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Ho's sister makes offer

MACAU – As reported by the Sydney Morning Herald: "Winnie Ho, younger sister of Macau casino kingpin Stanley Ho, has offered to buy out his stake in the company that controls 16 of Macau's 23 casinos.

"Winnie Ho claims Sociedade de Turismo e Diversoes de Macau (STDM) owes her about $HK3 billion ($491 million) in dividends for the past five years for her 8 per cent stake. Ms Ho, 83, has filed more than 30 lawsuits against her brother for owing her money, defamation, and over shareholding structures.

"'We don't need all these lawyers if he plays by the rules and the law and pays me back the money he owes me,' she said in a televised interview. 'But that's just Stanley, always thinking he can just walk over anybody.'

"The legal disputes between Mr Ho and his estranged sister have stalled a planned $HK15 billion share sale since May.

"…Winnie Ho helped run the company's casinos for 25 years before being fired as executive director in December 2001, and claims STDM's shareholder meetings were improperly convened…"

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