Published
Land-BasedCasinoIndustry

Macau’s casino shutdown extended by five days

Macau’s casino lockdown has been extended by an initial five days. 

macau generic background gambling insider web image
Listen To Article

Originally due to finish on 18 July 2022, the closure of the region’s casinos is now scheduled to end on 23 July.  

Macau’s Government intends to distribute $1.24bn to businesses affected by the shutdown, as the region's 41 casinos are expected to lose $1bn during the current period of closure. 

The real worry, however, is that Macau’s current outbreak will continue to persist past this point.  

The Government is closely following mainland China’s zero Covid-19 policy in its application of social distancing measures. Should local cases continue to be reported, Macau’s Covid restrictions will persist too.  

As part of the local lockdown, authorities have suspended all dine-in services and called a stay-at-home order for all but essential travel.  

Furthermore, KN95 masks specifically must be worn when leaving the home for essential goods and services. 

At present, several Cotai casino resorts have made themselves available as quarantine destinations.  

The Studio City resort and Broadway Macau were the most recent locations to add themselves to the list, adding over 1000 rooms to the region’s quarantine capacity. 

The situation in Macau does not look promising for the three Las Vegas companies with holdings in the region – Sands, Wynn Resorts and MGM Resorts. 

At a recent CNBC summit, the CEOs of all three operators spoke of their belief in a Macau resurgence.  

The region has not managed a recovery anywhere near the operating levels it reached pre-pandemic. A Macau recovery does not look particularly close either. 

The news, presumably, is harder to take for Sands which no longer has its Las Vegas destination as a source of revenue after it sold the Venetian for $6.25bn in 2021.

Singapore and the Philippines have been revenue havens for companies operating in Asia, while Macau continues to struggle.


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Nederlandse Loterij
Relax Gaming
Hoiana Resort & Golf
Tipico
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...