David Bain News
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Billionaires Juan Roig and Hortensia Herrero, the husband-and-wife team that controls Mercadona SA, Spain’s largest supermarket chain, created thousands of jobs last year as their country’s economy crumbled.
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Melco Crown Entertainment Ltd., a Macau casino operator, rose to a three-week high in New York after Sterne Agee & Leach Equity Research said in a report a new resort will resume construction in 45 days.
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David Bain, an analyst at Stern Agee & Leach Inc., talks with Bloomberg's Pimm Fox and David Wilson about gaming in the east Asian nation of Macau, the world's biggest gambling hub.
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Wynn Macau Ltd. and Sands China Ltd. slumped in Hong Kong trading after shares of their U.S.-listed parents fell on concerns China’s growth may slow.
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MGM Resorts International, the biggest casino operator on the Las Vegas Strip, plans to raise about $550 million by selling stock, and said its founder and biggest shareholder, Kirk Kerkorian , will reduce his stake.
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Scientific Games Corp. agreed to buy WMS Industries Inc. for $1.5 billion, the biggest deal in leisure and recreational products in almost two years, to create a global supplier of lottery equipment and slot machines.
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MGM Resorts International plans to raise about $517 million selling stock, boosting cash amid signs that a record Las Vegas gambling slump is easing.
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Chinese equities fell in New York, led by Baidu Inc. and solar stocks, on speculation a five-week rally in the benchmark index of U.S.-traded shares is overdone.
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Melco Crown Entertainment Ltd. climbed in New York, pushing the premium over its Hong Kong shares to the widest in two weeks, on speculation New Year holiday gambling will drive Macau casino revenue to a record. Most Chinese stocks in the U.S. rose.
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Caesars Entertainment Corp., the U.S. casino chain with more than $22 billion in debt, jumped 71 percent in its trading debut after completing an initial public offering a fraction of the size of its failed 2010 effort.
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