Casino Revenue in Macau Dips Over January Over Regulatory Fears

Macau Red Arrow Downward Casino Background

Things continue to get more difficult for the casino operators in Macau. New reports have just surfaced showing that casino revenue in Macau dipped again over the month of January. It’s tough news for the US casino companies that are still struggling in this territory.

Analysts remain torn on how Macau will fare over 2022. Now is a great time to talk about some of the different possible scenarios.

Let’s get into it.

Reports Show Casino Revenue in Macau Dropped Again in January

Macau was once the most profitable gambling hub in the world. It drew in millions of tourists from around Asia every month. Many of the world’s biggest casino companies worked to break into this territory, as well.

The past couple of years have proven to be extremely difficult for the companies with casinos here. The pandemic has led to low tourism rates and intense regulations from Mainland China. The Chinese government has also led various crackdowns against gambling operators that they believe violate their laws.

New reports on casino revenue in Macau over the month of January have just surfaced. It’s been confirmed that the casinos in this city saw an overall revenue decline of 20.9%. About $785 million was brought in by these casinos over the month.

Many experts point toward the continued crackdown on junket operators as a reason for these revenue declines. These experts also expect another poor month in February. David Katz, a notable gambling analyst with knowledge of Macau’s casino industry, spoke about the projections to the media this week.

“We believe uncertainty remains regarding the concession outcomes, as well as demand recovery post-COVID and the secular decline in VIP play, which shape our conservative stance,” Katz said. 

US casino companies with properties in Macau have some tough decisions to make. Here’s a look at how the recent events have affected these companies.

US Casino Stock Prices Drop With Macau Developments

Gaming analysts around the US have been torn on the future of Macau as a casino hub. Some felt this city would have already begun to turn around by this time. That has not necessarily been the case and Mainland China continues cracking down on various companies here.

Not long ago, casino companies were finally given information on how to renew their gaming licenses in Macau. This immediately resulted in the share prices of these companies increasing. The good times did not last and recent government crackdowns have led to another drop in these share prices.

Government officials in Macau recently arrested Chan Weng Lin, the CEO of Macau Legend. This move sent shockwaves through the gambling industry in this territory. Lin was considered one of the most powerful individuals within the casino industry in Macau. His arrest comes as a part of the aforementioned junket crackdowns.

US casino companies may soon decide whether or not to sell their casinos in Macau. Wynn Resorts currently owns three properties in this territory. Not long, officials within Wynn Resorts revealed the company is opening a new casino in the UAE in the future.

Casino revenue in Macau may continue to decrease throughout the year. If this is the case, the casinos here may ultimately be forced to shut down. Stay tuned for updates as the year goes on!

US Casino Revenue is Expected to Surge This Year

The United States’ casino industry is in a far different position than the one in Macau. In fact, casinos around the US have thrived over the past year. Many of the country’s top gambling hubs reported record-breaking revenue figures throughout the year.

Most analysts expect an even better year for the US casino industry in 2022. Exciting new casinos are opening around the country. Tourism into casino hubs is already increasing and will likely ramp up leading into the summer.

Las Vegas remains the most profitable gambling destination in the US. Station Casinos is currently working to open several new casinos here. Various companies are also breaking into this city, including Hard Rock International, which is taking control over The Mirage.

Atlantic City thrived in 2021 and will likely find more success in 2022. Many of the casinos here are undergoing major renovations right now. Competition in the East Coast gambling industry is increasing, yet New Jersey remains the most successful casino destination in this region.

Casino revenue in Macau dropped again last month. Do you expect things to improve in Macau later this year? Let us know in the comments section below!

International Tourism Rates in Las Vegas Remain Low Over Golden Week

Traveling Luggage With an Airplane and Coronavirus Background

China’s “Golden Week” officially began on October 1st. Traditionally, this week-long holiday brings a huge number of Chinese visitors to Las Vegas. Unfortunately, international tourism rates in Las Vegas didn’t increase by much this past weekend. Today, we’re going to look at why exactly that is.

Most analysts predicted that casinos wouldn’t see much of a change. Fortunately, the casino industry in Las Vegas does appear to be slowly recovering. Hope is that this trend continues for weeks to come.

Here’s a look at what’s going on here.

