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.
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.
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.
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.
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.