Hong Kong

Genting Hong Kong reported a 39.1 percent gain in cruise ship related activities in 2016, but it swung to a loss on higher costs and as one-time gains last year weren’t repeated.

China Star Entertainment said it expects to post a loss in 2016 due to the downturn in service income from its gaming operations in Macau as well as a loss incurred on new film releases.

Hong Kong-listed Success Dragon International Holdings on Thursday announced the resignation of its chairman and chief executive officer Mr. Carlos Luis Salas Porras, effective March 3, 2017.

The Macau government says it is “exploring further cooperation opportunities” in regards to tourism with Hong Kong, according to a report from the government news bureau.

The bridge connecting Hong Kong, Zhuhai and Macau is expected to complete by the end of 2017, said Hong Kong’s Secretary for Transport and Housing.

Genting Hong Kong Ltd. says it expects to record a consolidated net loss of US$500-550 million for the year ended Dec. 31, 2016, according to a filing on Monday.

Casino investor Landing International Development Ltd. is proposing to implement a ‘capital reorganization’, which will entail a capital reduction as well as a subdivision of the unissued share capital of the company.

Genting Hong Kong has entered into a EUR160 million (US$169.4 million) facility agreement with KfW IPEX-Bank GmbH in order to finance part of the cost of construction and purchase of ships.

Hong Kong Jockey Club (HKJC) and Racing U.K. have announced a new partnership that will see HK horse racing become available to UK viewers.

“In an exciting new partnership with the Hong Kong Jockey Club (HKJC), Racing U.K. will show the world-famous action from the stunning backdrops of Sha Tin and Happy Valley, starting with Longines Hong Kong International Races week, which gets underway with the International Jockeys' Challenge tomorrow (7 December),” said Racecourse Media Group in a press release.

Former CEO of Amaya Inc., David Baazov has confirmed that two Hong Kong-based investors will be upping their support for his $4.1 billion bid to take the company private.

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