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TOKYO, Nov 8- Japan's biggest property developer Mitsui Fudosan Co has joined forces with media firm Fuji Media Holdings and builder Kajima Corp to develop a proposed casino and resort complex in Tokyo.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
The effects of the latest bird flu can already be seen in Chinese stocks, especially those in the travel or vacation business.
Casino stocks are having a terrific week—and it has nothing to do with Las Vegas. In fact, it has everything to do with the coastal Chinese city of Macau.
Japan's Nikkei extended losses on Friday on news that a conservative may be the leading candidate to head the Bank of Japan while Australian and South Korean shares ended a range-bound session relatively flat, weighed down by weak euro zone growth.
Macau gambling stocks such as Sands China and Galaxy Entertainment Group fell on Wednesday after a media report said Beijing may crack down on junket operators that bring in Chinese VIP high-rollers, arrange credit and collect debts.
Take a look at some of Wednesday's midday movers:
HONG KONG, Oct 4- Gambling revenue in Macau rose a weaker-than-expected 12.3 percent in September, indicating China's slowing economy is increasingly hurting the appetite of wealthy mainland gamblers to place bets in the world's largest casino market.
HONG KONG, Oct 4- Gambling revenue in Macau, the world's largest casino market, rose 12.3 percent in September year-on-year, government data showed on Thursday. Analysts had forecast September growth in the tiny enclave on China's southern coast, to be up 15-17 percent ahead of a national holiday week starting in October.
Chad Mollman, Equity Analyst, Morningstar notes the decline among VIP gamblers in Asia's casinos, due to the tough economic environment. He says the mass market middle-class sector is driving growth in casinos.
The bulls are rolling the dice on Macau casino operator Melco Crown Entertainment.
Grant Govertsen, Principal Analyst, Union Gaming Group is bullish on Macau's gaming market, and is particularly excited about the high growth potential of the mass market gaming segment.
Casino operator Caesar’s Entertainment, which holds its IPO on Wednesday, might not be a good bet for everyone, one analyst said.
Solid gaming revenue growth of 40 percent seen in Macau over 2011 is not reflected in the stock price of companies operating in the world’s biggest casino center, says David Bain, Entertainment Analyst at brokerage Sterne Agee, who believes it is time to gain exposure to the undervalued casino operators.
Although stocks ended higher Thursday, the “Fast Money” traders were watching these market movers.
The Fast Money Halftime Report traders discuss an unusual move for Green Mountain Coffee and share insight on concerns about China's growth and global debt, with David Riedel, Riedel Research Group.
Cramer makes the call on viewers' favorite stocks.
The Lightning Round is extended in this CNBC.com exclusive feature.
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