Sing Hou Entertainment seeks Hong Kong Stock Exchange listing

Junket promoter Sing Hou Entertainment Group plans to seek a listing in Hong Kong to expand its client base and market share.

The company operates a VIP gaming room in the StarWorld Macau casino owned by Galaxy Entertainment, which has been its sole customer for the three years ended December 31, 2013, according to a document filed with the Hong Kong Stock Exchange.

The group accounted for 0.24 percent, 0.19 percent and 0.17 percent of total VIP room revenue generated by junkets in 2011, 2012, and 2013 respectively, the document cited Union Gaming Research as saying.

Sing Hou plans to expand its VIP gaming patron base and its market share.

The company said that the total expenses for the Hong Kong listing would be about HK$23 million, of which some HK$9.7 million are expected to be charged to the profit or loss of the company for the year ended December 31, 2014.

Sing Vong, the group’s principal operating subsidiary, has held a gaming promoter license since February 2012.

 

Latest Intelligence

Latest issue

PATA CEO sees slow recovery, but optimism for future

AGB Podcasts