Macau gambling tycoon Stanley Ho has announced his retirement from his flagship company SJM.
Known as the “godfather” of Macau casinos, 96-year-old Ho was instrumental in turning the city into a gambling boomtown, with gaming revenue surpassing Las Vegas.
Ho is the great-nephew of one of Asia's first tycoons, Robert Hotung, among Hong Kong's wealthiest individuals at the turn of the 20th century and an influential Eurasian businessman and philanthropist.
Ho made his fortune smuggling luxury goods into China from Macau during World War II, before securing the only gaming licence in the then-Portuguese colony in 1962.
