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Hong Kong Exchanges Allows Gambling Company to List12 March 2003HONG KONG – As reported by the Dow Jones: "The Stock Exchange of Hong Kong Ltd., the main business unit of Hong Kong Exchanges & Clearing Ltd. , said it will consider listing applications from companies offering gambling outside the territory. "Hong Kong Exchanges set three conditions for its new policy: gambling activity must take place outside Hong Kong; bookmaking transactions and their counterparties must be outside Hong Kong; and the gambling must take place only where it is legal. "The new policy will enable casinos and bookmakers operating in nearby Macau, which like Hong Kong is a Special Administrative Region administered by China, to list shares in Hong Kong…" |