Sands China plunges on disappointing Q1 earnings

MACAO - Sands China Ltd dropped the most in more than a month in Hong Kong trading after its Las Vegas-based parent reported first-quarter earnings that missed analysts' estimates.

The casino company slumped as much as 5.6 percent, the biggest intraday decline since March 31, to HK$21.15 ($2.72) before trading at HK$21.75 as of the 12 pm local-time trading break, leading Macao casino operators lower in Hong Kong trading. The benchmark Hang Seng Index (HSI) fell 1.3 percent.

A Macao expansion is about five weeks behind schedule because of a shortage of workers, Las Vegas Sands Corp (LVS) Chief Operating Officer Michael Leven said in a conference call on Tuesday.