Promising signs of recovery in overseas markets
Hong Kong shares rise, buoyed by uptick in casino earnings
2014-10-21
Reading time 29 seg
(Hong Kong).- Hong Kong shares finished higher last Friday, lifted by signs of recovery in overseas markets and a good earnings report from one casino that lifted stocks in that sector. The Hang Seng Index closed up 0.5 percent at 23,023.21 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong also rose 0.5 percent.
For the week, the two indices were down 0.3 percent and 0.7 percent, respectively. Shares of Sands China, which posted solid third-quarter results, rose 5.3 percent. Galaxy Entertainment Group gained 4.6 percent.
Some analysts said they had expected casinos to report better fourth-quarter earnings as they believed the number of visitors travelling to Macau during the mainland's Golden Week was higher than a year earlier.
Leave your comment
RELATED NEWS
Project includes gaming, hospitality facilities
Wilton Rancheria breaks ground on Sky River hotel resort development
As Russia weighs online gambling
Putin approves creation of Russia's sixth gambling zone in the Altai region
COMPANIES
Season-long branding placement
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Brings more than 20 years of experience
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
New Event Content & Production Manager
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
China and digital growth lift quarterly revenue
MGM Resorts posts record first-quarter revenue as profit slips on weaker margins
NYCE Marketplace
Vor Turbo shares product overview
Sportsbook integration: Deploying betting widgets at scale
Partnership expansion
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Also authorised in New Jersey, Michigan
Flows secures Pennsylvania Gaming Control Board authorisation
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
European circuit expands
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
EVENTS CALENDAR
Highlighted
Affpapa Conference Madrid 2026
Highlighted
MAC Affiliate Conference 2026
Highlighted
SBC Summit Americas 2026
JUN 9th 26 / JUN 11th 26
Live Event Broward County Convention Center, Fort Lauderdale, Florida
Highlighted
PGS 2026
Highlighted
SBC Summit 2026
Highlighted
