Macau Gambling King Stanley Ho Taking Company Public

Stanley Ho had a vision much like other businessmen. For years he parlayed that vision into a gambling monopoly in Macau. He lost that monopoly in 2002, but still remains one of the biggest figures in Macau casino gambling.

The industry has seen a tremendous boom over the past several years. Macau has become even a bigger casino gambling player than Las Vegas, something that would not have even been dreamed up twenty years ago.

Ho is the catalyst that began all the madness in Macau. He has now decided, finally to take his company, Sociedade de Jogos de Macau Holdings, public.

Ho has been back and forth about going public with his company for several years. On Thursday, he will make the firm public. "I want everyone to know we will launch the initial public offering according to plan. We will not let anyone stop us," said Ho at a meeting with potential investors this week.

The goal for Ho is to raise 655 million dollars by making the company public. The shares go on subscription offer from June 26th to July 2nd.

Although many Las Vegas casino operators have moved into Macau, Ho is still believed to be the the biggest. He is going public with his company in order to raise money needed to keep competing with the Vegas companies.

June 25, 2008
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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