Macau Casinos to Close to Limit Spread of Virus
February 04 2020 - 1:31AM
Dow Jones News
By Joyu Wang
Casinos in Macau, the world's largest gambling market, will be
asked to close for half a month, as officials in the southern
Chinese territory race to contain the outbreak of the deadly
coronavirus.
Macau, home to casinos run by Sheldon Adelson's Las Vegas Sands
Corp. (LVS) and Wynn Resorts Ltd. (WYNN), has so far recorded 10
cases of people infected with the virus that has killed hundreds in
China. Shares at the Hong Kong-listed units of the casino giants
and other gambling operators have tumbled in the past week since
Macau Chief Executive Ho Iat Seng initially suggested a shutdown
might be necessary.
"As we are facing a drop in visitors, we hope that activities in
the business sector can be relatively reduced as well," Mr. Ho said
at a news conference Tuesday. He said he would meet casino
operators later Tuesday to discuss details.
Write to Joyu Wang at joyu.wang@wsj.com
(END) Dow Jones Newswires
February 04, 2020 01:16 ET (06:16 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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