Talks held late last week that appeared near an agreement to equitably split the holding company four ways never reached a final accord, the newspaper said, citing the statement from Ho’s lawyer, Gordon Oldham.
Stanley Ho instructed his law firm of Oldham, Li & Nie to carry out his wishes regarding the holding company, Lanceford, the Journal said, citing the statement. Ho’s SJM Holdings controls about 30 % of the casino market in the Chinese city of Macau, the newspaper said. Macau is the only part of China where casinos are legal.