Sands China Rises to Record After Earnings Beat on Cotai
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Sands China Ltd., the Macau casino operator controlled by billionaire Sheldon Adelson, surged to a record in Hong Kong after reporting third-quarter earnings that beat analyst estimates as its new resort drew more gamblers.
The stock rose 9.2 percent to close at HK$58, the highest level since its November 2009 listing. The shares have climbed 71 percent this year, compared with a 3 percent gain for the city’s benchmark Hang Seng Index.