Numerous other prefectures and cities across the mainland reimplemented quarantine requirements on people returning from Macau. Beijing, for instance, is mandating all people arriving from Macau to undergo 14 days of medical observation upon return.<\/p>\n
Macau is additionally closed off to all outsiders, other than those arriving from mainland China, Hong Kong, and Taiwan. Exceptions are available for emergency-related entry.<\/p>\n
Fewer people naturally resulted in reduced gambling income for Macau’s six licensed casino operators. According to JP Morgan analysts, gross gaming revenue (GGR) is estimated to be “about 10 percent” of 2019 Golden Week levels.<\/p>\n
The JP analysts believe Macau casinos won an estimated MOP1.25 billion (US$156 million) from gamblers during the holiday week, plus the three days through October 10. That number expressed by the JP Morgan experts was shared by analysts at Sanford C. Bernstein.<\/p>\n
\nOur channel checks indicate that Macau’s month-to-date GGR (October 1 to 10) was MOP1.25 billion,” explained the Sanford coverage.<\/p>\n<\/blockquote>\n
Despite the slow holiday, Macau’s casino operators publicly traded in the US are all making gains during early trading to begin the week. As of 11:15 am ET, Las Vegas Sands shares were up nearly four percent, MGM Resorts one percent, Wynn Resorts more than three percent, and Melco Resorts four percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau Golden Week wasn’t golden at all, as the region welcomed in less than 8,200 visitors during the annual October celebration last week. A handful of new COVID-19 cases recently detected in the Chinese Special Administrative Region (SAR) resulted in people staying away from Macau during the October 1-8 holiday. Golden Week commemorates the establishing […]<\/p>\n","protected":false},"author":25,"featured_media":188636,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,81881],"tags":[],"acf":[],"yoast_head":"\n
COVID-19 Kills Macau Golden Goose, Holiday Week Nearly Nonexistent<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n