Top 5 Casino Owners in Asia According to Wealth
Throughout Asia, there are many different laws governing casinos and gambling. While some nations have stern anti-gambling laws, others proudly tout their amazing casino complexes. Asia has a huge population, and a lot of people travel there, so there is a huge demand for casinos there. This has led to the few places that do allow and support casinos, like Macau, becoming very well-known and drawing in millions of gamblers each year. In Asia, there is a great need for casinos but a dearth of them, so those who own them amass enormous wealth and power. Something similar to the casino online romania.
1. Lui Che Woo: $12.4 billion
In order to start importing construction machinery from Okinawa to Hong Kong, Lui Che Woo founded K. Wah Group, a quarry operator. K. Wah Group eventually grew to include real estate projects spread throughout Southeast Asia. In 2002, when Stanley Ho's monopoly over Macau's gambling industry came to an end, one of the island's three gaming concessions was awarded to Woo's entertainment company, Galaxy Entertainment Group. He built The StarWorld Macau Casino and Hotel right away, which opened in 2006. He didn't waste any time putting his concession to use. The colorful and eye-catching architecture of the 5-star hotel casino is well-known.
The Galaxy Macau, Woo's flagship casino, was built in 2011 for a cost of $1.9 billion as a response to the StarWorld. Woo's rise to prominence in the Macau casino market has been aided by this first-rate resort; in 2016, Galaxy Entertainment Group surpassed Sands China, the city's largest casino and gambling enterprise, taking 23% of the market. Sheldon Adelson. With his eldest son, Francis, leading Galaxy Entertainment Group, Woo, who is now 93 years old, has largely delegated management of his vast business empire to his five children.
2. Stanley Ho: $6,4 billion
One of Asia's most well-known casino owners was Stanley Ho. He was the founder and chairman of SJM Holdings, which held a government-granted monopoly on the gambling industry in Macau for 40 years and was known as "The Godfather" and "The King of Gambling." Ho assisted in making Macau, a small fishing island, into one of the most recognizable gambling hubs in the entire world during this time. Over the course of his career, Ho has constructed a number of casinos, including the magnificent Grand Lisboa, which is the tallest structure in Macau.
Throughout his career, he showed himself to be a savvy businessman, coming up with numerous ideas to draw potential gamblers to Macau. Perhaps his most well-known plan was to construct a harbor and hire a fleet of fast boats to transport gamblers from nearby Hong Kong to Macau. However, some people thought Ho's wealth was not entirely legitimate.
Through out his career, he was subject to accusations of affiliation with Triad groups like 14K and Sun Yee On. Pansy Ho, the most prosperous of his offspring, is a shareholder in both SJM Holdings and MGM China. The managing director of SJM Holdings and fourth wife of casino mogul Stanley Ho, Angela Leong, has amassed a fortune of $2.7 billion from both her own real estate holdings and those of Ho.
3. Pansy Ho: $3.2 Billion
Despite being the daughter of Stanley Ho, the biggest name in Macau's casino industry, Pansy did not always work in the industry. Instead, she first pursued a career as an actress before founding the extremely successful PR firm Occasions. Currently, Ho has a significant presence in the Macau casino industry. She acquired shares in MGM Resorts, a major player in the casino industry, after the business sought to increase its ownership of MGM China.
Her sales of these shares have consistently brought in enormous sums of money. She sold shares of MGM Resorts and made $86 million over two days in May 2021. Ho owns significant stakes in both SJM Holdings, which operates numerous casinos on the island, and MGM China, which owns two integrated resorts in Macau. As managing director of MGM Grand Paradise, a position that pays her about $8 million a year, she also owns nearly a third of the 600-room casino resort MGM Macau. 4.
Chen Lip Keong: $2.4 billion
Chen Lip Keong is Malaysia's seventh richest person with a net worth of $2.4 billion. Keong initially went to Cambodia in the hopes of discovering oil, where he later made his money. Keong did not leave the country empty handed, despite the fact that his search for black gold was unsuccessful. Instead, his Malaysian business, NagaCorp, was awarded a 1994 opportunity in international tourism. As a result, Keong received a casino license for Cambodia, a 70-year contract, and a guaranteed monopoly in the country's capital, Phnom Penh.
With a monopoly that will last until 2035, Keong has been able to turn the capital of Cambodia into a popular gambling destination while also making a lot of money.
NagaWorld, his premier integrated resort, is the only luxury casino hotel complex in Cambodia and features multiple casinos, gaming areas, and additional complexes that are connected by underground tunnels and passageways.
NagaWorld 2, the most recent of these, is an entertainment complex that features a 300- table gaming facility, gaming suites, and premium gaming halls.
The interest rates that the banks were willing to offer Keong when he tried to borrow money to build the Naga2 expansion frustrated him.
5. Lim Kok Thay: $2.2 billion
Genting Group was started by Lim Goh Tong in 1965. He created, promoted, and ran international integrated resorts as he slowly expanded his empire.
After being named a director in 1976, Lim Kok Thay, Tong's second child, now serves as the company;s chairman.
The Philippines, Singapore, Malaysia, and the United Kingdom are just a few of the countries where Genting Group owns a significant number of casinos.
Along with owning Star Cruises, the company is well-known for its ownership of palm oil plantations.
Casinos were found on board many of the ships, including Genting Dream.
Genting Hong Kong, the parent company of Star Cruises, filed for liquidation in January 2022 as a result of problems brought on by the coronavirus pandemic.
Four of the ships it had ordered, with a combined weight of more than 150,000 tons, were left in the docks.
He recently established Resort World Cruises, which is now in charge of Genting Dream, and is in negotiations to buy the other Star Cruises-owned ships.
In an effort to enter the lucrative gambling market on the island, he has also made an unlikely bid for a Macau gambling license.