Word: honge
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...operators funnel traffic to the casinos, which pay them commissions. Macau has scores of independent junket operators, making business unpredictable. Ho figured out a way to get a core group of operators to act as consistent suppliers. In December 2007, he formed a partnership with an affiliate of a Hong Kong - listed gaming company named Amax Entertainment Holdings; Amax raised $250 million through a stock sale, which was then used to provide financing to eight junket operators. In effect, Amax became like a central bank for the high-roller market. Using this financial leverage, the Amax affiliate funneled gamblers...
...leverage, but analysts say Amax's financing power still gives him an advantage. "Once you've got the kind of critical mass Ho's got, it will be difficult to dislodge him as a true contender in Macau," says Anil Daswani, Citi's head of gaming research in Hong Kong. Ho "has invented a product that will be difficult to replicate...
...Pepper also has old distribution deals with Coke and Pepsi bottlers, which Goldman Sachs analyst Judy Hong describes as a "potential Achilles' heel." According to Hong, "there is an inherent conflict of interest because Pepper's distribution platforms are also its largest competitors'," and as an example, she cites Pepsi's Sierra Mist displacing 7Up as the No. 2 lemon-lime brand, behind Sprite, in part because Pepsi Bottling stopped distributing...
...Gadd didn't want to go home to Britain. He refused to board a connecting flight in Bangkok, where Thai immigration authorities rejected his request to remain in the country, even after he claimed to have a heart attack in the departure lounge. Gadd then hopped a flight to Hong Kong, where officials once again denied him entry, sending him instead back to Thailand. After twenty hours in the Bangkok transit hall - and after 2,661 miles of air travel in Southeast Asia - he was finally forced on a Thai Airways flight to London...
...camp if they don't follow the authorities' instructions. Reeducation-through-labor is a form of detention for up to four years used to punish relatively minor criminal activity like prostitution and religious activity banned by the state, like practicing Falun Gong. The China Labour Bulletin, a Hong Kong-based human rights NGO, estimated last year that the system has more than 300,000 detainees. "There is an overarching message of intimidation," says Kenneth Lim, Hong Kong program manager for Human Rights in China. "It's not restricted to a particular issue or particular age group or segment...