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Gambling Tycoon Stanley Ho Retires

Niji Ng

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Stanley Ho. Photo credits: Apple Daily
Reading Time: 3 minutes

Stanley Ho, the legendary gambling tycoon of Hong Kong has retired from his position as chairman and executive director of SJM Holdings. He called it a day of his long career yesterday. The 96-year-old’s career has influenced and even shaped the gambling industry in Hong Kong and Macau.

Although Ho has not been actively involved with SJM these days and his public appearances have become increasingly rarer due to falling health, he is still called  “The King of Gambling” In these parts, especially Macau.

But while Ho’s retirement marks the symbolic end of an era for Macau, for the Ho dynasty it’s the beginning of another chapter, with Daisy Ho stepping into her father’s shoes at the helm of SJM. Ho’s daughter will be facing heavy competition from players like Sheldon Adelson and Lui Che Woo as she seeks to restore SJM’s crown as the top casino operator in Macau.

Rising To The Top

The great-nephew of Sir Robert Hotung, a prominent early 20th-century Hong Kong businessman and philanthropist who held the distinction of being the first Chinese person to live on the city’s prestigious Victoria Peak, Ho is perhaps one of the more enigmatic of Hong Kong’s 20th-century tycoons. Born into affluence and privilege, Ho would experience poverty by the time he was in his teens as the Great Depression of the 1930s decimated his family’s fortunes, before the Japanese invasion forced him to flee his native Hong Kong for Macau in 1941.

Ho made his fortune over the next 20 years as a trader, establishing a reputation as a bold opportunist – a temperament that made him perfect for the casino industry. His decisive roll of the dice came in 1962, when he led a consortium that secured Macau’s sole gaming licence from the government, thus beginning a highly successful 40-year monopoly that lasted until 2002, when the territory opened up its gambling trade to foreign casino operators such as Las Vegas tycoons Sheldon Adelson and Steve Wynn.

As well as a string of casinos – including the Lisboa, which was Macau’s most lavish attraction when it opened in 1970, and the towering Grand Lisboa, which opened in 2007 – Ho’s empire also encompasses Hong Kong-based Shun Tak Holdings, which is involved in shipping, property, hospitality and investments. He stepped down as chairman of Shun Tak in June 2017.

Ho’s Legacy

A keen ballroom dancer, Ho demonstrated an irresistible swagger in both his business and personal life during the latter half of the 20th century. He calls four different women his wives, and fathered at least 17 children, three of whom will now sit at the helm of companies that account for half of Macau’s six gaming licences. While Daisy Ho will follow in her father’s footsteps as chairperson of SJM, Pansy Ho, who succeeded her father as chairperson of Shun Tak Holdings, has an estimated personal fortune of $5.3 billion, according to Forbes. She’s also the co-chairperson and executive director of MGM China Holdings. Lawrence Ho, meanwhile, is chairman and CEO of Melco International, which owns and operates City of Dreams, Studio City and Altira Macau.

Daisy will be taking up the reins of SJM following a tumultuous few years for casino operators in Macau. Chinese President Xi Jinping’s crackdown on corruption deterred high rollers from the mainland and sent revenues tumbling, although the territory has been on the mend more recently, with the Gaming Inspection and Co-ordination Bureau announcing year-on-year growth of around 20 per cent in the first quarter of 2018.

Appointed executive director of SJM in June 2017, Daisy has also served as deputy managing director and CFO of Shun Tak Holdings since 1999. Her leadership of SJM will be shared with Angela Leong, her father’s fourth consort, and Timothy Fok, son of Stanley Ho’s former business partner Henry Fok, who have been named co-chairpersons and executive directors. It’s a succession plan that follows a dispute in 2011 when family members engaged in a power struggle over control of Ho’s empire for several months.

As the chairperson of the Hong Kong Ballet, Daisy will no doubt wish to sidestep any further such troubles as SJM prepares to carry on the legacy of the man who made Macau dance to his tune for more than half a century. 

