Sociedade de Turismo e Diversões de Macau
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The Sociedade de Turismo e Diversões de Macau, SA (Chinese: 澳門旅遊娛樂股份有限公司 abbreviated as STDM) is owned by Stanley Ho and his family. The company was founded in 1962 by Stanley Ho and his then partners Teddy Yip (Stanley Ho's brother-in-law through his sister, Susie Ho), Yip Hon and Henry Fok. Historically it held a monopoly to Macao's gambling industry as the only licensee for casinos. In 2002, the Macao government began issuing more licenses and the monopoly was broken. Still, of the 17 casinos in operation in Macao, 14 are owned by Stanley Ho.
STDM owns the following Macao casinos and hotels:
- Hotel Lisboa
- Mandarin Oriental, Macau
- Hotel Sintra
- Macau Golf and Country Club.
- Grand Emperor Hotel
- Tiger Slots
- Canidrome
- Casa Real Hotel
- Hotel Golden Dragon
- President Hotel
- Hotel Fortuna
- Grandview
- Greek Mythology Casino
At the moment, STDM is facing difficulties listing its subsidiary Sociedade de Jogos de Macau (SJM), which operates its casinos. This is because Stanley Ho's sister Winnie Ho Yuen-ki is objecting to the listing of SJM and is trying to file a lawsuit against the company.
STDM also owns a 31% interest in the Macau International Airport, the Seng Heng Bank Limited, and numerous land holdings in Macao.
[edit] See also
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