ALBANY, N.Y.-- New York residents could see huge resort casinos upstate and an influx of new employers lured by the promise of tax-free operations for a decade under several deals in the works in Albany. Assembly Speaker Sheldon Silver, a Manhattan Democrat, said late Monday afternoon that the lawmakers were "hopeful of closing it up tonight _ everything."» Read More
Jana, which oversees more than $4 billion in U.S. stock holdings, disclosed stakes of 24.6 million Zynga Inc class A shares and 21.9 million Groupon Inc class A shares in regulatory filings on Wednesday. The Groupon stake was worth $134 million as of the end of March, while the Zynga holding was worth $86 million, according to the filings.
BOSTON, May 15- Zynga Inc. shares jumped 7.6 percent to $3.57 in morning trading Wednesday, shortly after hedge fund manager Barry Rosenstein said his Jana Partners had taken a new stake in the online games developer earlier this year.
*Li& Fung lifted by UBS upgrade, chairman's comments. HONG KONG, May 15- Hong Kong and China shares rebounded from a one-week low on Wednesday in weak volume, with investors mainly focused on a handful of stocks on hopes of an earnings turnaround.
*Li& Fung lifted by UBS upgrade, chairman's comments. HONG KONG, May 15- Hong Kong stocks rebounded from a one-week low on Wednesday with a 7 percent surge in shares of top supply chain manager Li& Fung after its chairman said he expected earnings to rise to 2011 levels while UBS upgraded the stock.
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.
Melco Crown Entertainment earnings missed expectations. David Bain, Sterne Agee, explains why the stock remains his top pick.
HONG KONG, May 7- Hong Kong and China shares lingered at multi-week highs in choppy trade on Tuesday as investors brace for a slew of April Chinese data that could offer clues on the recovery in the world's second-largest economy. The Hang Seng Index ended up 0.6 percent at 23,047.1 points, stymied by chart resistance at the March 11 closing high at about 23,090.8.
HONG KONG, May 7- Hong Kong shares ended at multi-week highs in choppy trade on Tuesday as investors braced for a slew of economic data from China that could offer fresh clues on the recovery in the world's second-largest economy. The Hang Seng Index closed up 0.6 percent at 23,047.1, its highest closing level since March 11.
HONG KONG, May 7- Hong Kong and China shares lingered at multi-week highs in choppy trade on Tuesday as investors rotated out of recent outperformers ahead of April China data that could offer fresh clues on the recovery in the world's second-largest economy.
Jonathan Galaviz, MD & Chief Economist at Galaviz & Company, says Macau's gaming revenue will continue to grow, in both the VIP and mass-market segments, as the Chinese territory's tourism story evolves.
HONG KONG, May 7- Hong Kong shares may start higher on Tuesday, tracking Wall Street's strength on solid earnings and a brighter economic outlook. Elsewhere in Asia, Japan's Nikkei was up 2.7 percent, while South Korea's KOSPI was down 0.2 percent as of 0045 GMT.
*Jiangxi Copper jumps as Shanghai copper futures soars. HONG KONG, May 6- Hong Kong shares climbed to their highest in almost two months on Monday, while onshore China markets rose to a two-week high, buoyed by robust gains for commodities-related counters as prices in physical markets soared.
Edward Tracy, President and CEO of Sands China, discusses the company's move to bring the 'DreamWorks Experience', and more Chinese families to Macau
That's what casino operator Genting Singapore PLC blamed for reporting a sharply lower-than-expected quarterly profit, while also flagging a cautious outlook due to muted Chinese economic growth.
SINGAPORE, May 2- Casino operator Genting Singapore PLC's core earnings fell 35 percent and missed market estimates as premium gamblers got lucky and won more of their bets.
A group of 10 lawyers and academics with experience in prior liability cases met in Indianapolis in mid-April to discuss whether a lawsuit claiming online gaming further promotes gambling addiction has a shot at winning.
HONG KONG, May 2- Hong Kong shares could return from a mid-week Labour Day holiday weaker on Thursday, after soft China manufacturing data and a disappointing jobs report in the United States heightened concerns about the global economy. Elsewhere in Asia, Japan's Nikkei was down 0.3 percent, while South Korea's KOSPI was down 0.1 percent at 0058 GMT.
LOS ANGELES, May 1- Casino operator Las Vegas Sands Corp, owned by billionaire Sheldon Adelson, on Wednesday posted better-than- expected first-quarter earnings, helped by good results in Macau and Singapore, and its shares rose. "For me the big surprise was Singapore and its VIP business, which was very strong," said John Kempf, an analyst with RBC Capital Markets.
CHICAGO, May 1- The Illinois Senate passed a bill on Wednesday that would bring much-need revenue to the cash-strapped state by expanding gambling and giving Chicago its first casino. Ahead of the vote, Chicago Mayor Rahm Emanuel reiterated his vow to use casino revenue to aid Chicago's financially strapped public school system.
LOS ANGELES, May 1- Casino operator Las Vegas Sands Corp, owned by billionaire Sheldon Adelson, on Wednesday posted better-than- expected first-quarter earnings, helped by good results in Macau, and its shares rose.