https://www.scmp.com/rss/521566/feed Chairman, Melco Resorts & Entertainment Ho is a former investment banker at Jardine Fleming and Citibank who took over the operations of Melco in 2001 to refocus the electricity producer’s business on leisure and entertainment. Ho is the only son and youngest child of Lucina Laam King Ying, the second wife of the late Macau casino magnate Stanley Ho. His elder sisters Pansy Ho and Daisy Ho are also involved in the gaming industry. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Cheryl Arcibal,Peggy Sito Cheryl Arcibal,Peggy Sito On a Sunday morning earlier this month, five friends from Bangkok stepped through the marble lobby of the Studio City Hotel in Macau – the kind of place better known for gaming tables and stage shows than medical check-ups. Instead, they were heading to iRad Hospital, tucked inside the resort complex, for a round of beauty treatments and wellness sessions. The women – Kwaisun Panchasarp, Nantanat Tejavibulya, Buyasakorn De Jesus and two friends – were in town with their families to catch the NBA... https://www.scmp.com/business/article/3330210/playing-health-card-macau-gives-greater-bay-area-glimpse-its-health-hub-future?utm_source=rss_feed https://www.scmp.com/business/article/3330210/playing-health-card-macau-gives-greater-bay-area-glimpse-its-health-hub-future?utm_source=rss_feed Sat, 25 Oct 2025 02:00:13 +0000 Cheryl Arcibal Cheryl Arcibal Black Spade Capital, the family office of Lawrence Ho Yau-lung, has brought Hong Kong-based iRad Hospital to Macau, with a facility equipped with MRI and CT scan equipment in one of his hotels, to support the gaming hub’s bid to diversify its economy. The 15,000 sq ft facility at Studio City of Melco Resorts & Entertainment, one of six casino concessionaires in the gaming hub, makes it the world’s first integrated resort hospital with MRI and CT equipment. The hospital, which was formally... https://www.scmp.com/business/article/3328073/macaus-studio-city-gets-worlds-first-resort-hospital-mri-and-ct-facilities?utm_source=rss_feed https://www.scmp.com/business/article/3328073/macaus-studio-city-gets-worlds-first-resort-hospital-mri-and-ct-facilities?utm_source=rss_feed Tue, 07 Oct 2025 02:52:13 +0000 Cheryl Arcibal Cheryl Arcibal The property market in the Middle East, particularly in the United Arab Emirates (UAE) cities of Dubai and Abu Dhabi, is attracting more interest and capital from Hong Kong and mainland China. Hong Kong-based Gaw Capital spent more than US$150 million on a residential building in Abu Dhabi, the capital, two weeks ago. And last week Black Spade Capital, the family office of casino billionaire Lawrence Ho Yau-lung, invested in IFCX, a Hong Kong-based real estate brokerage focused on real estate in... https://www.scmp.com/business/article/3311619/capital-hong-kong-mainland-china-sets-sights-dubai-abu-dhabi-property?utm_source=rss_feed https://www.scmp.com/business/article/3311619/capital-hong-kong-mainland-china-sets-sights-dubai-abu-dhabi-property?utm_source=rss_feed Sun, 25 May 2025 05:00:10 +0000 Cheryl Arcibal Cheryl Arcibal Black Spade Capital, the family office of Macau casino billionaire Lawrence Ho Yau-lung, has invested in IFCX, a Hong Kong-based real estate brokerage group that aims to pool at least US$5 billion of capital from Asian clients for investments in emerging markets. IFCX operates Asian Bankers Club, a direct investor sales company, Knightsbridge Partners, an agent for developers, and Easy Pro, a letting and property-management agency that also provides global residency solutions. “This partnership... https://www.scmp.com/business/article/3311102/casino-tycoon-lawrence-hos-family-office-invests-hong-kong-real-estate-broker-ifcx?utm_source=rss_feed https://www.scmp.com/business/article/3311102/casino-tycoon-lawrence-hos-family-office-invests-hong-kong-real-estate-broker-ifcx?utm_source=rss_feed Wed, 21 May 2025 00:30:07 +0000 Kahon Chan Kahon Chan Former top Macau judge Sam Hou-fai has received clearance from local authorities to run for office in next month’s chief executive election. The gaming hub’s Electoral Affairs Commission said on Wednesday the bid of the former head of the Court of Final Appeal to run for the top job – with his 386 nominations – had cleared an admissibility review. The commission said Macau’s committee for safeguarding national security had also cleared Sam for his abilities to uphold the Basic Law, Macau’s... https://www.scmp.com/news/hong-kong/politics/article/3278964/macau-national-security-committee-clears-former-top-judge-sam-hou-fai-stand-election?