• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Tributes flow after death of Stanley Ho

May 26, 2020 Newsdesk Latest News, Macau, Special  


Tributes flow after death of Stanley Ho

Reaction came swiftly to the death of Macau casino entrepreneur Stanley Ho Hung Sun (pictured), announced on Tuesday in Hong Kong.

“Even though we knew that this day would come, it doesn’t lessen our unspeakable sadness,” said one of his daughters, Pansy Ho Chiu King.

The co-chairperson and executive director of MGM China Holdings Ltd made the comments to media gathered outside the Hong Kong Sanatorium and Hospital where Mr Stanley Ho had been cared for prior to his death.

Mr Stanley Ho, founder of current Macau operator SJM Holdings Ltd,  had a total of 16 recognised offspring by four consorts. In a joint statement released shortly after his death, the four branches of his family praised him as “a larger-than-life figure whose unparalleled vision, entrepreneurial spirit, resourcefulness and fearlessness were widely-recognised and well-respected.”

Grand Lisboa (pictured), SJM Holdings’ flagship property, turned off its non-essential external lights on Tuesday evening to pay homage to the group’s founder. Its main outdoor video screen carried the message “In loving memory of our founder Dr. Stanley Ho”.

In a letter of condolence to the businessman’s family issued on Tuesday, Macau’s Chief Executive, Ho Iat Seng, said the late entrepreneur had made significant contributions to Macau’s stability and prosperity.

Macau-based lawyer Rui Cunha, one of Mr Stanley Ho’s longest-serving advisors, expressed in a statement “profound sorrow” at his death, noting he had been responsible for several infrastructure projects that contributed to the modernisation of Macau.

Mr Cunha worked with the entrepreneur for more than 30 years. In 2017, the lawyer stepped down from the board of SJM Holdings having been a director of the Hong Kong-listed company since its incorporation in 2006.

Manuel Joaquim das Neves, director of Macau’s casino regulator the Gaming Inspection and Coordination Bureau from 1997 until 2015, and who had worked for the bureau since 1985, told GGRAsia that Mr Ho had been “mentally ready” for the end of his 40-year Macau gaming monopoly that officially happened in 2002.

“Mr Ho was prepared for the competition. He was a person able to adapt,” Mr Neves told us.

The businessman had been of “paramount importance to Macau’s recent history, and on this I think everyone would agree,” Mr Neves added. “Much of the development in Macau would not have happened without him.”

Luiz Lam worked in a security role for Mr Ho’s original casino monopoly, Sociedade de Turismo e Diversões de Macao SA (STDM) from 1989 until 1996. Since then he has been in the Macau junket sector. Mr Lam is currently a director at Macau junket trade body the Association of Gaming and Entertainment Promoters.

He told GGRAsia that Mr Ho had been “clever” in making sure the “interests and profits involved” in casino junket operations were “evenly spread amongst the different parties, some of which had a triad background”.

Mr Lam said that as a boss, the late businessman was “humorous and gentlemanly, humble and kind to workers, even if you were an employee of mid or lower tier”.

The casino veteran added: “He was a man with a good memory. At some private dinners, when he saw you he would always remember your name and came over to greet you.”

The leader of the Hong Kong government also reacted to the death of Mr Stanley Ho. Chief Executive Carrie Lam Cheng Yuet-ngor said he had been an influential figure in Hong Kong and Macau, with a wide range of contributions to education and charitable causes.

Francis Lui Yiu Tung, vice-chairman of Macau casino operator Galaxy Entertainment Group Ltd, told Hong Kong broadcaster TVB that Macau had lost a “well-respected figure”.

Vasco Rocha Vieira, the last governor of Portuguese-administered Macau up to the time of the city’s handover to China in 1999, told Portuguese news agency Lusa that Mr Stanley Ho’s presence in Macau had “marked an era” in the development of the city

“I remember an intelligent, versatile man, pleasant to deal with, respectful of his status and his skills,” said Mr Rocha Vieira, as quoted by the news agency. He added that the businessman had not only supported several infrastructure projects before the handover of Macau, but also contributed to several social causes in the city.

(Updated 10.45am, May 27)


  • tweet
Related articles
  • Londoner Macao pulls in foreigners and Chinese: LVS CEO
    Londoner Macao pulls in foreigners and...

    May 25, 2023  

  • SJM Holdings CEO Ambrose So to retire in June
    SJM Holdings CEO Ambrose So to retire...

    Apr 28, 2023  

More news
  • Lam Yi Young resigns as deputy CEO Resorts World Sentosa
    Lam Yi Young resigns as deputy CEO...

    Jun 02, 2023  

  • China stimulus package could benefit Macau stocks: CBRE
    China stimulus package could benefit...

