The Casino Industry’s Top 10 Billionaire List

5 October 2016 3 minutes to read
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Forbes released the world’s 10 richest casino moguls, the interesting thing about the list is that there’s not a Russian or South American on it. It indicates the sheer scale of the self-made wealth while half of the list consists of South East Asian billionaires. It’s a testimony in itself that the Chinese are a nation of gamblers. Although Macau tried to break the shackles of Stanly Ho by splitting up his licenses, his siblings and wives tell a different story.

 

The World’s Richest Casino Owners

1. Sheldon Adelson

It comes as no surprise to us that Mr Adelson occupies the top spot with a cool $38 billion, he’s also the 8th richest man in the world. In 2013 he made a staggering $32 million per day as his shares in Las Vegas Sands really took off. He decided to pull the plug on his $30 billion EuroVegas project in Spain. He’s also a staunch campaigner against online gambling regulation in the United States.

2. Lui Che Woo

With a personal wealth of $22 billion Mr Che Woo is the 28th richest man in the world. His shares in Galaxy Entertainment in Hong Kong practically doubled during the past 2 years. He had an eureka moment when he forked out a whopping $1.1 billion for a Macau Gaming License that has seen Galaxy’s market cap soar to $40 billion. Lui plans on turning Hengpin island into a casino metropolis.

3. Johann Graf

The enigmatic Johann Graf is the first Austrian to grace the billionaire list. Presently he’s Austria’s second richest citizen with a cool $7.2 billion. In 2012 his net profit from the Novomatic Group of Companies increased by 9.1% to €359 million on revenue of €3.2 billion.

4. James Packer

Mr Packer is the world’s 208th richest person but the 4th richest casino tycoon. His personal wealth currently tips the scales at $6.5 billion dollars and he’s only 48 years old. He owns casinos in Australia and has a joint venture named Melco Crown Entertainment in Macau and Manila with Lawrence Ho.

5. Pansy Ho

Mrs Ho is the 212 richest person in the world and 5th on Forbes’ casino mogul list. She’s 53 years old and lives in Hong Kong. Standing tall with $6.4 billion she’s the co-chair of MGM China which saw her wealth shoot up by $2 billion when MGM Resorts’ revenue jumped by 70 percent. Incidentally Pansy is also Hong Kong’s richest woman.

6. Kunio Busujima

Mr Busujima a native from Japan is the honorary chairman of pachinko gaming-machine developer Sankyo. During his 90 odd years he amassed a fortune to the tune of $4.9 billion. His company, now run by his son Hideyuki has gone from strength to strength over the past three years.

7. Kirk Kerkorian

Currently the 328 richest man in the world this hotel magnate hails from the United States. He’s $4.5 billion strong and still making money at the grand old age of 98. Despite selling $750 million worth of shares of MGM International Resorts, he retained one-fifth of the shares which virtually doubled the past few years-boosting his net worth by $1.2 billion.

8. Steve Wynn

Mr Wynn’s bank statement indicates a scrumptious $3.8 billion is enough to put a smile on any bank manager’s face. He was embroiled in a legal battle with Kazuo Okada but dropped the allegations. While prosecutors investigated Okada’s possible involvement in bribery in the Philippines his ex wife Elaine grabbed the opportunity to try and regain voting control of her Wynn Resorts stock.

9. Hang Chang-Woo

Korean Japanese businessman Hang Chang-Woo’s personal wealth tips the scales at $3.4 billion. He is the chairman and CEO of Maruhan which owns bowling alleys, pachinko parlors, movie theaters and golf driving ranges in Japan. The Tokyo Tower has more than 500 of his machines which challenges 5,000 players on a daily basis. To ensure transparency and safety the machines are replaced every 6 months.

10. Lawrence Ho

Only 39 years old he’s the youngest billionaire on the Forbes list with $3 billion. He is the son of gambling-industry legend Stanly Ho and in a joint venture with Australian billionaire James Packer. He teamed up with famous Hollywood actor Robert De Nero who’s helping him to market his Nobu hotel in Manila.

Reference

1. http://www.forbes.com/sites/muhammadcohen/2016/01/10/macau-casino-mogul-fortunes-fall-as-gaming-revenue-share-prices-decline/#18376f7b2082

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