Jul 29, 2024 05:57 PM
BUSINESS
Casino Tycoon’s Son Builds His Own Fortune With E-Sports IPO
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Mario Ho
(Bloomberg) — Mario Ho, the youngest son of the late Macao casino magnate Stanley Ho, has found his own fortune far from the gambling tables that helped make his family one of Asia’s richest.
The 29-year-old started an e-sport business six years ago, looking for a toehold in the growing world of high-stakes gaming competitions. That company has now gone public, raising more than $20 million in New York after selling 2.25 million shares at $9 each, the bottom end of a marketed range.
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