HONG KONG – A new alliance has emerged among some of Macau gaming mogul Stanley Ho Hung Sun’s 17 children in the decade-long family battle for his casino empire, and eldest daughter Pansy Ho Chiu King looks the likely victor.
Ho announced in a statement to the Hong Kong Stock Exchange on Wednesday [as reported by The Macau Post Daily on Thursday] that she had joined up with some siblings and the Henry Fok Foundation and would hold a combined 53 percent in Sociedade de Turismo e Diversoes de Macau (STDM), which controls casino operator SJM Holdings. The alliance gives her the upper hand over Angela Leong On Kei, the fourth wife of 97-year-old Ho, and her main – perceived – rival in the battle for control of Macau’s previous casino monopoly concessionaire.
