Macao; and property

Some big investors are betting that a Hong Kong media conglomerate can prove to be a smart play on Macau's casino boom.

Investors in eSun Holdings, the company behind plans for a $2 billion casino called Macao Studio City, include some major players. In February, New York-based hedge fund Och-Ziff Capital Management disclosed that it owns about 8% of eSun, according to FactSet Research Systems Inc., which compiles publicly available data on equity holdings. About a year ago, Mercury Real Estate, a Connecticut-based real-estate hedge fund, bought about 6% of the company's stock.