Saturday 4 June 2011

gulfnews : MGM China shares up on first day of trading

Macau casino operator MGM China Holdings Ltd. rose up to six per cent on its Hong Kong stock exchange debut yesterday, highlighting strong investor interest in the world's biggest gambling market.

Shares in MGM China, which is controlled by Las Vegas-based MGM Resorts international, rose 92 cents to HK$16.26 (Dh7.67) after trading began yesterday morning, before easing back to HK$15.84.

The benchmark Hang Seng Index, meanwhile, dipped about 0.3 per cent.

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