Shun Tak Holdings

Chinese property tycoon seeks US$212.7 million for 5 Hong Kong luxury homes

4 Aug 2023 - 6:00AM

Greater Bay Area

Shun Tak expects ‘modest recovery’ in tourism after slumping to US$71m loss

25 Mar 2023 - 4:27AMvideocam

Macau rethinks its casino hub role in post-Covid era

20 Mar 2024 - 10:38AM

06:31

Hong Kong reopens

Mainland China entrepreneurs visit Hong Kong, families reunite as border reopens

‘I’m too excited to say a word. I can finally go home after two years of not seeing the folks,’ says one traveller returning to Guangdong for the Lunar New Year holiday.

8 Jan 2023 - 5:40PM

Macau’s casino operators reveal plans for new attractions outside gaming

Macau’s six casino operators are expected to pump US$14.7 billion into the local economy with non-gaming projects required for new gambling licenses.

20 Mar 2024 - 10:40AMvideocam

Macau picks incumbents as Genting tycoon fails in casino bid

The announcement wraps up a jostling for rights to operate gambling halls in the world’s largest betting hub, where Macau remains the only place on Chinese soil where casinos are legal.

20 Mar 2024 - 10:33AMvideocam

A view of blackjack tables and gamblers inside The Venetian Casino in Macau on December 9, 2016. Photo: Shutterstock

CR Land to build flats with Hong Kong’s top developers in GBA

The state-backed real estate giant’s announcement comes as President Xi Jinping underscores the critical role of Hong Kong during the Chinese Communist Party’s 20th national congress in Beijing.

21 Oct 2022 - 8:30AMvideocam

7 companies vie for Macau’s 6 casino licences in beauty parade

The beauty parade was the culmination of years of work by Macau’s government to reform betting in the world’s gambling capital, as it continues to navigate a fine balance between a fiscal reliance on casino taxes, and Beijing’s push to diversify the city’s economy from betting.

20 Mar 2024 - 10:34AMvideocam

Covid-19 curbs: Hong Kong developers’ earnings tumble by up to 60 per cent

Covid-19 restrictions dragged on the profits of Hong Kong developers in the January to June period, with declines ranging from 40.5 per cent to 58 per cent, filings with the Hong Kong stock exchange on Thursday show.

25 Aug 2022 - 8:55PMvideocam

People in face masks walk on the Mid-Levels escalator in Central. Uncertainties surrounding Covid-19, ongoing geopolitical risks, restrictions on travel, rising inflationary pressure and interest rate hikes have combined to interrupt the global economy, Sino Group owner Robert Ng Chee Siong says. Photo: Xiaomei Chen

Macau’s casinos get in regulators’ cross hairs, wiping out stock values

The consultation, released a day after the city’s second Five Year Development Plan, is likely to translate into a new gambling law, most likely coming into effect before Macau’s six casino concessions expire in June 2022.

20 Mar 2024 - 10:35AM

The main gambling hall at the Grand Lisboa casino in Macau on 20 February 2020. Photo: Handout

International Property

Shun Tak debuts in Singapore with a US$26 million penthouse sale

The push into Singapore stands in stark contrast with Shun Tak’s footprint in Hong Kong, the birthplace and childhood home of the late casino tycoon Stanley Ho, where the company had not launched any project in six years.

10 Jun 2021 - 3:07PM

Millionaires and billionaires

Macau’s transformation plans run into difficulties

While analysts and industry observers agree on Macau’s need to diversify its economy from gaming, they say the city has to find a financial niche for itself.

4 Oct 2020 - 12:13PMvideocam

Singapore

A look at Stanley Ho’s foray into high-end Singapore property

The late Macau casino tycoon’s Shun Tak Holdings has spent more than US$1.4 billion on Singapore land and property since 2016, and market watchers are wondering if its residential and hotel projects are on track for completion.