More Casinos Are Expected to Reopen in Las Vegas Next Year

For years, several massive new casino-resorts have been under construction in Las Vegas. Most of them were initially expected to be open at this point. For several reasons, the opening of these new gambling venues has been delayed.

Fortunately, it’s been confirmed that 2021 will see several of these exciting new venues open back up. It’s a huge move for the owners of these venues. Many feel this could help to boost the tourism industry in this city.

Most are looking forward to the opening of Resorts World Las Vegas. This venue cost more than $4 billion to construct; the most expensive casino-resort ever built in this city. Officials at this new casino claim it will be open in summer of 2021.

Many are also excited about the opening of the Las Vegas Virgin Hotel. This venue is located at the former Hard Rock Hotel-Casino. It’s Virgin’s first move into the casino industry and many feel this will be the best new property located off the Strip.

The truth is that no one knows how things will look in Las Vegas next year. The casino owners here are hoping things return to some sense of normalcy. Unfortunately, tourism rates in this city still remain significantly lower than they were last year.

It now appears that Golden Week failed to boost tourism in the city.

Golden Week Does Not Boost International Tourism Rates in Las Vegas

China has an unusual set of gambling laws and regulations. In Mainland China, all forms of gambling are completely prohibited. Interestingly, China has allowed Macau, one of its territories, to become one of the world’s largest gambling destinations.

In the past, “Golden Week” was one of the biggest weekends for major casino cities like Las Vegas. This week traditionally sees millions of Chinese nationals travel abroad. Many of these international travelers head to Las Vegas to test their luck inside casinos.

That did not happen this year. New reports show that international tourism rates didn’t increase over Golden Week, beginning on October 1st. It’s not much of a surprise. Travel between the US and China is still completely prohibited.

It’s a tough blow for the casinos in Las Vegas, many of which had hoped to see an influx of new Chinese players. Jeremy Aguero, an analyst for Applied Analysis, spoke about this situation to the media this week.

“They come from longer distances, they spend more money, they have a tendency to stay longer, and all of that adds up,” he said. “It means more tax revenue for the state and local government, and it means more money for jobs. … These celebrations are extremely important to Las Vegas, and we’ve been feeling the loss of them for the past six months.”

At this point, it seems unlikely that international tourism rates will increase at all this year. Travel restrictions are once again ramping up around the world. It would take years before Las Vegas sees its visitation rates return to normal.

Is Macau Seeing a Surge in Tourism Right Now?

There has been a huge amount of attention placed on Macau over the past few months. At the start of this year, the casinos in this city were forced to shut down. Most of them were given permission to reopen within just a couple of weeks.

Some analysts predicted that Macau would end up being a source of valuable revenue for US casino companies. Several, including MGM Resorts, and Las Vegas Sands, operate massive casino-resorts in this city. Unfortunately, this prediction has failed to come together.

Mainland China has been implementing intense travel restrictions to and from Macau. For months, travel to this casino destination was completely prohibited. This travel restriction was finally lifted and it seems tourism rates in Macau have begun to increase.

International travel is obviously difficult right now. Many analysts predict that domestic travel, including into Macau, will surge over Golden Week. That could be fantastic news for the casino companies based in this city.

We won’t receive revenue reports here for at least a couple of months. It seems likely that things will improve in a major way. Hopefully, we see international tourism rates in Las Vegas start to increase sometime next year.

When do you expect things to return to normal in Las Vegas? Let us know in the comments section below!

Here’s Why Macau Casino Share Prices Are Surging

Macau remains one of the world’s top casino destinations. For months, however, tourism into the city has been sparse and gambling revenue is dropping. Interestingly, Macau’s casino share prices have begun to increase this week. Today, we’re going to look at why this is.Wynn Resorts In Macau

Casino companies have to be pleased with this development. Many have been hurting badly through 2020. Some feel that Macau may end up being a source of valuable revenue for these companies heading into 2021.

Let’s look at what’s going on here!

US Casino Companies Continue to Release Revenue Reports

Casinos around the world are still being heavily affected by the global pandemic. The US remains the hardest-hit country from this new virus and casinos here are struggling to bring in players. It’s unclear when this trend may begin to change.

In recent weeks, some of the country’s biggest casino companies have begun releasing their second-quarter revenue reports. Things are about as bleak as most analysts predicted. All of these companies saw massive drops in revenue when compared to the same quarter in 2019.

