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 
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January 10, 2008
Investor Update Fourth Quarter 2007
Quarterly Highlights
* US$43.1 million in new acquisitions announced
* 101% of Company’s equity now committed
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Posted in Condominium, Design & Construction, Development, Infrastructure, Macau Business, Macau General, Macau Property, Macau Success, Social and Politics, eSun 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 »
January 6, 2008
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.
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Posted in Lisboa Casino, Macau Casino, Macau Heritage, STDM | SJM, Stanley Ho No Comments »
January 1, 2008
A decision to change where some of Macau’s top junket operators bring their big-spending customers could be troublesome for Las Vegas Sands Corp. and Wynn Resorts Ltd.
Ten Macau gambling representatives signed a new agreement this month to take their high rollers to the Crown Macau, which opened in May. The casino is operated by Melco PBL, a joint venture between Australian tycoon James Packer and Hong Kong businessman Lawrence Ho, son of Macau casino pioneer Stanley Ho.
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Posted in Cotai Strip, Crown Macau, Macau Casino, Venetian Macao, Wynn Macau No Comments »
December 28, 2007
The efforts by MGM Mirage to open a casino halfway around the world have led to a review of whether there’s a conflict of interest within the New Jersey Division of Gaming Enforcement.
For nearly three years, the division has been conducting an investigation into MGM’s partner in the Chinese enclave of Macau. The partner, Pansy Ho, is the daughter of gambling magnate Stanley Ho, who for decades has been suspected of having connections to the Chinese mob.
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Posted in MGM Grand Paradise, MGM Mirage, Pansy Ho No Comments »
December 19, 2007
Gaming giant MGM Mirage on Tuesday raised the curtain on its only casino resort outside the United States with a glitzy opening ceremony in the world’s biggest gambling hub of Macau.
MGM Grand Macau, half-owned by MGM Mirage and half by Pansy Ho, daughter of the original Macau casino mogul Stanley Ho, joins its rivals in trying to attract the hordes of Chinese gamblers from across the border.
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Posted in Asia Casinos, MGM Grand Macau, MGM Grand Paradise, MGM Mirage, Macau Business, Macau Casino No Comments »
December 19, 2007
MGM Mirage said yesterday it was unconcerned about the overcapacity of hotels and casinos in Macau, a day before it opens its casino. MGM Mirage chief executive officer Terry Lanni also dismissed fears about rising construction costs as foreign companies poured in billions of dollars into building casinos and hotels to tap the booming gaming market.
MGM Grand Macau on “The Strip”
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Posted in MGM Grand Macau, MGM Grand Paradise, MGM Mirage, Macau Business, Pansy Ho No Comments »
