Macau gambling king Stanley Ho dies aged 98

FILE PHOTO: Macau tycoon Stanley Ho celebrates his 85th birthday during a ceremony, in which he donated HK$2.5 million ($320,510) to a charity, in Hong Kong November 20,2006. REUTERS/Bobby Yip/File Photo

HONG KONG (Reuters) - Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died peacefully at the age of 98, his family confirmed on Tuesday.

The flamboyant tycoon, who loved to dance and advised his nearest and dearest to shun gambling, headed one of the world's most lucrative gaming businesses through his flagship firm, SJM Holdings Ltd <0880.HK>, valued at about $6 billion.