Echo Entertainment Group Ltd., which has a 97 percent share of Queensland’s casino market, fell 5.2 percent to a two-month low in Sydney trading after the Australian state said it may issue as many as three new licenses for gambling resorts.
MTN Group Ltd. had its price estimate raised 14 percent to 165 rand at Macquarie Research from 130.21 rand, Martin Dullaart , a Johannesburg-based analyst at Macquarie, said in an e-mailed note to clients today.
John Malone, the billionaire who controls Liberty Global Plc, said he’s out of the race for Kabel Deutschland Holding AG and will look to southern Europe for opportunities when the economy there starts improving.
Japanese stock futures were little changed as investors awaited indications that European Union finance ministers have made progress on providing aid for Greece at their third meeting this month. CSL Ltd. led gains among Australian equities.