SJM, which operates 18 of Macau’s 28 casinos, has been trying to list it’s IPO with aims to raise US$1 billion by selling a 25 percent stake. SJM, which once had a monopoly on Macau gambling, accounted for 42 percent of the territory’s gaming revenue at the end of last year. This percentage is expected to drop to around 20 percent next year, apparently during the first two weeks of 2008 SJM’s share has reportedly dropped to 31 percent. On top of this profit for 2007 is expected to have fallen about 50 percent to US$156 million, down from US$312.5 million a year earlier, this surely must hurt them!

So where does this leave Dr Stanley Ho’s empire, well SJM/STDM has plans to over the next three years to spend more than US$1.4 billion on six new projects. This investment compared to what Galaxy, Melco PBL, Las Vegas Sands and Wynn are spending on their casinos is really peanuts! Please tell me more! »

Posted in Macau Business, Macau Casino, STDM | SJM, Stanley Ho No Comments »

It appears that investors have for the last 3 months have been seriously dumping Macau Casino related stocks, you just have to look at the numbers below to give you some indication. The question remain will they ever recover again to previous highs? It may be a blessing in disguise that Stanley Ho’s IPO has been blocked after all!

Read full story :: Macau Related Casino Stocks Dropping Over 55%

Posted in James Packer, Las Vegas Sands, MGM Mirage, Melco Crown, Sheldon Adelson, Stanley Ho, Wynn Resorts No Comments »

As we have been saying here all along, for the umpteemed time Stanley Ho cannot list his company without Winnie’s blessing (see: Stanley to Try Listing Again) as evidenced yesterday whereby the Hong Kong regulators again delayed the listing. So he better start to get her shares dispute sorted as this SJM IPO will never happen without it being resolved.

His siter Winnie Ho has waged a legal campaign, launching no fewer than 30 lawsuits against her brother since 2001 to reclaim ownership of a 7.3% stake in the holding company. She moved last week to seek judicial review to overturn a regulatory decision early this month to allow the IPO to go ahead.

Please tell me more! »

Posted in Macau Business, Macau Casino, STDM | SJM, Stanley Ho, Winnie Ho No Comments »

Sociedade de Jogos de Macau (SJM), partly owned by gaming tycoon Stanley Ho, will start marketing in Hong Kong this week its planned initial public offering of up to 1 billion US dollars worth of shares. SJM plans to offer 1.25 billion new shares, representing about 25 percent of its enlarged share capital.

Deutsche Bank is managing the IPO. And of the shares on offer, 85 percent will be sold to institutional investors, 5 percent to employees and 10 percent to the public.

Please tell me more! »

Posted in Economy & Business, Macau Gaming, Macau General, STDM | SJM, Stanley Ho, Winnie Ho No Comments »

SJM’s CEO Stanley Ho guaranteed that the very first building of Hotel Lisboa will be maintained, while local historians appealed to him to consider carefully over the Hotel Lisboa demolition plan, as reported by blogmacau info.

Ho admitted that the Hotel Lisboa, inaugurated in 1970, is more like a ‘cultural relics’ to many people. The design of the complex like a bird’s cage is also connected with the principles of Fong Shui, and so it will be maintained.

Please tell me more! »

Posted in Lisboa Casino, Macau Casino, Macau Heritage, STDM | SJM, Stanley Ho No Comments »

The banking sector in countries with Portuguese as an official language is entering the final stretch of 2007 on a high, with acquisitions, new banks, expansion and cooperation projects, opening up capital and many large-scale operations.

Stanley Ho, Macau’s gaming magnate, is one of the main protagonists, after buying a bank in Guinea Bissau, and, at the end of November, setting up a bank in Mozambique, a country in which he had already tried several approaches.

Please tell me more! »

Posted in Macau Business, Macau News, Stanley Ho No Comments »

After just celebrating his 88th birthday, it seems that Stanley Ho once again tries to push his long awaited Hong Kong listing. His biggest stumbling block will be his disgruntled and estranged sister Winnie Ho, who has managed so far to stop Stanley Ho from listing his casino empire. Unless he resolves his long running STDM shareholding dispute over US$385 million with her (Another Stanley and Winnie Ho Round)  we cannot see a SJM IPO listing in the foreseeable future soon.

Obviously, he needs the cash to fund his long awaited Oceanus project and spruce up his aging casino empire which are long overdue for refurbishment in the now fiercely competitive Macau casino market.

Please tell me more! »

Posted in Macau Business, Macau Casino, STDM | SJM, Stanley Ho, Winnie Ho No Comments »

Macau billionaire Stanley Ho paid a record $330,000 for a white truffle at a charity auction, beating competing bids from the U.K. artist Damien Hirst and Sheik Mansoor Bin Zayed al Nahyan of Abu Dhabi, the organizers said.

Please tell me more! »

Posted in Grand Lisboa, Macau Business, STDM | SJM, Stanley Ho No Comments »