 

Source: Forbes

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Chinese police arrests 23 for online gambling

Niji Ng

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Chinese police arrests 23 for online gambling
Photo Credit: Pixabay
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In an online-gambling cracking spree that is continuing even after the football World Cup, Police in China’s Jiangsu Province have arrested 23 people in connection with illegal online betting. The betting racket allegedly dealt with money over 4.2 billion yuan (626 million U.S. dollars).

The police seised 33 servers and more than 40 mobile phones and froze 65 bank accounts.

Police acted after an advertisement for an online gambling website caught their attention. The probe revealed the existence of an online gambling gang, spreading across ten provinces and regions in China and with technical support in the Philippines. The case is under further investigation.

 

Source: xinhuanet.com

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Indian Rummy Challenge, 2018 Bedazzled With Success at Deltin Royale, Goa

George Miller

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Indian Rummy Challenge, 2018 Bedazzled With Success at Deltin Royale, Goa
Photo Credits: indianrummychallenge.com
Reading Time: 3 minutes

BENGALURU, July 20, 2018  — Adda52 Rummy, owned by Gaussian Networks Pvt Ltd., India’s leading online rummy website, organised rummy players across the country to play the India’s most-anticipated live rummy tournament –India Rummy Challenge, 2018, which bedazzled Indian rummy players.

Indian Rummy Challenge, 2018 – India’s biggest live offline rummy tournament was held on 14th and 15th July, 2018 aboard Deltin Royale Casino in Goa.

The player who secured the first place and captured the title of Indian Rummy Challenge, 2018 tournament Champion is Prakash Raja who took home Rs. 15 Lac first place prize. The runner-up of the tournament is Yandluri Sreenivasulu who won the 2nd prize worth Rs. 5 Lac.

The July edition of IRC was promised to be bigger than ever, and that’s what it was. This spectacular event is certainly more successful than all the previous editions as it drew in a record-breaking 130 entries from all over India. The field was comprised of players from all walks of life including professional and non-professional players who participated in this grand event to win their share from Rs. 25 Lac prize pool.

The tournament is organized by India’s leading online rummy website – Adda52 Rummy, owned by Gaussian Networks Pvt. Ltd. The tournament took place at Deltin Royale – a luxurious floating cruise casino in Goa.

The Main Event participants were selected through Indian Rummy Challenge satellites. Adda52 Rummy hosted multiple daily satellite tournaments for its users. The top finishers then participated in the online Daily Qualifier tournament and the winners received the ticket to IRC Main Event.

As an alternative, the website also provided the option to take a direct entry to the Daily Qualifier tournament with Rs. 2500 entry fee for the users.

The Final Table

After four rounds of relentless battle, six players managed to reach the final table of the Main Event. Everyone played their best game but it was Prakash Raja whose persistence and patience finally paid off and he managed to outlast all the fellow participants.

Cash prizes are awarded to all six finishers.

Final table results:

  • Prakash Raja – 15 Lac
  • Yandluri Sreenivasulu – 5 Lac
  • Madhu Sudana – 2 Lac
  • Raghav Nisana – 1.5 Lac
  • Siva Shankar Medida – 1 Lac
  • Arun Kumar Davendra Gohil50K

As per Binand Sethumadhavan, the Chief Operating Officer of Adda52 Rummy, “We received an overwhelming response from the rummy community across India for conducting Indian rummy challenge. All I tell my online players at Adda52 Rummy, is there is a lot more to come keep playing, keep winning.”

 

About Adda52 Rummy:

Adda52 Rummy is one of the few rummy websites in India which are committed to providing international standard rummy playing experience to the users. Since its launch, the website is consistently getting ranked in the top 10 on Google on searching ‘India’s Best Rummy Website’. Other than exciting rummy online cash games and tournaments, the website hosts satellites and qualifier tournaments for major live rummy events where players can participate with minimal buy-in and win an enormous variety of prizes.

