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With the legalization of online gambling in the U.S., European gambling firms see a huge opportunity.
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HONG KONG, May 15- Hong Kong shares could start steady on Wednesday, with the Macau casino sector in focus after Galaxy Entertainment posted a record first quarter adjusted EBITDA of HK $2.8 billion. *Macau casino Galaxy Entertainment Group Ltd said it booked a record first-quarter adjusted EBITDA of HK $2.8 billion, up 29 percent from a year earlier.
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May 14- Billionaire investor Daniel Loeb likely faces an uphill battle to convince Sony Corp to embrace his proposal to spin off its entertainment arm, but he likely already holds a winning hand in his bet on the Japanese electronics giant. Loeb and investors in his hedge fund Third Point Offshore are already reaping the benefits of a well-timed move into Japan.
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LOS ANGELES, May 14- The Las Vegas Sands Corp said a Nevada state court had awarded Hong Kong businessman Richard Suen $70 million after he sued the company claiming it had failed to make good on a promise to pay him for helping it get permission to operate a Macau casino. Sands has said it won the Macau license without Suen's assistance.
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NEW YORK/ WASHINGTON, May 12- When David Pendery, a corporate public relations specialist, decided to move his family from Colorado to Illinois this year for work, his biggest worry was whether he would be able to sell his home quickly. It took just three days.
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LAS VEGAS, May 10- In Las Vegas this week, hedge fund investors rubbed shoulders with big-name managers, Hollywood heavies and political swells against a Bellagio hotel backdrop of glitz and gambling.
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JERUSALEM, May 10- He was once celebrated for his vast fortune and daring deals, but when Israeli tycoon Nochi Dankner was about to catch a break from the bank on his massive debts, public outrage kicked in.
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NEW YORK, May 9- Three long-time favorites of the short-selling crowd are making those investors eat crow, as Tesla, Barnes& Noble and Green Mountain Coffee are racking up big gains, making an already painful year for contrarian investors even worse. Barnes& Noble shares rose 24 percent on reports of a possible acquisition of some of its assets by Microsoft.
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LONDON, May 9- U.S. solar module maker and project developer First Solar illustrates wider industry efforts to secure new markets in a shift away from the United States and Europe.
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The advocacy group created by Mark Zuckerberg and others to push for immigration reform has bankrolled TV ads endorsing some conservative stands, prompting an outcry from liberals.
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NEW YORK, May 9- Foreclosure activity fell in April to its lowest level in more than six years, the latest sign the recovery in the housing market is on track, a report from RealtyTrac showed on Thursday. It was the lowest level since February 2007.
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NEW YORK, May 7- Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year's gold rout, further tarnishing his once legendary status in the $2 trillion hedge fund industry. Assets under management at his Paulson& Co firm have dropped to $18 billion, down from $38 billion in early 2011, due to investor redemptions and poor performance.
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NEW YORK, May 7- Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year's gold rout, further tarnishing his once legendary status in the $2 trillion hedge fund industry. Assets under management at his Paulson& Co firm have dropped to $18 billion, down from $38 billion in early 2011, due to investor redemptions and poor performance.
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NEW YORK, May 7- Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year's gold rout, further tarnishing his once legendary status in the $2 trillion hedge fund industry. Assets under management at his Paulson& Co firm have dropped to $18 billion, down from $38 billion in early 2011, due to investor redemptions and poor performance.
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May 7- Corvus Gold Inc:. *Begins aggressive 20,000 metre 2013 drill program at the north bullfrog. project, Nevada* Source text for Eikon* Further company coverage.
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NEW YORK, May 7- U.S. home prices rose in March, marking the biggest annual increase in seven years, in the latest sign of strength for the recovering housing market, a report from CoreLogic showed on Tuesday. CoreLogic's home price index jumped 1.9 percent from the previous month and accelerated by 10.5 percent compared to March last year.
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WASHINGTON, May 6- The U.S. Forest Service is acquiring seven advanced firefighting air tankers to help modernize its aging fleet ahead of what is expected to be a bad season for wildfires. The Forest Service has awarded five companies contracts to supply the planes, which dump fire-retardant chemicals on blazes, the agency said on Monday.
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"We believe Apple is about to change the narrative and get investors, analysts, customers and the media finally talking about new products again- starting with a software/services/Mac event on June 10th and a likely iPhone/iPad event in September," analysts led by Ben Reitzes said in a note to clients. **MBIA INC, $14.10, up 43.4 pct** BANK OF AMERICA CORP, $12.74, up 4 pct.
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Loeb's Third Point Offshore fund was helped by bets on Yahoo Inc. and Greek government bonds in April, according to the note. Other winning trades included a Japan macro position, insurance company American International Group and Japan Tobacco.
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May 6- Pacific Rim Mining Corp:. agreement to acquire a 65% jv interest in Nevada. *Says it is not in a financial position to spend required $1 million on.
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HONG KONG, May 6- Macau casino operator SJM Holdings Ltd, controlled by the family of gambling tycoon Stanley Ho, posted a 12 percent year-on-year increase in first-quarter net profit, buoyed by strong interest from cash-rich Chinese gamblers. Macau, a former Portuguese colony, is the only place in China where citizens can legally gamble in casinos.