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Sociedade De Turismo E Diversões De Macau
The Sociedade de Turismo e Diversões de Macau, SA; abbreviated as STDM, (, English: "Tourism and Entertainment Company of Macau Limited") is a company in Macau owned by Stanley Ho and his family. Historically, it held a monopoly to Macau's gambling industry as the only licensee for casinos. In 2002, the government of Macau began issuing more licenses and the monopoly was broken. Still, of the 41 operating casinos in Macau, 22 are owned by STDM, as of 2019. Macau is a location in James Bond film '' The Man with the Golden Gun''. History The company was founded in 1962 by Stanley Ho and his then partners Teddy Yip (Stanley Ho's brother-in-law through his sister, Susie Ho), Yip Hon and Henry Fok. In that year, it was granted a monopoly on gambling in Macau, which had previously been held by Tai Hing Company since 1934. In 1982, Ho and Yip had a major public falling out, as a result of which Yip disposed of his interest for a rumored HK$400 million. Cheng Yu-tung, founder of N ...
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Stanley Ho
Stanley Ho Hung-sun (; 25 November 192126 May 2020) was a Hong Kong-Macau billionaire businessman. His original patrilineal surname was Bosman, which was later sinicized to 何 (Ho). He was the founder and chairman of SJM Holdings, which owns nineteen casinos in Macau including the Grand Lisboa. Ho was nicknamed variously ''Godfather'' and ''King of Gambling'', reflecting the government-granted monopoly he held on the Macau gambling industry for 40 years. His wealth was divided among his daughter, Pansy Ho ($5.3 billion) who owns MGM Macau, fourth wife Angela Leong ($4.1 billion) who is managing director of SJM Holdings, and son Lawrence Ho ($2.6 billion) who owns City of Dreams. Ho was the founder and chairman of Shun Tak Holdings, through which he owned many businesses including entertainment, tourism, shipping, real estate, banking, and air transport. It is estimated that his businesses employ almost one-fourth of the workforce of Macau. Apart from Hong K ...
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New World Development
New World Development Company Limited (NWD), is a Hong Kong-based company focused on property developer in Hong Kong, property, hotels, infrastructure and services and department stores. It was established on 29 May 1970 by Cheng Yu-tung. The company is publicly listed on the Stock Exchange of Hong Kong Limited (SEHK: 17) since 23 November 1972 and is a constituent stock of Hong Kong Hang Seng Index. Over the last four decades, the group has also actively participated in various businesses in Mainland China and established itself as one of the largest foreign direct investors in the country. The group's existing investments in Mainland China has exceeded US$16.5 billion, spreading across four municipalities and over 19 provinces. History Launch and rapid growth The New World Development (NWD) Company Limited was established on 29 May 1970 to venture into property development. Dr Ho Sin Hang was elected Chairman of the company, while Dr. Cheng Yu-tung was appointed Di ...
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License
A license (or licence) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit). A license is granted by a party (licensor) to another party (licensee) as an element of an agreement between those parties. In the case of a license issued by a government, the license is obtained by applying for it. In the case of a private party, it is by a specific agreement, usually in writing (such as a lease or other contract). The simplest definition is "A license is a promise not to sue," because a license usually either permits the licensed party to engage in an activity which is illegal, and subject to prosecution, without the license (e.g. fishing, driving an automobile, or operating a broadcast radio or television station), or it permits the licensed party to do something that would violate the rights of the licensing party (e.g. make copies of a copyrighted work), which, without the license, the licensed party could be ...
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Taipa
Taipa ( zh, t=氹仔, ; pt, Taipa, ) was a former island in Macau, presently united with the island of Coloane by reclaimed land known as Cotai. Administratively, the boundaries of the traditional civil parish Freguesia de Nossa Senhora do Carmo are coterminous with that of former Taipa Island. Geography Taipa is from Macau Peninsula and east of the Lesser Hengqin Island of Zhuhai, Guangdong Province. Macau International Airport, University of Macau, Macau Jockey Club and Macau Stadium are all situated in Taipa. * Area: () * Population: 70,000+ Most Chinese settlement of Taipa occurred during the Southern Song Dynasty, while the Portuguese occupied the island in 1851. Prior to land reclamation, Taipa consisted of two islands: Greater Taipa and Lesser Taipa. The () is to the east, and () to the west. Central Taipa is a plain as a result of siltation and land reclamation. Initially Taipa was connected to Coloane Island only by the () causeway; but the area called ...
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Coloane
Coloane (Cantonese: Lou Wan) is a former island in Macau that is united with the island of Taipa by an area of reclaimed land known as Cotai. It is located at the southern part of Macau. Administratively, the boundaries of the traditional civil parish ( pt, freguesia) of São Francisco Xavier are coterminous with that of Coloane. Etymology Coloane was known in Cantonese as ''Gau Ou Saan'' (九澳山 ''lit.'' "Nine-inlet Mountain" or transcribed in Portuguese as Ká-Hó) and ''Yim Jou Waan'' (鹽灶灣, ''lit.'' "Salt-stove Bay"). The Portuguese name "Coloane" is derived from the Cantonese pronunciation of ''Gwo Lou Waan'' (過路環, ''lit.'' "Passing-road Ring"). Geography Coloane has an area of , is long and is from the Macau Peninsula. The narrowest part of Coloane is . The highest points in Macau are eastern and central Coloane, with the highest point being the Coloane Alto (, Portuguese: Alto de Coloane). In the past, Coloane was separated from Taipa by the Seac Pai Bay, ...
