Ho Oh No!!

2nd Mar 2007

On the other side of the world, in Macau, the war between the Ho family rages on.

Winnie Ho, sister of tycoon Stanley Ho has offered to buy out her brothers stake of a company that controls 16 of Macau's 23 casinos. The company in question, Sociedade de Turismo e Diversoes de Macau. Winnie claims that the company owes her £200 million in dividends from teh last 5 years. She controls about 8% of the company and has filed over 30 law suits against her brother in recent years.

Stanley Ho, the hard nosed tycoon is nicknamed "The King of Gambling" and has a government granted monopoly of gambling in Macau. He is one of the richest men in Asia, worth an estimated £3.3 Billion.