Ho heads the Sociedade de Turismo e Diversioes de Macau (STDM), which has controlled Macau's gaming franchise since 1961.

CNN: ASIANOW - Asiaweek | Daily Briefing: Holiday Hiatus? Hardly

Ho said at the opening that he would fight for an extension of STDM's contract, already renegotiated in 1987 to run until the end of 2001.

CNN: ASIANOW - Asiaweek | Daily Briefing: Holiday Hiatus? Hardly

According to a filing with the Hong Kong Stock Exchange, Ho will only retain 100 shares from his 31.7% stake in Sociedade de Turismo e Diversoes de Macau (STDM), the parent company of SJM.

FORBES: Casino King Transfers Stake To Family