Ho: Heir Apparent to Packer?

Lawrence Ho, the chairman and CEO of Melco Resorts & Entertainment, which now owns almost 20 percent of Crown Resorts, may be planning to buy an ownership stake in the company. That’s the speculation from some analysts and would help to position Melco to obtain a lucrative gaming license in Japan. Ho’s former partner and former Crown chairman James Packer (at left with Ho during the opening of Studio City in Macau), is applauding the move.