Macau Shuts Popular Shopping Mall In Race To Contain COVID Outbreak

HONG KONG, July 6 (Reuters) - Macau has locked down one of the city's most famous hotels, the Grand Lisboa, after more than a dozen COVID-19 cases were found there on Tuesday, with infections spreading rapidly in the world's biggest gambling hub.

"We´re hoping for a slowdown, which would put the Federal Reserve in a softer stance, but on the other hand, there are lots of reasons to believe inflation could stay high and the Fed will remain aggressive."

Later in the week a raft of economic data - including consumer prices, retail sales and factory output - should provide a glimpse of the extent to which inflation has peaked and the economy has cooled down as the Federal Reserve moves closer to next week's policy meeting, which is expected to culminate in the second straight 75 basis point interest rate hike.

While the government has stopped short of imposing a full scale lockdown in the former Portuguese colony, seen in Chinese cities such as Shanghai, most facilities are shut and restaurants can only provide takeaway.

HONG KONG, July 5 (Reuters) - Macau reported 89 new coronavirus cases on Tuesday, taking the total to more than 900 infections since mid-June, as authorities in the world's biggest gambling hub race to contain its largest outbreak since the pandemic began.

The market currently expects that the central bank will raise the Fed funds futures rate by 75 basis points in its latest salvo against red-hot inflation, a tactic which some fear could tip an already cooling economy into recession.
Market leading growth stocks pulled all three major U.S.
stock indexes into negative territory, with risk-off sentiment exacerbated by Macao's first casino shutdown in over two years to curb the spread of COVID-19.

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)

'We started at 5:30 Wednesday morning, exhausted some leads here in the city of Philadelphia. We had some other things we needed to run down in South Jersey and, lo and behold, we found a spot for him at Harrah's Casino.  

The territory had largely been COVID-free since an outbreak in October 2021. A shopping mall inside the Four Seasons hotel owned by Las Vegas Sands Macau unit Sands China was also requested to shut this week after several cases were found.

'Once he realized we were there and weren't going away, we were able to get him into custody safely without anybody getting hurt,' said Robert Clark, supervisor of the U.S. Marshals Fugitive Task Force. 'We do believe that he knew he was wanted,' he added

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'Our community is deeply diminished by the utterly appalling and senseless loss of Jailene, who held such great promise for a tremendous future. Our hope is that the quick capture of this heinous perpetrator will bring some comfort to the Holton family,' officials said.

The measures come as the government has stopped short of imposing a full lockdown, seen in Chinese cities such as Shanghai.
However the city is effectively closed with most facilities shut and restaurants only providing takeaway.

Jailene Holton, 21, of Philadelphia, was shot while standing in the back of the Philly Bar and Grill on June 28. She was out for a night on the town with her friends. Her family said she rarely went out and that she was the group's designated driver 

Only Macau's casinos have been allowed to stay open in a move to protect jobs, the government said. Macau gets more than 80% of its tax revenues from the industry with most of the population employed directly or indirectly by the casino resorts.

HONG KONG, July 7 (Reuters) - Macau shut down a popular shopping mall adjacent to MGM China's casino resort on the city's main peninsula after several COVID-19 infections were found, as authorities raced to the biggest outbreak yet in the world's biggest gambling hub.

'A lot of our investigators on the task force have children. This was an unnecessary random act of violence. It's a horrific act and we're just very grateful we were able to get out there and get him into custody in under 12 hours,' said Clark. 

'When are people going to get fed up with this reckless shooting in the city?' Holton's uncle, James, asked. 'Nobody does nothing. They get a mouthpiece for 20 seconds on TV and that's it and everybody's running around like the Wild West out here. I mean cowards!'

Only Macau's casinos have been allowed to stay open in a move to ensure job security. The government relies on the industry for more than 80% of its tax revenue with most of the population employed directly or indirectly by the casino resorts.

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