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Asian Casino Magnate Stanley Ho Recovering Nicely

Written by:

Jagajeet Chiba

Published on:

Dec/09/2009

Macau casino magnate Stanley Ho, who has been hospitalized for the past four months, is likely to be discharged shortly.

"Hopefully, some time soon he can come out of the hospital," Ho's son Lawrence, 32, told the China Daily. "It's been a few months since his accident. He had two pretty big surgical operations." The son didn't specify what the surgery was for.

Ho, 88, controls SJM Holdings Ltd, the casino operator with the biggest market share in Macao. His daughter Patsy now oversees much of the empire.

Reports of the elder Ho having a stroke were said to be unfounded. Initial reports suggested that Stanley Ho underwent brain surgery.

Ho's four-decade casino monopoly in Macao ended after the government in 2001 accepted bids for rival operators.

Ho has fathered 17 children by four women over his lifetime.

Jagajeet Chiba, Gambling911.com

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