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Hong Kong — Stanley Ho, a onetime kerosene trader who built a casino empire in Macau that propelled the Chinese island past Las Vegas as the world’s biggest gambling hub, has died at age 98, according to members of his family.

Known as the King of Gambling, Ho dominated gaming in the former Portuguese colony after winning a monopoly licence in 1961. His SJM Holdings flourished as China’s economic opening created a flood of new wealth in a country with a passion for gambling. SJM now controls 20 casinos on an island of about 25 square kilometres...

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