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Stanley Ho – Leaving The Family To Fight Over His Fortune

Without a doubt, Stanley Ho was the Godfather of Macau casinos. Having gone to the island at the end of the Second World War with just $10 in his pocket, he was already a millionaire by the age of twenty thanks to a keen eye for gambling. Interestingly enough, he never gambled himself, claiming that gambling was for the domain of the casinos, not the owners. In 2020, Stanley Ho died. Unfortunately for his huge family of 17 children, by four different women, this makes succession very difficult.

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Stanley Ho Family Bicker Over Lack Of A Will

Everybody loves a story about the super-rich airing their dirty laundry in public. One such family who is famous for always squabbling is that of Stanley Ho. Unfortunately, he recently died and failed to leave a will. In fact, even worse, he didn’t even stipulate on a third-party . According to the latest news reports, the courts in Hong Kong are now looking for an who will try and value the worth of Stanley Ho’s assets. As well as deciding how they should be split up.

It’s worth ing that Stanley Ho had a complete gambling monopoly in King Billy Casino. Not only do they have every casino game under the sun, but also a huge number of live dealer games. You’ll feel as if you were actually in a real casino as you can chat and play with a real person whose your dealer.

Stanley Ho: A Bumpy Succession Process

With all that cash flowing into its coffers, it’s no surprise that Stanley Ho expanded into other businesses. The main one is his shipping empire. This along with his casino ownership made him one of the richest men in Asia at the time. You should note that his holding company, SJM, still operates around 20 casinos via its casino company, STDM. These include one of the most Gran Lisboa.

Stanley Ho finally took a trip to the great casino in the sky at the ripe old age of 98. It’s strange that such an organised and wealthy individual should spend no time during all those years on ensuring a smooth transition of power after his death. After all, he had 17 children from four different wives or “consorts.” With a complicated personal life, his probate was never going to be an easy task. Worst of all was the discovery that Stanley Ho never made a will.

According to recent court documents, his fifth child, Pansy Ho is claiming that the estate of Stanley Ho is worth at least HK$1.72 billion. For some reason, this is a very different sum from that put forward by Angela Ho. She’s his eldest child, and claims a fortune of HK$11 billion. Back in 2018 when Ho finally retired, his estate was valued at HK$50 billion. We’re sure the huge difference between these numbers is part and parcel of their jackpot winning strategies, as their lawyers will be playing the long game for greater fees.

Stanley Ho: Layers Of Lawyers

The international ancy firm, KPMG, has had their name put forward as the by Pansy Ho. But they claim it has been difficult as the family were not necessarily on board. Nevertheless, how to win the jackpot. Just to add some much-needed gasoline to an already burning fire, the lawyers for Angela claim that their client has been frozen out of proceedings.

Sisters Take Control From Ho’s Wife

For many years there were rumours that Pansy was Stanley Ho’s favourite child for succession. In fact, in 2018 when he retired, she replaced him as the chairperson of Shun Tak Holdings. This is a hospitality and real estate development business. It also happens to operate the ferries between Hong Kong and Macau. She also happens to be the chairperson of King Billy Casino online. They have some very tasty jackpots waiting to be won.