An STDM co-founder and Stanley Ho's brother-in-law. A Chinese businessman born in the Dutch East Indies, he co-founded STDM in 1961 to win the gaming concession, and through Theodore Racing and the Macau Grand Prix put Macau on the world motor-racing map.
Between the gaming table and the racetrack, Teddy Yip bet on both — STDM founder and the man who carried the Macau Grand Prix to the world.
Teddy Yip was an STDM co-founder and Stanley Ho's brother-in-law. A Chinese businessman born in the Dutch East Indies, he co-founded STDM in 1961 to win the gaming concession, and through Theodore Racing and the Macau Grand Prix put Macau on the world motor-racing map.
Profile
- Chinese Name: 葉德利
- English Name: Teddy Yip
- Birth date: 2 June 1907
- Region: Dutch East Indies · Hong Kong · Macao
- Domains: Business
- Industry: Gaming · Motorsport
- Subject type: Entrepreneur · Gaming pioneer
Background
Teddy Yip was born on 2 June 1907 in Medan, Dutch East Indies, held Dutch citizenship, and studied in the Netherlands. A polyglot fluent in Hakka, Cantonese, Mandarin, Dutch, English, French, German, Malay, and Thai, he was a quintessential Chinese businessman spanning Southeast Asia and the Hong Kong–Macau world. He married Stanley Ho's sister Susie, becoming Ho's brother-in-law and, later, part of STDM's founding team.
Career
I. Co-founding STDM (1961)
In 1961 Yip joined Stanley Ho, Yip Hon, and Henry Fok in the consortium that won the Macau gaming concession and formed the Sociedade de Turismo e Diversões de Macau (STDM), helping build the Casino Lisboa and becoming one of the key partners in Stanley Ho's gaming empire.
II. Motorsport and the Macau Grand Prix
In the 1970s–80s Yip founded Theodore Racing, becoming a Formula One team owner and recruiting designers and team managers to build a competitive outfit. He is regarded as a driving force behind the Macau Grand Prix; Theodore Racing won on the Macau circuit several times, including Ayrton Senna's 1983 victory, making Macau a proving ground for future stars of world racing.
Defining Moments
I. Putting Macau on the world racetrack
For Yip, racing was a passion, not merely a business. He helped turn the Macau Grand Prix into one of Asia's premier street races — a stage where many drivers who later made their names in Formula One first emerged — binding the name "Macau" to world motorsport.