Lawrence Ho, the head of Melco Resorts and Entertainment, is no longer among Hong Kong's wealthiest.
His net worth dropped by about half due to Melco's share price plunging and China's economic slowdown. Melco struggled due to Beijing crackdown on VIP junkets and Macau reforms.
Despite Melco's recent revenue increase and Ho's successful ventures elsewhere, his wealth mostly comes from Melco
His net worth dropped by about half due to Melco's share price plunging and China's economic slowdown. Melco struggled due to Beijing crackdown on VIP junkets and Macau reforms.
Despite Melco's recent revenue increase and Ho's successful ventures elsewhere, his wealth mostly comes from Melco