Tycoon Stanley Ho Hung Sun's Macau Tourism and Amusement Company (STDM) earned 3 billion patacas (US$375 million) in profits last year, up 20 percent year-on- year, Macau Daily reported Friday.
The parent company of the Macau Gaming Co Ltd (SJM) attributed the rosy yearly payoff to the sound economic performance and a booming gaming-tourist industry.
Stanley Ho held a 40-year monopoly of Macau's gaming market through STDM till 2002, which still retains 80 percent of the shares in SJM. STDM's revenue was mainly reaped from the gaming and real estate sectors.
SJM turned 13 billion patacas (US$1.6 billion), or some 35 percent of its gross revenue, to the government's tax coffer last year, up 18 percent from the previous year.