    Jun 02, 2023  


Latest News

Lam Yi Young resigns as deputy CEO Resorts World Sentosa

Lam Yi Young resigns as deputy CEO Resorts World Sentosa

Jun 02, 2023  

Genting Singapore Ltd says Lam Yi Young has resigned from his role as deputy chief executive of Resorts World at Sentosa Pte Ltd. The latter firm is an indirect wholly owned subsidiary of Genting...
Read More
China stimulus package could benefit Macau stocks: CBRE

China stimulus package could benefit Macau stocks: CBRE

Jun 02, 2023  

G2E Asia 2023: Singapore

  • Alfastreet’s new Verso cabinet heading to Asian markets
    Alfastreet’s new Verso cabinet heading to Asian markets

    Jun 01, 2023  

    Alfastreet, a manufacturer of electronic gaming machines,...
  • Sega Sammy Creation growing land-based, eyes online
    Sega Sammy Creation growing land-based, eyes online

    Jun 01, 2023  

    Casino equipment maker Sega Sammy Creation Inc is tweaking...
  • iGaming growing in Asia, ops tackling challenges: Uplatform
    iGaming growing in Asia, ops tackling challenges: Uplatform

    Jun 01, 2023  

    The iGaming segment in Asia “has grown rapidly” since...
  • ‘See before you play’ slot marketing tool, say tech suppliers
    ‘See before you play’ slot marketing tool, say tech...

    May 31, 2023  

    Showing slot machine players – via animations on the...
  • Macau stocks tied to China outlook: Bloomberg analyst
    Macau stocks tied to China outlook: Bloomberg analyst

    May 31, 2023  

    Macau stocks in likelihood “have been punished too much...
  • Investors still eye possible fresh IR locations in Japan: scholar
    Investors still eye possible fresh IR locations in Japan:...

    May 31, 2023  

    There are foreign companies still interested in investing...
  • Thai casino law possible in 2024, IR in 2030: govt adviser
    Thai casino law possible in 2024, IR in 2030: govt adviser

    May 31, 2023  

    Thailand could pass the necessary enabling legislation for...
  • China still ‘critical’ to Asian markets: G2E Asia panel
    China still ‘critical’ to Asian markets: G2E Asia panel

    May 30, 2023  

    China will remain a key market for Asian gaming...
  • Much interest in state casinos sale, says Pagcor boss Tengco
    Much interest in state casinos sale, says Pagcor boss

    May 30, 2023  

    Alejandro Tengco (pictured in a file photo), chairman and...
  • Gaming industry in for a very exciting period: Bill Miller
    Gaming industry in for a very exciting period: Bill Miller

    May 30, 2023  

    There are “plenty of reasons” for the global gaming...
  • IGT flags route to high-performing games for Asia
    IGT flags route to high-performing games for Asia

    May 30, 2023  

    Gaming equipment provider International Game Technology Plc...
  • G2E Singapore trade show, conference begins today
    G2E Singapore trade show, conference begins today

    May 30, 2023  

    The Global Gaming Expo (G2E) Asia 2023 Special Edition:...
  • Novomatic’s Black Edition II cabinets at G2E in Singapore
    Novomatic’s Black Edition II cabinets at G2E in Singapore

    May 29, 2023  

    Austria-based gaming equipment maker and operator Novomatic...
  • Uplatform to show latest iGaming products at G2E Singapore
    Uplatform to show latest iGaming products at G2E Singapore

    May 25, 2023  

    Sports betting and online casino operating platform...
  • L&W ambition to be No1 in Asia well on its way: SVP gaming
    L&W ambition to be No1 in Asia well on its way: SVP...

    May 24, 2023  

    The business performance in Asia of gaming content and...
  • G2E Singapore expecting 6k visitors, 100+ exhibitors
    G2E Singapore expecting 6k visitors, 100+ exhibitors

    May 18, 2023  

    The organisers of Global Gaming Expo (G2E) Asia 2023...
  • ‘Dragon Unleashed’ slot link by L&W at G2E in Singapore
    ‘Dragon Unleashed’ slot link by L&W at G2E in...

    May 17, 2023  

    Gaming content and equipment supplier Light & Wonder...
  • Sega Sammy Creation new multi-ETG at G2E in Singapore
    Sega Sammy Creation new multi-ETG at G2E in Singapore

    May 16, 2023  

    Casino equipment maker Sega Sammy Creation Inc is to...
  • Aristocrat at G2E Asia in Singapore previews Year of Dragon
    Aristocrat at G2E Asia in Singapore previews Year of Dragon

    May 09, 2023  

    Casino slot machine and digital gaming content provider...
  • IGT ‘Prosperity’ link in Asia show debut G2E in Singapore
    IGT ‘Prosperity’ link in Asia show debut G2E in...

    May 05, 2023  

    The Global Gaming Expo (G2E) Asia event in Singapore is the...
  • Thai parliament adviser on casinos attending G2E Singapore
    Thai parliament adviser on casinos attending G2E Singapore

    May 04, 2023  

    An adviser to a Thailand parliamentary committee mulling...

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$8.1 billion

Macau’s casino gross gaming revenue in the five months to May 31



Most Popular

  • Lam Yi Young resigns as deputy CEO Resorts World SentosaLam Yi Young resigns as deputy CEO Resorts World Sentosa June 2, 2023
  • MBS en route to US$500mln quarterly EBITDA: LVS bossMBS en route to US$500mln quarterly EBITDA: LVS boss June 1, 2023
  • China stimulus package could benefit Macau stocks: CBREChina stimulus package could benefit Macau stocks: CBRE June 2, 2023

Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us