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Lawyer tapes casino king asking that suit proceed

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Lawyers for Stanley Ho released three videos Monday that they say show he wants to continue with a lawsuit against family members accused of seizing the tycoon's $1.6 billion stake in his Macau casino empire.

It's yet another twist in a family feud that erupted last week over who will control Ho's interests in the world's biggest gambling market.

Ho, who was hospitalized for seven months after reportedly undergoing brain surgery in August 2009, has 16 surviving children by four women he calls his "wives." The unfolding drama highlights a power struggle among different branches of the family for control of his lucrative gambling business.

The video clips show the 89-year-old billionaire answering questions from his lawyer, Gordon Oldham, about the dispute, which became public when Hong Kong-listed casino operator Sociedade de Jogos de Macau, or SJM, said nearly all of Ho's shares were being transferred to the families of his second and third wives.

Full post as published by Daily Bar News on February 01, 2011 (boomark / email).