Read also Casino tycoon Stanley Ho's daughter makes stunning debut in Paris The billionaire monopolised the gaming industry untilwhen the government introduced foreign investors, sparking a boom which saw casino takings contribute around 80 per cent of the city's annual revenue.
In Augusthe underwent brain surgery to remove a blood clot after falling and hitting his head, according to news reports. Email HONG KONG AP - As three "wives" and 16 children of macau casino tycoon Stanley Ho grasp for control of his casino fortune, the veneer of professionalism has peeled from his business empire, one of many family-run companies facing succession time bombs in this southern Chinese entrepot.
Ho denied any ties and has never been charged.
Mr Ho is the great-nephew of one of Asia's first tycoons, Robert Hotung, who was among Hong Kong's wealthiest individuals at the turn of the 20th century. The rival branches of the billionaire's family are now publicly feuding over control of his casinos and a collection of businesses that run everything from the ferries connecting Hong Kong and Macau to department stores, hotels, Macau's airport and its horse- and dog-racing tracks.
Action Winner Holdings Ltd, wholly owned by third wife, Ina, holding The enclave grew from a seedy, colonial outpost administered by corrupt Portuguese administrators into a modern, Chinese-run gambling powerhouse that has overtaken Las Vegas. A flurry of claims and counterclaims by family factions ensued.
Tradition dictates that Ho give the family of his first wife a greater share of the estate, said Zheng, who added that it appeared as if the families of the second and third wives were plotting to claim a bigger share. In his twilight, Ho appears an increasingly tragic figure, but some believe the succession battle may be the casino king's one last power play.
Hong Kong outlawed the practice in He made his fortune smuggling luxury goods into China from Macau during World War II, before securing the only gaming licence in the then-Portuguese colony in Daisy Ho, his daughter, will take over as chairman and executive director, while his fourth wife Angela Leong and Timothy Fok, son of Stanley Ho's former business partner Henry Fok, will be appointed co-chairmen and executive directors.
The family of Nan Fung Group founder Chen Din-hwa has been squabbling over his company, which has interests in property, textiles and shipping.
At one point, Ho was wheeled out in a chair by his third wife, Chan, to read a halting statement on Hong Kong television declaring the dispute had been settled. He stepped down as chairman from his Hong Kong-based conglomerate Shun Tak Holdings last year with his daughter Pansy Ho succeeding him.
The two British Virgin Islands companies were also named in the writ. In Ho's case, there is a lot to fight over: For seven months Ho was confined to the Hong Kong Adventist Hospital and, later, the Hong Kong Sanatorium and Hospitalmaking only one public appearance on 20 Decemberwhen he travelled to Macau to meet Chinese president Hu Jintao on the occasion of the 10th anniversary of Macau's return to Chinese sovereignty.
He often danced for televised charity fundraisers and has sponsored numerous dance performances in Hong Kong and Macau, including the Hong Kong Arts Festival and the Macau Arts Festival, promoting the art of dance.
Though his illnesses have left him a facsimile of his former flamboyant self, Ho's business rise has paralleled the fortunes of Macau.