Macau gaming industry 'father' Stanley Ho to retire aged 96
Macau gaming industry "father" Stanley Ho has announced his retirement as the Chairman of casino operator SJM Holdings on June 12. The 96-year-old Macau casino tycoon will become the Chairman Emeritus, while his 53-year-old daughter Daisy Ho will take over the running of the business. SJM's shares jumped as much as 11% on Friday after the announcement.