International edition
September 26, 2021

Gaining 61.8 %

Galaxy best gaming stock in 2011

(Hong Kong).- Galaxy Entertainment Group posted the best stock performance in 2011 among the gaming operators listed in Hong Kong, gaining 61.8 percent. The company clearly outpaced the benchmark Hang Seng Index, which dropped up 20 percent last year.

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elco International Development, which owns roughly one third of gaming operator Melco Crown Entertainment, saw its share price soar by 30 percent in 2011. It was listed in Hong Kong early last month. Its shares ended 2011 at us$ 3.15 a piece, below its listing price of us$ 3,39. The company is also listed on the Nasdaq.

Sands China’s stock price rose nearly 28.5 percent last year, the third best performer among Macau gaming stocks. Wynn Macau saw its shares go up by 18.1 percent in 2011, while SJM Holdings posted a more moderate growth of 5 percent.

MGM China Holdings only started trading in Hong Kong in early June this year, after pushing ahead with an initial public offering. Its shares ended the year at us$ 1,30 a unit, well below the offer price of us$ 1,97.

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