Stanley Ho’s Shun Tak Holding Makes US$128 Million Profit

Written on April 11, 2008 by a2zMacau

Shun Tak, the holding company of Macau gaming and gambling magnate Dr Stanley Ho, said Tuesday that in 2007 it had posted a net profit of US$128 million, which was a rise of 52.7 percent against 2006, a year in which profit totalled US$85 million.

Shun Tak, which has interests in the sea and air transport, hotel and real estate sectors, also said that the number of passengers carried on the Hong Kong-Macau route was 14 million, which was a year-on-year rise of 15 percent.

In 2007 Macau received 27 million tourists, which was a rise of 22.7 percent on 2006.

Shun Tak’s transport division posted a profit of US$33 million, which was a rise of 9.5 percent against 2006.

Shun Tak has a 15.8 percents take in Sociedade de Turismo e Diversões de Macau (STDM) which owns 80 percent of Sociedade de Jogos de Macau (SJM) which controls 19 of the 29 casinos in Macau.

At the beginning of the month SJM announced profits of US225 million in 2007, which was a fall of 20 percent against 2006.

With permission :: Macau Daily Times

Technorati Tags: macau, Macau Gaming, Stanley Ho