Macau Casino Tycoon Stanley Ho Admitted To Hospital, Family Assures Public That He Is In ‘Good Shape’

Stanley Ho Health
Traffic flows past gaming resorts at Cotai Strip in Macau, China (Photo: Reuters)

Chinese casino tycoon, Stanley Ho, was recently rushed and admitted to the hospital. The incident sparked news of the billionaire's possibly serious medical condition. Several local media began reporting last week that Ho's health may have worsened and that he was suffering from serious organ failure. To finally dismiss these rumors, Ho's family has come out to the media to clarify that the 97-year-old business icon is in "good shape" and is recovering safely inside the hospital.

The billionaire's third wife, Ina Chan Un Chan, and his daughter, Laurinda Ho Chiu-lin, held a press conference outside the Hong Kong Sanatorium and Hospital in Happy Valley over the weekend. The press conference was meant to finally put an end to the rumors of Ho's declining health. Ho's family assured the press that the rumors of Ho being in intensive care were not true. They stressed that Ho is inside his room and is now resting.

Ho's wife also mentioned that she is not aware of how the rumors had started. Their family is also requesting everyone to stop spreading these rumors as it does negatively affect their family's mood. Chan also revealed to reporters that Ho is eating well and is capable of talking to his family members, contrary to reports. Several of Ho's family members, including his daughters, his fourth wife Angela Leong, and one of his granddaughters Faye Ho, were also spotted at the hospital.

In 2009, Ho had to undergo brain surgery after he fell down and hit his head inside his apartment. He was eventually released from the hospital after six months. Ho has been in and out of the hospital ever since, mostly due to his fragile health condition caused by his old age.

Stanley Ho is known by the Chinese people as the patriarch of Asia's biggest gambling empire. He is even popularly known as the "King of Gambling" in China. Due to his various business ventures, Ho has become instrumental in the transformation of Macau and its rise to becoming one of the biggest gambling hubs in the world.

After building his empire and helping China's gambling industry grow into the powerhouse that it is today, Ho has been mainly focusing on his philanthropic work. Under his different organizations, Ho has built numerous hospitals, sports centers, and educational facilities around Hong Kong and China. Ho has also helped build around 12 museums around the country. Ho also donates a lot of his money to educational institutions to help improve China's educational system. He recently donated US$5 million to the University of Oxford's Pembroke College to help it improve its Chinese history studies.

Ho is also actively involved in different charity events and auctions. In 2007, the billionaire philanthropist bid around US$330,000 for the world's largest piece of white truffle during a charity auction event. 

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