MACAU - After winning a major legal battle last week, Stanley Ho's Sociedade de Juegos de Macau (SJM), will finally list this Wednesday on the Hong Kong Stock Exchange.

SJM's IPO was set last Wednesday but Ho's estranged sister, Winnie Ho Yuen-ki, filed an injuction to stop the listing arguing that the listing should not be allowed since a pending litigation between her and SJM's parent company, Sociedade de Turismo e Diversoes de Macau (STDM).

However, the HK court presided by Justice Anselmo Reyes, ruled that the female Ho "had no grounds to halt the listing and that it was ironic for her to seek an injunction" since for Ho to uphold HK's public policy against gambling is contradictory to her reaping the rewards that gambling is giving her and her company.

Unfortunately for SJM though, despite the court ruling on their favour, they had to delay the listing of the company for legal reasons. Nevertheless, SJM expressed delight over the decision.

"We are happy with the verdict," said SJM CEO Ambrose So Shu-fai."SJM will proceed to list on July 16."

He further said that the delay in the listing was take to protect the interest of investors and "give them an option to further consider the circumstances."

"No retail investors have cancelled their orders," Mr. So said. "And I am not worried about the response from institutional investors as they are very familiar with our company and should know about the legal charges."

The billionaire casino magnate Stanley Ho and sister Winnie Ho had a falling out sometime in 2001 and since then, Winnie has filed a total 37 lawsuits in Hong Kong and Macau against her brother and SJM.

Prior to the current sibling feud, Winnie Ho worked for STDM for 25 years and retains a stake in STDM.