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Dr. Stanley Ho was born in 1921 in Hong Kong. His father left the family shortly thereafter in 1934, having lost his money in the stock market crash. Stanley moved to Macao later and made his first million in the import / export business.
CNN places a "conservative" estimate of Ho's worth at USD2 billion (CNN ASIANOW). Dr. Stanley Ho, aged 78, is a share holder and board member, along with Li Ka-Shing, of Hong Kong Bank, which owns Hong Kong Bank of Canada (now HSBC Bank Canada). Gordon Capital has acquired HSBC Securities, which was a subsidiary of HSBC Bank Canada. Ho also mantains a monopoly on casinos on Macao, owning six gambling establishments on the island. These casines average six billion dollars (US) per year (Sidewinder, pp. 7 footnote 14). Ho's monopoly on gambling on Macao will expire in 2001 and Edmund Ho (no relation), the Chinese Macao Chief Executive, has not said whether or not the license will be extended. Odds are it will, however, as STDM (Ho's gambling enterprise) contributes more than 50% of the revenue to the Macao Government (Feer) and has gone so far as to dredge the Macao harbor. Ho is chairman of Sociedade de Turismo e Diversoes de Macau (STDM), a company which owns the world's largest jetfoil fleet and operates enterprises throughout Macao. Ho will soon begin operations on the DrHo.com Web site, a gambling site operated in partnership with Vancouver-based Eyeball.com (Asia Internet). According to Sidewinder, Ho owns the Ramada international hotel chain with 25 hotels in Canada. He also owns the Sutton Place in downtown Toronto and the Meridien Hotel in Vancouver (Sidewinder, pp. 10 para 42). The possibility exists for ChIS (Chinese Intelligence Service) to bug rooms at these hotels given HSBC and Ho's extensive links to PRC government. Ho has been repeatedly linked to triads (Chiense organized crime organizations), including a very public incident in the Phillipines. After allegations made in the country, President Estrada personally defended Ho, "insisting there was 'no evidence' to link him to suspected triad activities." (South China Morning Post, 01/27/2000, Estrada backs Stanley Ho) Insight Magazine claims to have obtained a RCMP Profile of Stanley Ho identifying him as the leader of the Kung Lok triad. Ho was implicated in the 1996 campaign finance scandal, having been summoned by the Government Reform and Oversight Committee of the House of Representatives to discuss campaign finance laws. (Phillipine Daily Inquirer, The Zoh Show) Ho has also donated large sums of money to Canadian political parties. Vancouver police report that senior Canadian politicians, such as prime ministers Brian Mulroney and Prime Minister Jean Chretien have "feted and wooed" Ho. He has "unfettered access to Canada and its top politicians," according to the police. Dr. Ho is chairman of the Hong Kong University's foundation for educational development and research. He is a Vice Patron of the Hong Kong Community Chest (see Li Ka-Shing), a patron of the Society of the Academy for Performing Arts, he is involved in the drafting of Macau SAR Basic Law as Vice President of the Committee. He is a Trustee of the Foundation for the Co-operation and development of Macau, the Vice President of the Association of Benefactors of Kiang Wu Hospital and is a member of the Council of the University of Macao. Ho is a Standing Committee member of the Chinese People's Political Consultative Conference, a member of the Selection Committee for the first Government of the Hong Kong Special Administrative Region and is a member of the Consultative Committee for the Basic Law of the Hong Kong SAR. Dr. Ho mantains residences in Hong Kong, Macao, Portugal, Vancouver, Toronto, and owns a private jet. He has three "wives" whom he supports and seventeen children. |
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