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Stanley Ho: The health of the big boss of Macao worries the stock exchange
Stanley Ho is the uncontested master of casinos, of slot machines and poker tables of Macao since nearly 50 years. This man who started from nothing at his beginning straightforwardly became the big boss of the Chinese city of games. But currently aged of 88 years old, he is in the twilight of his life and he is very weak. He is even, at this moment, in an intensive care. Following a cerebral accident, he comes to undergo an operation of the brain. For the moment, all goes well, but the question which everyone ask is “what will occur if Stanley Ho die?”. “Who will be his heir? ». And the thorniest question is “How the stock exchange will react? ” because the shares of his firm fluctuate with the state of health of Ho. On the 31 casinos operating in Macao, 19 belong to his company, Sociedade de Jogos de Macau (SJM). City of Dreams which opened its doors last June the 1st counts 500 tables of games.
To return to his history, Ho was a businessman with an atypical career. During his childhood, the young Stanley knew abruptly emotional and financial problems. His father had abandoned the family case after a bad stock exchange placement. He also saw his two elder brothers committing suicide because of sudden poverty. But after the leaving of his home, he made the promise to his mother that he will return only as a rich man. And he keeps this promise. For a few years, Stanley Ho has been in war against foreign casinos operators such as Wynn Resorts of Steve Wynn or the Las Vegas Sands of Sheldon which has invests the old Portuguese colony with an immense appetite.
Source: Poker 777
Wednesday, 02 December 2009
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