In COVID Closedown Macau Casinos Take Billion-dollar Hit Holding...

For the Sept. 11 event, the Trumps will offer commentary on all four of the evening's fights. But they're not the only soundtrack available. Viewers can pick between the Trumps narrating the fight, or regular commentators Jim Lampley and Shawn Porter.

Having invested billion in Macau over the last two decades, they are soaking up losses as they prepare to bid for new licenses by next month in a business that generated $36 billion in revenue in 2019, the last year before COVID curbs slammed the sector.


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Excluding money set aside for rebidding - $600 million - SJM has about one month left in cash reserves if casinos remain closed, according to DS Kim, analyst at JP Morgan in Hong Kong, who expects the company to tap its parent STDM for a HK$5 billion ($637 million) loan.

Aging boxer Evander Holyfield and former UFC champion Vitor Belfort are fighting today. If that wasn't strange enough, former President Donald Trump is on commentary duties. This could be the weirdest combat sport event of 2021, and in a year where YouTubers Logan Paul and Jake Paul have taken over boxing, that's saying something.

parent companies. They are also trying to showcase their role in society in Macau, where the industry accounts for more than 80% government tax income, by not firing tens of thousands of staff with no gamblers to deal cards to or otherwise serve.

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.

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But Sands China, Wynn Macau , MGM China, Galaxy Entertainment, SJM Holdings and Melco Resorts face zero revenue for the near future in locked-down, Chinese-ruled Macau - and their operators' contracts expire at the end of this year.

The event was supposed to take place at Staples Center in De La Hoya's hometown of Los Angeles, but it's been moved to The Hard Rock Hotel & Casino in Hollywood, Florida. According to a report from ESPN, the California State Athletic Commission refused to sanction Holyfield-Belfort.

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.

izens. In Cambodia, the State Department said that "endemic corruption" has impeded efforts to help thousands including children trafficked to entertainment establishments, brick kilns and online scam o

The closely watched casino licence rebidding process comes amid Macau's worst coronavirus outbreak, with the government shutting down casinos for the first time on Monday in more than two years and locking down the city.

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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.

"It's a geopolitical, national security issue, because the situation where Americans dominate 50% of Macau's primary industry is probably an unacceptable national security risk," said Ben Lee, founder of gaming consultancy IGamiX.