Tuesday, September 2, 2014   

Macau gaming revenue less than expected
(02-05 19:10)

Macau logged lower gaming revenue than expected in January, prompting sell-offs in gaming stocks.
Galaxy Entertainment (0027) closed 7.3 percent lower to HK$66.25. Sands China (1928) lost 7.4 percent to HK$54.65. Wynn Macau (1128) fell 2.9 percent to HK$32. SJM Holdings (0880) gave up 5.9 percent to HK$22.40. MGM China (2282) ended 4.3 percent lower at HK$28.65.
Gaming revenue of Macau gained only 7 percent in January as compared to a year ago, totaling 28.74 billion patacas. Market expected the total income at 30 billion patacas.
   
Other Business breaking news:
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Sony founder nephew to head PlayStation unit (09-01 17:27)
Microsoft demanded to explain over monopoly accusations (09-01 17:15)
German machine-tool orders stagnate in July (09-01 16:29)
Novartis Japan admits concealing drug side effects (09-01 16:28)
Heineken says selling Mexican packaging business (09-01 16:27)
European stocks mixed at open (09-01 16:16)
Hang Seng, Shanghai finish higher (09-01 16:14)
Macau gaming revenue down in August (09-01 15:29)
Germany runs up surplus in first half (09-01 15:08)

More breaking news >>

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