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Casino King Takes Gamble To Fend Off Macau Rivals - WSJ

online.wsj.com — Macau gambling magnate Stanley Ho is betting a new casino and a public offering will help put the company on the offensive as it faces Las Vegas operators. The 86-year-old pushed through an IPO for the company he controls, SJM Holdings Ltd., raising $494 million despite stock-market jitters. SJM shares closed at HK$2.69 Friday, down 13%.

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