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2024.07.18
are casinos dangerous for covid(Image: CNBC)Macau officials announced that travelers arriving from Guangdong — the mainland province closest to the casino hub — will be required to present a negative COVID-19 nucleic acid test that’s seven days old or less.That’s down from the prior requirement of a test that’s 48 hours old. That’s after the special administrative region (SAR) said some travel controls prompted by a recent outbreak of the coronavirus on mainland China will ease. “We expect GGR improvement beginning in the fourth quarter. free slot machines treasures of egyptVisitors mull in front of Wynn Palace in Macau, above. But the opposite is proving true. 16-Aug. roulette casino cheats chumba casino winnerscliff castle casino hotel phone numberWhile that order took effect last week, its enforcement did not start until this week.Masks Also RequiredThe upcoming vaccine mandate isn’t the only step BC health officials have taken to staunch the spread of the virus. That’s after the special administrative region (SAR) said some travel controls prompted by a recent outbreak of the coronavirus on mainland China will ease. For the week of Aug. the bellagio casino in las vegasLast week, New York City Mayor Bill de Blasio issued a similar order for the city’s businesses. Last week, New York City Mayor Bill de Blasio issued a similar order for the city’s businesses. Last week, New York City Mayor Bill de Blasio issued a similar order for the city’s businesses. mohegan sun casino new york 1 slot casinogold coast casino room ratesFrom a gaming perspective, New York only has one casino – Resorts World New York City at Aqueduct Racetrack in Queens.Earlier this month, New Orleans Mayor LaToya Cantrell required people going to indoor venues – including Harrah’s New Orleans – to either produce a record of their vaccination or a recent negative test. But more significant travel impediment removals are not likely until next year.”Should that scenario play out, it’d be a boon for the likes of Sands and Wynn, which derive anywhere from two-thirds up to 80 percent of earnings before in13,” Chuck Keeling, Great Canadian Gaming’s executive vice president for stakeholder relations and responsible gaming, told Casino.org.The BC casinos closed in March 2020 at the onset of the COVID-19 pandemic and remained closed through the end of this June, a 16-month shutdown that affected thousands of workers.British Columbia isn’t the first jurisdiction to call for the vaccine mandate. Last week, New York City Mayor Bill de Blasio issued a similar order for the city’s businesses. Shares of Wynn, which controls Wynn Macau and Wynn Palace, were lower by 17.64 percent this year prior to today.Those moves come less than a week after Macau casino stocks slumped to five-year lows, as analysts fretted that a recent uptick in COVID-19 cases on mainland China would stymie August visitation to the SAR.However, declining case counts and a brighter outlook for travel rules are having palpable impacts on weekly gross gaming revenue (GGR) data, and that’s a positive for operators. In midday trading, LVS and Wynn are both up more than five percent, while Meencore casino gift shoplco Resorts & Entertainment (NASDAQ:MLCO) is higher by more than 10 percent.Finally, Relief for Macau Casino StocksNews of looser travel rules couldn’t arrive at a better time for Macau concessionaires, many of which are among the worst-performing major gaming equities.Entering today, shares of LVS were off 33.34 percent year-to-date, and the operator of five Macau integrated resorts was one of just a handful of S&P 500 members that hadn’t posted positive returns since the March 23, 2020 market bottom. casino golden palace on line draftkings casino payout |