Information on Ho's IPO

[jimmyg]

Some members could not get the link to work, this is the article on Ho's IPO. Interesting!

Monday, Oct 16 2006 Beijing Time Chinese(GB) Chinese(BIG5) Deutsch


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Macau's Ho tells of Hong Kong share plans Last Updated(Beijing Time):2006-09-26 15:55

Billionaire Stanley Ho said he may sell shares in his Macau theme park to the public in Hong Kong, where he also intends to complete an initial public offering of casino operator Sociedade de Jogos de Macau SA by the year-end.

"The business of the Fisherman's Wharf is quite good since its opening," Ho said after Sociedade de Turismo e Diversoes de Macau's annual general meeting in Macau yesterday. "But the plan is only in preliminary stage." No financial details were given.

Ho and partner David Chow Kam-fai on December 31 opened Fisherman's Wharf, built at a cost of HK$1.9 billion (US$244 million). Ho, whose 16 casinos in Macau have made him China's fourth-richest man, has lost market share since Las Vegas Sands opened the city's first Western-style casino in 2004.

Ho has planned to raise as much as HK$15 billion in an initial public offering of Sociedade de Jogos, called SJM. Winnie Ho, the estranged sister who once helped him run the casinos as an SJM director, seeks to block the share sale in the courts.

"The Court of Final Appeal in Macau already heard the appeal from Winnie Ho about the shareholders' registry and we expect a ruling by the end of October," Stanley Ho said. "If we win, we will re-apply to the Hong Kong stock exchange for the IPO. I hope the plan can proceed as scheduled" by year's end.

Stanley Ho said in March that SJM's shareholders had approved the planned Hong Kong share sale. The plan has been delayed since May, when Winnie Ho began filing a series of lawsuits to courts in Macau and Hong Kong to stop the share sale.

Sociedade de Turismo will sell 25 percent of the enlarged share capital of SJM to the public, said Ambrose So, an executive director of Shun Tak Holdings Ltd, which owns a stake in Sociedade de Turismo.




Source:Shanghai Daily
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[professorpool]

As I said on another thread, why would a corporation that trasacts $15bn deals be interested in a pool tour worth $0? It's a bit like saying you sold "millions" of videos, which if you did, your company would not be for sale in the first place.

 

[Colin Colenso]

As I said on another thread, why would a corporation that trasacts $15bn deals be interested in a pool tour worth $0? It's a bit like saying you sold "millions" of videos, which if you did, your company would not be for sale in the first place.

Well that is hong kong dollars, so it's around US$2 billion.

Note that www.888.com , an Israeli online gaming company worth over US$1 billion (I read) is the title sponsor of the World Snooker Championships and the World Pool Championships.

Why would they bother themselves with pool and snooker if the returns weren't worthwhile.

It's not unreasonable to think that a similar company such as Dr.Ho's would consider vertically intergrating with potential sponsorship properties.

It's quite likely the IPT could achieve considerably higher exposure than current snooker and pool properties in a year or so. The Asian audiences are huge.

The Asian online gaming industry is currently around $4-5 billion per year, and Stanley Ho is probably the favorite to dominate this market if he isn't already. Owning a sports property like the IPT could be a smart way for him to spend 20-30 million on marketing a year.

Colin

 

[Snapshot9]

Exactly ....

Companies are bought many times for things OTHER THAN making money.
The IPT might be just the TAX BREAK that HO needs, along with other side benefits to his overall picture of companies that he wants or needs.

Maybe he has a secret yearning for a Professional Female player that he want s to highlight on the tour .... who knows, and who cares, as long as he picks up the tour and backs it.

The 'Rich' do not operate with normal logic, and that's one of the reasons why they are rich to begin with ... lol

 

[Island Drive]

Well that is hong kong dollars, so it's around US$2 billion.

Note that www.888.com , an Israeli online gaming company worth over US$1 billion (I read) is the title sponsor of the World Snooker Championships and the World Pool Championships.

Why would they bother themselves with pool and snooker if the returns weren't worthwhile.

It's not unreasonable to think that a similar company such as Dr.Ho's would consider vertically intergrating with potential sponsorship properties.

It's quite likely the IPT could achieve considerably higher exposure than current snooker and pool properties in a year or so. The Asian audiences are huge.

