Shun Tak, the holding company of Macau gaming and gambling magnate Dr Stanley Ho, said Tuesday that in 2007 it had posted a net profit of US$128 million, which was a rise of 52.7 percent against 2006, a year in which profit totalled US$85 million.
Shun Tak, which has interests in the sea and air transport, hotel and real estate sectors, also said that the number of passengers carried on the Hong Kong-Macau route was 14 million, which was a year-on-year rise of 15 percent.
In 2007 Macau received 27 million tourists, which was a rise of 22.7 percent on 2006.
Shun Tak’s transport division posted a profit of US$33 million, which was a rise of 9.5 percent against 2006.
Shun Tak has a 15.8 percents take in Sociedade de Turismo e Diversões de Macau (STDM) which owns 80 percent of Sociedade de Jogos de Macau (SJM) which controls 19 of the 29 casinos in Macau.
At the beginning of the month SJM announced profits of US225 million in 2007, which was a fall of 20 percent against 2006.
With permission :: Macau Daily Times
Related Posts
- Wynn pays record price for Chinese Ming vase
May 31, 2006 - An early Ming vase, more than 600 years old, has become the most expensive Ming porcelain... - Macau’s sales to the European Union rise 118 pct in five months
July 4, 2006 | MacauHub | Sales by Macau to the European Union (EU) posted growth of 117.9 percent in... - MGM Grand Macau Welcomes Media
Managing director of MGM Grand Macau, Pansy Ho, said during the pre-opening press conference yesterday that the new hotel resort...
- Oklahoma City to Lose 1 Million Pounds!
CNN - Oklahoma City is one of the fattest cities in America, and Mayor Mick Cornett wants to lose this title by giving city residents... - NFL Transactions-July 30
NFL Ravens placed WR Derrick Mason on the reserve/did not report list. Ravens signed rookie OT Michael Oher, the No. 23 overall pick, to a... - Every 40 Seconds Another Child in the USA Goes Missing
I found out about a company out of Fort Lauderdale, Florida called "A Child Is Missing". It's a Florida based non-profit organization founded in 1997.I...
