Troubled chairman, currently remanded in custody, quits as casinos sever ties with group; trading in shares resumes this morning.
Hong Kong Stock Exchange
News doubly welcome in wake of Suncity debacle, however, government still 40 per cent short of its MOP 130 billion gross gaming receipts target.
Macao’s gaming operators also take a hit for the second day, suffering losses of up to 6.5% following Suncity CEO Alvin Chau’s arrest at the weekend.
MGM down 10%, Melco and Wynn lose 8%, SJM drops 8% and Galaxy and Sands China close down 5% at end of a tough day’s trading.
MGM China said in a statement to the Hong Kong Stock Exchange that its total revenue grew by 22% year-on-year to HK$5.8 billion.
1 2
