Financial Services Sector run by Gambler

From The Standard

Lawmaker shows winning hand for advice

Wednesday, June 17, 2009

Financial services sector legislator Chim Pui-chung may not have been a god of stocks over the past year, but he has been a god of gamblers.

Chim has turned over the tables in Macau by winning more than HK$200 million in 10 months playing baccarat, according to The Standard's sister magazine East Week.

To celebrate his success at the Wynn and MGM casinos, Chim offers would- be gamblers six tips:

Have a clear mind, understand the banker's role and how it operates;

Know your strength;

Let the profit run;

Stop once your luck runs out;

Bet as much as you can when you are winning; and

Set a stop-loss and stop-profit point.

Chim said gambling is not a form of entertainment and should be seen as a business. The legislator, who claims to be one of the world's 10 biggest gamblers, is considering publishing a book, entitled Chim Pui-chung Winning Bible, which will include his secrets to winning and detail his extravagant stays at the best casinos around the world.

You have got to be kidding me... the Financial Service sector legislator of Hong Kong is "one of the world's 10 biggest gamblers". Unbelievable.

This gives even more reason to do away with the Functional Constituency seats in Legco currently occupied by lazy fat cats not elected by the general public.