Macau Shuts Casinos And Other Businesses To Contain COVID Outbreak

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

"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."

But as cryptocurrencies gain in popularity, grabbing an increasing share of the global financial pie, governments have taken notice, and now many of them are exploring how to get a piece of the action. One possibility is what's known as a CBDC, or a central bank digital currency.

That's what the digital dollar would promise. CBDCs could bypass the traditional banking system by allowing money to flow directly between parties, just like exchanging cash or transferring funds electronically. 

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.

HONG KONG, July 9 (Reuters) - Macau will shut almost all commercial and industrial businesses including its casinos for one week from Monday, as authorities race to curb a surge of COVID-19 infections in the world's biggest gambling hub.

'Back then Victoria started with 10,000 machines, today there are almost 30,000 poker machines and despite mandatory closing laws operators have found loopholes to provide gambling access 24 hours a day - and in some of Victoria's most vulnerable communities.'

Alliance for Gambling Reform coordinator Anna Bardsley has led calls for a reduction in venue trading hours, spin rates and maximum bets after a shocking new report revealed Victorians alone had lost an estimated $66 billion to pokies in the last 30 years.

This week marks 30 years since Victoria introduced the first pokie machines at a pub in Melbourne's eastern outskirts, which then premier Joan Kirner described would result in 'better social, recreational facilities and a better night out.'

stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial inflation data and the unofficial beginning to second-quarter earnings season.

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

ystem. If you are you looking for more in regards to speaking of look into our own web-site. 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

Market leading growth stocks pulled all three major U.S.
stock indexes into negative territory, with risk-off sentiment exacerbated by Macau's first casino shutdown in over two years to curb the spread of COVID-19.

China, which outlawed cryptocurrency last year, is leading the "in-development" pack with the digital yuan, having trialed over $5 billion worth of transactions since June 2021. China has conducted various real-world pilot runs to test the "reliability of economic theories, the stability of systems and the controllability of risks," according to a recent report by the People's Bank of China. These pilot runs included giving digital yuan to a random pool of applicants to be spent at designated offline locations or on the site of China's largest online retailer, JD.com. 

Sonic 3 & Knuckles -- presented for the first time in widescreen in this collection -- is kinda two games in one, since it fuses Sonic 3 and Sonic & Knuckles. They were originally intended to be one game, but Sega opted to release them separately in 1994 due to time constraints and cartridge size limitations (and presumably the opportunity to make a boatload more money).

The first game feels relatively simple compared with its more sophisticated sequels but remains an essential piece of gaming canon everyone should play at least once. This is also the console version where you can play as Tails and Knuckles (who were added in a 2013 remaster on iOS and Android), which lets you explore the levels in whole new ways with their flying, gliding and climbing abilities.

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.

One possible sticking point could be if people are using their Fed accounts to purchase illicit goods, such as cannabis. While states across the country have legalized cannabis for medical and recreational use, it's still illegal on a federal level. If someone purchased the substance from a dispensary using digital dollars, the government could theoretically decide to impose criminal sanctions for the transaction.