Gaming Alert | New Jersey gets five more sports betting applications

New Jersey regulators have received five additional applications from gambling companies seeking to start offering sports betting before football season starts in September. David Rebuck,

Alibaba’s Ele.me seeking at least USD2b in funding, sources say

Ele.me, the food delivery platform acquired by Alibaba Group Holding Ltd., is on the hunt for USD2 billion of new financing to help in its fight against

Anbang is said to consider sale of health insurer Hexie

Anbang Insurance Group Co. is weighing a sale of its Hexie Health Insurance Co. unit as the troubled Chinese firm reviews its assets for possible

Hong Kong | Tutoring firm Bexcellent soars 22 percent in debut

Bexcellent Group Holdings Ltd., whose top tutor earns more than HKD40 million (USD5.1 million) a year, surged as much as 34 percent on the first day of

Corporate Bits | Sands China hosts company-wide blood drive

Sands China has once again teamed up with the Macau Blood Transfusion Centre to host a company-wide blood drive at the company’s properties. Over 170 team

Gaming | New Jersey track brings sports bets to New York’s doorstep

A northern New Jersey horse racing track has brought legal sports betting to New York City’s doorstep. The Meadowlands Racetrack in East Rutherford began taking sports bets on

Real Estate Matters | Saving the environment through real estate

When you think of environmental pollution, what comes to mind? It’s probably the exhaust spewing out of the millions of vehicles and the waste that leaks out of

Singapore’s rich turn wary of bonds sold by smaller firms

Singapore’s smaller companies will likely have to pay more to roll over borrowings in the local bond market ahead of unprecedented maturities, as the wealthy

UK releases long-awaited and already derided Brexit plan

The British government released detailed plans yesterday for what it calls a “principled pragmatic and ambitious” Brexit — plans that have already triggered the

Gaming | Hard Rock, Bet365 plan sports betting in New Jersey

Hard Rock has signed a deal with a British online gambling company to offer sports betting as soon as the arrangement is approved by New Jersey gambling

Media | Murdoch’s 21st Century Fox ups Sky bid to beat rival Comcast

Media mogul Rupert Murdoch’s 21st Century Fox increased yesterday its bid to take full control of lucrative European pay TV service Sky in a

Inequality helps explain why young billionaires are so boring

Early in Warren Buffett’s life, his father failed to get hired at the family grocery store during the Great Depression. Without a job, and without any

Xiaomi gains USD6b in a rebound from weak Hong Kong debut

Xiaomi Corp. surged 13 percent a day after its disappointing debut, gaining roughly USD6 billion of market value as investors begin to pile into the

Pepsi gets another boost from salty snacks

PepsiCo Inc., grappling with a slumping soda business, got another boost from its food operations. The maker of Mountain Dew posted second-quarter profit that

Tesla plans China plant with 500,000 vehicle capacity

Tesla Inc. is planning a factory in China with a capacity for 500,000 vehicles a year, according to people familiar with the matter, making its

Uber poised to make investment in scooter-rental business

Uber is getting into the scooter-rental business. The ride-hailing company said yesterday that it is investing in Lime, a startup based in San Mateo,

Sa Sa records profit surge on tourism rebound

Cosmetics firm Sa Sa Holdings International has reported a profit growth of 34.7 percent for the year ending on March 31, driven by local consumption

Packer quits board of own company to recover from illness

Billionaire James Packer stepped down as a director of his private investment company, three months after quitting the board of his casino operator Crown Resorts

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