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 a company in Macau owned by Stanley Ho and his family. Historically it held a monopoly to Macau's gambling industry as the only licensee for casinos. In 2002, the Macau government began issuing more licenses and the monopoly was broken. Still, of the 17 casinos in operation in Macau, 14 are owned by Stanley Ho.

[edit] History

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.

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.^{[citation needed]}

[edit] Holdings

• Grand Lisboa
• Hotel Lisboa
• Mandarin Oriental, Macau
• Hotel Sintra
• Pousada de Sao Tiago
• 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
• Macau International Airport 31% interest
• Seng Heng Bank Limited
• Jet Asia
• New Yaohan Department Store
• numerous land holdings in Macao

[edit] References