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Galaxy Slides in Hong Kong as Macau's Casino Sales Growth Slows - Bloomberg

Tuesday, 05 October 2010 00:49 administrator
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Galaxy Entertainment Group Ltd. fell the most in three months in Hong Kong trading after Macau’s casino revenue grew at the slowest pace this year.

Galaxy dropped as much as 6.9 percent to HK$6.37, the biggest intraday decline since July 2, before trading at HK$6.47 as of the 12:30 p.m. break on the Hong Kong stock exchange.

Macau’s September casino revenue increased 39.8 percent to 15.3 billion patacas, compared with 40 percent growth in August. That’s the slowest growth this year according to data from Macau’s Gaming Inspection and Coordination Bureau.

To contact the reporter on this story: Wendy Leung in Hong Kong at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

To contact the editor responsible for this story: Frank Longid at This e-mail address is being protected from spambots. You need JavaScript enabled to view it



Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHTdlHEMidkNxULM_oU5_5bCUtMPw&url=http://www.bloomberg.com/news/2010-10-05/galaxy-slides-in-hong-kong-as-macau-s-casino-sales-grow-at-year-s-slowest.html

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