Las Vegas Sands experienced a massive 97% drop in revenue in 2020’s Q2. Over these three months, the company managed to bring in just $98 million. That represents the worst quarter in the company’s history.

Wynn Resorts also offered some insight into its second-quarter earnings. This massive casino operator saw a 95% drop in revenue. Company officials are confident thing will look significantly better through July, August, and September.

It’s been a tough year for the land-based gambling industry. Many casinos have already been forced to permanently shut down. More are likely to do so over the next six months.

More focus is beginning to shift towards Macau, where rates of tourism may be about to increase.

Macau Casino Share Prices Have Begun to Increase

As we already mentioned, tourism into Macau has been almost non-existent for months. Much of that was due to the travel restrictions that mainland china set on this territory. In the past, visitors to Macau were forced to quarantine for two weeks after returning to the mainland.

Officials in Macau have been complaining about these regulations. Many felt they made it impossible for the tourism industry here to thrive. It now appears that the government in Mainland China agrees.

Authorities in the Hong Kong and Macau tourism offices have confirmed that visitors to these cities will no longer need to quarantine after returning to the mainland. Visitors will, however, need to obtain a negative Covid-19 test and a green health code in order to return home.

It seems likely that this will help to increase tourism to Macau. As a result, many Macau casino share prices have begun to increase. Melco Resorts & Entertainment saw an increase of 5.41%. Las Vegas Sands saw a 4.07% increase. Wynn Resorts’ share prices increase by 4.14%. Lastly, MGM Resorts International saw an increase of 1.42%.

It’s great news for these companies. It may be more than a year before casinos in the US see their revenue earnings return to normal. Hope is that Macau manages to make up for some of the revenue losses experienced in the United States.

What else can US casinos do to increase their earnings?

Online Gambling is Growing More Popular in the US

Many gambling fans have been disappointed to see their local casinos either closed or with significant restrictions set in place. As we mentioned earlier, many of these venues may be forced to permanently close down. The popularity of online gambling is now growing as a result.

Many love the convenience that these sites offer. It can also be exciting to see how many different gambling options these websites provide.

Sports betting is more popular now than ever before. More than 20 states have passed laws to legalize and regulate this industry. Many more are likely to do so over the next couple of months.

The surge in online gambling is likely to continue for some time. As more states earn money from their internet gambling industries, more states are likely to begin looking into its regulation, as well. Hopefully, the land-based casino industry begins to recover soon, as well.

We’ll need to wait and see how Macau casino share prices change as the weeks go on. It will be interesting to see how quickly tourism rates jump here with China’s travel restrictions now lifted. Make sure to stay tuned for updates.

Do you plan on visiting Macau anytime soon? Let us know in the comments section below!

Casino Stock Prices Are Starting to Jump: Here’s Why

The world’s casino industry is slowly beginning to get back on track. As you might expect, investors are starting to take notice. This week, casino stock prices began to surge and many are wondering why.Paper On Stocks And Shares

There’s one key reason for this jump. Fortunately, there’s still time for investors to profit. Let’s take a look at what’s going on here.

How is the US Casino Industry Faring Right Now?

The months between March and June were likely the worst in the history of the US casino industry. It was the first time that all of the country’s casinos were forced to completely shut down. Obviously, casino companies around the country earned almost no revenue during this time.

As time went on, state officials realized something needed to change. Many parts of the country rely on their gambling industries to bring in tourists. That’s especially true in Nevada, the largest gambling destination in the world.

Governor Steve Sisolak gave Nevada’s casinos the green light to begin operating again on June 4th. Today, nearly all of the casinos on the Las Vegas Strip are now operating again. Tourism rates are still down here, though. This probably won’t change until the casinos are able to operate without major restrictions set in place.

New Jersey took a little longer to get back on track. Governor Murphy announced that casinos in Atlantic City would open back up over the Fourth of July weekend. Opening day was a success, yet it will be a long time before gaming revenue gets back to the level it was last year.

Casino companies have begun operating again, but things are far from ideal. Many of these companies are now looking at their overseas properties as primary money-makers. To the surprise of many, casino stock prices began to surge this week.

Here’s Why Casino Stock Prices Jumped This Week

Many investors were excited to see the US casino industry get back on track. Unfortunately, rates of Covid-19 have continued to climb in the United States and many casinos may be forced to close down again soon. Perhaps that’s why so many were surprised to see the share prices for many casino companies go up recently.