31 May 2020 - 7:05AM

Late Macau gambling tycoon Stanley Ho opens a new casino in Lisbon in 2006. Photo: AFP

Pansy steps up as de facto head of gambling king’s sprawling Ho clan

Pansy is the eldest child of Ho’s second wife, the fifth out of 16 children in the extended clan, and described by the late magnate as the child who is most like him in personality.

2 Jun 2020 - 5:34PM

Stanley Ho (left, background) and Pansy Ho (foreground, right) at Shun Tak Holdings’ media conference on 19 January 2006. Photo: SCMP

Obituaries

Macau casino magnate Stanley Ho dies aged 98

Ho leaves behind a gambling empire that contributed to as much as half of the tax receipts earned by the Macau government, a heft that made him the first living Macanese to have an avenue in the territory named after him.

29 May 2020 - 5:53PM

Macau extends gambling licenses of SJM, MGM China until 2022

With the extension, the casino concessions of SJM and MGM China would be synchronised with Sands China, Wynn Macau, Galaxy Entertainment and Melco Resorts.

20 Mar 2024 - 10:36AMvideocam

Investors back Pansy Ho as Macau’s new casino queen

Shun Tak Holdings has deepened ties with one of Hong Kong’s wealthiest families to strengthen its control of the largest holder of casino licences in Macau, giving managing director Pansy Ho Chiu-king the upper hand in a family tussle for magnate Stanley Ho’s gambling empire.

24 Jan 2019 - 3:23PM

The Grand Lisboa among other casinos that dominate Macau’s skyline. Photo: Alamy Stock Photo

A wild past behind her, Pansy Ho now runs a multibillion empire

31 Jul 2018 - 11:23AM

Macau casino heiress Pansy Ho buys US$115 million Peak mansion

30 Jul 2018 - 4:05PM

The adaptable ‘Chinese gweilo’: the secret of Stanley Ho’s wealth

After his official retirement, Stanley Ho, who marks his 97th birthday in November, will remain as Chairman Emeritus of the company that he founded more than half a century ago

16 Jan 2019 - 11:56AM

China property

Shun Tak to partner with Shanghai Lujiazui in HK$6.9bn mixed-use development in Shanghai

2 Nov 2016 - 7:31PM

The project will feature offices, shopping, hotel accommodation and arts and cultural centre on a 133,500 square metre site in the Shanghai free-trade zone

New | Shun Tak boosts first-half core profit 225.6pc on strong property sales

29 Aug 2014 - 3:07PM

Shun Tak interim net profit falls 33pc to HK$672m as revaluation gains drop

Shun Tak said its first-half net profit fell 33 per cent year on year to HK$672 million but that Macau and Hong Kong property would boost earnings in the second half.

22 Aug 2013 - 2:13AM

Jetstar Hong Kong hopes Shun Tak deal will secure licence

The low-cost carrier (LCC) joint venture between China Eastern Airlines and Qantas' Jetstar Group is now more confident that with a local shareholder the government will recognise it as a Hong Kong-designated carrier and give it a licence.

7 Jun 2013 - 3:46AM

Jetstar Hong Kong's long wait to receive an operating licence may be coming to an end.

China Eastern Airlines

Stanley Ho's Shun Tak buys 33pc stake in Jetstar Hong Kong

Shun Tak Holdings is paying US$66 million for a third of the shares of Jetstar Hong Kong, the low-cost carrier awaiting regulatory clearance. The announcement came two days after the Hong Kong government said it had stopped processing applications of new airlines.

29 Aug 2013 - 4:13AM

(From left) Jetstar chief executive Bruce Buchanan, Qantas chief executive Alan Joyce and China Eastern Airlines chairman Liu Shaoyong. Photo: Sam Tsang

Property sales boost double dividend at Shun Tak

The company said core earnings amounted to HK$453 million for the year to December, up from HK$384 million in 2011. Taking into account HK$2.11 billion in revaluation gains from investment properties, net profit was HK$2.56 billion last year, more than triple the HK$781 million recorded in 2011.

26 Mar 2013 - 5:43AM