Connect with us

Coronavirus (Covid-19)

Macau casino group losing $2.5 million a day over virus closure

Jack Burton

Published

 on 

PHOTO: Macau's normally bustling streets and casinos are empty - Macau Daily Times

Wynn Resorts Ltd. is losing about $2.5 million a day in Macau after the Chinese government ordered casinos there closed to deter the spread of the 2019nCoV coronavirus.
The company employs about 12,200 people in the region. Although the casinos were ordered closed for 15 days period that beginning February 5, Wynn CEO Matt Maddox said last week that it was too early to predict when they would reopen.

“The team on the ground is working with the government on a daily basis and watching very carefully if there will be any continued outbreaks of the virus. So far, we feel like things are fairly well contained. And we’re just watching it very carefully.”

Maddox said his primary focus is the safety of employees and customers. The company halted operations at its casinos in Macau, but still has limited service in its hotels and restaurants for remaining guests.

Macau has become the breadbasket of the U.S. casino industry and the world’s largest gambling hub. Wynn gets as much as three fourths of its revenue from the Chinese enclave, while Las Vegas Sands Corp., the industry leader, generates more than 60%.

SOURCE: Macau Daily Times

 

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Jack Burton is an American writer, broadcaster, linguist and journalist who has lived in Asia since 1987. A native of the state of Georgia, he attended the The University of Georgia's Henry Grady School of Journalism, which hands out journalism's prestigious Peabody Awards. His works have appeared in The China Post, The South China Morning Post, The International Herald Tribune and many magazines throughout Asia and the world. He is fluent in Mandarin and has appeared on television and radio for decades in Taiwan, Mainland China, Hong Kong and Macau.

Follow Thaiger by email:

Thailand13 hours ago

Thailand News Today | Thai PM sued, 4 phase Reopening plan | September 28

Thailand13 hours ago

List of disease restrictions by colour-coded zoning

Coronavirus (Covid-19)14 hours ago

Tuesday Covid Update: 9,489 new cases; provincial totals

Sponsored18 hours ago

St. Andrews International School, joins global event for children’s wellbeing

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Thailand15 hours ago

Alleged drug dealer busted in Chon Buri, police seize drugs and gun

Crime16 hours ago

Nearly 200 police have been found guilty of misconduct this year

Thailand16 hours ago

Legalising prostitution, Beautiful Temples, Thai Taxi’s | Thaiger Bites | Ep. 27

image
Join the conversation on the Thaiger Talk forums today!
Thailand16 hours ago

Army ranger suspected of killing his wife and mother-in-law surrenders to authorities in Songkhla

Thailand17 hours ago

6 dead and 30 provinces affected by topical storm ‘Dianmu’

Thailand18 hours ago

Kanchanaburi experiences earthquake so minor hardly anyone notices it

Thailand19 hours ago

Thailand Top Stories | Emergency decree extended, Quarantine waved | September 28

Thailand19 hours ago

Thailand’s reopening divided into 4 phases

Thailand20 hours ago

Thailand Restrictions waived Nov 1, Pornography law amendments | Good Morning Thailand | Ep. 97

Coronavirus World20 hours ago

Restrictions tightened in Singapore amid surge in Covid-19 infections

Thailand20 hours ago

Pattaya mayor confirms Pattaya reopening postponed to November

Coronavirus (Covid-19)20 hours ago

Thai PM hit with 50-million-baht lawsuit from angry restaurant operators

Thailand2 weeks ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand7 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism7 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket7 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism7 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand7 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism7 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand8 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand8 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand8 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand9 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand9 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand9 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand9 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand9 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending