Union Gaming Group LLC has relocated to a skyscraper, which stands tall over the ferry port servicing the Hong Kong to Macau route. The office in Hong Kong will house the portfolio of businesses the company deals in including sales and trading, equity research, investment banking, economic and market analysis all specifically relating to the worldwide gaming industry. The building is the Shun Tak Centre in Sheung Wan, Hong Kong. The group hosted their formal opening the first week of May.
Union Gaming Securities Asia Ltd, a part of the overall Group, stated it has formal approval to conduct Type 1 and 4 regulated activities as of March 26, 2015. The group’s licenses cover advising and dealing in securities.
The research portion of the business is going to focus on global gaming sectors. The Macau has become part of the Hong Kong operation now.
In a statement Grant Govertsen, the managing director of Union Gaming Group said, “Our view is that Asia represents the geographical future of gaming. Becoming licensed to deal and advise in securities in one of the financial capitals of Asia is imperative as [the group] seeks to grow the business.”
Carrie Yu has been hired as a director and responsible officer. Yu will work in the Hong Kong Unit, which means she will be responsible for the global gaming portion of the company. She was part of JP Morgan Asset Management in New York.
Another spokesman for Union Gaming, Rich Moriarty said the group couldn’t be happier being able to commence their business and invest deeper into Asia.