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Stanley Ho in hospital

Veteran Macau gaming tycoon Stanley Ho has undergone brain surgery in Hong Kong and is in intensive care, local media reported on Tuesday, as stocks in his flagship gaming firm dipped on the news.
The 87-year-old was taken to a Hong Kong hospital last week after falling and hurting his head during a family gathering, the Apple Daily newspaper reported.

Sometimes known as the godfather of gambling, Ho, a patriarch of mixed European and Chinese parentage, heads an extended clan of 17 children born to his four wives.

Some of Ho's relatives were photographed visiting him at the private Adventist Hospital on Hong Kong island.

Shares in Ho's gaming flagship, Sociedade de Jogos de Macau (SJM) Holdings (0880.HK) were five percent lower in early trading, lagging other Macau-linked gaming sector stocks which have rebounded strongly of late.

SJM gave no immediate comment on Ho's condition when contacted by Reuters.

Analysts have said the succession of Ho's vast business holdings could be problematic given his extended family and simmering family feuds including a bitter court battle with his sister Winnie who delayed SJM's Hong Kong listing last year.

Ho was worth $8 billion last year, according to Forbes magazine, making him the world's 113th wealthiest individual, but his wealth took a big hit from the financial crisis and dwindled to just $1 billion this February according to Forbes.

One of his daughters, Josie Ho, has forged a career as an Asian film star known for risque roles, while another daughter, Pansy Ho, who helps run part of Ho's corporate empire and Macau's MGM Grand, is seen as one of Asia's most powerful businesswomen.

www.reuters.com
hope the Godfather gets fine soon. Macau needs him.
 

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Whether Macau needs him or not is for another discussion, the reality is the guy is almost 90, when someone at that sort of age goes into hospital for any sort of surgery, I am affraid even if he makes it this time, he is not going to last too much longer.

My bet is he will not be around to see Macau's 10th anniversery, so you better get yourself ready for it.

When it does happen, maybe we will all be treated to the kind of family drama as the "little sweetie" case in HK, get comfortable and watch on.

lastly, no one is irreplacible, and I am not too sure whether it is a case of Macau needs him or he/his family needs Macau.

Don't be too sad, time will heel.
 

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Tycoon to leave huge hole in the city he built
15 August 2009
The Australian

AS Stanley Ho, the 87-year-old billionaire gambling tycoon, remains in hospital in Hong Kong after surgery to remove a clot on the brain, there are questions about what his uncertain succession could mean for Macau and its complex relationship with China.

The colourful Ho dominated the $18billion Macau casino industry for 40 years until it was opened up to competition in 2002. Led by the flagship Grand Lisboa, his interests still account for 30 per cent of the industry in the city, the only part of China that has legalised casino gambling.

Thousands of mainland Chinese flock across the border from Zhuhai or fly in from other parts of the country to gamble in Macau, which has become an officially sanctioned outlet for the hot money of China and an unofficial centre of financial transactions with North Korea.

With four ``wives'', 17 children, an angry sister and a string of lieutenants, co-investors and business associates, there are concerns that when Ho dies, the stability that has derived from his godfather-like role in Macau could come under threat.

With no clear successor for Ho's $10billion international empire, Macau residents are bracing themselves for a soap opera-style scramble for control of his assets, which cover almost every aspect of daily living in Macau, from casinos and property to transport, the airport and Air Macau.

Ho has been involved in bitter court cases with his sister Winnie, who still holds a key stake in the empire, in which he revealed publicly the family secret that her husband was not the father of her son.

While he has lost his monopoly grip on the casino industry in Macau, Ho has also played a role in attempting to foster co-operation between the six casino licence-holders, which include a joint venture between James Packer and Ho's oldest living son, 32-year-old Lawrence Ho.

Some have also dared to speculate about whether the end of the Stanley Ho era in Macau could see a return to some of the bad old days of standover activities and violence in the city.

Now a Special Administrative Region of China, along the lines of Hong Kong, Macau comes under the watchful eye of Beijing. A new Beijing-sanctioned chief executive, Fernando Chui, a member of a wealthy Macau family and an old friend of Ho, is due to take over in December -- the first change of leader since Macau's return to Chinese rule in 1999.

Ho has had strong links with the leaders in Beijing where he has a seat on the Chinese People's Political Consultative Conference and his comments on issues of the day in Macau are given considerable weight.

His ambitious fourth wife, Angela Leong, is an elected member of the Macau legislative body. While Lawrence is Stanley's oldest son, his older sister Pansy, 45, has been running one arm of the family business, Shun Tak, which has interests in property and the fast ferries between Hong Kong and Macau.

