Macau To Extend City Lockdown Casino Closure Until Friday

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Its BetMGM joint venture has also forged tie-ups with Carnival Corporation to offer cruise ship gaming, and with Sony Pictures Television and slot machine producer IGT to launch a digital casino based on the television programme Wheel of Fortune.


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casino operators Las Vegas Sands, Wynn Resorts and Melco Resorts plunged after Macau shuttered all casinos to contain its worst COVID outbreak since the health crisis began. (Reporting by Stephen Culp; additional reporting by Amruta Khandekar and Shreyashi Sanyal in Bengaluru Editing by Marguerita Choy)

Filipino associates of Japanese tycoon Kazuo Okada seized the $3.3 billion casino, which is owned by Tiger Resort, Leisure & Entertainment, ousting its previous management with the help of private security guards and local police.

More than 20,000 people are in mandatory quarantine as the government adheres to China's zero-COVID policy, which aims to stamp out all outbreaks, running counter to a global trend of trying to coexist with the virus.

"With the economy and borders opening up, Okada Manila is expected to sustain the momentum," management said in the statement as it held its first news conference since it took physical control of the casino on May 31.

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stocks started July on an upbeat note, however, market participants fear that upcoming quarterly results could trigger another selloff, with earnings potentially falling short of estimates.

July 11 (Reuters) - U.S. stock index futures fell on Monday, bracing for the start of the earnings season which could see profits come under pressure at a time of growing fears of an economic downturn due to aggressive interest rate hikes.

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The report, which signaled a still strong labor market helped alleviate some fears about an immediate recession, but added to worries about more aggressive monetary policy tightening by the Fed to stamp out soaring inflation.

Universal has agreed to merge Okada Manila with 26 Capital Acquisition Corp, a Nasdaq-listed blank check firm, for $2.5 billion and has extended its deadline for the merger to Sept. 30 in the wake of the takeover of the property.

Tiger Resort, owned by Japan's Universal Entertainment Corp , said Okada Manila's growth was driven by a recovery plan developed by previous officials, and influenced by the pent-up demand for leisure activities.

With 993 suites and villas, 500 table games and 3,000 electronic gaming machines, it is the biggest of four multibillion-dollar casino-resorts operating in the capital of the Philippines, which has one of Asia's most freewheeling gaming industries. (Reporting by Neil Jerome Morales Editing by Edwina Gibbs and Mark Potter)

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casino operators Las Vegas Sands, Wynn Resorts and Melco Resorts fell between 4.6% and 5.7% after Macau shut all its casinos for the first time in more than two years in a bid to contain the spread of COVID-19. (Reporting by Amruta Khandekar in Bengaluru; Editing by Shounak Dasgupta)

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