Echo Entertainment is down more than 10% to $3.09, after the Billionaire owner of its rival James Packer sold his 10% share.
Packer, who controls echo rival Crown sold his stake in a sale brokered by UBS AG, despite recently receiving approval from gaming regulators to increase it to 23%.
The stock was down 10.03% or 35 cents at 11:39AM, while the market has dropped 1.54%.
Business Insider Emails & Alerts
Site highlights each day to your inbox.