Jerome Favre/Bloomberg NewsStanley Ho, the patriarch behind the largest gaming empire in Asia, has died at the age of 98. Ho built a casino empire in the Chinese territory of Macau through his flagship firm, SJM Holdings, that helped transform the former Portuguese colony into the world’s biggest gambling hub. The Casino Lisboa, which is operated by SJM Holdings. S3studio/Getty ImagesBefore stepping down as chairman of SJM in 2018, Ho had divided up his empire among his various family members. When the Japanese invaded Hong Kong in 1941, Ho fled to Macau where he made his first fortune smuggling goods into China.

Source: Forbes May 26, 2020 07:49 UTC