Entries Categorized as 'Winnie Ho'
June 28, 2008
Sociedade de Jogos de Macau (SJM), the largest casino operator in Macau, started bookbuilding yesterday for an IPO that aims to bring in between HK$3.85 billion and HK$5.1 billion ($494 million and $654 million). If the deal is completed, it will be the third largest IPO in Hong Kong this year after China Railway Construction Corporation and Want Want China Holdings.
However, SJM has trimmed its expectations quite significantly since its most recent attempt to go public in January when it was testing the market for a deal of up to $1 billion.
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Posted in STDM | SJM, Stanley Ho, Venetian Macao, Winnie Ho 
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January 17, 2008
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.
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Posted in Macau Business, Macau Casino, STDM | SJM, Stanley Ho, Winnie Ho No Comments »
January 9, 2008
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.
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Posted in Economy & Business, Macau Gaming, Macau General, STDM | SJM, Stanley Ho, Winnie Ho No Comments »
December 2, 2007
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.
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Posted in Macau Business, Macau Casino, STDM | SJM, Stanley Ho, Winnie Ho No Comments »
January 4, 2007
This a detailed report about the latest casino happenings in Macau
Courtesy -The Standard | The Hotel Lisboa used to be the only game in Macau. The birdcage-shaped casino has welcomed Chinese playing baccarat, blackjack and Asian dice game sic bo- amid smoke-stained walls and frayed carpets for 35 years.
Now, the Lisboa and other casinos in Stanley Ho Hung-sun’s gaming company, Sociedade de Jogos de Macau (SJM), are facing a horde of competitors. Ho, who had a government monopoly on Macau gaming for four decades until 2004, has seen his share of gambling revenue dive to 55 percent from 100 percent - and it is still shrinking.
Posted in Crown Macau, Grand Lisboa, James Packer, Macau Casino, Macau News, Melco Crown, Sands Macau, Sheldon Adelson, Stanley Ho, Steve Wynn, Winnie Ho, Wynn Macau No Comments »
December 13, 2006
And so the story goes on…
The last round saw Madame Winnie Ho victorious, so obviously she believes she is riding high and is ready for the next punch! Apparently Dr.Stanley Ho, through STDM, which owns about 80% of SJM casinos, owns Winnie Ho a cool US$385 million, this is part the last 5-years dividends due to her as she is 8% shareholder in the Macau company.
As I like doing the numbers, let’s work out STDM |SJM profits for the past 5-years, well it’s about US$4.8 billion, or about US$1 billion per year. Now, you can see why everybody is falling heads over heels to join the game in Macau.
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Posted in Babylon Casino, Grand Lisboa, Macau Business, Macau Casino, Macau Gaming, Macau News, Stanley Ho, Winnie Ho No Comments »
November 25, 2006
Dr. Stanley Ho must be slowly preparing for the listing of SJM. Of course he has two hurdles to overcome, Winnie Ho and the conflict of interest between SJM and Melco as they both are casino license holders in Macau.
Macau casino mogul Stanley Ho Hung- sun sold HK$1.02 billion worth of Melco International Development (0200) shares Friday, paving the way to clear the regulatory hurdle for gaming company Sociedade de Jogos de Macau’s US$2 billion (HK$15.6 billion) listing in Hong Kong.
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Posted in Macau Business, Macau Gaming, Macau News, Melco Crown, STDM | SJM, Stanley Ho, Winnie Ho No Comments »
October 16, 2006
It seems that the Big Brother Dr. Stanley and Little Sister Winnie battle is never ending. These two are fighting like wolves and never seem to find even just a compromise. Mind they are not getting any younger either, as usual only the laywers are winning on this case.
Winnie Ho appealed to the Court of Final Appeal, who pointed out particularly that her situation is an “independent request” to STDM, because STDM requested the Court to contain in the new shareholders’ list contents that are different from Winnie Ho’s stance, and that Winnie Ho has the right to file a counter lawsuit as long as the requirements of the Civil Lawsuits Code are met.
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Posted in Macau Business, STDM | SJM, Stanley Ho, Winnie Ho No Comments »
