Monday 29 July 2024

Meet the 29-year-old son of a casino billionaire who just took his influencer and esports company public

Mario Ho is making waves in the gaming industry — but not the one his billionaire father, the late casino titan Stanley Ho, was known for.

Last Friday, Ho took his company, NIP Group, public on the Nasdaq stock exchange. Ho holds 13.6% of the company's shares and controls 36.6% of the voting rights, according to the company's SEC filing earlier this month.

NIP Group makes money from live streams — both of esports and from third-party influencers — and event production and its esports arm. The company's relatively small-scale IPO raised $20 million, and Ho's stake was worth $69 million as of Friday's market close.


By Lian Kit Wee,

Full story at Yahoo News.

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