Galaxy leads slide in Macau gaming stocks after weak Jan revenue

Sands China

03/02/2025 04:57

** Galaxy Entertainment  0027.HK  leads slide in Hong
Kong-listed Macau gaming shares, with the stock falling as much
as 6.8% to HK$31, set for its biggest one-day drop since Oct. 7
    ** Stock on track to snap three straight sessions of gain;
second-biggest loser in both Hang Seng Index  .HSI  and Hang
Seng Commerce & Industry Index  .HSNC , which slips 0.7% and
0.5% respectively 
    ** Macau posted a 5.6% Y/Y drop in January gambling revenue
at 18.3 bln patacas ($2.28 bln) 
    ** Shares of Sands China  1928.HK  drop 6.1%, Melco
 0200.HK  fall 4.6%, Wynn Macau  1128.HK  decline 4.1%
    ** MGM China  2282.HK  eases 3.5% and SJM  0880.HK  slips
2.9%
    ** Hang Seng Composite Index  .HSCI  is down 0.6%



($1 = 8.0260 patacas)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))