{"id":33493,"date":"2022-10-02T17:30:10","date_gmt":"2022-10-02T22:30:10","guid":{"rendered":"https:\/\/www.casino.org\/blog\/?p=33493"},"modified":"2022-09-30T10:20:48","modified_gmt":"2022-09-30T15:20:48","slug":"richest-casino-owners-asia","status":"publish","type":"post","link":"https:\/\/www.casino.org\/blog\/richest-casino-owners-asia\/","title":{"rendered":"Top 5 Richest Casino Owners In Asia"},"content":{"rendered":"\n<p>In terms of gambling and casinos, the law changes greatly across the Asian continent. <\/p>\n\n\n\n<p>Some countries have strict anti-gambling laws while others proudly advertise their incredible casino complexes.&nbsp;<\/p>\n\n\n\n<p>The huge number\nof people that live in and visit Asia has seen the demand for casinos in the\ncontinent to become massive.&nbsp;<\/p>\n\n\n\n<p>This has meant that the few areas that allow and promote casinos, such as Macau, have become immensely popular, attracting millions of gamblers every year. <\/p>\n\n\n\n<p>Casinos are high\nin demand but short in supply in Asia, meaning their owners gain incredible\namounts of wealth and power.&nbsp;<\/p>\n\n\n\n<p>Both of which they have used to transform Asia\u2019s gambling industry into the biggest in the world.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. Lui Che Woo &#8211; $12.4 Billion<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"969\" src=\"https:\/\/www.casino.org\/blog\/wp-content\/uploads\/Lui_Che_Woo.jpeg\" alt=\"Lui Che Woo\" class=\"wp-image-33488\"\/><figcaption><em>Image: Wikipedia <\/em><\/figcaption><\/figure>\n\n\n\n<p>Lui Che Woo first made his fortune by launching K. Wah Group, a quarry\noperator that focused on importing construction equipment from Okinawa to Hong\nKong.&nbsp;<\/p>\n\n\n\n<p>K. Wah Group was eventually expanded to include property developments\nwith locations spread across Southeast Asia. <br>\n<br>\nAfter Stanley Ho\u2019s monopoly on Macau\u2019s gambling sector came to an end in 2002,\nWoo\u2019s entertainment company, Galaxy Entertainment Group, won one of the three\ngaming concessions for the island.&nbsp;<\/p>\n\n\n\n<p>He wasted no time in putting his concession to use, constructing The\nStarWorld Macau Casino and Hotel, which opened in 2006. The 5-star hotel casino\nis known for its striking and colorful design.&nbsp;<\/p>\n\n\n\n<p>Woo followed the StarWorld by building his flagship casino, Galaxy\nMacau, in 2011 for $1.9 billion. <\/p>\n\n\n\n<p>This world-class resort has helped Woo become dominant in Macau\u2019s casino\nindustry; in 2016 Galaxy Entertainment Group overtook Sheldon Adelson\u2019s Sands\nChina as the biggest casino and gambling operator in town, <strong>taking 23% of the\nmarket<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Now 93 years old, Woo has largely handed control of his sprawling business empire to his 5 children with his eldest son, Francis, running Galaxy Entertainment Group.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. Stanley Ho &#8211; $6.4 Billion<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"731\" src=\"https:\/\/www.casino.org\/blog\/wp-content\/uploads\/stanley-ho.jpeg\" alt=\"Stanley Ho\" class=\"wp-image-33486\"\/><figcaption><em>Image: thestandard.com.hk<\/em><\/figcaption><\/figure>\n\n\n\n<p>Stanley Ho was one of the most famous casino owners Asia has ever seen. <\/p>\n\n\n\n<p>Known both as \u201cThe Godfather\u201d and \u201cThe King of Gambling\u201d he was the\nfounder and chairman of SJM Holdings, which had a government-granted monopoly\non Macau\u2019s gambling scene for 40 years.&nbsp;<\/p>\n\n\n\n<p>During this time Ho helped transform Macau from a modest fishing island\ninto one of the world\u2019s most iconic gambling centers.&nbsp;<\/p>\n\n\n\n<p>Throughout his life Ho has built a number of casinos, including the\nincredible Grand Lisboa, the tallest building in Macau.