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Horse Race
Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys (or sometimes driven without riders) over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity. Horse races vary widely in format, and many countries have developed their own particular traditions around the sport. Variations include restricting races to particular breeds, running over obstacles, running over different distances, running on different track surfaces, and running in different gaits. In some races, horses are assigned different weights to carry to reflect differences in ability, a process known as handicapping. While horses are sometimes raced purely for sport, a major part of horse racing's interest and economic importance is in the gambling associated with ...
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Association Football
Association football, more commonly known as football or soccer, is a team sport played between two teams of 11 players who primarily use their feet to propel the ball around a rectangular field called a pitch. The objective of the game is to score more goals than the opposition by moving the ball beyond the goal line into a rectangular framed goal defended by the opposing side. Traditionally, the game has been played over two 45 minute halves, for a total match time of 90 minutes. With an estimated 250 million players active in over 200 countries, it is considered the world's most popular sport. The game of association football is played in accordance with the Laws of the Game, a set of rules that has been in effect since 1863 with the International Football Association Board (IFAB) maintaining them since 1886. The game is played with a football that is in circumference. The two teams compete to get the ball into the other team's goal (between the posts and under t ...
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President Of The Philippines
The president of the Philippines ( fil, Pangulo ng Pilipinas, sometimes referred to as ''Presidente ng Pilipinas'') is the head of state, head of government and chief executive of the Philippines. The president leads the executive branch of the Philippine government and is the commander-in-chief of the Armed Forces of the Philippines. The president is directly elected by the people, and is one of only two nationally elected executive officials, the other being the vice president of the Philippines. However, four vice presidents have assumed the presidency without having been elected to the office, by virtue of a president's intra-term death or resignation. Filipinos generally refer to their president as ''pangulo'' or ''presidente'' in their local language. The president is limited to a single six-year term. No one who has served more than four years of a presidential term is allowed to run or serve again. The current president of the Philippines is Bongbong Marcos, who wa ...
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Duty
A duty (from "due" meaning "that which is owing"; fro, deu, did, past participle of ''devoir''; la, debere, debitum, whence "debt") is a commitment or expectation to perform some action in general or if certain circumstances arise. A duty may arise from a system of ethics or morality, especially in an honor culture. Many duties are created by law, sometimes including a codified punishment or Legal liability, liability for non-performance. Performing one's duty may require some sacrifice of Self, self-interest. Cicero, an early Roman philosopher who discusses duty in his work “On Duty", suggests that duties can come from four different sources: # as a result of being a human # as a result of one's particular place in life (one's family, one's country, one's job) # as a result of one's character # as a result of one's own moral expectations for oneself The specific duties imposed by law or culture vary considerably, depending on jurisdiction, religion, and social normalities. ...
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Chinese New Year
Chinese New Year is the festival that celebrates the beginning of a New Year, new year on the traditional lunisolar calendar, lunisolar and solar Chinese calendar. In Sinophone, Chinese and other East Asian cultures, the festival is commonly referred to as the Spring Festival () as the Spring (season), spring season in the lunisolar calendar traditionally starts with lichun, the first of the twenty-four solar terms which the festival celebrates around the time of the Chinese New Year. Marking the end of winter and the beginning of the spring season, observances traditionally take place from Chinese New Year's Eve, New Year’s Eve, the evening preceding the first day of the year to the Lantern Festival, held on the 15th day of the year. The first day of Chinese New Year begins on the new moon that appears between 21 January and 20 February. Chinese New Year is one of the most important holidays in Chinese culture, and has strongly influenced Lunar New Year celebrations of its 5 ...
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Tourist
Tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours. The World Tourism Organization defines tourism more generally, in terms which go "beyond the common perception of tourism as being limited to holiday activity only", as people "travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure and not less than 24 hours, business and other purposes". Tourism can be domestic (within the traveller's own country) or international, and international tourism has both incoming and outgoing implications on a country's balance of payments. Tourism numbers declined as a result of a strong economic slowdown (the late-2000s recession) between the second half of 2008 and the end of 2009, and in consequence of the outbreak of the 2009 H1N1 influenza virus, but slowly recovered until the COVID-19 ...
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Casino Lisboa, Macau
Casino Lisboa () is a hotel casino in Sé, Macau, owned by the Sociedade de Turismo e Diversões de Macau (STDM), a Stanley Ho company. This three-storey complex was built in late 1960s. The original casino and the 12-storey round hotel tower were built in 1970 by Stanley Ho, Teddy Yip, Yip Hon and Henry Fok. A 270-room extension was added in 1991 for a total of 927 rooms. In 2006, another extension, the Grand Lisboa, was built next to the current complex. Therefore, a total of 2,362 rooms are in place in Hotel Lisboa as of 2010. This expansion was partly done in competition with the newly opened Wynn Macau, located right next to the original Casino Lisboa. Robuchon á Galera ''Robuchon á Galera'', owned by the late chef Joël Robuchon, has been awarded three stars by the Michelin Guide in 2008. Robuchon á Galera serves European cuisine such as roasted guinea fowl and foie gras from its à la carte menu. The restaurant has since moved to the top floor of the Grand Lisboa hot ...
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