Reuters: Global Markets: MGM China shares jump 5 percent after new casino gets green light

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

MGM China shares jump 5 percent after new casino gets green light Oct 19th 2012, 01:54 HONG KONG | Thu Oct 18, 2012 9:54pm EDT HONG KONG (Reuters) - Shares in MGM China (2282.HK), the Chinese arm of U.S. gambling giant MGM Resorts (MGM.N) jumped over 5 percent on Friday after the company said it formally accepted a land concession contract from the Macau government for land to build a new casino. MGM China has been waiting to build a new property in the world's largest gambling enclave. The company will pay the Macau government 450 million patacas ($56.4 million) as an initial payment for the lease. Macau is the only place in China where Chinese nationals are legally allowed to gamble.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions