According to a report from the Reuters news service citing a Friday filing with the Hong Kong Stock Exchange, 95-year-old Ho is set to assume the title of Chairman Emeritus for Shun Tak Holdings Limited, which has interests in property, shipping, and investment businesses while additionally owning Macau casino operator SJM Holdings Limited.
Ho has reportedly served on the board of Shun Tak Holdings Limited for 44 years but began decentralizing his vast business empire, which encompasses interests in China, Portugal, North Korea, Vietnam, the Philippines, Mozambique, Indonesia and East Timor, after suffering a stroke in 2009. He has had four wives and 16 children and is one of Asia’s richest men with an estimated personal fortune of approximately US$ 2 billion.
One of only six concessionaires authorized to operate casino games in Macau, SJM Holdings Limited is responsible for 19 gambling properties in the former Portuguese enclave including Casino Oceanus at Jai Alai, Grand Lisboa Macau, Babylon Casino, L’Arc Macau and Casino Golden Dragon while some of its licenses have been sub-let to firms including MGM China Holdings Limited for its MGM Macau venue.
Source: GMB / World Casino Directory
