As pressure grows on Macau to discover new options for revenue, scion of casino dynasty imagines a different future for that other SAR
Sabrina Ho Chiu-yeng is performing what she can to assist Macau diversify. The 26-year-old daughter of Stanley Ho Hung-sun could possibly be more well known for gracing society and entertainment pages, however in January she organised the very first Macau sales by China’s state-owned Poly Auction and then in November held her very own annual hotel art fair, having already launched an exhibit to promote the task of young art graduates in September.


“Macau is evolving,” she tells The Collector. “We don’t desire to rely just for the gaming industry. We would like more families into the future to put holidays, we would like to boost our cultural and artistic industries.”
This can be a politically correct view for that daughter of the casino magnate. Macau is incorporated in the cross hairs of Beijing’s war on corruption and capital outflow. The central government started urging the location to relinquish its being hooked on the gaming sector, the required taxes that pay for most public expenditures, back during the boom years, if the “build it and they will come” mentality ruled the casino industry. Today, mainland policies to discourage high rollers along with a slowing economy have gone up pressure to succeed to discover new revenues.
Fundamental change has become slow into the future. Five casinos have opened since 2012 plus much more are stored on the way in which, including two from branches in 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 Stanley ho daughter‘s half-sister Pansy Ho Chiu-king.

So can be Sabrina’s cultural endeavours all just a bit of sentimental pr for that clan?
Well, China’s biggest auction house is treat­ing her seriously, and hopes her youthful energy and family connections will help it plunge into a fresh and wealthy market where no international house carries a presence. In exchange, Ho says, sherrrd like the auctions to assist attract tourists and maybe let the city’s 600,000 residents to formulate a greater portion of a desire for culture. The partnership, called Poly Auction Macau, is 51 percent owned by Poly and the rest by Ho’s company, Chiu Yeng Culture.
Ho spent my childhood years in the middle of art and other collectables owned by her parents but jane is a novice on the auctions business. After graduating with the arts degree from your University of Hong Kong, in 2013, she worked on the branding and marketing side in the family’s hotel and property businesses. “But I favor art and I asked Poly only perform in their free time within their Hong Kong office, to understand the auction world,” she says.
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