HONG KONG (Bloomberg) - A new alliance has emerged among some of billionaire Stanley Ho's 17 children in the decade-long family battle for his Macau casino empire, and eldest daughter Pansy looks the likely victor.
Pansy Ho announced that she had joined up with some siblings and the Henry Fok Foundation and would hold a combined 53 per cent in Sociedade de Turismo e Diversoes de Macau, which controls casino operator SJM Holdings. The alliance gives her the upper hand over Angela Leong, the fourth wife of 97-year-old Stanley Ho, and her main rival in the battle for control of Macau's original gaming company.
