The government of Macau has ordered to close shutters on all of its casinos and other commercial establishments in an effort to curb the resurgence of coronavirus outbreak.
The world’s biggest gambling hub has ordered to close more than thirty casinos.
All industrial and commercial ventures will remain closed for one week from the midnight of July 11 to the midnight of July 18.
Macau has recorded around 1,500 COVID-19 infections since mid-June, Reuters reported.
The casino industry accounts for more than 80% of the government revenues.
Shares of Wynn Resorts Limited (NASDAQ: WYNN) are down 5.83% at $53.17 in premarket trade on Monday, Las Vegas Sands Corp (NYSE: LVS) dropped 5.41% at $32.52, Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) lost 5.54% at $5.29, and MGM Resorts International slipped 3.48% at $28.32.
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