{"id":8299,"date":"2022-07-12T00:00:00","date_gmt":"2022-07-12T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/asia\/casinos-in-macau-once-again-has-temporarily-shut-down\/"},"modified":"2022-07-12T00:00:00","modified_gmt":"2022-07-12T00:00:00","slug":"casinos-in-macau-once-again-has-temporarily-shut-down","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/casinos-in-macau-once-again-has-temporarily-shut-down\/","title":{"rendered":"Casinos in Macau once again has temporarily shut down"},"content":{"rendered":"<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">The government of Macau has decided to temporarily shut casino venues as the number of Covid-19 cases in the latest outbreak passed 1,400. Until now, casinos had remained open, although with limited staffing and close to zero business.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">Casinos will remain closed from yesteray (July 11) until July 18. Construction and industrial sites have also been closed. <\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">Andr&eacute; Cheong Weng Chon, Macau&rsquo;s Secretary for Administration and Justice, said: <em>&ldquo;This is not exactly a lockdown, we are not banning people from going out. But we hope that with the cooperation from business venues and with the support from the public, foot traffic in our community can be reduced to a minimum.&rdquo;<\/em><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">Chief executive Ho Iat Seng had agreed with casino operators in 2020 that in the event of any new Covid-19 cases at casino, only that individual venue would have to suspend operations. However, the decision to allow casinos to remain open while all other entertainment venues had been closed was criticised by the New Macau Gaming Staff Rights Association.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">The number of Covid-19 cases in the latest outbreak had risen to 1,467 as of Saturday, with 93 new cases detected on Saturday.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\">&nbsp;<\/span><\/span><\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:20.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">Macau casino stock prices declined after the government announced the measure. Sands China&rsquo;s shares fell 9 per cent while Wynn Macau&rsquo;s 7.8 per cent, SJM Holdings by about 6.3 per cent and Galaxy Entertainment&rsquo;s 6.1 per cent.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">JP Morgan Securities (Asia Pacific) Ltd has warned that gross gambling revenue (GGR) for at least the majority of the third quarter may have to be written off.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\">Analysts said: <em>&ldquo;We would probably need to write off July and likely August as well from the GGR forecast models, and it is worth revisiting our liquidity analysis under a zero-revenue environment.&rdquo;<\/em><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p><span style=\"font-size:12pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:14.0pt\"><span style=\"background-color:white\"><span style=\"font-family:&quot;Arial&quot;,sans-serif\"><span style=\"color:#333333\">No Copyright infringement intended. Video\/Photo Unknown Direct for credits\/issue or text us +57 3606412 &#8230; | Respect to Photographers &amp; Influencers<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Casinos will remain closed from yesteray (July 11) until July 18. Construction and industrial sites have also been closed.<\/p>\n","protected":false},"author":1,"featured_media":5675,"menu_order":329,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4188],"class_list":["post-8299","asia","type-asia","status-publish","format-standard","has-post-thumbnail","tag-casinos-macau-shutdown-news-macau-casinos","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Casinos in Macau once again has temporarily shut down - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/casinos-in-macau-once-again-has-temporarily-shut-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Casinos in Macau once again has temporarily shut down - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Casinos will remain closed from yesteray (July 11) until July 18. 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