Spin doctors: Not welcome in Macau casinos

One banker recently went to Macau for a long weekend with his friends, with plans to drink large amount of whisky, eat from overflowing plates of fine food, and gamble until the small hours of the morning. “I’m going to get lucky,” he promised me.

  • By Taipan
  • 04 Jul 2019
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His trip did not start well. He lost at blackjack. He lost at craps. He lost at baccarat. He continued to run up a string of losses in every game and every casino he visited, getting only the most minor comfort from the complimentary drinks. The more he lost, the more drinks they offered him.

It should come as little surprise that this banker ended the night in a state of utter inebriation. It was in such a state that he hatched a bold, novel and rather foolhardy plan. He made his way to the roulette table, took his place among the baying crowds and put thousands of dollars down on his favourite number.

When the roulette wheel begun to spin and the ball went into motion, he put his plan into action. He leant over the table, grabbed the wheel with a jerk and stopped it mid-spin. It still didn’t land on his number.

The croupier, rather unsurprisingly, didn’t take well to this interference. He furiously screamed into his walkie-talkie as the crowd of gamblers looked on in disbelief. At this point, the banker’s friends forced him out, bundled him into a taxi and fled in great haste.

The trip to Macau may not have turned out exactly as the banker hoped. But at least he had a lucky escape.

  • By Taipan
  • 04 Jul 2019

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 23.56
2 Industrial and Commercial Bank of China (ICBC) 16.09
3 China Merchants Securities Co 11.38
4 Agricultural Bank of China (ABC) 6.90
5 HSBC 5.75

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 10,410.71 44 7.35%
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3 UBS 8,138.26 58 5.75%
4 Morgan Stanley 8,137.73 53 5.75%
5 China International Capital Corp Ltd 7,763.69 49 5.48%

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Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 25,922.76 226 8.43%
2 Citi 20,478.62 144 6.66%
3 JPMorgan 15,342.51 106 4.99%
4 Standard Chartered Bank 13,964.21 139 4.54%
5 Morgan Stanley 11,315.38 77 3.68%

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