Macau To Extend City Lockdown, Casino Closure Until Friday
In late January, the Chinese authorities started to take drastic measures to contain the outbreak. The shift coincided with Lunar New Year, the most lucrative time for Macau casinos, and the city has already noticed visits drop by 80 %, according to Fitch Ratings. The effect will be “devastating” in the brief term, stated Matthew Ossolinski, a gambling consultant and investor. He estimated that the two-week closure could shave 5 to 15 % off Macau’s gaming revenue this year. Fourth, Hong Kong and Macau will have to make use of the economic liberalization of Nansha and Hengqin respectively to develop...