Gambling operations and casinos in Macau China have been cleared to start operations today following a forced shutdown as a result of coronavirus, which has claimed thousands of lives globally. Casinos were closed for 15 days to curb the spread of the deadly virus.
Lei Wai Nong, the secretary for economy and finance in the Chinese territory of Macau, through a briefing on Monday, stated that casino operations will begin today, even though it will be on a conditional basis. This was revealed according to Macau’s public broadcast network.
The reopening of the casinos could lift China’s gambling sector, which is already reeling as a result of the shutdown.
According to a report by John Hopkins University, there have been 10 confirmed cases of coronavirus in Macau. At the time of writing, there are about 75,205 confirmed cases globally with 74,188 of them being reported in China. So far, a total of 2,014 deaths have been confirmed and about 15,084 patients have recovered successfully.
As a result of the spread of the deadly coronavirus in Macau, casinos fell as much as 0.9% in trading Tuesday in Hong Kong. Although the metrics have increased to 6% this month.
Casino resorts in Macau such as Wynn Resorts Ltd and Galaxy Entertainment Group have also stated that they will begin their operations today. Other casinos in the city haven’t professed when they will begin their operations.
Even though the reopening would provide a boost to business operations relating to gambling, businesses will remain steady but slow due to restrictions on visas and importation, and many players from China are unwilling to travel to anywhere at the moment, analysts led by DS Kim stated in a note on Monday.
The owner Sands China Wilfred Wong conveyed to Cable TV that he expects a few business dealings when casinos reopen again, and he believes that it will take 2 to 3 months before gambling businesses can return to normal.
It is essential to note that the reopening of casinos in Macau comes as good news for most gambling operators. Even the poker world has been affected negatively by this deadly virus because most tournaments have been put to halt. For instance, the World Poker Tour announced that it has canceled WPT Vietnam and has postponed WPT Taiwan. The tournament series in Vietnam was slated to hold on March 13-22, and the event in Taiwan was scheduled from March 27 to April 6.
Even though there 10 confirmed coronavirus cases in Macau, there hasn’t been any new case of the infection for 13 straight days, officials stated in the briefing.