HONG KONG: CLOSING WRAP, 03Jun2013

HK holds up in the face of terrible China macro data; You can’t stop a Chinese gambler; Civil servants to retire later; John Tsang on HK property; MTR strike on the cards? Here’s what you missed today.

Can’t stop won’t stop: Chinese gamblers

Macau May gaming revenue up 4.5% MoM to MOP29.6bn. How much money do they have to burn?

On.cc

HONG KONG: BEFORE THE OPEN, 30May2013

Everbright IPO back in the cards; US$31.2mm in interest; SFC protecting Barry?; Langham Hospitality down in grey market; Barry and the triads?; HK university degree worthless?;

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Judge says Las Vegas Sands must pay up

From SCMP:

A judge affirmed a $70 million verdict against Las Vegas Sands Corp. on Tuesday and tacked on another $31.6 million in interest.

DEALER WINS! Chinese gamblers become No. 1 patrons of S. Korean casinos

The number of Chinese gamblers visiting South Korean casinos surpassed that of Japanese high-rollers for the first time last year, the culture ministry said Monday, as fears of North Korea’s provocations and the falling yen curtailed growth of Japanese customers. Read More, The Korea Herald

I got a fever and the only prescription is more Macau Legend

 

From Reuters:

Casino operator Macau Legend Development Ltd has kicked off pre-marketing for its planned approximately $600 million Hong Kong initial public offering, a term sheet for the offer seen by Reuters showed on Monday.

HONG KONG: WEEK IN REVIEW, 25May2013

Bye Bye Barry; H7N9 deadlier than we thought; Mr Tong bought the booze; Teleportation devices at Galaxy Macau?; Poor little dolphins; Rents fall for first time in years; Who’s right Goldman or Temasek?; Here’s what happened this week.

HONG KONG: BEFORE THE OPEN, 23May2013

TVB gets World Cup license; HKMEx scandal has new twists; Galaxy building a bigger Macau mousetrap; Glencore in Iran; Sinopec Engineering lists today; Here’s what you need to know before the open.

Galaxy to spend HK$60bn on casino expansion

From Bloomberg:

The company will spend the money on the third and fourth phases of Galaxy Macau, its flagship casino resort in Cotai that opened in May 2011, Chief Financial Officer Robert Drake said in an interview yesterday. Galaxy has said it will start construction of the two phases as early as the end of this year and begin operations gradually from 2016 through 2018.

HONG KONG: BEFORE THE OPEN, 16May2013

Tencent brought the goods last night with Q1 earnings, HSBC axing more bankers, Cathay traffic figures continue downward, and Timmy Tong might have some more mates in his jail cell. Here’s what you need to know before the open.