The Asian online gaming industry is currently around $4-5 billion per year, and Stanley Ho is probably the favorite to dominate this market if he isn't already. Owning a sports property like the IPT could be a smart way for him to spend 20-30 million on marketing a year.

Colin

Some people wonder why Google purchased U-Tube? No one is sure of U's value but allot was paid out. Big business thinks allot different than us here on the board.

 

[rackmsuckr]

If this is the same IPO we're talking about, then Winnie just explained the delay and the need for more lawyers and accountants!

 

[pete lafond]

Some people wonder why Google purchased U-Tube? No one is sure of U's value but allot was paid out. Big business thinks allot different than us here on the board.

Very good point and we see it all the time. Many internet companies were sold for millions years ago and never made a penny.

 

[jimmyg]

If this is the same IPO we're talking about, then Winnie just explained the delay and the need for more lawyers and accountants!

Linda, who knows anything more, only KY (oops KT) and Ho for sure.

What we do know, from the article, is; 1) Ho is in the process of taking his theme park and some of his casinos public on the Hong Kong Stock Exchange, not London Exchange 2) Winnie is holding things up with legal challenges 3) this has been in the works for a very long time 4) the IPT and KT are not mentioned in the article and do not appear to be involved 5) this does not present a valid reason for KT not to pay his debts.

Still wishing you and the other players good luck.
jimmy

 

[professorpool]

Note that www.888.com , an Israeli online gaming company worth over US$1 billion (I read) is the title sponsor of the World Snooker Championships and the World Pool Championships.

Why would they bother themselves with pool and snooker if the returns weren't worthwhile.

It is common knowledge here that 888.com have sponsored everything that moves for about 18 months (mindful of the US market disappearing).

We know from our principal gambling partners, Titan Poker (alos Israeli) that 888.com spent around $15m on advertising in the UK last year - for little return relatively and in point of fact are moving back to CPM advertising same as Titan and others.

But spending money on advertising is different to buying a tour.

Not least of which, 888.com sponsor Middlesborough football club. If Ho were to offer them $150,000 as a purchase, they would seriously consider it. To put that into perspective, Manchester Utd, the biggest club in the world with a world wide audience and regular prime time tv and plenty of property assets, was bought for £680m.

We all know that $150m is dreamland, so lets call it a more realistic "the value of the debts" so I say again, as a business proposition it seems pointless. It's akin to someone who buys and sells property getting into buying and selling stock for his weekly carboot venture where he makes $100.

This purchase can only be true if there is a love for pool on the part of Ho. Is there any evidence of that anywhere?

 

[bandido]

Well that is hong kong dollars, so it's around US$2 billion.

Note that www.888.com , an Israeli online gaming company worth over US$1 billion (I read) is the title sponsor of the World Snooker Championships and the World Pool Championships.

Why would they bother themselves with pool and snooker if the returns weren't worthwhile.

It's not unreasonable to think that a similar company such as Dr.Ho's would consider vertically intergrating with potential sponsorship properties.

It's quite likely the IPT could achieve considerably higher exposure than current snooker and pool properties in a year or so. The Asian audiences are huge.

The Asian online gaming industry is currently around $4-5 billion per year, and Stanley Ho is probably the favorite to dominate this market if he isn't already. Owning a sports property like the IPT could be a smart way for him to spend 20-30 million on marketing a year.

Colin

One angle offered by a high-roller friend is that S. Ho is going to start his own on-line targetted at the Asian market and he needs something new for a list of gamblers interested under a different category (pool gamblers). Market the heck his Casinos to this crowd, cut them off at the bend, before they end up at the Western style casino. Maybe

 

[jjinfla]

Some people wonder why Google purchased U-Tube? No one is sure of U's value but allot was paid out. Big business thinks allot different than us here on the board.

I heard on the radio yesterday that there is a company named U-Tube and people confused them with you tube and tried to access the site after the buyout by Google was announced.

They stated that the wrong site, U-Tube, received 64 million hits in August and really hurt their business.

I wonder how many hits you tube gets in a month?

Jake

 

[!Smorgass Bored]

My Hands Are Clean

I wonder how many hits you tube gets in a month?
Jake

Not that it's any of your business, but MY tube gets hit often in a week and I couldn't begin to count the monthly hits....
Doug
( I thought this was a 'pool' site )