Shun Tak Holdings hopes to reinvent itself as a travel and entertainment group in about six years through investment opportunities in the tourist industry in Macau and China.
The diverse company unveiled its plans following a share-swap last month that effectively exchanged 28.1 per cent of Shun Tak's stake in the jetfoil business for a 6.5 per cent stake in dominant casino operator Sociedade de Turismo e Diversoes de Macau (STDM).
Stanley Ho Hung-sun's Hong Kong-listed flagship deals mainly in the shipping, property, hotel, finance, restaurant and air transport industries.
Managing director Pansy Ho Chiu-king said the deal would allow Shun Tak to expand its presence in travel and entertainment in Macau through co-operation in STDM's non-gaming businesses.
Apart from operating casinos in Macau, STDM has a 35.8 per cent stake in the Macau International Airport, a 14 per cent stake in Air Macau and eight hotels in the city.
STDM has also expanded into property, infrastructure and tourism-related development in Macau.
Ms Ho said the strategic alliance with STDM could also allow Shun Tak to explore different investment opportunities in Macau, such as a joint bid for a property project, or taking part in STDM's theme park project, Fisherman's Wharf.