A China-Charged Bull Market for IPOs in Hong Kong

After the collapse of Lehman Brothers a year ago, things were looking grim for American gambling tycoons Steve Wynn and Sheldon Adelson. The two had expanded into Macao, China's gambling hub, just as the Chinese economy was slowing and Beijing was tightening rules on travel to Macao in a bid to fight money laundering. That meant fewer Chinese were able to gamble at casinos owned by Wynn Resorts (WYNN) and Adelson's Las Vegas Sands (LVS).

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