三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Economy

Chinese companies tap island casino investment

By XIE YU (China Daily) Updated: 2014-02-14 02:00

Several Chinese listed companies have announced plans to enter the gambling industry through offshore investment.

Chinese Strategic Holdings Ltd, formerly called China Railway Logistics Ltd, a property developer based in Hong Kong, announced on Wednesday in a filing with the Hong Kong Stock Exchange that the company is set to invest HK$1 billion ($128.9 million) in a hotel and casino land lease in the Northern Mariana Islands.

Another Hong Kong-listed company, Landing International Development, announced its plans last Friday to build a resort and casino on South Korea's Cheju Island in a joint venture with Malaysian gambling giant Genting Group. The total investment is $2.2 billion.

A-share listed Macrolink also signed an agreement in January with South Korea's Black Stone Resort to jointly spend about 200 million yuan ($33 million) on a joint venture on Cheju Island. The latter owns several gambling licenses issued by the South Korean government.

"The gambling industry is illegal on the Chinese mainland, but the lucrative yields and growing demand attract investors," said Su Guojing, chairman of the Asian Responsible Gambling Alliance and founder of the China Lottery Industry Salon.

It is difficult to estimate the size of Chinese investment in overseas gambling enterprises, but the sum is probably quite large, Su said, because any investment figures that are announced by listed companies are only a small portion, with much more made by low-key private investors, because of the sensitivity of the industry.

Macrolink's share price surged by more than 20 percent in the three days following the announcement. Landing International Development's rose 22 percent. A-share-listed Landing Holding Group, affiliated with Landing International Development, though not related to the Cheju Island project, also saw share prices hit their limit for up to two days after the news was aired.

But Su said that in terms of casino operations, it is generally a long timeframe from announcements to action and uncertainties loom large.

"Operating with a license and compliance with local regulations are key in the gambling industry. It is also where potential risks lie. Some companies make mistakes, while some investments fail," he said.

Although gambling is illegal in China, a strong appetite for more sophisticated games has created a boom in the domestic lottery industry, which is also supported by rising income.

In China's growing lottery market, ticket buyers spent some $23 billion in 2012, although it still paled compared with the $37 billion in the United States, the world's largest lottery market, according to Reuters.

But with 20 percent growth rates projected over the next three years, China is expected to take the top spot by 2015.

Chen Yunhong, an analyst with Qilu Securities, said with the market expanding and government regulations becoming more open and transparent, as well as the opportunities brought by the 2014 World Cup, lottery distributors and football lottery-related companies will no doubt thrive.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 黄网站在线观看永久免费 | 日本3级片 | 日本高清免费中文字幕不卡 | 一级特黄特黄的大片免费 | 日韩黄色影院 | 日韩精品一区二区三区中文 | 中文字幕第一页在线视频 | 欧美日韩a∨毛片一区 | 亚洲一区欧美一区 | 一区二区三区四区日韩 | 亚洲区视频 | 91精品国产综合久久精品 | 免费播放特黄特色毛片 | 国产v欧美v日韩在线观看 | 樱花草在线社区www韩国 | 一级特黄国产高清毛片97看片 | 国产成人自拍视频在线观看 | 日韩精品a在线视频 | 小馒头刚发育在线播放free | 青青热久久国产久精品秒播 | 性刺激视频在线观看免费 | 91久久精一区二区三区大全 | 欧美日韩一二三区 | 欧美日本一本 | 欧美日韩国产亚洲一区二区 | 欧美视频第二页 | 亚洲第五色综合网 | 亚洲日韩中文字幕一区 | 欧美黑人性猛交╳xx╳动态图 | 国产精品免费看久久久香蕉 | 午夜看一级特黄a大片黑 | 国产在线综合网 | 国产大量女主播精品视频 | 国产黄 | 日韩毛片网 | 奇米影视中文字幕 | 免费成人黄色网址 | 一区二区三区精品国产 | 亚洲经典自拍 | 9久9久女女免费精品视频在线观看 | 日韩欧美毛片免费看播放 |