Stanley Ho, Who Built Macao’s Gambling Industry, Dies at 98

Casino tycoon Stanley Ho, whose business empire dominated the Portuguese gambling enclave of Macao for decades, has died in Hong Kong at age 98.
Stanley Ho, Who Built Macao’s Gambling Industry, Dies at 98
Macao tycoon Stanley Ho smiles during a party to celebrate his 85th birthday in Hong Kong on Nov. 20, 2006. Vincent Yu/File Photo via AP
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HONG KONG—Casino tycoon Stanley Ho, whose business empire dominated the Portuguese gambling enclave of Macao for decades, has died in Hong Kong at age 98.

Ho was considered as the “godfather of modern gambling” in China, his long and eventful life tracked the ebb and flow of southern China’s fortunes. After a swashbuckling start as a kerosene trader, he ended up as Macau’s richest person, a lavish spender and debonair ballroom dancer.