🤑 Daughter inherits gambling empire with death of Stanley Ho | The Japan Times

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This paves the way for Pansy. Bernstein analyst Vitaly Umansky in a note Tuesday. The company controls ferry and helicopter services between Macao and Hong Kong. Click to enlarge. Educated in the U. Gaming law dictates that a shareholder who holds a 5 percent share or more in one gaming concession is not allowed to hold more than 5 percent in another operator, which means that Pansy will need to step away from MGM China if she consolidates control over SJM. S, she has experience managing casinos as well as insight into the tourism, property and transportation industries of the region via her work at Shun Tak, another family business. Still, Pansy Ho has earned credibility and respect within the industry and the reins are hers to lose, say analysts. Representatives at Shun Tak Holdings Ltd. But his high profile and solo business success has meant that some see him as a dark horse in the family race. That would be a challenge in boom times. None of the other children or three surviving wives have publicly contested the agreement, though investors and analysts remain wary of internal tensions. Outside the hospital in front of cameras and journalists, it was Pansy Ho — the year-old eldest daughter of his second wife — who was given the honor of announcing his passing as they flanked her.

They were also there to send a clear message of unity. Internal maneuvering is also a constant distraction. The casino lost controls tycoon fathered 16 recognized children with four women he considered wives. Sorry, but your browser needs Javascript to use this site.

And with a fractious family held in check only by a delicate balance of power, Ho will need to chart a careful path forward. With the outbreak seemingly curbed in mainland China, Macao and Hong Kong, analysts are hoping that border and visa restrictions will be eased starting next month, followed by a summer recovery. Although the last public family spat over business control was in — Stanley Ho accused family members of trying to take over his stake and sued — other smaller disputes are ongoing. But with casinos now desperate to regain lost ground, competition will be fiercer than ever, and SJM had already been losing market share to more dynamic operators before the pandemic. He hinted that people may underestimate her. He has said he is focused on building his own brand, which is expanding to the Philippines and seeking a resort license in Japan, and stays out of family succession issues.