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Hong Kong News - Page 2

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HK investors like Cambodian casino odds

International News Brief: Hong Kong investors are betting on Cambodia’s NagaCorp., which on Wednesday floated the first initial public offering for a gambling company in Hong Kong.

Winnie Ho's Lawyer Beaten

International News Brief: Hong Kong is reeling after a prominent lawyer representing the Winnie Ho, estranged sister of Macau casino tycoon Stanley Ho, in a bitter feud was beaten by three men wielding baseball bats.

Hong Kong Racing Continues to Slide

International News Brief: The Hong Kong racing season concluded on Sunday with approximately $7.73-billion in total handle, a 4.3% decrease from the 2004-'05 season and the continuation of a ten-year slide.

Staff Cracks Down on Hong Kong Inmates' Gambling

International News Brief: Hong Kong Correctional Services staff will increase surprise searches, night raids and joint searching operations in penal institutions during the World Cup to stem soccer gambling activities.

Hong Kong Gripped by World Cup betting

International News Brief: Hong Kong may not have a team at the World Cup but that has not stopped interest reaching stratospheric proportions because of the craze for soccer betting.

Hong Kongers Bet on Brazil

International News Brief: Eighty two percent of people surveyed in the city of 6.8 million said they thought that Brazil would make the final of the World Cup tournament and 63 percent said the South American football giant would win it.

Macau Casino Group Planning $1 Billion Nasdaq Listing

International News Brief: The deal as currently priced would value the two companies' Macau casino holdings at more than $5 billion.

Mobile Gambling Touted as Next Big Thing

International News Brief: Mobile gambling is touted as one of the big revenue drivers for mobile data services in the next five years.

Hong Kong Jockey Club Bets on Hedge Funds

International News Brief: The Hong Kong Jockey Club, the Chinese territory's only legal gambling forum, is raising its bets on hedge funds.

Hong Kong Betting Duty Reforms Approved

International News Brief: The Executive Council of Hong Kong has approved proposals to reform horse race betting's duty system in an effort to combat illegal gambling.

Dynasty Gaming, Ho Group Team Up

Dynasty Gaming Inc. has signed of a Letter of Intent with the Ho Group to form Ho Majiang.

Hong Kong Gambling Numbers Remain Stable

International News Brief: The overall participation rate in gambling activities have remained stable in Hong Kong in recent years, a Hong Kong University survey said Wednesday.

HK Breeders Club Inaugurates Breeder of the Year Award

The international successes of Hong Kong racehorses and racehorse owners are now to be complemented by an award that will acknowledge achievements in thoroughbred breeding.

NagaCorp IPO Planned for Hong Kong Exchange

International News Brief: NagaCorp, a Cambodian casino operator owned by Malaysian tycoon Chen Lip Keong, is planning to float its shares on Hong Kong's stock exchange after its listing plan was rejected by Singapore two years ago, sources said.

Cmate and Smartone-Vodafone Sign Deal

Cmate Ltd and SmarTone-Vodafone have signed an agreement to provide SmarTone-Vodafone's customers with Cmate's multiplayer mobile games.

Accountants Cheated of $620,000 in Cards Scam

International News Brief: A group of skilled gamblers cheated professional accountants of up to HK$620,000 at a time in games of 'show hand,' a district court heard Wednesday.

Hong Kong's Illegal Bookies Squeezed Out

International News Brief: Illegal bookmakers, widely believed to be draining billions of dollars from the Jockey Club are being squeezed out thanks to the legalization of soccer betting two years ago.

Legislator: Hong Kong Should Allow Casinos

International News Brief: The government should consider allowing the establishment of casinos mixed with hotel and convention facilities to boost Hong Kong's tourism industry, according to a legislator.

Analysts Tout Shun Tak Holdings

International News Brief: Macau fever and the ensuing mania for the enclave's plays may have cooled in recent months, but it's not too late to take a punt on Shun Tak Holdings Ltd.

Macau Approved to Take Hong Kong Jockey Club Bets

International News Brief: The government on Tuesday opened the door to the hoped-for globalization of Hong Kong Jockey Club betting pools when it approved an application for the Macau Horse Racing Company to act as a betting agent.

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