08 Feb '11, 1pm

Macau gaming magnate Stanley Ho is set to take fresh legal action against family members, his lawyer said on Tuesday.

HONG KONG - MACAU gaming magnate Stanley Ho is set to take fresh legal action against family members, his lawyer said on Tuesday, in the latest U-turn in a dynastic tussle for control over one of Asia's largest fortunes. Mr Ho, the 89-year-old chairman of Macau's biggest casino operator, SJM Holdings , has been embroiled in a battle for control of his assets with three of his four wives and 17 children, whose controversial asset transfer has effectively whittled down the bulk of Mr Ho's shareholdings in SJM to nothing. For decades, Mr Ho oversaw the biggest gambling operation in Macau, a former sleepy Portuguese colony down the Chinese coast from Hong Kong. His firm SJM still controls more than 30 per cent of the gaming market in the glitzy neon hub. Mr Ho, who appealed for family unity in videotaped comments posted on YouTube last month before the Lunar New Year holidays,...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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