Macau Shuts Down Casinos In Race To Curb COVID Spread

ystem. Share prices of six gaming conglomerates -- Sands China, Galaxy Entertainment, SJM Holdings, Melco International, MGM China and Wynn Macau -- dropped by between six and nearly nine percent in Monday morn

HONG KONG, July 11 (Reuters) - Macau shut all its casinos for the first time in more than two years on Monday as authorities struggle to contain the worst coronavirus outbreak yet in the world's biggest gambling hub.

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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.

In an announcement last year on Sun's expulsion from the party, he was accused of having displayed "extremely inflated political ambition and very poor political integrity," issuing groundless criticisms of the Party´s policies and spreading political rumors.

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Justice Department against Las Vegas casino mogul Steve Wynn last month to compel Wynn to register as a foreign agent because of lobbying work it says he performed at the behest of the Chinese government.

year. Authorities announced a week of lockdowns starting Monday after recording more than 1,500 infections in the past three weeks despite multiple rounds of compulsory mass testing of the city's 650,0

The government has been hesitant to close casinos due to its mandate to protect jobs.
The industry employs most of the population directly and indirectly and accounts for more than 80% of government revenues.

President and head of the ruling Communist Party Xi Jinping has waged a decade-long campaign against corruption that has ensnared numerous serving and retired high-ranking officials in what some see as politically motivated prosecutions.

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unes Macau casino shares plunged on Monday as the Chinese city embarked on a week-long lockdown to curb its worst coronavirus outbreak while neighbouring Hong Kong said it was mulling a mainland-style health co

Sun, who is also accused of abandoning his post amid the COVID-19 outbreak, has pleaded guilty, state broadcaster CCTV said in a report on the trial, which is being held at the Intermediate Court in the northeastern city of Changchun.

The city's more than 30 casinos, along with other non-essential businesses will shut for one week and people were ordered to stay at home.
Police will monitor flows of people outside and stringent punishments will be imposed for those who disobey, the government said.

Comedian James Adomian heaped praise on his colleague: 'Whenever I was on a lineup with Jak Knight, I knew it was going to be a wildly funny night,' he began, adding, 'Always loved watching him over the last decade. He was winning big, all of it well deserved, so witty and memorable every moment onstage and off. A painful loss to comedy.'

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.

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.

The lawsuit says the lobbying effort was done on behalf of senior Chinese government officials, including Sun, who sought Wynn´s help in trying to get a Chinese national´s visa application denied, according to the complaint.

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"Even if the outbreak in Macau gets under control, it will likely be another few weeks before Macau-Zhuhai can remove quarantine requirements," said Terry Ng, analyst at Daiwa Capital Markets in Hong Kong.