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3278964/macau-national-security-committee-clears-former-top-judge-sam-hou-fai-stand-election?utm_source=rss_feed Wed, 18 Sep 2024 04:42:52 +0000 Salina Li Salina Li Black Spade Capital, the family office of Macau casino operator Melco Resorts & Entertainment’s chairman Lawrence Ho Yau-lung, listed its second special purpose acquisition company (SPAC) on Nasdaq on Wednesday. Black Spade Acquisition II, the SPAC sponsored by an affiliate of Black Spade Capital, priced its initial public offering (IPO) of 15 million units at US$10 each. Each unit consists of one class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable... https://www.scmp.com/business/banking-finance/article/3276299/melco-chairman-lawrence-ho-backed-spac-raises-us150-million-nasdaq?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3276299/melco-chairman-lawrence-ho-backed-spac-raises-us150-million-nasdaq?utm_source=rss_feed Wed, 28 Aug 2024 22:00:18 +0000 Mia Castagnone,Salina Li Mia Castagnone,Salina Li Macau’s casino operators will invest a combined 108 billion patacas (US$13.5 billion) to host conferences and sporting events and promote family entertainment over the next 10 years in response to the government’s call to help Asia’s gambling hub diversify its economy away from the industry. Each of the six operators – MGM Grand Paradise, Galaxy Casino, Venetian Macau, Melco Resorts Macau, Wynn Resorts Macau and SJM Resorts – will be spending hundreds of millions of dollars on new facilities and... https://www.scmp.com/business/companies/article/3203691/macaus-casino-operators-reveal-new-theme-parks-theatres-10-year-plan-diversify-citys-economy-away?utm_source=rss_feed https://www.scmp.com/business/companies/article/3203691/macaus-casino-operators-reveal-new-theme-parks-theatres-10-year-plan-diversify-citys-economy-away?utm_source=rss_feed Sat, 17 Dec 2022 09:53:17 +0000 Mia Castagnone,Peggy Sito Mia Castagnone,Peggy Sito Macau’s government has renewed the concession periods of the city’s six incumbent gambling concessionaires for another 10 years, rejecting the Malaysian tycoon Lim Kok Thay’s surprise bid break into the world’s largest casino hub. MGM Grand Paradise Limited, Galaxy Casino Company, Venetian Macau, Melco Resorts Macau, Wynn Resorts Macau and SJM Resorts were awarded the six concessions, starting from January 1, 2023 through December 31, 2033, according to a statement by the territory’s... https://www.scmp.com/business/companies/article/3201080/macau-rejects-malaysias-genting-renewing-six-casino-licences-incumbent-operators?utm_source=rss_feed https://www.scmp.com/business/companies/article/3201080/macau-rejects-malaysias-genting-renewing-six-casino-licences-incumbent-operators?utm_source=rss_feed Sat, 26 Nov 2022 03:52:12 +0000 Martin Choi,Peggy Sito,Mia Castagnone Martin Choi,Peggy Sito,Mia Castagnone Seven companies conducted a beauty parade before Macau’s authorities in a closely watched contest for the right to operate half a dozen casino licences in the world’s largest gambling hub. The seven companies comprised all six existing casino operators whose current licenses are due to expire on December 31, plus a wild card bid by GMM Limited, a subsidiary of Malaysian casino operator Genting Malaysia, which is controlled by local tycoon Lim Kok Thay. The bids were presented to the Committee... https://www.scmp.com/business/article/3192707/seven-operators-vie-six-macau-casino-licences-bids-open-worlds-gambling?utm_source=rss_feed https://www.scmp.com/business/article/3192707/seven-operators-vie-six-macau-casino-licences-bids-open-worlds-gambling?utm_source=rss_feed Fri, 16 Sep 2022 06:00:33 +0000 Peggy Sito Peggy Sito The last-minute bid by Malaysian billionaire Lim Kok Thay for a Macau gaming licence has rattled stock investors. His entry into the fray means seven casino operators are vying for just six new concessions, which raises the prospect of one of Macau’s established licence holders being run out of town by a newcomer. “This is a negative surprise,” said Morgan Stanley in a report. Macau casino stocks fell on Thursday, with Wynn Macau closing almost 7 per cent lower, as investors grew concerned that... https://www.scmp.com/business/companies/article/3192648/malaysian-tycoon-lim-kok-thays-bid-casino-licence-has-traders?utm_source=rss_feed https://www.scmp.com/business/companies/article/3192648/malaysian-tycoon-lim-kok-thays-bid-casino-licence-has-traders?utm_source=rss_feed Fri, 16 Sep 2022 00:15:11 +0000 Martin Choi,Peggy Sito Martin Choi,Peggy Sito Lim Kok Thay, the billionaire chairman of Malaysia’s Genting Group, has been revealed as a bidder for a Macau casino licence, becoming the seventh and final hopeful to throw their hat into the ring before bidding closed on Wednesday