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Macau Asks Casinos to Suspend Operations to Curb Coronavirus Spread

  • Macau asks casino operators to temporarily suspend operations
  • Shutdown adds another headwind for struggling casino sector
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Morningstar’s Chelsey Tam discusses how the coronavirus outbreak is affecting the Macau gaming stocks.(Source: Bloomberg)
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Casinos in Macau, the Chinese territory that’s the world’s biggest gambling hub, will close for 15 days as China tries to contain the spread of the deadly coronavirus.

The decision to suspend casino operations from Feb. 5 is the latest blow to the gambling mecca, which is struggling to recover from the worst annual revenue decline since 2015. It would be the longest-ever halt and only the second such instance, after a typhoon in 2018 forced a 33-hour shutdown. So far, Macau has confirmed at least 10 cases of the virus that originated from Wuhan city in central China.