Hochtief AG, Germany’s largest builder, offered A$1.16 billion ($1.05 billion) to increase its stake in Leighton Holdings Ltd. to as much as 74 percent and signaled it may consider a full takeover. The shares surged.
Sands China Ltd., the Macau casino operator controlled by billionaire Sheldon Adelson, posted a 40 percent gain in fourth-quarter profit as its resorts drew more bettors in the world’s biggest gaming market.
Business leaders including top executives at Lawson Inc. and Suntory Holdings Ltd. are joining forces to back the legalization of casinos in Japan, a proposal that could open up what’s estimated to be the world’s second- largest gaming market.
MGM China Holdings Ltd. fell the most in seven months, leading declines among Macau casinos after JPMorgan Chase & Co. cut its rating to neutral and recommended investors trim holdings of rival operators.
Starbucks Corp. is maintaining a coffee sourcing memorandum of understanding it has with India’s Tata Coffee Ltd. after India’s government formally removed the limit on foreign investment in single-brand retail.
Universal Entertainment Corp. fell to the lowest in more than two years in Tokyo trading after the Philippines said it was probing graft allegations and may cancel Chairman Kazuo Okada’s casino license if bribery was proven.