Pursuits
Billionaire Ho Files New Suit to Regain Casino Stake
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Billionaire Stanley Ho filed a new lawsuit against some family members to regain control of his assets, extending a three-week public dispute over Asia’s biggest casino company.
A writ filed today in Hong Kong’s High Court by law firm Oldham, Li & Nie accuses Ho’s daughters Pansy Ho and Daisy Ho of seizing the tycoon’s holding in Sociedade de Turismo e Diversoes de Macau SA. Today’s complaint follows a Jan. 26 lawsuit that was withdrawn after an oral agreement by them to return the stake, according to the new claim.