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Legendary Gambling Tycoon Stanley Ho Retires At 96

She's also the co-chairperson and executive director of MGM China Holdings. Lawrence Ho, meanwhile, is chairman and CEO of Melco International, which owns and operates City of Dreams, Studio City and Altira Macau. Daisy will be taking up the reins of SJM following a tumultuous few years for casino operators in Macau. Chinese President Xi Jinping’s crackdown on corruption deterred high rollers from the mainland and sent revenues tumbling, although the territory has been on the mend more recently, with the Gaming Inspection and Co-ordination Bureau announcing year-on-year growth of around 20% in the first quarter of 2018. Pedestrians walk near the Casino Grand Lisboa, operated by SJM Holdings Ltd., center, in Macau, China, on Saturday, Feb. 24, 2018. SJM is scheduled to release annual earnings results on Feb. 28. Photographer: Billy H.C. Kwok/Bloomberg In addition, SJM is about to unveil its most ambitious property yet, the $4.6 billion Grand Lisboa Palace.

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