By June next year, Macao's current six gambling cards will expire, and many people are waiting for the introduction of new bidding rules, whether it is the current six licensed companies or new bidders, it can be said that waiting until next June, it will be a carnival of capital. The gambling industry is indeed a very profitable business, just look at the Ho Family. The hidden wealth of this family is absolutely amazing.
A reporter once asked He Hongshen, what do you think of his wealth on the wealth list? As a result, He Hongshen said that when we do this business, making money is like printing money, how much money we make is only known to ourselves, how others know. It is conceivable that how much wealth Ho Hongshen really has, it is absolutely greatly underestimated.
Before 2006, Macau's gaming industry revenue has been less than las Vegas in the United States, but it is also in this year that Macau officially surpassed Las Vegas and became the world's largest casino. But this is just the beginning, if you start from 2003, macau's gaming revenue rose from the initial $30.3 billion to the later $293.3 billion from 2003 to 2019. In the past two years, due to the impact of the epidemic, the reference value is not too large, but it is conceivable that if it were not for the impact of the epidemic, the income of Macau's gaming industry would definitely have to go up.
Before 2001, Macau had only one gambling card, and Ho was the only licensee. Before 2001, although Macau's gaming industry was developed, compared with today, it was almost a small fight, at that time there were only 11 casinos in Macau, and now there are 41 casinos in Macau. The point is that the scale of casino investment today is simply not comparable to that of the year.
If to this day, Macau still has only One Gambling King, Ho Hung Sun, then he must be the richest man in the world. Today, there are 6 licensed companies in Macau, three of which are still controlled by the Ho family, namely SJM, MGM Macau and Melco International.
On the surface, the Ho family still occupies half of the country, but in fact, this is not the case at all, because the two most profitable companies are Galaxy and Golden Sands. The annual profits of these two companies exceed 10 billion, while the total profits of the three companies of the Ho Hung Sun family are less than 10 billion.
Today, the total revenue of the company controlled by the Ho family in Macau is less than 30%. Looking back, in 2001, the Macau gambling card re-bidding and divided into three, which was a turning point for the Ho family, and since then the Ho family has begun to decline.
Many people don't know that behind this is actually the result of Huo Yingdong's shot. He Hongshen and Fok Yingdong are ostensibly very good friends, but in fact, the two people have been secretly fighting openly and secretly, and although He Hongshen is patriotic, he still pays more attention to personal selfish desires, which is the place that Huo Yingdong is most unaccustomed to.
Fok Ying Tung is truly selfless, so since the two people cooperated to get the gambling card, Fok Ying Tung had a very big opinion of Ho Hongshen. When he first took the gambling cards, Ho told Huo Yingdong that the gambling cards were for charity and donated all the money earned. But then Ho didn't do that, and the company's accounts were unclear.
In the 80s, Fok Yingdong intended to quit the bookmaker, he was ready to sell the shares to Ho Hung Sun, when the two sides had negotiated 1 billion, but Ho Hung Sun was temporarily changing his mind, he did not want to pay money, and did not want Fok Ying Tung to withdraw shares, so he found 14K to come forward.
After Huo Yingdong knew Ho Hongshen's thoughts, he did not tear his face. Later, Fok Yingdong simply set up a charitable fund, donated all the shares of the bookmaker, and fulfilled his promise.
In fact, Fok Ying Tung also had a very big opinion on what Ho Hung-sin had done, that is, before the return of Macau, Ho Hung-sin and the Portuguese renewed their gambling license to 2001, which was longer than the time of Macao's return. Fok Ying Tung believes that Ho Hung Sin's actions are harming Macau's interests.
Therefore, in 2001, Fok Ying Tung proposed to break the monopoly of gambling cards and introduce a new consortium to re-bid for the sustainable development of Macao. In the end, after many considerations, the Macau gambling card was divided into three, and Ho Hung-sun was also able to participate in the bidding.
Ho knows that the overall situation has been decided, so he is also actively embracing change. At that time, this reform had the greatest impact on the He Hongshen family, and they also suffered the greatest damage to their interests. In the past, this cake belonged only to Ho Hongshen, but now it is divided among several people.
At that time, 18 consortiums were attracted to bid for the final three gambling cards, and Liu Luanxiong joined hands with Gong Ruxin to bid together, as well as He Hongshen's sister He Wanqi and others. In the end, Ho got a gambling card, the American Wynn Group got a gambling card, and Lui Chi-ho and the United States Sands Group joint consortium also got a gambling card.
Later, because Lui Zhihe fell out with the Sands Group, in order to calm the people, the gambling cards became three positive and three pairs, and each positive card could be split into one sub-card.
Lui Che Woo and Sands Group each got a gambling card, and their company has grown into the most profitable bookmaker in Macau today. Stanley Ho's SJM split subcard was developed by Ho Chao-chung to mgm Macau. The sub-brand of Wynn Group was acquired by He Youlong and developed into today's Melco International.
Although Ho worked very hard to win three cards, the era that belonged to him eventually passed. In 2008, Ho invested 3 billion yuan to build Grand Lisboa, but by this time, the Ho family was already worried about internal and external troubles.
At this time, Huo Yingdong had been dead for 2 years, and He Hongshen himself was gradually entering the old world. In business, Ho has encountered strong sniping from Sands and Galaxy, and SJM's market share has been declining. At the same time, Sands and Galaxy introduced a comprehensive entertainment model and built a large-scale resort, which achieved great success. Grand Lisboa still hasn't come out of the old model, so development continues to decline.
At the same time, the infighting in the Ho Family became more and more intense. In 2009, He Hongshen was hospitalized for falling, and infighting broke out in full swing. He Chaoqiong joined forces with Chen Wanzhen to deal with Liang Anqi and He Chaoxian. At that time, the noise was boiling, and He Hongshen was also weak in heart.
Because of the problem of infighting, the company's development has also been affected, and the forces of all parties have constrained each other, and the development of SJM has become worse and worse. After all, MGM and Melco International have limited strength and cannot really stand alone.
In 2020, Stanley Ho died in Hong Kong, completing his life. In 1960, the previous generation of gambling kings, Fu Laorong, died, and a year later Ho Hongshen successfully won the Macau gambling card. Now that Ho has passed away, Macau has come to bid for a new gambling card, which can be said to be a turn of feng shui.