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Macau VIP Room Shares Up for Sale

MACAU – As reported by the Hong Kong Standard: "A private investor from the mainland is planning to sell shares in eight VIP rooms in Macau's Galaxy Casino in a HK$1.5 billion to HK$2 billion initial public offering slated for the end of June, sources said.

"They denied media reports of an IPO of shares in the entire Galaxy Waldo Casino and Hotel.

"The VIP rooms host high-rolling clients prepared to bet, on average, HK$2,300 in a game of baccarat.

"…Bets made in VIP rooms are usually much higher than those made on the floor. The minimum bet is HK$1,000, and wagers of up to HK$1 million are not uncommon…"

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