Company: SJM Holdings
Family Name: Ho
Given Name: Stanley
Role: Chairman Emeritus
Profile: Born into the powerful Ho-Tung clan in Hong Kong, in 1962 Ho gained monopoly rights to Macau’s gambling business, which he and his family would keep for the next forty years. After the Macau government opened the gambling industry to competition in 2002, Ho’s SJM remained a major force, though its market share steadily declined. In 2018 at age 96 he finally retired from an active role in business, although his many children such as Pansy, Daisy, and Lawrence remain key figures in Macau’s gambling industry.
Monopoly in Malaysia. Monopoly in the five boroughs of New York. Duopoly in Singapore. Oligopoly in Manila. What is there not to like? Sure, Genting has had its fair share of misses, but they are easily forgiven in the light of the big scores on the board.
SJM Holdings Chair and Executive Director Daisy Ho gave the opening address at the G2E Asia gaming show on Tuesday, predicting a bright future for Macau as an integral part of China’s Greater Bay Area plan.
SJM Holdings Executive Director Angela Leong last week said that since SJM Holdings will become the last gaming operator to open a property in Cotai, the company will be aiming to provide differentiated offerings from its competitors.
Last Wednesday night, an alliance was formed between Shun Tak Holdings, a company owned by Stanley Ho, Fok Foundation, and three parties controlled by Pansy Ho with the aim of “advancing fundamental objectives” in relation to the STDM Group, and SJM Holdings.
Macau Theme Park and Resorts Limited has unveiled plans for an HK$5 billion (US$637 million) integrated resort concept, Lisboeta, reviving an entertainment project that had been left dormant for eight years, local media reports.
Hong Kong-based Alphaslot, which is currently in the middle of their pre-sale token offering, may have a model that can link the online and offline worlds.
Stanley Ho, known as the King of Gambling, has formally retired from his post as chairman of SJM Holdings, ending a near six-decade career in Macau’s gambling industry.