Stanley Ho Denies Gaming Regulator Claims That He Has Mob Ties

About gambling news Stanley Ho is aging, but that does not mean the casino tycoon is going to take it lightly when accusations against him fly. That is why on Thursday he denied any association with organized crime in China.

Gaming regulators in New Jersey claimed in a report that Ho had knowingly allowed organized crime groups to operate inside his Asian casinos. The report stems from the regulators finding that Pansy Ho, Stanley's daughter, was not suited to partner with MGM Mirage.

Instead of going along with the ruling, MGM chose to sell their share of the Borgata Hotel Casino & Spa. The company has vowed to move away from the Atlantic City casino industry rather than cut ties with Pansy Ho.

A statement issued by MGM claims that the company has a "spotless operating record at MGM Grand in Macau." Stanley Ho gave his response to the allegations on Thursday.

"But his position on the record is clear that there is absolutely no foundation in any suggestion that he is associated with organized crime or triads," said Janet Wong, a spokeswoman for Ho. She stated that Ho had not yet seen the report before issuing her statement.

MGM has taken issue with the connection that gaming regulators made between Pansy Ho and her father. The company explained that the elder Ho had nothing to do with their business relationship with his daughter, and that he was not involved in the deal.