Two Way Hard Three | Las Vegas Casino & Design Blog

September 17, 2009

SJM's Stanley Ho Dead? [Probably Not]

Posted by Hunter

MacauTripping is reporting that Dr. Stanley Ho, Macanese gaming pioneer and leader of SJM may have died. Reports are as yet unconfirmed but if it is true would no doubt have a major impact on the gaming industry in that region.

http://www.macautripping.com/tripping/post.php?p=374&src=rss

From what I have read, the path of succession for SJM is not clear - who will take over the company? Ho had many children, including those that are in relationships with foreign companies like MGM Mirage and PBL. Could Pansy Ho take over SJM? Can't imagine New Jersey regulators would love that, given their concern over alleged SJM activities in the past.

Update: So, it appears that Dr. Ho is alive and well - this rumor is unfounded as far as we can tell.


Categories: Business of Gaming, Macau Casinos and Hotels


Comments

Read archived comments (2 so far)
September 18, 2009 6:05 AM Posted by detroit1051

At age 87, I'm sure there is a succession plan, but when families are involved, it may not go as smoothly as this article says:
"Stanley Ho has done a great job of grooming several of his family members with an understanding of business, relationships, and the strategic partnerships necessary to carry the business forward," Jonathan Galaviz, a partner at Las Vegas-based consulting firm Globalysis told AFP.
"SJM now has a significant management depth, that if Dr. Ho were to retire the company would certainly remain as a company with significant influence in the Asian marketplace," he added."
http://news.ph.msn.com/lifestyle/article.aspx?cp-documentid=3581299#toolbar

October 8, 2009 4:57 AM Posted by RAM

Assume that he has his "house" in order as businesses have been split already between wives and children and shareholders.
Also hope he has settled future plans with Adelson.