002.
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”Our own consensus is that any newcomers to this [junket] sector should be corporatised, and should be financially sound and able to commit a higher guarantee deposit”
Kwok Chi Chung
President of junket trade body, the Macau Association of Gaming and Entertainment Promoters