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Macau casino billionaire Stanley Ho reached a settlement resolving a two-month dispute with his family over a controlling stake in his multibillion-dollar gambling empire.
Macau casino magnate Stanley Ho has dropped a lawsuit against family members in the latest twist of a dynastic tussle over the ailing octogenarian tycoon's multi-billion dollar empire.
Wynn Macau's strong debut in Hong Kong on Friday shows appetite for gambling stocks is strong despite high valuations, and will cheer rival Las Vegas Sands, which plans a listing later this year.
Casino operator Wynn Resorts is seeking to raise up to $1.6 billion in the Hong Kong initial public offering of its Macau casino operations after setting the price range for the deal over the weekend.