las vegas casinos closed due to coronavirus

Macquarie Securities gaming analyst Chad Beynon said last week COVID will continue to be a factor in Macau’s gaming revenue declines until November, when a Chinese government event is planned and some of the health and safety restrictions might be lifted. In June, Macau's gaming revenue of $307 million was the lowest monthly figure since September 2020, when casinos reported $273.9 million.Īccording to figures released by the government’s Gaming Inspection and Coordination Bureau on July 1, Macau saw gaming revenue fall 62.1 percent compared to June 2021 and decline 25.9 percent compared to May 2022.įor the first six months of 2022, Macau's gaming revenue is $3.26 billion, down 46.4 percent from the first six months of 2021.

Travel restrictions to Macau from Mainland China and other health and safety policies have decimated Macau’s casino market. Some 500 people are in quarantine at the resort. As of Saturday, Macau had 1,374 positive cases of COVID-19 starting in June 18.Īccording to Seeking Alpha, the Grand Lisboa resort in Macau, which is operated by Hong Kong-based SJM Holdings, is on lockdown due to a cluster of positive COVID cases. Sands is the largest Las Vegas-based casino operator in Macau with five resorts.Ĭhina has been operating under a zero-tolerance COVID-19 policy and has ordered mandatory testing of all Macau residents and visitors and quarantines for anyone testing positive. Sands said it would remain closed until at least April 2 and would not be making employee cuts or changes to their healthcare benefits.A spokesman for Las Vegas Sands said the company would address the situation in Macau when it reports second-quarter earnings in a couple of weeks. The Wynn and MGM have also closed resorts in other states such as the Encore in Boston and MGM Grand Resort in Detroit. MGM Resorts, where two employees tested positive for the virus, also said they close their Las Vegas hotels, including MGM Grand, Mandalay Bay, and Park MGM on Tuesday. Wynn and Encore Resorts said that starting March 17, they would close their doors for at least two weeks. Sands, which owns the Venetian and the Palazzo, followed suit two days later. On March 15, major casino resorts Wynn and MGM announced that they would be temporarily closing their empires along the heavily trafficked Vegas Strip. This follows a week of shutdowns on the Vegas Strip.

The closures vary from property to property but should be finalized in the next few days. While the order doesn't necessarily include hotels, many Las Vegas casino companies are also closing their hotels. On Tuesday, March 17, Nevada governor Steve Sisolak ordered an immediate closure of all of the state's nonessential businesses, including casinos, for 30 days.

Las vegas casinos closed due to coronavirus