The lockdown has been a success, or so says Dr. Leong Iek Hou, the chief medical expert at Macau’s Novel Coronavirus Response and Coordination Center.<\/p>\n
\nWe have recorded a downward trend in the number of community cases detected,”<\/strong> Leong explained this week. She went on to say that Macau is now in a new “zero COVID”<\/strong> period where the region has “the means to control and detect positive cases quickly” and “maintain a stable outbreak.”<\/strong><\/p>\n<\/blockquote>\nLeong essentially detailed that Macau is redefining its “zero COVID” policy to allow non-essential businesses to operate regardless of small outbreaks.<\/p>\n
COVID Easing Fuels Shares<\/b><\/h2>\n
Macau’s top health official saying nonessential businesses will likely reopen in spite of ongoing COVID-19 cases provided some enthusiasm to weary investors. Shares of the four US-traded Macau casino giants each made considerable gains during Tuesday trading.<\/p>\n
Las Vegas Sands was up 2.5%, MGM Resorts was up 3.25%, Wynn Resorts gained more than 5%, and Melco Resorts was the day’s big winner, climbing over 7.5%.<\/p>\n
Gaming in Macau remains greatly suppressed<\/a> in 2022 from pre-pandemic levels. Through the first half of the year, casinos have won $3.25 billion. Through six months in 2019, gross gaming revenue totaled more than $18.5 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"Macau casinos remain shuttered on the local government’s orders through at least this Saturday, July 23. When they might be permitted to reopen is unclear. Macau, a Special Administrative Region (SAR) of the People’s Republic of China, remains on lockdown because of a COVID-19 outbreak that began in mid-June. But government officials say new cases […]<\/p>\n","protected":false},"author":25,"featured_media":222061,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,81881],"tags":[],"acf":[],"yoast_head":"\n
Macau Readies to Enter COVID-19 'Consolidation Phase'<\/title>\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