BUZZ-Galaxy leads slide in Macau gaming stocks after weak Jan revenue

Reuters
02-03
BUZZ-Galaxy leads slide in Macau gaming stocks after weak Jan revenue

** 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))

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