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MACAU GAMBLING TYCOON FEELING THE PINCH

Las Vegas gambling magnate Sheldon Adelson made the headlines recently with the massive fall in his company's share price and its attendant impact on his personal fortune, reducing his net worth by billions.  This week the Macau Daily Times reports a similar decline in the finances of Macau casino tycoon Dr. Stanley Ho and his firm Sociedade de Jogos de Macau.
 
The newspaper reports that Ho has lost 89 percent of his fortune, now has 'only' around eight billion patacas and is listed as the lowest ranking billionaire in Hong Kong in the American magazine Forbes.

SlotsOasisAfter ranking fifth in the list early last year with 72 billion patacas, Ho’s estate now corresponds to a modest 19th place among the 40 richest men in the city. Top spot on the list goes to Li Ka-Shing, a real estate and telecommunications businessman.
 
But even Li Ka-Shing could not avoid the global financial crisis and saw half his fortune decline to 129,6 billion patacas. The Kwok family, which owns Sun Hung Properties, remained in second position, but lost 55 percent of its financial clout, equivalent to a total of 86,4 million patacas.
 
It's all relative, but the eight billion patacas “entry” barrier required in 2008 to get on the richest list has now gone down to a mere 3,8 million patacas!
 
UPDATE: Dr. Ho was quick to respond to the report that he had lost much of his personal fortune, ridiculing the notion and insisting rather obliquely that his Casinos were "printing money."
 
"Our casinos are the equivalent of printing money," said Ho. "We are printing every day, how could we be getting poor?" he commented to the South China Morning Post. "I suppose I should thank them (Forbes) for this, since now when you ask me to give donations, I don't have to donate so much," he scoffed.
 
"Those who want to kidnap me also don't need to think about it any more. I have no money."
 
The nephew of one of Asia's first tycoons, Ho made his first fortune smuggling luxury goods across the Chinese border from Macau during World War II, before securing the only gaming licence in the then-Portuguese colony in 1962. He went on to run transport businesses and a racetrack, making him one of Asia's richest men.



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

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NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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