AERL closer to Hong Kong listing, says analyst

Nasdaq-listed VIP gaming promoter Asia Entertainment and Resources Ltd should complete this year its application to list on the Hong Kong Stock Exchange, Sterne Agee senior research analyst David Bain said in a research note. Asia Entertainment sent a letter of inquiry to the Hong Kong Stock Exchange at the end of last year. A listing was expected in the first half of this year. The company promotes four VIP gaming rooms here: in StarWorld Macau, the Galaxy Macau, The Venetian Macao and City of Dreams.