Due to the recent growing numbers of COVID-19 infections in Macau, the Macau government announced on July 10, that all operations of businesses and places with industrial and commercial activities will be suspended from midnight July 11 until July 18. Only essential businesses and places such as supermarkets and pharmacies would be allowed to remain open. The casino shares in Macao slumped after the official announcement.
On Monday, July 11, the share prices of Macau Casino stocks on the Hong Kong Exchange suffered losses. Sands China Ltd, the subsidiary of Las Vegas Sands Corporation, dropped 8.1 percent; while Wynn Macau Ltd and SJM fell 6.7 and 6.6 percent respectively; MGM China was down 5.4 percent.
