Stanley Ho is officially retiring<\/a>. At the company’s annual meeting, he was formally removed from his positions as chairman and executive director of the board.<\/p>\nHo is replaced by his daughter Daisy Ho Chiu Fung. Stanley’s new title is now SJM Holdings chairman emeritus.<\/p>\n
Named the “king of gambling,” SJM said in a statement that “Ho has justifiably been acknowledged as the founding father of Macau’s gaming industry. The board expresses its sincere gratitude to Dr. Ho for his invaluable contributions in building a solid foundation for the company’s continuing growth in the future.”<\/p>\n","protected":false},"excerpt":{"rendered":"
SJM Holdings hopes its first casino resort on the Cotai Strip will turnaround the Macau casino giant’s dwindling market share in Macau. SJM is the casino empire of recently retired billionaire Stanley Ho, who controlled a gambling monopoly on Macau for decades, until 2002 when the territory was returned from Portugal to the People’s Republic […]<\/p>\n","protected":false},"author":25,"featured_media":80760,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
SJM Holdings Betting Cotai Casino Will Reverse Downward Spiral<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n