Hong Kong-Macao entrepreneur Stanley Ho passes away at 98

Hong Kong-Macao entrepreneur Stanley Ho Hung-sun passed away in Hong Kong on Tuesday afternoon at the age of 98, his family announced.

Ho died at around 1:00 p.m. local time at Hong Kong Sanatorium Hospital, his daughter Pansy Ho Chiu-king said at a media briefing outside the hospital.

Born in Hong Kong in November, 1921, Ho served as a member of the Standing Committee of the ninth to 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC).

Stanley Ho receives the Olympic torch as it passes through Macao on May 3, 2008. (VCG)