The eldest living daughter of the “King of Gambling” has put forward two experts from a consultancy firm to administer her late father’s estate.
Hong Kong.- Angela Ho Chiu-yin, the eldest living child of late gambling tycoon Stanley Ho Hung, has applied for a High Court order to name two administrators for her father’s estate.
Several of the 17 children Ho fathered during his lifetime have legally registered their interest in the SJM founder’s estate, but the court has not yet proceeded.
Angela Ho has proposed Tiffany Wong Wing-sze and Edward Simon Middleton, both managing directors of Alvarez & Marsal Asia, as administrators.
The HK state is to cover the fees of the two experts, which, according to the South China Morning Post, range from HK$2,535 to HK$6,630 (US$327 to US$855) an hour.
Angela’s application was made under the Probate and Administration Ordinance, which applies in cases where a person dies without leaving a designated executor of their will.
The “King of Gambling” died last May at 98 years of age. His personal fortune was estimated at HK$50 billion (US$6.4 billion) at the time of his retirement in 2018.