Seen on:
as known from New York Timesas known from USA Todayas known from yahoo!
VA
The Grueling Truth - Where Legends Speak / Casino News / Macau shuts down all casinos for a week upon COVID-19 zero-tolerance policy

Macau shuts down all casinos for a week upon COVID-19 zero-tolerance policy

Publish Date: 07/10/2022
Fact checked by: Mike Goodpaster

On Saturday, the Macau SAR government ordered a week-long shutdown for all commercial and industrial businesses, including casinos, due to the COVID-19 zero-tolerance policy. During the shutdown, only essential services are allowed to operate.

The reason behind this decision is the discovery of 71 new COVID-19 cases, which brings the total number of positive cases to 1,364 since the latest outbreak on June 18. According to Andrew Cheong Weng Chun, Secretary for Administration and Justice, the shutdown will start at midnight on July 11 and will last for a week.

The casino shutdown is the first in Macau since the 15-day closure back in February 2020. As China’s only legal casino market, the shutdown surely has some effects on the casino industry.

Macau’s casino sector encountered the worst gross gaming revenue (GGR) tally since September 2020, when the GGR fell 62.1 percent year-over-year in June to $813 million. In comparison to May 2022, the GGR fell by 25.9 percent. Moreover, the S&P Global Ratings reported that Macau’s GGR this year is only 20 to 30 percent compared to 2019.

From January to June 2022, Macau’s gaming revenue was $3.26 million, a 46.4 percent drop compared to the first six months of 2021.

For some time now, there has been some optimism that the casino industry can step away from the zero-tolerance policy and implement more flexible quarantine regulations in order to reintroduce international tourism to the industry for the first time since early 2020.

However, in the meantime, the casino industry will need to abide by the policy until July 18. Las Vegas Sands, MGM Resorts International, and Wynn Resorts are among the casinos with several gaming licenses in Macau.

Regarding this closure, the spokesman for Wynn Resort said that they “will follow the government’s direction in their efforts to contain COVID-19 in Macau.”

On the other hand, Las Vegas Sands, the largest Las Vegas-based casino operator in Macau, will address the situation in Macau when the company reports second-quarter earnings in a couple of weeks, according to their spokesman.

Read Also
1986 NLCS Deep Dive: Mets vs. Astros — Chaos in the Dome and Glory at Shea
Matchup: New York Mets (108–54) vs. Houston Astros (96–66) Series result: Mets ...
🏀 Top 10 NCAA Men’s Basketball Championship Games of All Time
Context: Houston’s “Phi Slama Jama” (Hakeem Olajuwon, Clyde Drexler) was heavily favored. ...
Bet365 Promo
Top 10 Texas Tech Men’s Basketball Players of All Time
Here’s a countdown of the Top 10 Texas Tech Men's Basketball Players ...
Top 10 Arkansas Razorbacks Men’s Basketball Players of All Time!
Arkansas has a rich basketball history, producing some of the best players ...
Esteban de Jesus, Roberto Duran y AIDS (1972-89)
Many of us dream of celebrity sports fame, but only cruel individuals ...
Indiana Basketball Weekly
Welcome to Indiana Basketball Weekly, your dedicated podcast for all things Indiana ...
Casino giants in Macau win license renewals, Malaysia’s Genting loses bid
Six casino operators authorized to conduct business (Macau six) in the Chinese ...
Macau schedules bidding process for casino licenses from July 29 to September 14
The Macau Committee for Public Tendering of Concessions for Operation Casino Games ...
Ranking the top 200 players in the NFL ahead of the 2021 season
This list isn’t based solely on performances from the 2020 NFL season. ...
Top 100 NFL free agents entering the 2021 offseason
Below is a list of the top 100 free agents available this ...
Top Brands
Top Bonuses
Real Prize
Real Prize
Real Prize Review
4.8/5
Stake.us
Stake.us
Stake.us Review
4.6/5
McLuck
4.5/5
MegaBonanza
MegaBonanza
MegaBonanza Review
4.4/5
Jackpota
Jackpota
Jackpota Review
4.3/5
High5Casino
High5Casino
High5Casino Review
4.2/5
Wow Vegas
Wow Vegas
Wow Vegas Review
4.2/5
CrownCoinsCasino
CrownCoinsCasino
CrownCoinsCasino Review
4.2/5
Spree
4.1/5
The Money Factory
The Money Factory
The Money Factory Review
4.1/5
Real Prize
Real Prize Promo
625K Golden Coins + Up to 125 SC FREE + 1250 VIP Points
T&Cs apply
4.8/5
Stake.us
Stake.us Promo
56 Stake Cash + 560K Gold Coins + 5% Rakeback
T&Cs apply
4.6/5
McLuck
McLuck Promo
27.5 SC FREE and 57.5K Gold Coins
T&Cs apply
4.5/5
MegaBonanza
MegaBonanza Promo
150% Purchase Offer: 25 SC FREE and 50K GC
T&Cs apply
4.4/5
Jackpota
Jackpota Promo
27.5 SC FREE and 57.5K Gold Coins
T&Cs apply
4.3/5
High5Casino
High5Casino Promo
245% Extra up to 60 SC FREE + 700 Gold Coins and 400 Diamonds!
T&Cs apply
4.2/5
Wow Vegas
Wow Vegas Promo
35 SC FREE and 1.75M WOW Coins
T&Cs apply
4.2/5
CrownCoinsCasino
CrownCoinsCasino Promo
Get 200% More Coins on First Purchase - 1.5M CC + 75 SC
T&Cs apply
4.2/5
Spree
Spree Promo
200% Extra Coins: 30 SC FREE + 30K Gold Coins
T&Cs apply
4.1/5
The Money Factory
The Money Factory Promo
300% Extra: 32 SC FREE + 32K Gold Coins
T&Cs apply
4.1/5
Our Team
Mike GoodpasterJosh SchwartzSimon BriffaMark LewisSamuel Teets
+8
Mike Goodpaster
Mike Goodpaster
Chief Editor
Josh Schwartz
Josh Schwartz
Editor
Simon Briffa
Simon Briffa
Sports Editor
Mark Lewis
Mark Lewis
Editor
Samuel Teets
Samuel Teets
US Sports Veteran
Author Icon
drjaygee
Editor
Find out what the legends have to say about sports this week....
Find out what the legends have to say about sports this week....

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
Virginia Town HallCloudflareSSL
Close
Our Sports Pros recommend these awesome sports betting sites this week:
DraftKings
DraftKings Promo
Bet $5 and Get $150 in Bonus Bets Instantly!
T&Cs and 21+ apply
Code:
Open DraftKings
Get Bonus
FanDuel
FanDuel Promo
Bet $5 Get $250 in Bonus Bets IF YOU WIN
T&Cs and 21+ apply
Code:
Open FanDuel
Get Bonus
BetMGM
BetMGM Promo
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs and 21+ apply
Code:
Open BetMGM
Get Bonus
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Play now