Stanley Ho
Stanley Ho
Stanley Ho GBM GLM GBS GML OBE, also known as Ho Hung Sun, Stanley Ho Hung Sun, is a Hong Kong and Macanese business magnate. Ho has been nicknamed "The King of Gambling", reflecting the government-granted monopoly he held on the Macau gambling industry for 40 years. In 2011 he was the 13th richest man in Hong Kong with a net worth of US$2 billion. He is also Macau's wealthiest person and amongst the wealthiest in Asia. He owns many...
NationalityChinese
ProfessionEntrepreneur
Date of Birth25 November 1951
CityHong Kong, China
CountryChina
Macau is limited in size and land is expensive, so gaming and leisure development must be more efficient. We follow a very conservative financial strategy.
We have always said that for the projects we look for 65%-35% debt-to-equity. From an equity point of view, we are already fully funded,
Mocha Slots was the primary contributor to our group results with turnover of HK$63 million; with 700 machines we have 25% of the Macau market,
Macau is China's domestic market, ... don't care if you are Chinese, Indian, European, you are supposed to go to the buffet.
I'm confident of this, in spite of all this violence. It's not going to last very long. I think that now that the government has taken action it's going to improve considerably.
We have never heard of laundering in Macau; money laundering is unheard of. Mind you, my casino, every bit of money - someone says Stanley Ho, you issue me a check of so much money - we don't give that easy.
The success of one market model cannot be migrated to another. Ignoring Macau's special characteristics and duplicating a Las Vegas or an Atlantic City would not be a successful strategy.
Even for charity I always give priority to education because I always teach young people - knowledge is your real companion, your life long companion, not fortune. Fortune can disappear.
I don't gamble at all, all my life. I am only interested in sports.
Because I became a refugee in Macau during 1941, we had this war in Hong Kong, I fought for the government as an air raid warden for 15 days. Our government surrendered, Hong Kong Government surrendered, so I took a junk and came to Macau in 16 hours and I was a refugee, so that's why I was so much indebted to Macau.
Macau is democratic and free enough.. it's prosperous enough. Why do people need to do this?.