Shares of Lippo Ltd jumped 41 percent in resumed trade on Tuesday after South Korea granted preliminary approval to a consortium that includes the Hong Kong-listed company to build and operate a casino resort. Lippo, which has a market value of $279 million, was given a preliminary licence together with U.S.-based Caesars Entertainment Corp and property developer OUE Ltd to build the resort, including a foreigners-only casino estimated to cost 855 billion won ($801 million).
Caesars Entertainment Corporation is a diversified casino-entertainment provider. Shares of CZR traded higher by 1.01% or $0.24/share to $23.91. In the past year, the shares have traded as low as $11.84 and as high as $26.74. On average, 908148 shares of CZR exchange hands on a given day and today's volume is recorded at 446824.
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