Stanley Ho - King of Gambling passes away

Stanley Ho – King of Gambling passes away

The 98-year-old will forever be remembered for his gaming monopoly in Macau under Sociedade de Turismo e Diversões de Macau (STDM) exclusive concession until 2001 and seen as the godfather of gambling in Macau, Ho lived a colourful personal life and left his mark as being the man who dominated the city’s casino empire for four decades.

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Melco Macau Based Casino is in trouble

The stock has underperformed the market with a 47% decline year-to-date compared to a 16% decline in the S&P 500. Melco is set to continue underperforming the market as mainland China imposes strict travel measures, this time including visitors entering its borders from special administrative regions like Macau and Hong Kong.

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