Nine Entertainment Co. fell 1.5 percent on its stock market debut, almost 14 months after U.S. funds Apollo Global Management LLC and Oaktree Capital Group LLC took control of the broadcaster in a debt-for-equity swap.
Japanese lawmakers from the ruling Liberal Democratic Party submitted a bill to legalize casinos to parliament, bringing the nation closer to opening up what is estimated to be the world’s second-largest gaming market.
Melco Crown Entertainment Ltd., the Macau casino venture of entrepreneur Lawrence Ho and billionaire James Packer, rose for a fourth day in Hong Kong on prospects its version of the Las Vegas Strip in Cotai will boost profit.
Crown Resorts Ltd., the Australian gaming company controlled by billionaire James Packer, won final approval from the New South Wales state government to develop a casino in Sydney’s Barangaroo precinct.
Melco Crown Entertainment Ltd., the Macau casino venture between Australian billionaire James Packer and entrepreneur Lawrence Ho, posted third-quarter earnings that missed estimate on a lower win rate from high-stakes gamblers.
Sandwiched by forested hills and the Great Barrier Reef, the town of Cairns and its surrounding region are enduring a tourist slump. More than a third of the 3,892 hotel rooms in the tropical Australian getaway were empty in the three months through June.