There’s a key reason why this is.

The Chinese government has just announced that it plans to loosen travel restrictions on visitors from Macau. Previously, China has made it very difficult for mainlanders to make the trip to Macau and come back. This is huge news for the territory of Macau which, like Las Vegas, relies almost entirely on tourism and gambling revenue.

As many already know, many of the top US casino companies have casinos in Macau. Restrictions are significantly looser in this city. Now that travel restrictions are loosening up, revenue here is likely to increase significantly.

Casino companies are profiting off this news. This week, Wynn Resorts, Las Vegas Sands, and MGM Resorts International all saw their share prices increase. It’s great news for all three of these companies, each of which has property in Macau.

If tourism rates begin to truly surge, we may see casino stock prices rise even more. Investors are certainly taking a good look at this situation. Stay tuned for updates over the next few months!

Eldorado-Caesars Merger is Nearly Complete!

As we’ve already mentioned, this has been an extremely tough past few months for casino companies in the US. While everything has been going on, Eldorado Resorts and Caesars Entertainment have been working to complete their merger. In case you’re unaware, Eldorado paid an astounding $17.3 to acquire Caesars in June of last year.

This is the largest merger ever made between two casino companies. Before it can be complete, though, both companies need approval from various groups. That includes state gambling commissions around the country. They also needed the green light from the FTC.

It appears this deal is finally about to wrap up. Eldorado and Caesars have received approval from many different gambling commissions already. Recently, the FTC approved the merger. These companies are now meeting with members of the last state gambling commissions to receive final approval.

The Indiana Gaming Commission is requiring that Ceasars sell three of its properties before the deal can be complete. Under normal circumstances, that wouldn’t be too difficult for the company. Some feel it could take time to find a buyer for these venues right now, though.

Casino stock prices are always going up and down. We’re likely to see this trend continue over the next few months. Hopefully, the US casino market improves and casino companies here are able to earn enough revenue to function normally.

Do you plan on investing in any US casino companies? Tell us which ones in the comments section below!

Macau’s Gaming Revenue May Begin to Surge

The casino industry around the world has been struggling for the past few months. In Macau, where some of the biggest casino-resorts are located, the casinos have been earning almost no money. Fortunately, Macau’s gaming revenue may soon begin to increase rapidly.Casinos In Macau

China is lifting travel restrictions into Macau. Many analysts predict a huge surge of tourists flocking to this gambling destination. Today, we’re going to look at how this might affect US casino companies.

Let’s get into it!

China is Lifting Travel Restrictions to Macau

China was one of the first countries affected by the new coronavirus spreading around the world. Officials took intense measures to prevent major spreads and now, much of everyday life is beginning to return to normal here. Now, the Chinese government is beginning to allow its citizens to travel to Macau.

This is an exciting move for many people in the country. Macau is one of the most popular vacation destinations for many Chinese nationals. In fact, the vast majority of Macau’s gaming revenue is earned from Chinese players.

Over the next few weeks, China will begin allowing more of its citizens to visit Macau. The casino-resorts here have been open for many weeks. Due to the travel ban, however, this city is earning very little revenue.

Like many other cities, Macau is ordering all of its casinos to adhere to strict social distancing measures. Total occupancy in these gambling venues is being reduced. Some measures, such as installing plexiglass barriers at table games, are also mandatory.

It remains to be seen how many tourists will begin flocking to Macau. Many expect travel deals to begin appearing here. Several of the biggest US casino companies are now looking at this city as one of their primary revenue sources.

Macau’s Gaming Revenue is Expected to Increase Quickly

Much like Las Vegas, Macau is a city that relies heavily on its gambling industry. As we already mentioned, many of the biggest and best casino-resorts on the planet are based here. City officials have been working hard to start getting revenue back to normal.

Of course, things were bad in this city even before the global pandemic hit. The US-China trade war significantly hurt the Chinese economy. As a result, less people from this country have been visiting and gambling in Macau.

Things may finally be starting to improve. China’s economy has been slowly getting back on track. The government has now given the green light for many of its citizens to start making the trip back to this city.

Officials within Wynn Resorts are clearly happy to see this happen. The company released a statement to the media about this situation.

