Truth really is stranger than fiction. Local media has been all abuzz about Stanley Ho, the famous polygamist and Macau casino tycoon, because the families of his second and third wives have teamed up to strip him of his billion dollar company and divide it up even before he is is even dead! The two wives apparently got him to sign something without his realizing it (yes, that’s why you have to actually read the fine print), that gave them his shares in SJM, which owns 20 casinos in Macau, including his flagship Lisboa. Ho has been in better health–he was released from a seven-month stay in a hospital last March. According to his lawyer, he wanted to divide assets equally among families of his four wives and so is now suing his two wives and five children… wait for their names: son Lawrence and daughters Daisy, Pansy, Maisy and Josie.
To make things even more interesting, Angela Ho Chiu-yin, the daughter of Ho’s dead first wife issued a statement, saying she could not believe her father would leave nothing to her mother’s family, as he had “always prided himself on being a fair, just and honest person”.
“Her [her mother’s ]connections in Portugal and standing in Macau society was a big factor for my father winning the gambling monopoly in 1961. Daddy never forgot her importance in the creation of the empire he presides [over] today. My father speaks to me often and has stated publicly about how he intends to divide his estate evenly amongst his children and I therefore find statements and actions made and taken by his mistresses and their children, which do not conform to this wish, highly disconcerting and hurtful.”
P.S. On a happier note, there is only one day left to enter our güs passport folio giveaway.