Stanley Ho & family Net Worth

Ho, along with partners, including Hong Kong tycoon Henry Fok, Macau gambler Yip Hon and his brother-in-law Teddy Yip, bid for Macau franchises. By bidding high and promising to promote tourism and to develop infrastructure, they won the public tender for Macau's Gaming monopoly at a cost of approximately (US?)$410,000, defeating the longtime Macau casino barons, the Fu family. In 1961 the company was renamed Sociedade de Turismo e Diversões de Macau, S.A.R.L. (STDM). Business at its flagship Lisboa Casino Hotel blossomed, the hotel later to become well-known internationally. In the same year, Ho also set up Shun Tak Holdings Ltd, which was listed on the Hong Kong Stock Exchange. Through a subsidiary, TurboJET, it owns one of the world's largest fleets of high-speed jetfoils, which ferries passengers between Hong Kong and Macau.

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