Adda52 Rummy App is also available which one can download on their smartphones to play rummy games anytime and anywhere.

Indian Rummy Challenge has established itself as one of India’s most prestigious offline rummy tournaments. What makes IRC so special is that it provides rummy fanatics the opportunity to pit their skills against some of the country’s best rummy players. It is one-of-a-kind tournament which offers a mammoth guaranteed prize pool along with the chance to play rummy at India’s largest offshore casino-Deltin Royale in Goa.

IRC’s last edition was held in December 2017 aboard Deltin Royale where Mr. Vikesh Divakaran bagged the first prize worth Rs. 10 Lac. The 2nd finisher was Mr. Rajasekhara Reddy won the 2nd cash prize worth Rs. 5,00,000.

We hope that the success of Prakash Raja at Indian Rummy Challenge tournament motivate more Indian gaming enthusiasts to join this highly entertaining game to experience the adrenaline-rush and fun involved in it and bring home plethora of wonderful prizes.

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HOGO Partners With Japan IR Association For Executive Education Programs

George Miller

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HOGO Partners With Japan IR Association For Executive Education Programs
Photo Credits: Shutterstock
Reading Time: 2 minutes

Tokyo, July 20, 2018 (Friday): The Japan IR Association (JIRA) and marketing firm HOGO have announced a formal partnership that will see them working together on Japanese IR education initiatives including the expansion of the previously launched “Executive Tour” program. The tours will continue with a focus on Macau but include new destinations for executives to visit including Saipan.

The partnership agreement comes as the Japan IR Bill inches closer to completion and implementation. Operators and government officials alike have long stated that a significant aspect of IR development will include public education. HOGO, having previously launched the Executive Tour program in May 2018, will now work with JIRA to further the program’s awareness and attract relevant executives and Japanese industry specialists to visit and study integrated resorts across a variety of destinations. In both Macau and Saipan, this will include meetings with relevant executives, procurement teams, and even government organizations such as tourism bureaus and regulators to further grasp a holistic view of the integrated resort industry.

Chris Wieners, Managing Partner of HOGO, stated: “We are excited to announce this formal partnership with JIRA. As an association, they are able to further promote relevant initiatives to their membership base here in Japan. We plan on working with them on a variety of IR education and event-focused initiatives to further enhance the general public’s opinion and attitude towards the integrated resort industry.”

Ayako Nakayama, CEO of JIRA, stated: “We are happy to launch into a formal partnership with HOGO on the development of the Executive Tour program and other future initiatives. The association’s goal continues to focus on education as well as creating opportunities for Japanese entities in this new industry. We plan on announcing a variety of additional Japan-wide initiatives focused on private sector and community awareness in the coming months – it is a very exciting time for us!”

The next Executive Tour is scheduled in Saipan during the week of August 20th, with a Macau tour to be held in mid-September. The tours will be offered quarterly to Japanese executives and members of the Japan IR Association.

About HOGO

HOGO is a marketing strategy and corporate communications company that focuses on the hospitality, gaming and entertainment industries. Based in Macau, the agency has offices in Hong Kong, Vietnam, Thailand, Cambodia and most recently, Japan. Focused on creative marketing and strategic vision, HOGO works with clients to further develop and build their brands throughout Asia Pacific.

Website: www.hogodigital.com

Dojima AXIS Bldg., 4F-Synth | 2-2-28 Dojimahama, Kita-ku, Osaka, Japan 530-0004 | japan@hogodigital.com

 

About JIRA (Japan IR Association)

The Japan IR Association is focused on uniting all industries and organizations related to the Japan IR development. JIRA will accelerate and support the IR industry through the development of membership by both Japanese and international companies. Their main activities include the support of business facilitation between members, the development of social welfare initiatives related to the IR industry and the association of international organizations to enhance the Japan IR industry overall.

Website: http://japan-ir.or.jp

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