Macau Casinos in Crisis Following COVID-19 Shutdown

Macau Casinos in Crisis Following COVID-19 Shutdown

Macau is in economic crisis. Only 50% of casino staff allowed to work. Social distance between staff and customers is very strict. Morgan Stanley analysts predict revenue will not surpass $7 billion in 2022.

Macau casinos reopened on July 23 after a two-week shutdown. Restrictions are still in place, including quarantine-free travel and strict disinfection measures. The six licensed operators are spending millions of dollars every day. Macau depends on casino tourism and faces an economic catastrophe if matters don't improve soon. Morgan Stanley analysts predict revenue will not surpass $7 billion in 2022.

Macau Casinos in Crisis Following COVID-19 Shutdown. Only 50% of casino personnel permitted to work.

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