gambling revenue

Galaxy Macau Hotel in Macau. Photo: Sam Tsang

Macau casinos' shares fall on lower Lunar New Year revenue

Macau casino shares dropped steeply on Tuesday in response to a report from HSBC Global Research that gaming revenues failed to reach its projections for the first 17 days of this month. Shares in SJM led the retreat, falling 5.3 per cent to close at HK$19.32, followed by Galaxy Entertainment, which ended the day down 4.9 per cent at HK$33.15.