🤑 Pandemic-hit Macau casinos look to play the long game with cash pile - Reuters

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Inside Asian Gaming conducts spot checks at several Macau casinos and the results don't paint a bright picture.


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An industry consultant has suggested to GGRAsia that the reasoning for keeping Macau's casinos open amid the ongoing Covid crisis is.


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On 18 May , the Sands Macau casino opened near the Macau Ferry Terminal. Today, there are 16 casinos operated by the STDM.


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The re-opening of Macau's casinos on 20 February saw operators granted a ​day grace period to resume operations, while the limit on gaming.


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Unlike the U.S., Australia and parts of Europe, Macau's casinos are open, and how the casinos fare could offer clues on how quickly gamblers.


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An industry consultant has suggested to GGRAsia that the reasoning for keeping Macau's casinos open amid the ongoing Covid crisis is.


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Macau casino operator Sands China Ltd is proposing to issue an aggregate of US$billion in senior unsecured notes to boost its liquidity, the firm said in a.


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Gaming operators from Las Vegas to Macau are reeling, and at the Commission (NGC) approved rules for re-opening the state's casinos.


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Inside Asian Gaming conducts spot checks at several Macau casinos and the results don't paint a bright picture.


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Casinos in Macau, the world's biggest gambling hub, are open but their revenues have plunged because of travel restrictions due to the virus.


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Branded Content.{/INSERTKEYS}{/PARAGRAPH} Until we resolve the issues, subscribers need not log in to access ST Digital articles. Following that incident, the city's gaming regulator sent notices to all casinos warning them to maintain employment of their local staff, it said in an e-mail to Reuters. They don't separate the security, the visiting medical staff and us, what's the point of being quarantined? The former Portuguese colony, now a special administrative region of China, gets more than 80 per cent of tax revenues from the gaming industry, which employs about three-quarters of the territory's , population, either directly or indirectly. Macau's government last week said it was "ready for the worst" and pledged to support small businesses and workers financially. Read the latest on the Covid situation in Singapore and beyond on our dedicated site here. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. The global business of gambling - which thrives on air travel and large groups of people in close proximity - is one of the hardest hit as the world goes into lockdown. It is effectively leaving casino operators - which have reaped huge profits over the past two decades of rapid growth - to deal with the dip in business themselves. Get The Straits Times app and receive breaking news alerts and more. Skip to main content. A version of this article appeared in the print edition of The Straits Times on April 03, , with the headline 'Almost all bets are off: Casino capitals Macau, Las Vegas hit by Covid'. Casinos in Macau, the world's biggest gambling hub, are open but their revenues have plunged because of travel restrictions due to the virus. In Las Vegas, the casinos have been forced to close in order to prevent the spread of the disease. Print Edition Subscribe. Macau's gaming revenue fell 80 per cent in March from the year before, according to government figures. But a log-in is still required for our PDFs. {PARAGRAPH}{INSERTKEYS}The world's biggest gambling hub has barred entry to most travellers and hotels are being used to isolate new arrivals in case they have been infected by coronavirus. Macau's government has also forced operators to safeguard the livelihoods of gaming workers, ordering one company last month to rehire over staff it had laid off due to the drop in business caused by the coronavirus. In South Korea, shuttered casinos have put thousands of employees on temporary leave, while Australia's Star Entertainment Group said it was laying off 90 per cent of its 9, or so employees. It fell 88 per cent in February when the authorities suspended casino operation for two weeks.