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October 6, 2009 12:02 am
One senior Macao gaming executive summarises the industry’s explosive growth since 2002 as a journey “from monopoly to oligopoly”.
Mr Ho, who will turn 88 next month , was hospitalised in August after a fall. The health scare reignited speculation about who will inherit the billionaire’s vast commercial empire – especially Sociedade de Turismo e Diversões de Macau, his holding company; casino operator Sociedade de Jogos de Macau; and Shun Tak Holdings, a property and transport conglomerate.
Pansy and Lawrence would have to exit those investments before becoming involved in SJM, where Mr Ho’s fourth wife, Angela Leong, is a director.
Pansy, meanwhile, has the inside track at Shun Tak, where she is managing director.
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