Typhoon Mangkhut estimated to have cost Macau casinos $119m

By Nathan Joyes

The Macau Statistics and Census Service has estimated Typhoon Mangkhut cost the country's gambling industry MOP 960m ($119m).

On 15-17  September, casinos in Macau were forced to close due to the typhoon. This was the first time casinos were made to shut their doors since opening in 2002.

The Macau Statistics and Census Service has estimated the damage also caused the rest of Macau losses of around MOP 1.55bn.

The estimate covered economic losses of business, damages to homes, vehicles and public service systems, to name a few.

The government and the six operators of Macau’s casinos agreed to close until the storm had passed. The government has since said it may consider making closures mandatory if and when another storm hits Macau.

Typhoo Mangkhut caused serious flooding and damage to infrastructure, with floodwater levels reaching up to 1.9 metres above road level, while wind speeds hit up to 160 kilometres per hour.

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