Henry Cheng Kar-shun is a Hong Kong billionaire entrepreneur.Cheng is the elder son of Cheng Yu-tung, the founder of New World Development, and is the chairman of New World Development as well as chairman of NWS Holdings, New World China Land, New World Department Store China and Taifook Securities. He is also a Standing Committee Member of the Eleventh Chinese People’s Political Consultative Conference.
International Entertainment, which leases hotel premises to casinos in the Philippines, said its fiscal 2015 profit had been hit by increasing competition, despite growth in tourism in the country. Revenue fell 5.9 percent to HK$366.8 million ($47.3 million). Hotel operations and the leasing of properties contributed approximately 36 percent and 64 percent, respectively, to group […]