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Macao Casinos Family Dispute Goes to Court

The Macao Casino empire could have its hands on more shares (approximately $769 million worth) if Macao judges approve a decision by Macao Casino shareholders to keep Stanley Ho's sister, Winnie Ho, from receiving any company dividends for what she claims is her rightful share to the company's stock.

The relationship between the brother and sister is a rocky one, which goes back several years involving dubious events claimed by both parties.  Winnie Ho claims that her brother has repeatedly tried removing her from her position in the company, having now replaced her position as a Director with his third and fourth wives.  In 2001, Winnie Ho bounced a check of $1.5 million, which she was sued for.  Her son, Michael Mak claims the lawsuit was part of a ploy by Stanley Ho to exploit his sister and give shareholders cause for voting her out of the company.

Now, Winnie Ho is is threatening to sue back if the decision is upheld by the courts.  According to her, all capital she put towards the company was from a gift given by her cousin, Eric Hotung.  Furthermore, she claims she has not received any dividends whatsoever from the Macao empire since she first invested in the company back in 2001.

In the meantime, Macao Casinos continues to operate fifteen of the seventeen casinos in Macao, and upholding almost half of Macao's entire economy.  No further details have been released about the case at this time.

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