Asian stocks rose, with the regional benchmark index rebounding from its biggest drop in two weeks, after a larger-than-forecast climb in a measure of U.S. manufacturing tempered concern about global growth.
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.
Melco Crown Entertainment Ltd., the Macau casino venture of billionaire James Packer and Lawrence Ho, said it will begin paying dividends after posting a gain in fourth-quarter earnings as it won more-profitable gamblers.
Echo Entertainment Group Ltd. Chief Executive Officer John Redmond will step down after only about a year in the role, the casino company said today as it reported a 31 percent slump in first half earnings.
Zhaopin Ltd., the Chinese online job-market operator controlled by Australia’s Seek Ltd., picked Credit Suisse Group AG and UBS AG to work on an initial public offering, said two people with knowledge of the matter.
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.
Australian billionaire James Packer bought 9.4 percent of Zillow Inc., becoming the second-biggest shareholder in the U.S. real-estate website, after housing starts in the country rose to a five-year high.