Macao is also one of the world's most economically developed regions, who can get a gambling license who can operate a gaming business in Macao, can also open the door to wealth. 1961 Stanley Ho is precisely after the victory over the Fu Lao Yung family, successfully got a gambling license, but also established Stanley Ho after decades of the status of the king of the gambling.
After the three gambling cards on the three side cards out, and three side cards a joint venture with the United States and MGM MGM MACAU to take. One was taken by Stanley Ho's son, Lawrence Ho. The remaining one was taken by Hong Kong tycoon Lui Che-woo. That is, three of these six gambling licenses are still in the hands of the Stanley Ho family.
It is also a matter of safety and not to be compromised - after all, this is a key part of the process to determine whether or not the Macau gambling license can be successfully renewed. In this bid delivery conference, the biggest highlight is no other than the family of Macau's gambling king Stanley Ho. On that day, Pansy Ho, Pansy Ho and Angela Leung as well as Lawrence Ho appeared at the bidding site with their bids. What's interesting is that each party has two big boxes of bids, among which the bids prepared by Pansy Ho and Angela Leung are the most exaggerated, which seem to be loaded with safes, and the packing height of the bids is almost the same as the height of Pansy Ho's shoulder.
The tender prepared by Pansy Ho was the most exquisite, which she described as "two small boxes", wrapped in the shape of a gift and tied with a golden ribbon. Pansy Ho said she has been preparing for this bid since a year ago and is very confident about it. The packaging of the bid prepared by Ho was standard, wrapped in yellow kraft paper, which can be described as not too big and not too small.
At the bidding site, the four great families of the Stanley Ho family gathered. Pansy Ho and Angela Leung attended on behalf of SJM, Pansy Ho attended on behalf of his MGM Macau, and Ho Yau Lung attended on behalf of his Melco International. Judging from the photos revealed, the Big Four were in high spirits and well-prepared. Each company's bidding materials are two boxes full and sealed, with bodyguards escorting them to the bidding. The scene.
While there are only six companies bidding for the six gambling licenses this time, it is clear that each company is well prepared. Pansy Ho also injected $4.8 billion in cash into MGM not long ago to increase her control over the company. Meanwhile, Pansy Ho has also been taking up shares of SJM on the market, also to increase her control over SJM.
In 1961, Stanley Ho became the new generation of Macau's gambling king by defeating the Ko Ko Ninh family and the Foo Lo Yung family, which had lost their gambling licenses, and have since declined and are now obsolete. If the Stanley Ho family is unable to get a gambling license, then the end will also be very bleak.
In 2001, the Macau gambling license bidding, at that time attracted a very large number of global consortiums, Allan Lau, Nina, Lui Chee-hwa and so on Hong Kong tycoons, as well as from the United States of America's Sands, Wynn and so on the group have come to participate in the bidding. At that time, even Stanley Ho's sister, Ho Yuen Ki, also left Stanley Ho's company and set up her own business to bid for the gambling license.
The predecessor of Melco Bursa, run by Stanley Ho's second son Lawrence Ho, was Melco International, which was originally an industry under Stanley Ho's banner. The development of this industry was unsatisfactory, and Stanley Ho gave it up at one point. He then gave the property to Lawrence Ho as a test, and Lawrence Ho's efforts brought Melco International back to life. After that, Stanley Ho stepped down as chairman of Melco International, and Lawrence Ho replaced him, and split Melco International into two parts and gave it to Lawrence Ho for management.
After this event, Lui Che-woo's casino opened without incident. In fact, ultimately Galaxy was not as good as SJM. But then Lui Che Woo chose to build a massive resort on Macau's Taipa Island. Stanley Ho, however, remained steadfast on the Macau peninsula. Most of the land on Taipa Island is reclaimed, so the land is very flat and large, which is conducive to the construction of large-scale resorts.