Many have seen her as the heir apparent for the family business, while others speculate that Leong, who is in her late 40s, might also be keen to have a greater say in the running of the empire.

Lawrence Ho has set up his own Hong Kong-listed company, Melco, and has been at pains to set himself up as an businessman in his own right. Under Macau law no one can control two casino licences, so Lawrence would not be able to take over his father's licence in the city.

As with many members of the Ho family, it is not clear how much Lawrence would stand to benefit from his father's estate.

Although the eldest son has the status in Chinese families, the situation is vastly different from that of the Packer family where James Packer automatically stepped into his father's shoes.

Once Ho dies, his three living wives are expected to battle for the empire. Pansy has her own casino licence as part of a joint venture with US operator MGM Grand.

The rapid expansion of the Macau casino business in recent years, with the introduction of more Western-style casinos and hotels, has attracted many workers from Australia, including executives from Packer's Crown group, poker machine company Aristocrat Leisure, construction company Leighton, and others working in areas of food, services as well as horse and dog racing.

Airline Viva Macau operates services three times a week between Sydney and Macau.

Stanley Ho, who attracted attention recently for his donations to the NSW Labor Party and has property on the Gold Coast, lives in Hong Kong and is a director of more than 150 companies around the world.

His business interests stretch from China to Africa to Portugal and North Korea as well as Macau and Australia. Buyers for Ho are regular attendees at the horse saleyards of Sydney and the Gold Coast while Australians in the racing industry in Hong Kong work closely with him.

Ho's colourful reputation and allegations of links with organised crime (which he has denied) have counted against him in his moves to enter the casino industry in Australia and around the world. Yet Ho has been a force for stability in Macau.

He was recently behind the negotiation of an agreement to put a cap on commissions paid by casino operators in Macau, heading off a situation where operators were bidding against each other to attract junket operators and high-roller gamblers to their premises.

The rapid expansion of Macau in recent years has led to local concern about rising prices and an influx of foreign workers, which has prompted unease among locals.

There has also been concern that the city's best and the brightest are lured away from their studies to work as croupiers.

Beijing would be concerned at any unrest or outbreak of crime in the city, which now hosts more than 10 million visitors from China a year. Chinese officials have already sought to restrict visas to the city, concerned at the potential for visitors to lose their hard-earned money.

Ho's passing, when it happens, will leave a power vacuum in the region that many different interests may scramble to fill.
 

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The future - what future

What are the future plans with Adelson? I am interested in HereAndThere's views on this.
As per very interesting article posted above;
He was recently behind the negotiation of an agreement to put a cap on commissions paid by casino operators in Macau, heading off a situation where operators were bidding against each other...

They also had a sit-down to agree on new developments, splitting the pie, slicing the cake, etc.

When the old dons of Las Vegas passed away, the corporations moved in. Will be interesting to see if that happen here.

Still no news on Mr Ho's condition?
 

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Discussion Starter · #9 ·
No. We heard a lot of gossips over here but nothing really solid comes out. A lot of speculation coming from Hong Kong. Alas just SJM tops and the family knows what is really going on. Many people fear the worst.
 

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macautripping says Dr Ho has passed away

??????????

http://www.macautripping.com/tripping/post.php?p=374

We've been hearing very loud rumblings, officially unconfirmed, that Dr. Stanley Ho has died this week.

The eighty-nine-year-old Father of Macau gambling had been in intensive care at Hong Kong Adventist Hospital since undergoing an operation to remove a blood clot in his brain after sustaining a fall seven weeks ago.

One of our sources suggests that the announcement of Dr. Ho's death is being held until after Macau's government elections on September 20th.
 

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Is the blog correct !! ??? !!!

It implies he's died a few days ago.
Surely it must be wrong. Today Shun Tak announced plans to raise HKD1.55bn via convertible bond. If he's dead, they surely wouldn't announce this bond plan at this moment ??

Anyway, missed this news, and bot some more Macau gaming shares today. If I knew, may have held off.
But interesting Shun Tak off 6.69%, Galaxy off $5.2% (despite good results....tho had almost 100% run up past month so this maybe factored in...(someone must've known good results somehow, its outperformance vs Melco seems uncannily accurate), Melco off 4%, SJM off 3.15%.
 

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If Stanley Ho isn't there, there is likely at least a short term drop in the share price.
So today price did dip, but not by much, and not surprising given run-up recently in all Macau stocks.

Secondly, doubt if a major bond issue can go ahead without informing those buying who is in charge....
 

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They don't need to have the same market cap, but investors do compare on relative market cap, my believe is if Wynn pulls it off, investors would think the other gambling shares should be worth more.

But it is Ok for you to think otherwise, maybe you should buy put options on gambling shares right now, for me I am not going to bet again trend.
 
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