B
lack Spade Capital, the family office of casino magnate Lawrence Ho, has made a strategic investment in real estate brokerage firm IFCX. Founded by ex-Morgan Stanley banker Kingston Lai in 2014, IFCX helps institutional investors invest in alternative assets and assists property developers in various markets to market and sell their projects.

    The investment allows IFCX to tap into a wider network of high-net-worth individuals and the hospitality and entertainment sectors in Asia. The firm plans to expand its offerings with predictive market analytics and artificial intelligence-powered tools for investor engagement. "With Black Spade's backing, we're redefining how real estate is traded on a global scale," said Lai.

    This investment marks Ho's latest move outside of his core casino business in Macau. His company, Melco International Development, has been expanding its presence beyond the Asian gaming hub following Beijing's crackdown on capital outflow through gambling. Ho plans to pursue a license for an integrated resort in Thailand and is set to open a casino in Sri Lanka later this year.

    IFCX will leverage Black Spade Capital's network to enhance its services and expand its reach. The investment is expected to drive growth and innovation in the real estate industry, particularly in Asia.