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His business savvy saw him try his hand at many trades, but he struck gold when he won a gambling monopoly from the Portuguese government in the early s that led to him transforming the sleepy colonial backwater into a gambling empire with a revenue exceeding Las Vegas, earning him billions.
His flagship firm, SJM Holdings, held the monopoly for four decades until , three years after China took back control of the former Portuguese colony and opened it up to competition.
The firm still operates 20 casinos on the tiny island. Shares in companies controlled by the tycoon and his family surged today, led by Shun Tak Holdings [HKG], now run by daughter Pansy Ho.
SJM Holdings [HKG] gained 7. Casino services firm Macau Legend Development [HKG], in which the Ho family holds a stake, rose 6. Ho had close affiliations with the Chinese government.
He took part in the negotiations between the Chinese, UK and Portuguese governments concerning the handover of Hong Kong and Macau.
SJM operates portfolio of casinos in Macau out of the six concessionaires and sub- concessionaires and offers an array of gaming experiences that cater to different types of gaming patrons.
As of December 31, , SJM operated 18 of the 28 casinos in Macau, featuring a total of VIP gaming tables in 75 VIP rooms, 1, mass market gaming tables and 3, slot machines.
On February 1, , SJM commenced operations of Casino Ponte 16, which included mass market gaming tables and slot machines. As of December 31, , SJM operated nine self-promoted casinos and 10 third party-promoted casinos.
As of December 31, , SJM's gaming tables accounted for approximately As of December 31, , SJM's slot machines accounted for Social Media.
Shun Tak Shipping Company, Limited is a company which has an interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.
Shun Tak Holdings Limited the "Company" and its subsidiaries the "Group" is a leading listed conglomerate with core businesses in property, transportation Chairman Dr Cheng Kar Shun, Henry GBS Dr Cheng 67 was appointed as Executive Director in March and became the Chairman in March He is also the Chairman Directors' Biographical Information.
Executive Committee Front from left to right Andrew Hunter, H L Kam, Victor Li, Edmond Ip, Dominic Chan Back from left to Stock Code.
Name of Listed Company. Listed Company's Website Address. CK Hutchison Holdings Limited. CLP Holdings Limited.
Hong Kong. Sjm Holdings. About Us.