“It has been announced that Guangdong Province, a People’s Republic of China province adjacent to Macau, has eased quarantine requirements for those traveling between Guangdong Province and Macau,” the statement said. “Certain groups of people, including students, teachers and certain non-resident workers who are PRC citizens can travel between Macau and Zhuhai, a PRC city adjacent to Macau, subject to certain health declaration and testing requirements.”

Macau’s gaming revenue will be extremely important for many US casino companies. Many of these companies have lost an incredible amount of money due to the country’s regulations. The ones with casinos in Macau may finally see their earnings come back.

Las Vegas is Getting Back to Normal

The past few months have been incredibly difficult for casinos around the world. From an economic standpoint, Las Vegas was one of the worst-affected cities in the country. Fortunately, things are slowly getting back to normal here.

On June 4th, several of the biggest casino-resorts in this city finally reopened to the public. Most tourists here claimed things were just as fun as they were before. That’s a little surprising, especially considering there are now intense social distancing measures set in place here.

Over the next few weeks, many more of the casino-resorts here are scheduled to open back up. That includes the Aria, the Linq, and Mandalay Bay. Tourism is increasing here every single month.

It may be a long time before things get back to how they were back in January. Some health experts also warn that a second wave of cases could end up shutting down the casinos in Las Vegas once again. It’s a complicated situation that’s constantly evolving.

Hopefully, Macau’s gaming revenue starts to increase this summer. It will be hugely beneficial for many US casino companies.

Stay tuned for more US casino news over the next few months!

Stanley Ho Has Passed Away at Age 98

Macau is considered one of the world’s premier gambling destinations. Stanley Ho is widely considered to be one of the most instrumental person in making that happen. Unfortunately, news has surfaced that Ho has passed away at age 98.Stanley Ho

It comes at an unusual time for Macau. Casino revenue here is now lower than it has ever been. Today, we’re going to discuss what this territory is doing to recover from the current economic situation it finds itself in.

Let’s get into it!

Macau’s Casino Revenue Continues to Plummet

Macau is home to many of the biggest and most expensive casino-resorts on the planet. Over the past few decades, it’s grown to become one of the world’s top gambling destinations. Unfortunately, revenue here has been dropping steadily for more than a year.

China’s economy has slowed considerably due to the US trade war it’s currently engaged in. As a result, fewer Chinese nationals are visiting Macau. As many are well-aware of, Macau relies heavily on Chinese gamblers for revenue.

This situation was tough on casino companies here. It was, however, manageable and many felt that as the Chinese economy improved, things in Macau would get better, as well. Unfortunately, the global pandemic has taken things from bad to horrible.

For a time, all of the casinos in Macau were closed down. They eventually opened back up, yet tourism here is almost non-existent. As a result, many of the casino companies in Macau are losing millions of dollars every day. It’s still unclear when revenue figures will begin to improve.

It’s a very difficult situation. Many of the city leaders here are now working to come up with ways to boost tourism. Unfortunately, one of the men responsible for making Macau what it is today has just passed away.

Stanley Ho Passed Away This Week

Those in the casino industry are well-aware of Stanley Ho. The former smuggler grew to become one of the most powerful men in Macau. He wasn’t without controversy, though, and many have criticized the casino mogul for his connections to several powerful crime groups.

Ho fled to Macau during World War Two. He was broke at the time, and ended up smuggling goods into China from Japan. As the war came to an end, Stanley Ho began to lead the reconstruction of Hong Kong.

In the 1960s, Ho secured a monopoly to control Macau’s emerging casino industry. It proved extremely profitable and he quickly became one of the richest men in China. As his age increased, Ho’s daughter began to take over much of his responsibilities.

New reports confirm that Stanley Ho has passed away at the age of 98. Many in the casino industry are paying their respects to one of the most important casino owners in Asia. Pansy Ho has already released a statement, claiming she knew it was coming, yet she’s still incredibly sad.

“The family of Stanley Ho today, with a very heavy heart, announced that [Ho] passed away peacefully at the age of 98 at around 1:00 pm today at HKSA,” Pansy said in an official press conference. “Even though we knew that this day would come, it doesn’t lessen our unspeakable sadness.”

This isn’t likely to have any major effect on Macau. As we mentioned earlier, Stanley’s role in the industry was passed on years ago. Casino owners are now looking at other leaders in Macau for news on how the city will improve.

