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—
People might know better
Pansy Ho
as the child and heir of the deceased
Stanley Ho
, King of Gambling
Hong Kong
.
However, not many people talk and admit how Pansy Ho carved her path to success with blood and sweat.
The owner’s full name is Pansy Catilina Chiu King Ho, born August 26 1962. He is the first child of Hong Kong’s most successful casino businessman Stanley Ho from his marriage to his second wife, Lucina Laam King-ying.
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While still young, Pansy did not immediately go into business and prepared to inherit her father’s business empire.She chose the socialite path and tried her hand at the world of entertainment.
In 1981, Ho met singer Danny Chan Pak-keung in Lan Kwai Fong.Thanks to that meeting, Ho, who was still 19 years old, got the opportunity to enter the world of entertainment.
He made a cameo in the TVB drama entitled
Breakthrough
.Danny Chan is the main actor in the drama.
Even though she has tasted the world of acting, Pansy Ho did not have a career in the entertainment world.Armed with a bachelor’s degree in marketing and business from Santa Clara University, California, Ho chose a career as a businessman.
He founded Occasions in 1987. The South China Morning Post called Occasions the most successful public relations company in Hong Kong.
In the early 1990s, Pansy Ho entered marriage.Even though she was speculated to be dating Danny Chan, Pansy Ho actually married Julian Hui in 1991.
Hui is the grandson of Hui Oi-chow, founder of the Central Development Corporation.Hong Kong better knows him as the Ship King.
Hui and Ho’s wedding was one of the grandest in Hong Kong at that time.They are estimated to have spent HK$20 million to hold a wedding party for three consecutive days.
The marriage did not last long.Hui and Ho divorced in 2000.
The road to becoming a tycoon
After becoming a businessman through Occasions, Pansy Ho began to be trusted by her father to run the family business.Ho entered his father’s business in 1995 as Executive Director of Shun Tak Holdings.
He manages a company that operates in the maritime transportation sector.Shun Tak operates ferries that travel between Hong Kong, Macau, Shenzhen and Zhuhai.
Under Pansy Ho’s leadership, Shun Tak developed as a top company.Shun Tak expanded their operations into the property sector,
hospitality
, and investment.
Pansy Ho was appointed as Managing Director of Shun Tak in 1999. At that time, Macau was returned to China after 442 years under Portuguese rule.
After her success in cultivating Shun Tak, Pansy Ho was trusted to become a high-ranking official in a number of companies.
Some of them are Renita Investments Limited, Oakmount Holdings Limited, Beeston Profits Limited, Air Macau Company Limited, and Macau International Airport Company Limited.
Pansy Ho started entering the casino business through her father’s company, MGM.He has held the position of Director of MGM Grand Paradise Limited since 1 June 2005.
Under Ho’s direction, MGM China formed the MGM Resorts joint venture with billionaire Kirk Kerkorian.In 2011, MGM was listed on the Hong Kong Stock Exchange and raised US$1.5 billion.
Fighting over the legacy of casino dynasties
Stanley Ho built a casino dynasty through Sociedade de Turismo e Diversões de Macau, SA or STDM.For years, Stanley monopolized the gambling industry in Macau as the sole casino licensee.
The STDM monopoly will only falter in 2022 when the Macau Government issues licenses to other companies.Even though there are 41 casinos in Macau, STDM still controls 22 of them.
When Stanley Ho entered his twilight years, the heirs competed to control the dynasty.The Strait Times said there were four camps fighting for power in STDM.
Pansy Ho’s camp became the strongest with the support of the Henry Fok Foundation.They owned 53 percent of STDM shares in 2019.
Then there is Angela Leong’s camp.Leong is the Co-Chairman of SJM, a casino operating company under STDM.He had a close business relationship with Stanley Ho and had the status of a Member of the Macau Legislative Council at that time.
The other two camps are Lawrence Ho and Daisy Ho.Both of them are Stanley Ho’s sons who have built a number of their own businesses.
Stanley Ho passed away on May 26, 2020. He left behind a casino dynasty.
Pansy Ho is the largest shareholder of STDM which oversees the casino operator owned by her late father.In 2023, Pansy Ho officially became Chairperson of MGM China Holdings Limited.
Forbes notes that Pansy Ho’s current wealth is US$4.6 billion or the equivalent of IDR 76.8 trillion (assuming an exchange rate of IDR 16,712 per US dollar).
The 63-year-old woman is ranked the 879th richest person in the world according to Forbes.He is also the 22nd richest person in Hong Kong.
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