Thursday, October 23, 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.
   
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