US Land-Based Casino Industry Begins to Reopen

Macau isn’t the only area where casinos are struggling. All over the world, gambling venues are seeing their revenue earnings drop. That includes all of the casinos in the United States. Fortunately, things are beginning to improve here.

Some states have allowed their casinos to open back up. In Mississippi, for example, most of the coastal casinos are now accepting guests at limited capacity. The same is happening in Oklahoma.

Even some of the casinos in California have begun operating again. It’s surprising, considering this state has been one of the slowest to reopen. All of the casinos here are run by Native American tribes and sit on sovereign land.

Interestingly, casinos are still not open in Las Vegas. It’s been incredibly difficult for this city, which continues to lose millions of dollars every single day due to these regulations. Based on what city officials are saying, casinos will open back up here next month.

When Las Vegas casinos reopen, they won’t look the same way they did in the past. Major social distancing measures will be set in place to protect guests and staff. It’s unclear how much revenue these casinos will be able to generate.

Are you sad to hear about the passing of Stanley Ho? When do you expect Macau to recover from this current situation? Let us know in the comments section below!

Macau’s Casinos Are Opening Back Up

Earlier this month, officials in Macau decided to shut down all of the territory’s casinos. This came in an attempt to stop the spread of the coronavirus. This week, Las Vegas casino companies are beginning to celebrate, as Macau’s casinos are opening up again.Casinos In Macau

The spread of the coronavirus seems to be slowing down. With casinos in Macau opening back up, many of the biggest casinos in Las Vegas can start generating revenue in this territory again. Today, we’re going to look at what’s happening here.

Let’s get into it!

Macau Coronavirus Infection Rates Seems to be Slowing

If you follow the news, there’s a good chance you’ve heard of the coronavirus spreading throughout China. The first cases of this virus popped up in December and were traced to a seafood market in Wuhan that sold illegal wildlife. Since that time, it’s spread rapidly all over the country and abroad.

At first, it was unclear just how deadly the coronavirus was. Its ability to spread was apparent, yet the virus didn’t seem quite as deadly as the SARS virus of the early 2000s. The death toll has now surpassed SARS by a large margin and researchers are understanding how serious of an issue this is becoming.

Officials in China have been working hard to stop the spread of this coronavirus. Based on new reports, these efforts are paying off. Infection rates have begun to slow down, which could indicate that the virus is beginning to taper off.

That doesn’t mean things are completely safe. There are still thousands of new cases of the virus popping up every single day. The world is very aware of the danger that’s out there.

The coronavirus has taken a serious toll on many Las Vegas casino operators. As we mentioned earlier, casinos in Macau were closed down due to the Wuhan coronavirus. Now, it appears they are set to open back up. Here’s what’s happening.

Macau’s Casinos Are Set to Open Once Again

It’s been weeks since Macau’s casinos have been opened to the public. Officials in the territory felt that closing these venues down would help to prevent the spread here. On Friday, these massive gaming venues will finally open back up.

This includes the properties owned by Wynn Resorts, Las Vegas Sands, and MGM Resorts International. These Las Vegas-based companies were losing millions of dollars every day due to the casino closures. It also took a serious toll on these companies’ stock prices.

Lei Wai Nong announced that the city’s casinos will officially open on Friday. That makes it 15 days since they were first shut down. Obviously, the Las Vegas companies have reason to celebrate.

It’s still unclear when Macau’s other public facilities will open up. This includes movie theaters, internet cafes, and gyms. As the virus begins to taper off, more venues in this city will be given permission to reopen.

When operating normally, Macau’s casinos bring the territory millions of dollars every single month. Unfortunately, this territory has been plagued with bad luck lately. We’ll need to wait and see how much revenue increases here once the gaming establishments are back up and running.

Las Vegas Gaming Revenue Continues to Increase

Macau’s gambling industry is struggling right now. Even before the coronavirus hit this small city, things weren’t great. A slowing Chinese economy has lessened the number of gamblers visiting Macau.

Over in Las Vegas, however, things are going smoothly. This city has experienced an increase in gaming revenue for the past few months. It’s a fantastic time to be a casino operator here.

This isn’t likely to slow down anytime soon. Over the next year, several major casino-resorts are scheduled to open in this city. This includes Resorts World Las Vegas, the most expensive hotel-casino ever built in this city.

