Pansy Ho – Born into Business
Pansy Catalina Ho Chiu-king is a Chinese billionaire and businesswoman, known for making numerous investments throughout China and abroad.
Born into business, Ho is the daughter of Hong Kong gambling magnate Stanley Ho. The Ho family was responsible for developing a flourishing gambling culture throughout Southern China.
After amassing a substantial fortune through her investments, Ho also became known as the richest woman in Hong Kong.
* Stats taken from Forbes.com
About Pansy Ho
Originally from Macau, Pansy Ho was born on 26 August 1962. She completed her junior education in Hong Kong, where she attended St. Paul’s Convent School in Causeway Bay. Ho then went abroad to continue her studies in Palo Alto, California in the United States where she attended Santa Clara University and graduated with a bachelor’s degree in marketing and business. She started her career in Hong Kong in the entertainment industry. Throughout the years, much of Ho’s business dealings have taken place in Macau, however, her investments span Asia and the United States as well.
Ho owns a substantial stake in MGM Macau, a 600-room, 35-story casino resort. She chairs the Hong Kong property development company Shun Tak Holdings, which was founded by her father. Shun Tak Holdings operates several hotels and run ferries between Hong Kong and Macau. The businesswoman also owns a major stake in SJM, a company owned by her father and MGM China. Ho is in charge of Shun Tak Holdings’ Nova residential development project, which was hailed as the most popular residential development project in Hong Kong in 2017.
As reported in the South Morning China Post on January 2018, MGM China Holdings, partially owned by Ho and known as one of Macau’s six major casino operators, would delay opening MGM Cotai. The casino resort’s opening had already been delayed four times, with the latest failed launch date being 29 January. The reason behind the delay was reported as difficulties in obtaining the relevant licensing to operate.
MGM China is a joint venture between Ho and MGM Resorts, a major Las Vegas gaming conglomerate. It was reported in the Macau News Agency that Daisy Ho and Maisy Ho, both sisters to Pansy Ho, have acquired six apartments at the Nova Grand, a property that is part of the real estate portfolio of Shun Tak Holdings. Because of their affiliation with the company, the sisters, including Pansy Ho, abstained from voting at the board meeting in which the purchase was agreed upon. GGR Asia reported in January 2018 that Ho’s personal fortune had risen by approximately 27.9%, increasing her net worth to around US$5.5 billion, as reported by Forbes. Macau Business reported that Nova-branded residential projects, managed by Ho, were the most popular residences in Hong Kong in 2017. In other news, Pansy Ho cleared over US$1.5 billion from MGM China’s 2011 IPO.