Sands China, which operates Las Vegas Sands' three casinos in Macao, fell as much as 15 per cent when its shares began trading in Hong Kong yesterday, hit by concerns over the health of the world's largest gambling market.
The company, which raised $2.5bn after pricing its shares at HK$10.38, traded as low as HK$9.14. They ended the day down 10 per cent, closing at HK$9.31.
Sands' debut was affected by the performance of arch-rival Wynn Macau, which listed in Hong Kong in October.
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