{"id":34746,"date":"2022-10-24T21:53:58","date_gmt":"2022-10-25T00:53:58","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=34746"},"modified":"2026-04-23T03:38:45","modified_gmt":"2026-04-23T06:38:45","slug":"macau-casino-stocks-plunge-amid-fears-of-new-covid-19-restrictions","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-stocks-plunge-amid-fears-of-new-covid-19-restrictions","title":{"rendered":"Macau casino stocks plunge amid fears of new Covid-19 restrictions"},"content":{"rendered":"\n<p>There&#8217;s been a sudden rise in Covid-19 cases in the city of Guangzhou, in neighbouring Guangdong province.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Stocks in Macau casino operators have been hit following a new outbreak of Covid-19 cases in the city of Guangzhou, in neighbouring Guangdong province. Authorities in Guangzhou have announced the preventive closure of schools and restaurants in a bid to control the increase in cases.<\/p>\n\n\n\n<p><strong>Melco Resorts&nbsp;<\/strong>shares fell 9.39 per cent premarket on Monday, while&nbsp;<strong>Wynn Resorts&nbsp;<\/strong>shares fell 6.36 per cent.<strong>&nbsp;Las Vegas Sands<\/strong>&nbsp;stocks fell 8.65 per cent in early trade.&nbsp;<\/p>\n\n\n\n<p>A week ago,&nbsp;<strong>Liang Wannian<\/strong>, a senior official of the National Health Commission\u2019s Covid-19 response team, suggested in an interview with the state broadcaster China Central Television (CCTV) that&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/no-end-in-sight-for-chinas-zero-covid-policy\" target=\"_blank\">China&#8217;s zero Covid-19 policy<\/a>&nbsp;could continue beyond the first quarter of next year.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/fitch-macaus-gaming-sector-wont-see-full-recovery-until-beyond-2024\" target=\"_blank\">Fitch Ratings<\/a>&nbsp;has predicted that Macau gross gaming revenue (GGR) will reach only&nbsp;<strong>70 per cent<\/strong>&nbsp;of 2019 levels in two years\u2019 time.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There&#8217;s been a sudden rise in Covid-19 cases in the city of Guangzhou, in neighbouring Guangdong province.<\/p>\n","protected":false},"author":176,"featured_media":18146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"A new COVID-19 outbreak in Guangzhou, coupled with the potential continuation of China's stringent zero-COVID policy, has significantly impacted Macau casino operator stocks. Major integrated resort operators experienced notable premarket and early trade declines, reflecting investor concerns over sustained Gross Gaming Revenue (GGR) suppression. Fitch Ratings projects Macau's GGR will only reach 70% of 2019 levels within two years, underscoring the prolonged recovery challenges for the gaming vertical.","focusai_entities":"Melco Resorts, Wynn Resorts, Las Vegas Sands, Liang Wannian, National Health Commission, China Central Television (CCTV), Fitch Ratings","focusai_location":"Macau, Guangzhou, Guangdong, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.75), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Operator Strategies?","query":"Given the prolonged zero-COVID policy and revised GGR forecasts, what specific capital expenditure adjustments or market diversification strategies are Macau operators considering to mitigate sustained revenue suppression?"},{"label":"Concession Tender Impact?","query":"How might the continued zero-COVID policy and its economic impact influence the Macau government's upcoming concession tender process, particularly regarding non-gaming investment requirements and operator commitments?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-34746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=34746"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34746\/revisions"}],"predecessor-version":[{"id":34775,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34746\/revisions\/34775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=34746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=34746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=34746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}