05th of February 2007
Stanley Ho's little sister wants to buy him out of the family business. Ho owns the controlling share of the company Sociedade de Turismo e Diversoes de Macau (STDM), which controls the majority of the casinos in the former Portuguese colony of Macau. Winnie Ho, the sister, made the offer after Stanley Ho offered to buy her out at what she called an unreasonable price. The feud has been long standing between them, after Winnine Ho filed more than 30 lawsuits against her brother for money she claims is owed her by the company, to the tune of $491 million in dividends over five years for her 8 percent stake in the company.
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