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Gaming | Stock Watch
easily support a healthy dividend in 2012/2013” which could comfortably reach HK$0.55 a share.
To the movies Galaxy Entertainment Group Ltd. (
0027.HK) was the strongest casino stock in 2011, gaining 61.8 percent. Last month, its Galaxy Macau prop- erty of cially inaugurated a 3-D cin- ema com plex, UA Galaxy Cinemas, with an area of about 16,000 square metres and a 1,000-seat capacity. The opening of its China Rouge
hybrid private membership club, per- formance theatre, bar and restaurant is expected to take place this year but no schedule has been announced yet. Galaxy Entertainment chairman Lui Che Woo has forecast the company would continue “to provide attrac- tions and facilities that have never been available in Macau before”. Wynn Macau Ltd. saw its shares
Share price performance of Hong Kong-listed gaming stocks (Rebased as HK$100)
300 250 200 150 100 50 -
1-Jan 2011
1-Feb 2011
1-Mar 2011
SJM Holdings Ltd.
Melco International Development Melco Crown Entertainment
1-Apr 2011
1-May 2011
1-Jun 2011
1-Jul 2011
Wynn Macau Ltd.
Galaxy Entertainment Group Ltd. Hang Seng Index
1-Aug 2011
1-Sep 2011
1-Oct 2011
1-Nov 2011
Sands China Ltd. MGM China Holdings Ltd.
Share price performance of U.S.-listed gaming stocks (Rebased as US$100)
300 250 200 150 100 50 -
1-Jan 2011
1-Feb 2011
1-Mar 2011
1-Apr 2011
Las Vegas Sands Corp. Penn National Gaming Inc.
1-May 2011
1-Jun 2011
1-Jul 2011
Wynn Resorts Ltd. Melco Crown Entertainment-ADR
1-Aug 2011
1-Sep 2011
1-Oct 2011
1-Nov 2011
1-Dec 2011
MGM Resorts International S&P 500 Index
As of December 23, 2011 JANUARY 2012
1-Dec 2011
rise 18.1 percent last year, while SJM Holdings Ltd. posted a more moder- ate growth of 5 percent. In early December, Melco Crown
Entertainment Ltd. was listed on the Hong Kong exchange by induction – in other words, by listing shares al- ready issued instead of issuing new ones. Melco Crown Entertainment was the rst company ever to hit the gong at its own listing ceremony in Hong Kong’s nancial history. This was an “important mile-
stone” for the gaming operator, co- chairman and chief executive of cer Lawrence Ho said. “A dual listing in Hong Kong broadens Melco Crown Entertainment’s investor base and creates an added growth driver for the company.” The company’s shares continue to also be traded on the Nasdaq. The share price of Melco Crown
Entertainment Ltd. in Hong Kong eventually fell bellow its listing price of HK$26.40 a piece to HK$24.50 by the end of the year but Melco Crown International Development Ltd. (
0200.HK), which owns about one third of the company, saw its share price soar by 30 percent last year. MGM China Holdings
Ltd.
(
2282.HK) commenced trading in Hong Kong last June after pushing ahead with an initial public offering. Its shares ended the year at HK$10.16 each, well bellow the offer price of HK$15.34.
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