Asian casino magnate denies organized crime ties

Mar 18, 2010 5:37 PM

Asian casino magnate Stanley Ho denies he has ties to Chinese organized crime gangs.

His denial via a spokeswoman came a day after New Jersey gambling regulators accused Ho of letting gangs operate and prosper inside his casinos.

MGM MIRAGE (MGM) decided to sell its 50 percent interest in Atlantic City's top casino after the state forced it to choose between New Jersey and the lucrative Chinese gambling market. MGM has a partnership with Ho's daughter in a Macau casino.

A spokeswoman for Ho said Thursday he denies having any links to Chinese gangs, called triads. His daughter, Pansy, declined comment.