Traditional Culture Encyclopedia - Hotel franchise - How did Stanley Ho become the gambling king of Macau from a down-and-out son?

How did Stanley Ho become the gambling king of Macau from a down-and-out son?

Mr. Stanley Ho was born in Hong Kong, with a rich family. But when he 12 years old, his father died and his family property was divided, so he and his mother had to wander for survival. He worked as a waiter, salesman and construction worker in Hong Kong, and his life was very tight. From 65438 to the early 1950s, Stanley Ho and his mother came to Macau and started to run casinos and luxury hotels. After years of development, he gradually established his own casino empire and became the gambling king of Macao. His wealth reached its peak in the1980s and became the second richest man in Hong Kong. The main reasons why Mr. Stanley Ho can become the gambling king of Macau from a down-and-out son are his keen business vision, innovative business strategy and bold decision-making power. He used a variety of marketing methods in casino management, such as opening membership system, providing free entertainment services, and launching incentive plans, which attracted a large number of gamblers. He also achieved rapid accumulation of wealth by constantly expanding business scope and developing new formats. At the same time, he also paid attention to the shaping of his own image and social image, participated in public welfare undertakings and charitable donations extensively, and established a good social image and reputation.