SJM leads slide in Macau gaming stocks after Suncity chairman arrested

** Shares of SJM Holdings lead slide in Macau gaming stocks, falling 3.8% to the lowest since Oct. 12 on their third consecutive session of decline

** Melco, MGM China, Wynn Macau, Sands China and Galaxy also fall between 0.6% and 2.3%

** Alvin Chau, who is also the founder of Suncity - a junket operator that brings in high rollers to play at casinos, was arrested by Macau police on Sunday

** Suncity stock plunged 47.8% to HK$0.133, the lowest since listing in February 2007; the second biggest percentage decliner on the Hong Kong bourse

** Suncity's unit Summit Ascent Holdings dropped as much as 50.5% to HK$0.24, its worst day ever on record; and was the biggest daily percentage decliner on the Hong Kong bourse

** Hang Seng Commerce & Industry Index slides 0.9%, and the benchmark index eases 0.8%