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Macau Casino Stocks Fall on Coronavirus Fears

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5 years ago

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Macau Casino Stocks Fall on Coronavirus Fears
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Macau casino stocks have fallen amid growing coronavirus fears in China. Wynn Resorts fell by 8.06%, Las Vegas Sands by 6.75%, Melco Resorts 5.27% and MGM Resorts 3.86%. The number of visitors from mainland China tumbled 66.3% to 91,549.

There have been six confirmed cases of the virus in Macau, leading to the government implementing controls to mitigate the outbreak, including suspending the self-service immigration clearance service system and banning visitors from the Hubei province, where the virus has caused at least 81 deaths.

Hong Kong infectious disease experts are urging the government to take excessive measures against the outbreak, estimating that 44,000 people could be infected in mainland China compared to the official figure of over 2800.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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