Sands China Ltd., affiliated with Las Vegas Sands, was down $1.24, 6.6 percent from the opening bell to $17.42 a share. In early trading on the Hong Kong Stock Exchange Monday, the three affiliated Las Vegas companies were down.
None of the companies indicated whether resort employees would continue to be paid during the closure. A Las Vegas Sands spokesman on Saturday said the company would not address the current closure until its second-quarter earnings call, currently scheduled later this month. Representatives of MGM Resorts International on Sunday said they had no comment on the matter. The shutdown affects three Las Vegas-based casino companies – Macao market leader Las Vegas Sands Corp., with five properties Wynn, which has three resorts and MGM Resorts International, which partners on two properties in the Chinese enclave, the only place in the country where gambling is legal.Ī spokesman for Wynn Resorts emailed a statement from the company on Sunday: “We will follow the government’s direction in their efforts to contain COVID-19 in Macao.” The spokesman indicated it’s unlikely the company would have any further response. Macao casino resorts closed their doors Monday as a weeklong government-ordered shutdown began in the region, taking a toll on properties including several operated by three Las Vegas-based companies.īecause of elevated COVID-19 case numbers, Macao Secretary for Administration and Justice Andrew Cheong Weng Chun on Saturday ordered a closure of all nonessential businesses, including casinos, beginning at midnight on Monday (9 a.m., Sunday PDT) that will last through July 18. Macao will close all its casinos for a week starting Monday, July 11, and largely restrict people to their homes as it tries to stop a COVID-19 outbreak that has infected more than 1,400 people in the past three weeks. People take photos as security closes the shutters at Casino Lisboaʡt midnight on Monday, July 11, 2022, in Macao.
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