Stanley Ho's retirement will take effect on June 12 at the end of SJM's annual general meeting, after which he will take on the new title of "chairman emeritus"PHOTO: FORBES.
HONG KONG: Macau gambling tycoon Stanley Ho will step down from his flagship casino empire SJM Holdings, the company said late on Thursday (April 12), as the 96-year-old magnate hands over the reins to his daughter.
Known as the "godfather" of Macau casinos, Ho has been instrumental in turning the former Portuguese colony on China's southern coast into a gambling boomtown, with gaming revenue surpassing Las Vegas.
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