As a rich man who started as a casino, SJM Holdings is the core asset of Mr. Ho. From 196 1, Mr. He won the exclusive franchise of Macau casinos in one fell swoop, and monopolized gambling rights for 40 years, gradually consolidating his position as the "gambling king".
However, Macau Tourism and Entertainment Co., Ltd., the controlling party of SJM Holdings, is more complicated and huge. It established Esch toril Gambling Company, Portugal's largest gambling operator, which operates three casinos. Since 20 15 years, the net profit of Australian Entertainment's gambling business in Portugal has been rising continuously under the condition that the total gambling revenue is stable. The net profit of 20 17 years is 20 million euros.
Extended data:
Stanley Ho distributed more than 500 billion wealth.
Among the four wives of the gambling king, the original wife was seriously ill for many years and died young. His children He Youguang and He successively died. The other two daughters did not participate in the inheritance of the gambling king's core wealth. Chen Wanzhen and his children are also very low-key. The fiercest competition for wealth inheritance is Fannie Mae and Freddie Mac.
The second wife, Lan Qiongying, has five sons, four daughters and one son. Except He Chaoyi, the youngest daughter, who is obsessed with the entertainment circle and has no intention of competing for property, all the other four children live in the shadow of their father. In particular, the eldest daughter He Chaoqiong, the second daughter He Chaofeng and the son He Youlong all inherited their father's business talents.
Now, Mr. Stanley Ho has handed over the management rights of several core enterprises to his children. So far, the three people who took over have performed quite well. However, the equity relationship of listed companies, especially SJM and Shun Tak Group, is relatively complicated, and several wives hold different shares in it. After the death of the gambling king, whether this huge family can be peaceful in the face of huge property and interests still needs to be questioned.