Recently, the case of The Gambling King Family He Chaoxian suing He Chaoqiong has been resolved, and the court rejected Ho Chaoxian's request to add Ho Hung Sun's estate administrator, and claimed that from the second to the fourth room, all supported Ho Chao-chung as the estate administrator.
Unexpectedly, nearly two years after his death, posterity is still fighting for his inheritance.
Ho chao-hyun claimed that she found documents related to her father's estate in her father's bedroom, which stated that the inheritance was as much as 11 billion, while Ho Chao-chiong claimed that her father's inheritance was not less than 1.7 billion. The difference between the two is large, and it is indeed necessary to fight a lawsuit.
However, at present, the big house has once again lost the lawsuit, and the second room is also won without suspense.
However, what makes the second house headache is not only this lawsuit, but how to manage the property left by his father.
According to the financial report, SJM lost 22.8 billion yuan and only 1.7 billion yuan in cash. At the end of March this year, SJM had only 1.7 billion yuan of liquid cash on its books, and in order to cope with the loss of 22.8 billion, brokerage UBS quoted SJM management as saying that they expected to complete financing worth about 13.3 billion yuan this year.
If this task cannot be completed, the parent company, Australia Entertainment, will also provide the help of a 5 billion yuan shareholder loan.
The road to the recovery of Macau's gaming industry is indeed more tortuous. Since March, due to the lockdown of many mainland cities, visitors to Macao have once again been subject to strict quarantine measures, and SJM and MGM China's first quarter performance have been under pressure.
In the era of the epidemic, how to lead family enterprises to stand out under the heavy pressure is the pressure in front of the second room.
In 2021, SJM lost HK$4.1 billion for the whole year, and in 2020, when the epidemic was at its worst, SJM lost 3 billion.
In the post-gambling king era, how will the gambling queen prove himself?
Therefore, even if you win the lawsuit, the second room can't laugh out, and you have to get out of the financial predicament at present. Although the skinny camel is bigger than the horse, but under the internal friction of these years, the gambling king family is actually seriously injured, even if the second room gets the helm, the other houses may not be convinced, and there will be a possibility of continuing to provoke trouble in the follow-up.
Nowadays, for the gap of SJM, 5 billion can only be said to be a drop in the bucket, can not help too much, even as an emergency fund, how long can it be supported?
Could it be that, in response to He Chaoxian's words, his father's inheritance is about 11 billion?
If there is really so much money, and the second room is hidden from everyone, then take it out to help the company tide over the difficulties.
People are watching the day, and it turns out that if it is not yours, it will still have to be returned after all.
Whether it is everyone's sister He Chaoqiong, or the little gambling king He Youlong, the time has come to prove that you have arrived.
This year is also a key moment for the expiration and renewal of Macau's gambling cards, and the ugly financial report in this first quarter does not know what impact it will have on the bidding of gambling cards. If the second room can't get a gambling card, then the name of "Gambling King Family" really has to be changed, or add an "old" word in front of it. In order not to appear in this situation, I think the second room will definitely do its best.
However, there are still disputes within the family. This is also because He Hongshen's assets are too large to measure, so in addition to the big houses, the houses are in a mess, watching the family fight for property and then break out a big war, the former leader has passed away, and the later rulers may not be convinced, which really makes people not optimistic about the prospects within the family.