New York (Reuters) - Shares in Trump Entertainment Resorts Inc, which owns three casinos in Atlantic City, New Jersey, rose more than 16 percent on Friday on a report that the company is in takeover talks. The Star-Ledger newspaper, citing three people familiar with the talks, reported on Friday that Trump Entertainment was in preliminary talks with Cordish Co., a real estate development firm that was involved in the development of two Hard Rock-branded hotel casinos.

Macau - On a Monday morning the gaming halls of Macau's newest casino, the Grand Lisboa, are packed as punters from the Chinese mainland crowd the baccarat tables. Most are dressed in jeans and trainers, but an abundance of luxury brand shopping bags reveal their rising spending power. Chinese consumers and gaming liberalisation have made Macau one of the fastest-growing economies globally, overtaking Las Vegas last year as the world's biggest earner of gambling revenue, according to Macau government data.