evening. The entry of Genting into the fray – the “only truly global gaming operator” – may strike fear into the hearts of the existing licence holders vying to keep a foothold, said one gaming consultant. GMM Limited submitted a bid to the Macau government just... https://www.scmp.com/business/companies/article/3192501/malaysian-billionaire-lim-kok-thay-boss-genting-group-revealed?utm_source=rss_feed https://www.scmp.com/business/companies/article/3192501/malaysian-billionaire-lim-kok-thay-boss-genting-group-revealed?utm_source=rss_feed Wed, 14 Sep 2022 12:15:53 +0000 Iris Ouyang Iris Ouyang Hong Kong’s second special-purpose acquisition company (SPAC), Vision Deal, is reviewing a shortlist of potential merger targets, as Chinese entrepreneurs and companies including Geely-backed carmaker Polestar test-drive the investment vehicle as an alternative route to a public listing. Vision Deal is looking at a number of candidates at the moment, including the largest or second-largest leaders in smart-car technologies, supply chain, and cross-border e-commerce, said Wei Zhe, chairman and... https://www.scmp.com/business/banking-finance/article/3182959/hong-kongs-second-spac-zooms-smart-cars-supply-chain-e?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3182959/hong-kongs-second-spac-zooms-smart-cars-supply-chain-e?utm_source=rss_feed Fri, 24 Jun 2022 09:28:13 +0000 Cannix Yau,Park Chan-kyong,Edith Lin Cannix Yau,Park Chan-kyong,Edith Lin The company responsible for towing Hong Kong’s ill-fated Jumbo Floating Restaurant has dismissed allegations of foul play as “ridiculous”, saying some buoyancy tanks might have been damaged by strong sea waves leading to the ship capsizing in the South China Sea. Speaking to the Post from South Korea on Friday, Yoon Ju-dong, a senior official of a company which operated “Jaewon 9”, a tugboat escorting Jumbo out of Hong Kong, said what happened to the famed vessel was “an accident without any... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3182881/hong-kongs-jumbo-floating-restaurant-has-not-sunk?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3182881/hong-kongs-jumbo-floating-restaurant-has-not-sunk?utm_source=rss_feed Fri, 24 Jun 2022 03:19:47 +0000 Enoch Yiu Enoch Yiu An Olympian, a former central banker, a tycoon, medical experts, and veteran investment bankers are among the star promoters of the first group of so-called blank-cheque companies, or special purpose acquisition companies (SPACs), in Hong Kong. “The promoters of SPACs play key roles in their success because these companies do not have business operations or assets,” John Lee, vice-chairman and head of Greater China global banking at UBS, told the Post. “They rely on the experience and reputation... https://www.scmp.com/business/banking-finance/article/3171178/hong-kong-spacs-are-backed-star-promoters-include-olympian?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3171178/hong-kong-spacs-are-backed-star-promoters-include-olympian?utm_source=rss_feed Mon, 21 Mar 2022 01:30:19 +0000 Enoch Yiu Enoch Yiu Black Spade Asia Acquisition, an asset buyer backed by the chairman of Macau’s casino operator Melco Resorts & Entertainment, has applied to raise capital in Hong Kong, joining 10 other so-called blank cheque companies on the city’s exchange. Black Spade, backed by Melco’s chairman and chief executive Lawrence Ho Yau-lung, as well as BOCHK Asset Management, has applied to list on the Hong Kong stock exchange (HKEX), according to a filing. The company is the 11th special purpose acquisition... https://www.scmp.com/business/article/3171185/black-spade-spac-backed-melcos-chairman-lawrence-ho-applies-list-hong-kong?utm_source=rss_feed https://www.scmp.com/business/article/3171185/black-spade-spac-backed-melcos-chairman-lawrence-ho-applies-list-hong-kong?utm_source=rss_feed Sun, 20 Mar 2022 14:00:31 +0000 Martin Choi Martin Choi Macau’s gambling regulator will extend the territory’s casino licences for six months until the end of December, according to an announcement on the government’s website. The government asked Macau’s six casino operators to apply for the extension of their licences, which are due for expiry on June 26, the Secretary for Economy and Finance Lei Wai-nong told local media after a Legislative Assembly Standing Committee meeting on Thursday.. The six licences are held by Wynn Macau, Sands China, MGM... https://www.scmp.com/business/article/3169132/macau-extends-casino-licences-six-months-allow-legislature-enact-new?utm_source=rss_feed https://www.scmp.com/business/article/3169132/macau-extends-casino-licences-six-months-allow-legislature-enact-new?utm_source=rss_feed Thu, 03 Mar 2022 12:24:28 +0000