&nbsp;<\/p>\n\n\n\n<p>He proved to be an intelligent businessman during his career, thinking\nof many ways to attract would-be gamblers to Macau.&nbsp;<\/p>\n\n\n\n<p>Perhaps his most famous idea was to build a harbor and hire a fleet of\nhigh-speed boats that ferried gamblers from nearby Hong Kong to Macau.<\/p>\n\n\n\n<p>However, there were some people who believed that Ho\u2019s wealth was not\nentirely legal. <\/p>\n\n\n\n<p>Accusations of links to Triad organizations, including 14K and Sun Yee\nOn, followed him throughout his career.&nbsp;<\/p>\n\n\n\n<p>Ho retired at the age of 96 and died two years later. <\/p>\n\n\n\n<p>Upon his death Ho\u2019s business empire and wealth was split between a\nfamily that included 17 children and four wives.&nbsp;<\/p>\n\n\n\n<p>The most successful of his children is Pansy Ho who is a\nshareholder in both SJM Holdings and MGM China.<\/p>\n\n\n\n<p>Stanley Ho\u2019s fourth wife, Angela Leong, is the managing director of SJM Holdings and has accrued a <strong>$2.7 billion fortune<\/strong>, thanks to both Ho\u2019s casino business and her own real estate holdings.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. Pansy Ho &#8211; $3.2 Billion<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"707\" src=\"https:\/\/www.casino.org\/blog\/wp-content\/uploads\/pansy-ho.jpeg\" alt=\"Pansy Ho\" class=\"wp-image-33492\"\/><figcaption><em>Image: Forbes<\/em><\/figcaption><\/figure>\n\n\n\n<p>Despite being the daughter of Macau\u2019s biggest casino legend, Stanley Ho, Pansy did not always work in the casino business.&nbsp;<\/p>\n\n\n\n<p>Instead, she first pursued a career as an actress and then launched a\nhighly successful PR company, called Occasions.&nbsp;<\/p>\n\n\n\n<p>Nowadays, Ho is deeply involved in Macau\u2019s casino scene. She gained\nshares in casino industry giant MGM Resorts after the company sought to\nincrease its stake in MGM China. <\/p>\n\n\n\n<p>She has been consistently selling these shares for massive amounts of\nmoney. Over two days in May 2021, <strong>she gained $86 million from sales of the\nMGM Resorts stock<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Ho has large shares in both MGM China, which has two integrated resorts\nin Macau, and her late father\u2019s SJM Holdings, which has numerous casinos on the\nisland.&nbsp;<\/p>\n\n\n\n<p>She also owns nearly a third of the MGM Macau, a 600-room casino resort and is the managing director of MGM Grand Paradise, a position which <strong>earns her around $8 million every year<\/strong>.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. Chen Lip Keong &#8211; $2.4 Billion<\/strong>&nbsp;<\/h2>\n\n\n\n<p>With a net worth of $2.4 billion, Chen Lip Keong is <strong>Malaysia\u2019s 7th\nrichest person<\/strong>. <\/p>\n\n\n\n<p>Keong made his money in Cambodia, having first traveled there in the\nhope of finding oil.&nbsp;<\/p>\n\n\n\n<p>While his search for black gold would fail, Keong did not leave the\ncountry empty handed.&nbsp;<\/p>\n\n\n\n<p>Instead, his Malaysian company, NagaCorp, won an international tourism\nopportunity in 1994. <\/p>\n\n\n\n<p>This saw Keong awarded a Cambodian casino license, a 70-year tenure and\na government-guaranteed monopoly in Cambodia\u2019s capital, Phnom Penh.<\/p>\n\n\n\n<p>This monopoly will last until 2035 and has allowed Keong to transform\nCambodia\u2019s capital into an attractive gambling destination &#8211; while making a lot\nof money.<\/p>\n\n\n\n<p>His flagship integrated resort, NagaWorld, is the only luxury casino hotel complex in Cambodia and boasts several separate casinos, gaming areas and further complexes linked together with passageways and underground tunnels.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"644\" src=\"https:\/\/www.casino.org\/blog\/wp-content\/uploads\/naga-world.jpeg\" alt=\"NagaWorld\" class=\"wp-image-33491\"\/><figcaption><em>Image: Booking.com <\/em><\/figcaption><\/figure>\n\n\n\n<p>The newest of these is NagaWorld 2, which is an entertainment complex\nthat boasts a 300-table gaming establishment, gaming suites and premium gaming\nhalls.