The investment comes at a time when the gambling industry has been ravaged by government restrictions on movement due to the COVID-19 pandemic, as well as fears about public gatherings.
The company bolstered its direct-to-consumer strategy, increasing investment in e-commerce, and will concentrate its store openings in mainland China, where business appears to be recovering at a faster pace from COVID-19.
Brand-licensing company WHP Global Inc. has bowed out of the race for Brooks Brothers Inc., according to people familiar with the matter, leaving a venture backed by apparel-licensing firm Authentic Brands Group LLC and mall owner Simon Property Group Inc. poised to take control of the bankrupt retailer.
The Hong Kong government called the sanctions “shameless and despicable” and said the city would not be intimidated by them.
Results were heavily affected by the pandemic as well as by a decline in revenue related to the sale of the company’s supermarket-coupon business, News Corp said.
U.S. prosecutors are pursuing possible penalties of nearly $13 billion to resolve investigations of OxyContin maker Purdue Pharma.
U.S. stock futures wavered Tuesday as a slew of major companies reported earnings, some of them beating already low expectations from coronavirus economic troubles.
Japanese electronics and entertainment company Sony Corp. said Tuesday that its April-June profit jumped 53% as its video game and other online businesses thrived with people staying home due to the coronavirus pandemic.
Blue Apron added 20,000 customers during the three months through June, helping increase the order count by 389,000.
A New Jersey-based securities trader admitted Tuesday to orchestrating a massive, long-running market manipulation scheme and tax fraud that netted more than $17 million in illegal profits, federal prosecutors said.
Coronavirus relief negotiations with House Democrats, who passed a larger relief bill months earlier and criticized the GOP plan as insufficient, are ongoing.
The U.S. government has reached a $1.95 billion deal with Pfizer and BioNTech for 100 million doses of their experimental COVID-19 vaccine after it receives regulatory approval from the Food and Drug Administration.
Cigarette shipments fell 18% in the quarter, dragged down in part by weakness in South and Southeast Asia, where volumes were off 28% from last year.
The early advance puts both the Dow and the S&P 500 on their way to a third straight week of gains.
The deadline for most Delta employees to accept early departure or early retirement packages was Monday
Foreaders 