Casino mogul bids $330K for 2 white truffles

MACAU Billionaire Stanley Ho made the winning bid on Saturday at a charity auction. The auction was staged at Ho's Grand Lisboa hotel in the former Portuguese colony of Macau, with bidders participating simultaneously in Rome and London through a satellite link.

The bid matched the record price paid at the same event three years ago.

Sixteen lots of white truffles from different areas of Italy went on the block, raising a total of $373,500 for various charities in Macau, Britain and Italy.

White truffles are the most expensive and highly prized of Italy's truffles. Slivers of the delicacy are prized for flavoring pasta sauces and rice dishes.

The Associated Press contributed to this report.

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