Macau Casinos to Reopen After $186 Million Loss From Storm Halt

First-ever suspension started Saturday as storm approached
Gaming revenue forecasts cut for world’s biggest casino center

Grant Govertsen, analyst at Union Gaming Securities, discusses how typhoon Mangkhut impacted Macau and the casinos. (Source: Bloomberg)

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By Daniela Wei and Stephen Tan

September 16, 2018 at 1:05 AM UTC

Updated on

September 17, 2018 at 2:14 AM UTC

This article is for subscribers only.

Macau casino stocks retreated after Typhoon Mangkhut forced a 33-hour shutdown of the world’s biggest gambling hub, a halt that’s estimated to cost operators including Sands China Ltd. and Wynn Macau Ltd. as much as $186 million in revenue.

Nearly all casinos in the enclave, a one-hour ferry ride from Hong Kong, reopened at 8 a.m. local time Monday, after a government order shuttered their doors at 11 p.m. Saturday night as the storm approached. The Bloomberg Intelligence index for Macau casinos fell as much as 2.1 percent in early Monday trading in Hong Kong, with Galaxy Entertainment Group Ltd. and SJM Holdings Ltd. leading losses.