Dr. Ho has made extensive contributions to the gaming business of Macau and to the sustainable prosperity of Macau over the past 47 years. Dr. Ho is the founder of Sociedade de Turismo e Diversões de Macau, S.A. (“STDM”), which in 1962 was awarded the exclusive gaming franchise of Macau, and he has served as its Managing Director since then. STDM carried Dr. Ho’s vision of bringing modern gaming entertainment to Macau and thereby enhancing the prosperity of Macau’s population.Dr. Ho’s business interests extend from Macau, Hong Kong, China and Portugal to across the globe and cover a spectrum of industry sectors including gaming, hospitality, real estate, shipping and aviation.
Macau gambling magnate Stanley Ho has stepped down as executive chairman of Hong Kong conglomerate Shun Tak Holdings Ltd, with daughter Pansy Ho taking up the position. Established in 1972, Shun Tak Holdings is a leading conglomerate in Hong Kong with core businesses in transportation, property, hospitality and investments. It has a strong established presence […]
SJM Holdings has appointed Stanley Ho’s daughter Daisy as an executive director, while it also announced the retirement of Dr Rui Jose da Cunha. Ho has been the deputy managing director and chief financial officer of Shun Tak Holdings since 1999. She is also a member of the executive committee, remuneration committee and nomination committee […]
Chow Tai Fook, which is currently in talks to acquire the Baha Mar resort has denied allegations that it is somehow involved with gaming mogul Stanley Ho in the deal. “The Cheng Family is an investor in Sociedade de Turismo e Diversões de Macau (STDM), which owns the gaming subsidiary, SJM Holdings Ltd (SJM),” CTFE […]
HK-listed Shun Tak Holdings, owned by Hong Kong gaming tycoon Stanley Ho, has bought a prime land site off Singapore’s Orchard Road shopping belt, its first acquisition in Singapore, local media reports. Shun Tak acquired a two-storey bungalow for a total consideration of SG$145 million (US$104.8 million), which includes land. “The land parcel, with a […]
Macau have police arrested Alan Ho, a senior executive of SJM Holdings and a nephew of the group’s founder Stanley Ho, along with five other people suspected of running a prostitution ring, according to media reports. Ho was under suspicion of running a ring at the company’s Lisboa hotel. The bust was the largest crackdown […]
Stanley Ho, known as the founding father of Macau’s gaming industry, will step down from his position as chairman and executive director of SJM Holdings after the company’s annual general meeting in June. In a filing with the Hong Kong Stock Exchange, SJM said Ho will be appointed as chairman emeritus to acknowledge his contributions […]
Stanley Ho, known as the king of gambling, has formally retired from his post as chairman of SJM Holdings, ending a six-decade career in Macau’s gambling industry.
Stanley Ho, who dominated Macau’s casino industry for four decades before the market was opened for competition in 2002, passed away on Tuesday, 26th May at the age of 98, according to a report from China Central Television (CCTV). Ho was reported to be in a critical condition on Monday. Ho was known as the […]
The death of Stanley Ho is not expected to have any impact on SJM Holdings’ operations, given Ho’s limited involvement in the business since 2009, say analysts. Bernstein analysts note that the gaming mogul had effectively removed himself from SJM as early as 2009 after suffering a head injury and a series of brain surgeries. […]
The creation of a global sports brand based around horse and greyhound racing as part of a vision to promote Macau as a World Centre for Tourism and Leisure is likely to remain a pipedream without significant investment and de-regulation, insiders say.As gaming revenue continues to fall in Macau many experts have called for the gambling mecca to let go of its reliance on casino games and diversify into tourism, potentially with an emphasis on sporting or cultural activities.
Besides being titans in the casino world, there’s something else that Sheldon Adelson, Stanley Ho, Lim Kok Thay and Steve Wynn have in common and this factor may lead to important regulatory repercussions for their business empires.