APE to make market debut, sees strong growth

Asia Pioneer Entertainment, which this month joins just a handful of homegrown Macau gaming names to list on the Hong Kong Stock Exchange, says it sees strong scope for future growth, both in the world’s biggest gambling hub and around Southeast Asia. The gaming distribution and service company was founded 12 years ago by Herman Ng Man Ho and Allen Huie Tat Yan and has expanded in tandem with Macau’s gaming industry. When the company first set out, electronic gaming machines were a sideshow in the territory, which was dominated by VIP baccarat. However having lived overseas and noting the popularity of slot machines, the two executives predicted there would also be growing interest at home. At present, only about 5 percent of revenue in Macau comes from gaming machines, compared with about 70 percent in Las Vegas, but that number has been growing steadily and has proved a lot less volatile...

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