Widely known as the father of modern Macau, Dr Stanley Ho sadly passed away in May at the age of 98 and was buried last week.
"On behalf of myself and the team at Dragon, I would like to offer my deepest condolences to Dr Ho's family in these difficult times. Dr Ho was a truly inspirational man who had the genuine respect of his peers and did so much for the gaming industry that we know and love today.” – Paul Moynan, Dragon co-founder.
It is a testament to Dr Ho that representatives from all sectors paid tribute to him. His daughter, Pansy Ho represented the family as she read out condolence messages from national leaders including China's President Xi Jinping and the premier of China's State Council, Li Keqiang.
Dr Ho’s son, Melco Resorts & Entertainment Chairman and CEO Lawrence Ho expressed his thanks to everyone who sent condolence messages.
Dr Ho dominated the gambling industry after winning a monopoly licence in 1961, which he enjoyed for 40 years until the gaming market was opened up to competitors from 2002 onwards. In the early 1990s, his gaming taxes accounted for about half of Macau’s total tax income, and the gaming industry under his oversight provided many job opportunities to the people of Macau. In the 1970s and 1980s, when job opportunities were scarce, Dr Ho brought opportunity to many especially to dealers, who in those days earned high salaries and could buy a flat after working for six months. Thus, they would not take off their purple uniforms even after work, as a symbol of wealth.
Dr Ho was a person of empathy and generosity, donating to a great number of charities and without his vision and inspirational leadership there is little doubt that the gaming industry that we know, and love would be a shadow of what we see today.