As pressure grows on Macau to find new reasons for revenue, scion of casino dynasty imagines an alternative future for that other SAR
Sabrina Ho Chiu-yeng has been doing what she can to assist Macau diversify. The 26-year-old daughter of Stanley Ho Hung-sun could be higher quality for gracing society and entertainment pages, but in January she organised the first Macau sales by China’s state-owned Poly Auction and also in November held her annual hotel art fair, having already launched an exhibition in promoting the job of young art graduates in September.

“Macau is evolving,” she tells The Collector. “We don’t want to rely just for the gaming industry. We want more families in the future to put holidays, we would like to boost our cultural and inventive industries.”
This is a politically correct view for that daughter of a casino magnate. Macau influences cross hairs of Beijing’s fight against corruption and capital outflow. The central government started urging the location to relinquish its addiction to the gaming sector, the required taxes that spend on most public expenditures, back through the boom years, in the event the “build it and they’re going to come” mentality ruled the casino industry. Today, mainland policies to discourage high rollers joined with a slowing economy have risen pressure to succeed to find new revenues.
Fundamental change continues to be slow in the future. Five casinos have opened since 2012 plus much more are saved to just how, including two from branches with 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 Casino tycoon daughter‘s half-sister Pansy Ho Chiu-king.

So may be Sabrina’s cultural endeavours all slightly 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 features a presence. Inturn, Ho says, sherrrd like the auctions to assist attract tourists and possibly let the city’s 600,000 residents to produce a greater portion of a desire for culture. The partnership, called Poly Auction Macau, is 51 per cent properties of Poly as well as the rest by Ho’s company, Chiu Yeng Culture.
Ho was raised encompassed by art as well as other collectables properties of her parents but she is a newcomer towards the auctions business. After graduating with an arts degree through the University of Hong Kong, in 2013, she labored on the branding and marketing side with the family’s hotel and property businesses. “But I like art and I asked Poly if I can perform part-time at their Hong Kong office, to find out about the auction world,” she says.
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