Australian billionaire James Packer said Melco Crown Entertainment Ltd. is looking for partners to build casinos in Japan should the country legalize gambling resorts and would consider listing the venture.
Melco Crown Entertainment Ltd. plans to lure 8,000 people to work at its third casino resort in Macau by offering competitive pay and management scholarships amid record-low unemployment rates in the city.
Melco Crown Entertainment Ltd., the casino venture controlled by billionaire James Packer and Lawrence Ho, advanced in Hong Kong trading after data showed better-than-estimated casino revenue in Macau.
Companies controlled by billionaires James Packer and Cheng Yu-tung have lodged bids to develop casinos in Australia’s Queensland state, as the state government plans to lure Asian tourists with new resorts.
China Media Capital, a state-backed investment fund, said it’s raising money from investors including WPP Plc, Time Warner Inc. and Softbank Corp. to invest in Chinese media and entertainment companies.
Beats Music LLC, the subscription streaming service from rapper Dr. Dre and record producer Jimmy Iovine, raised a second round of funding from existing investors, said three people with knowledge of the deal.
Crown Resorts Ltd., the gaming company controlled by billionaire James Packer, slumped after first-half profit missed analyst estimates as a 26 percent decline in bets from high-rolling gamblers weighed on earnings.