Daisy Ho Chiu Fung stepped down from the board of MGM Macau at the end of last year. The information was confirmed to The Wall Street Journal by the head of the Gaming Inspection and Coordination Bureau, Manuel Joaquim das Neves. According to the newspaper, the move has lead to speculation among industry players that Ms Ho was looking at distancing herself from MGM Macau in order to get a board seat at Sociedade de Jogos de Macau. Ms Ho is one of the defendants named in a writ filed earlier this month by her father, Stanley Ho Hung Sun, to regain control of his gaming assets. This is the latest episode in the case of Mr Ho’s transfer of his 32 percent stake in STDM, held by Lanceford Co, to family-run firms Action Winner Holdings Ltd and Ranillo Investments Ltd. Action Winner Holdings Ltd is 100 percent owned by Mr Ho’s third wife, Ina Chan Un-chan, while Ranillo Investments Ltd. is owned by Mr Ho’s five children to his second wife, Lucina Laam: Pansy, Daisy, Maisy, Josie and Lawrence. Mr Ho was STDM’s largest shareholder. STDM is the parent company of SJM Holdings, which owns Sociedade de Jogos de Macau. When contacted by The Wall Street Journal, MGM Macau declined to comment.
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