&nbsp;<\/p>\n\n\n\n<p>When Keong was trying to borrow money to build the Naga2 expansion he\nwas frustrated by interest rates offered to him by the banks. <\/p>\n\n\n\n<p>So, instead of borrowing the money for construction, <strong>he paid $369\nmillion out of his own pocket <\/strong>and took company shares as payment.&nbsp;<\/p>\n\n\n\n<p>NagaWorld is currently undergoing another expansion. Naga3, which will include a 75-story hotel tower, is slated to open in 2025 and has a budget of $3.5 billion.&nbsp; <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. Lim Kok Thay &#8211; $2.2 Billion<\/strong><\/h2>\n\n\n\n<p>Lim Goh Tong founded Genting Group in 1965. He steadily built his empire by developing, marketing, and operating global integrated resorts.&nbsp;<\/p>\n\n\n\n<p>Lim Kok Thay, Tong\u2019s second child now chairs the business, having been appointed as director in 1976.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"541\" src=\"https:\/\/www.casino.org\/blog\/wp-content\/uploads\/Lim-Kok-Thay.jpeg\" alt=\"Lim Kok Thay\" class=\"wp-image-33490\"\/><figcaption><em>Image: Inside Asian Gaming<\/em><\/figcaption><\/figure>\n\n\n\n<p>Genting Group owns a large number of casinos all around the world, including\nthe Philippines, Singapore, Malaysia, and the United Kingdom.&nbsp;<\/p>\n\n\n\n<p>The company has also become known for owning palm oil plantations as well as the cruise line, Star Cruises. <\/p>\n\n\n\n<p>Many of the ships, such as Genting Dream, featured casinos on board.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"514\" src=\"https:\/\/www.casino.org\/blog\/wp-content\/uploads\/Genting-Dream.jpeg\" alt=\"Genting Dream\" class=\"wp-image-33489\"\/><figcaption><em>Image: ceoworld.biz<\/em><\/figcaption><\/figure>\n\n\n\n<p>Due to difficulties caused by the Coronavirus Pandemic, the parent company of Star Cruises, Genting Hong Kong, filed for liquidation in January 2022. <\/p>\n\n\n\n<p>The ships it had ordered, including four that weighed over 150,000 tons,\nwere left in the docks.<\/p>\n\n\n\n<p>However, Thay has not let this setback unsettle him. <\/p>\n\n\n\n<p>He recently launched <a href=\"https:\/\/www.casino.org\/news\/gentings-cruise-ship-ambitions-reborn-through-resorts-world-cruises\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Resort World Cruises<\/a> which now operates Genting Dream, and is in talks to acquire the other ships that were previously owned by Star Cruises.&nbsp;<\/p>\n\n\n\n<p>He has also made a longshot bid for a Macau gambling license in the hope of breaking into the island\u2019s lucrative industry.\u00a0<\/p>\n\n\n\n<p><strong>For something similar, check out the<a href=\"https:\/\/www.casino.org\/blog\/5-richest-casino-owners-usa\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" top 5 richest casino owners in the US (opens in a new tab)\"> top 5 richest casino owners in the US<\/a>.<\/strong><\/p>\n\n\n\n<p><em>Lead image: Jimmy Woo Man Tsing<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In terms of gambling and casinos, the law changes greatly across the Asian continent. Some countries have strict anti-gambling laws&nbsp;&#8230;<\/p>\n","protected":false},"author":69,"featured_media":33487,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3189,22],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 5 Richest Casino Owners In Asia \u2013 Casino Owners Net Worth<\/title>\n<meta name=\"description\" content=\"Richest Casino Moguls In Asia \u2013 Find out who the top 5 richest casino owners are in Asia and how they made their billions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/blog\/richest-casino-owners-asia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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