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Stanley Ho Family Fails to Reach Pact on Casino Empire, WSJ Says - Bloomberg

Sunday, 30 January 2011 11:21 administrator
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Talks to end the family dispute over control of Stanley Ho’s casino empire fell apart, the Wall Street Journal reported, citing a statement by his lawyer today.

Talks held late last week that appeared near an agreement to equitably split the

holding company four ways never reached a final accord, the newspaper said, citing the statement from Ho’s lawyer, Gordon Oldham.

Ho, 89, instructed his law firm of Oldham, Li & Nie to carry out his wishes regarding the holding company, Lanceford Co., the Journal said, citing the statement.

Ho’s SJM Holdings Ltd. controls about 30 percent of the casino market in the Chinese city of Macau, the newspaper said. Macau is the only part of China where casinos are legal.

To contact the reporter on this story: Dan Hart in Washington at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

To contact the editor responsible for this story: Sylvia Wier at This e-mail address is being protected from spambots. You need JavaScript enabled to view it



Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFxbQXv-JvebhZrFEy8UeAtpVG4Gg&url=http://www.bloomberg.com/news/2011-01-30/stanley-ho-family-fails-to-reach-pact-on-casino-empire-wsj-says.html

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