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		</div><p>Billionaire Stanley Ho, who was considered the father of modern gambling in China, has died at the age of 98.</p>
<p>Known as the “<i>King of Gambling</i>”, Mr Ho secured for himself a four-decade monopoly on casinos in Macau, then used his home advantage to build an empire that still dominated the industry after it opened to foreign companies in 2002.</p>
<p>He was the former Portuguese colony’s richest tycoon, a lavish spender and accomplished ballroom dancer who wielded great influence both in Macau and in neighbouring Hong Kong while – according to US authorities – maintaining ties to organised crime.</p>
<p>Mr Ho fathered 17 children with four women. His extended family erupted in high-profile squabbles over his empire during his later years.</p>
<p>Even though casinos made his fortune, Mr Ho avoided the gaming floor.</p>
<p>“<i>I don’t gamble at all. I don’t have the patience,</i>” he told the Associated Press in a rare interview in 2001.</p>
<p>“<i>Don’t expect to make money in gambling. It’s a house game. It’s for the house.</i>”</p>
<p>He also had stakes in businesses that run everything from the ferries and helicopters connecting Hong Kong and Macau, to department stores, hotels, Macau’s airport and its horse-racing tracks.</p>
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