Regulatory filings made in Hong Kong show that Angela Leong, the woman known as the fourth wife of gambling mogul Stanley Ho, has increased her stake in his booming Macau casino business. Stock-market filings made public Thursday indicate Ms. Leong’s effective stake in SJM Holdings Ltd., the Hong Kong-listed portion of the multibillion-dollar gambling business Mr. Ho founded four decades ago, has risen to 11%.
That strengthens her influence over the business, bolstering her position despite challenges mounted by other factions of the sprawling Ho family over who will control the ailing Mr. Ho’s gambling empire. Shares and options previously gave Ms. Leong control of roughly 8% of SJM.
“This consolidates her hold,” said Huei Suen Ng, gambling analyst at CLSA Asia-Pacific Markets. Ms. Leong’s enlarged stake is the result of a settlement ending a bitter months-long family quarrel over control of Mr. Ho’s holdings. The settlement, announced March 10, puts to rest a dispute that burst into the open earlier this year, casting an unflattering spotlight on the mogul’s warring family. Mr. Ho has 17 known children by four different women that he and others refer to as his wives. Mr. Ho shuttles among his households. Representatives of Mr. Ho’s children declined to comment. Mr. Ho couldn’t be reached for comment.