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Macau's 'King of Gambling'

Jun 01, 2020 - The Independent UK

Stanley Ho, a one-time kerosene trader who built a casino empire in Macau that propelled the Chinese island past Las Vegas as the world's biggest gambling hub, has died at the age of 98, members of his family said.

Known as the "King of Gambling", Ho dominated gaming in the former Portuguese colony after winning a monopoly licence in 1961. His SJM Holdings Ltd flourished as China's economic opening created a flood of new wealth in a country with a passion for gambling. SJM now controls 20 ...