Macau Casino Stocks Tumble as City Shuts Down to Tame Virus

Dollar bonds drop with shares at start of week-long shutdown
City ramps up measures to reduce transmission as cases surge

Grand Lisboa Hotel in Macau under lockdown after Covid-19 cases were found there, on July 6.Photographer: Guo Kai/VCG/Getty Images

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By Shirley Zhao

July 11, 2022 at 1:49 AM UTC

Updated on

July 11, 2022 at 9:45 AM UTC

This article is for subscribers only.

Macau casino shares slumped along with dollar bonds on Monday as the world’s largest gambling hub shut almost all business premises, including gaming venues, to try and contain its worst ever Covid-19 outbreak.

A Bloomberg gauge of the city’s six licensed casino operators fell 5.5%, and is down 20% this year. Sands China Ltd. tumbled 8.2%, while Wynn Macau Ltd. dropped 6.7%.