HK tycoon faces Macau corruption trial

Source: China Post

HONG KONG -- A Hong Kong tycoon is facing prosecution for alleged bribery and money laundering in connection with a government land sale on the Cotai casino strip in Macau, his company said. In the latest corruption ...
Full article at: China Post  More like this  1 day ago, 2:43pm CDT

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Better scrutiny needed following recent Hong Kong corruption cases, sources say

Source: TrustLaw

Companies doing business in greater China need better know-your-customer mechanisms, said a Hong Kong economist. His comments came after a Macau court decided that Hong Kong billionaire Joseph Lau, chairman and chief executive of Chinese ...
Full article at: TrustLaw  More like this  1 day ago, 10:25am CDT

Hong Kong property tycoon Joseph Lau charged with bribery, money laundering

Source: Global Post

People walk past the Sands Cotai Central before the opening of the resort in Macau on April 11, 2012. (AARON TAM/AFP/Getty Images) Hong Kong property tycoon Joseph Lau has been charged with bribery and money laundering after ...
Full article at: Global Post  More like this  1 day ago, 6:17pm CDT

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This Sporting Life: Buy Las Vegas Sands (LVS)

Source: iStockAnalyst

(By Kevin Donovan) Successful investing in gaming stocks depends a lot, it seems, on whether there are plenty of people like my old boss. The story goes that as a cub reporter he was sent with a pocketful of cash to investigate the illegal ...
Full article at: iStockAnalyst  More like this  2 days ago, 10:32am CDT

HK tycoon on ‘bribe’ rap

Source: This Is London

Save time by using your existing account to sign in to Evening Standard We'll never share your information or post anything to your account without your permission Save time by using your existing account to sign in to Evening Standard We'll never s ...
Full article at: This Is London  More like this  2 days ago, 6:30am CDT

Hong Kong shares seen flat ahead of China flash PMI

Source: Sify

* Wynn Macau Ltd launched on Wednesday at a bank meeting in Macau a $1.5 billion two-tranche syndicated financing for a new project on Macau's Cotai Strip, banking sources said. * PetroChina will boost its natural gas purchases from Central Asia by as ...
Full article at: Sify  More like this  2 days ago, 8:42pm CDT

BASIS POINT-Wynn Macau launches $1.5 bln syndicated loan

Source: Reuters.co.uk

(The following item was previously published by Basis Point, a Thomson Reuters publication) HONG KONG May 23 (Reuters Basis Point) - Wynn Macau Ltd launched on Wednesday at a bank meeting in Macau a US$1.5bn two-tranche syndicated financing for a new ...
Full article at: Reuters.co.uk  More like this  3 days ago, 5:17am CDT

Why Las Vegas Sands' Debt Won't Be A Problem

Source: Seeking Alpha

Las Vegas Sands (LVS) has come a long way since 2008 from being the poster the child of an over leveraged debt ridden company to on the cusp of having an impeccable balance sheet with cash cow producing properties. Since reaching $ ...
Full article at: Seeking Alpha  More like this  3 days ago, 3:36am CDT

How Low Will Wynn Resorts Go?

Source: AOL News

Shares of Wynn Resorts (NAS: WYNN) hit a 52-week low in early trading yesterday. Let's look at how it got here and see if clear skies or clouds are ahead. How it got here The last year has seen slowing momentum for Wynn Resorts operationally, an ...
Full article at: AOL News  More like this  4 days ago, 11:48am CDT