Once Macau’s casinos open up again, many of the biggest companies in Las Vegas will see their revenue earnings increase. Many of these companies continue to invest billions of dollars into the territory, despite the trouble Macau has been facing.

The Wuhan coronavirus is still a major issue in China. It’s unlikely that Macau’s casino industry will start surging right away. Eventually, however, this city may become the world’s largest gambling hub once again.

Stay tuned for more Macau casino news over the next few weeks!

Las Vegas Casino Companies Are Affected by Coronavirus

The Wuhan Coronavirus first appeared in early December and has now spread to at least 20,000 individuals. It’s one of the world’s scariest virus outbreaks in recent memory and is showing no signs of slowing down. New reports indicate several Las Vegas casino companies are losing revenue due to the impact of this coronavirus.Casinos In Macau

For now, the vast majority of infected individuals are in China. Unfortunately, this is taking a serious toll on Macau, one of the world’s biggest gambling hubs. Today, we’re going to look at how this virus has spread so quickly, and discuss the impact that it’s having on the world’s gambling industry.

Wuhan Coronavirus Continues to Spread Around the World

Over the past few decades, China has been the center of several new virus outbreaks. In the early 2000s, this country experienced an outbreak of severe acute respiratory syndrome, or SARS. This was a coronavirus that caused chronic viral respiratory disease. It spread quickly and ultimately killed 774 individuals.

In December of 2019, the Chinese city of Wuhan began experiencing an outbreak of a new type of Coronavirus called 2019-nCoV. Researchers have traced the origins of the virus to a seafood market that allowed the sale of wild animals. Over the past two months, this virus has spread at an incredible rate with more than 20,000 now confirmed to be infected.

Nearly all of the confirmed cases have been in China. All but one death has also been confined to this country. Officials are doing everything they can to contain the virus and prevent it from spreading to other nearby countries.

One city that’s being heavily affected is Macau. This is one of the most-visited cities by Chinese tourists. Government officials here have looked at ways to ensure the outbreak does not reach Macau’s population.

Tourism in this city has dropped dramatically. Obviously, many of the casino operators here are losing revenue. This includes some of the biggest Las Vegas casino companies.

Las Vegas Casino Companies Struggle With New Macau Regulations

Macau is one of the world’s biggest gambling hubs. There are a huge number of major casinos here, some of which are operated by Las Vegas-based companies. Las Vegas Sands, MGM Resorts International, and Wynn Resorts all own property in this Chinese territory.

Unfortunately, most of these companies have been losing money here. Not all of the blame can be placed on the coronavirus, though. The US-Chinese trade war had led to a major decline in tourism here. The Wuhan Coronavirus is just making things worse.

2019-nCoV is scary for several reasons. Officials are struggling to contain the virus and its now infected individuals in every single Chinese province. Leaders in Macau have recently decided to shut down casinos as a way to prevent tourism in the city.

Some of the biggest Las Vegas casino companies are taking a major financial hit from this decision. The three companies we listed above state they will comply with the new regulations. Pansy Ho, one of the most powerful individuals in Macau, commented on the casino closure to the media this week.

“It was a hard decision, but we must make it for the health of Macao residents,” she said to the media. “Macao can still withstand economic losses.”

It’s unclear at this point how much revenue these companies have lost in Macau. Unless the situation improves and the government begins to cut down on the infection rate, these losses will continue.

Gambling Revenue in Las Vegas is Likely to Increase

The gambling industry in Macau is hurting right now. Over in Las Vegas, however, things are running smoothly. This city’s gambling revenue increased significantly in 2019 and most analysts believe the trend will continue this year.

Some were surprised to see the revenue increase in 2019. A huge number of states have recently legalized sports betting and expanded their casino gambling options. There was a thought that this would take away from Las Vegas’ tourism. For now, this doesn’t appear to be the case.

In fact, things are likely to get even better this year. Several major casino-resorts are set to open in Las Vegas in 2020. This includes Resorts World Las Vegas, the most expensive hotel-casino ever constructed in the city.

Downtown Las Vegas is improving rapidly, as well. Derek and Greg Stevens are opening Circa Las Vegas before the end of the year. This new casino-resort will be one of the most impressive venues in the Downtown area.

Las Vegas casino companies continue to bleed money in Macau. Fortunately, things are going well in the US. Make sure to stay tuned for more updates on this situation over the next few months!