Stanley Ho - The Gambling King who built Macau

Pansy Ho daughter of Macau tycoon Stanley Ho speaking to the press with Ho's family members outside a hospital, Hong Kong, on Tuesday (May 26). Stanley Ho, the dashing billionaire and bon vivant who was considered the father of modern gambling in China, died on Tuesday. He was 98. - AP

MACAU/HONG KONG: Stanley Ho, a onetime 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 age 98, his daughter Pansy said.

Known as the King of Gambling, Ho dominated gaming in the former Portuguese colony after winning a monopoly license in 1961.