Casinos and Gaming
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**APPLE INC, $447.94, up 2 pct. William Blair& Co analyst Anil Doradla said the bond oversubscription showed investor confidence in Apple, adding that shareholders will get these benefits, and that capital allocation is driving the shares up. **AVEO PHARMACEUTICALS INC, $2.69, down 49 pct.
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**GENERAL MOTORS CO, $31.5, up 4 pct. **VISA INC, $170.8, up 3 pct. **FACEBOOK INC, $28.17, up 3 pct.
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ROME, May 2- Italy's Lottomatica said it would invest in Greek betting company OPAP by taking a minority stake in the investment fund which bought the 33 percent Athens sold as part of an international bailout.
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**GENERAL MOTORS CO, Wednesday close $30.18, up 4 pct premarket. **SEAGATE TECHNOLOGY, Wednesday close $36.94, up 4 pct premarket. **FACEBOOK INC, Wednesday close $27.43, up 2 pct premarket.
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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.
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**GENERAL MOTORS CO, Wednesday close $30.18. **MANULIFE FINANCIAL CORP, Wednesday close $14.65. **ACTAVIS INC, Wednesday close $104.39.
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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.
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HONG KONG, May 2- Gambling revenue in Macau, the world's biggest gaming destination, rose 13.2 percent in April year-on-year, buoyed by strong demand from wealthy Chinese punters. Macau, a Portuguese colony until 1999, is the only place in China where casino gambling is legal.
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HONG KONG, May 2- Gambling revenue in Macau, the world's biggest gaming destination, rose 13.2 percent in April year-on-year, buoyed by strong demand from wealthy Chinese punters. Macau, a Portuguese colony until 1999, is the only place in China where casino gambling is legal.
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SINGAPORE, May 2- Singapore shares touched a five-year high on Thursday, with DBS Group Holdings rising over 4 percent, its biggest daily gain in more than three years after posting a record profit for the first quarter. "DBS remains an Outperform and our high-conviction top pick in Singapore banking," said CIMB Research.
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U.S. stocks extended their advance on Thursday, with the Nasdaq Composite up 1 percent, led by gains in shares of Apple and Gilead Sciences. **GILEAD SCIENCES INC, $52.88, up 5 pct.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.