HONG KONG, April 29, 2015 /PRNewswire/ -- Union Gaming Securities Asia Limited, a wholly owned subsidiary of Union Gaming Group, LLC and licensed corporation of the Securities and Futures Commission (SFC) in Hong Kong announced that it has received formal approval to commence both Type 1 and Type 4 regulated activity in Hong Kong effective 26 March, 2015. The company also announced the hiring of Ms. Carrie Yu as a Director and Responsible Officer of the Hong Kong Company. Ms. Yu joins Union Gaming Securities Asia Limited from JP Morgan Asset Management in New York, where she was responsible for covering the global gaming sector.
"We couldn't be more excited about the formal granting of our licenses, commencement of business, and deeper investment into Asia," said Rich Moriarty, Managing Director and Co-Founder of Union Gaming. "We have always believed that the next 20 years belongs to Asia as it relates to the casino-integrated resort industry, and we want to make sure that our commitment to the region fully reflects the opportunity that we believe exists."
The company plans to deal and advise on securities under its Type 1 and Type 4 licenses focusing exclusively on the global gaming sector and will be based in the Shun Tak Centre in Sheung Wan, better known to Hong Kong locals as the Macau Ferry Terminal, given its connectivity and proximity to the largest gaming market in the world. The company's equity research team will still remain based in Macau, SAR China, complemented by the U.S. based research team in Las Vegas and New York.
Union Gaming Securities Asia Limited Unit Nos. 1005-1006, 10/F, China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong Office: 852 3952 8498 Mobile: 852 5692 7702 [email protected]