As pressure grows on Macau to discover new sources of revenue, scion of casino dynasty imagines an alternative future for that other SAR
Sabrina Ho Chiu-yeng is performing what she could to assist Macau diversify. The 26-year-old daughter of Stanley Ho Hung-sun might be higher quality for gracing society and entertainment pages, in January she organised the very first Macau sales by China’s state-owned Poly Auction and also in November held her very own annual hotel art fair, having already launched an exhibit to market the project of young art graduates in September.


“Macau is changing,” she tells The Collector. “We don’t desire to rely just about the gaming industry. We want more families to come here for holidays, we would like to boost our cultural and inventive industries.”
This is the politically correct view for that daughter of a casino magnate. Macau is within the cross hairs of Beijing’s war on corruption and capital outflow. The central government started urging town to quit its being hooked on the gaming sector, the required taxes where purchase most public expenditures, back through the boom years, if the “build it and they will come” mentality ruled the casino industry. Today, mainland policies to discourage high rollers combined with a slowing economy have gone up pressure to discover new revenues.
Fundamental change may be slow to come. Five casinos have opened since 2012 and much more take presctiption just how, including two from branches from the Ho empire – the Grand Lisboa Palace, led by Ho’s mother, Angela Leong On-kei (Stanley’s so-called “fourth wife”), and MGM Cotai, headed by Sabrina ho‘s half-sister Pansy Ho Chiu-king.

So might be Sabrina’s cultural endeavours all just a little of soppy public relations for that clan?
Well, China’s biggest auction house is treat­ing her seriously, and hopes her youthful energy and family connections can help it enter a brand new and wealthy market where no international house has a presence. Inturn, Ho says, sherrrd like the auctions to assist attract tourists as well as perhaps let the city’s 600,000 residents to produce much more of a desire for culture. Their bond, called Poly Auction Macau, is 51 percent owned by Poly as well as the rest by Ho’s company, Chiu Yeng Culture.
Ho was raised surrounded by art along with other collectables owned by her parents but she is fairly new on the auctions business. After graduating by having an arts degree from your University of Hong Kong, in 2013, she handled the branding and marketing side from the family’s hotel and property businesses. “But I favor art and I asked Poly if I could work part time in their Hong Kong office, to find out about the auction world,” she says.
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