Macao casino billionaire Stanley Ho, who has been hospitalized for the past four months, is “recovering nicely” and may be discharged soon, his son Lawrence said in a Bloomberg Television interview.

Dr Stanley Ho Bust And His Expansive Toys. Grand Lisboa Lobby

“Hopefully, some time soon he can come out of the hospital,” Lawrence Ho, 32, said. “It’s been a few months since his accident. He had two pretty big surgical operations.” The son didn’t specify what the surgery was for.

Ho, 88, controls SJM Holdings Ltd, the casino operator with the biggest market share in Macao. He has never announced a successor and neither SJM nor Shun Tak Holdings Ltd, the ferry operator and property developer he chairs, has made a statement to the Hong Kong stock exchange on his condition.

“It’s quite abnormal for Dr Ho to stay behind the scenes for such a long time,” Steven Leung, director of institutional sales at UOB-Kay Hian Ltd in Hong Kong, said.

The billionaire had said in a June e-mail to Bloomberg News he was healthy and had no plans to retire. Janet Wong, his spokeswoman, didn’t return earlier calls or e-mails seeking an update on his condition since she said in an Aug 13 e-mailed statement that reports of Ho having had a stroke were “unfounded”.

SJM fell 0.24 percent to HK$4.25 yesterday in Hong Kong trading, trimming its gain this year to 150 percent. Melco International Holdings Ltd, controlled by Lawrence Ho, declined 1.7 percent to HK$3.94, paring its 2009 climb to 54 percent.

Casino gambling revenue in Macao may rise 8 percent this year as global economies recover, Lawrence Ho said in the Dec 4 interview aired yesterday. “Macao is back on track,” he said, after official figures showed third-quarter casino gambling revenue increased 22 percent to 32 billion patacas (US$4 billion), the first growth in a year.

Source. China News Daily

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