Macau Casino Stocks Drop on First Covid Outbreak in Months
- Schools, non-essential businesses shut; casinos stay open
- Virus curbs may hurt tourism as players risk getting stuck
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Macau casino stocks fell on Monday after the city reported more than two dozen Covid-19 infections over the weekend, its first outbreak in eight months, prompting more border restrictions from mainland China that would further hit tourism in the world’s largest gaming hub.
A Bloomberg Intelligence index of Macau’s six major casino operators fell 1.9%. Sands China Ltd. plunged as much as 8.3%, before paring losses to 2.2%, while Wynn Macau Ltd. dropped 3.4%.