Hong Kong Casino Stocks Slide As Macau Clamps Down On Covid Spread With Fresh Lockdown
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Macau has shut down all of its casinos and ordered its residents to stay at home for a week due to an ongoing Covid outbreak.
Hong Kong casino stocks are down on Monday. Macau has started a seven-day lockdown on the outbreak of Covid-19 virus. The total number of infections in the current outbreak has reached 1,500. More than 614,000 people in Macao have been vaccinated against the virus, including 94.6% of the population. The net worth of Hong Kong billionaire and casino tycoon Lui Che Woo has dropped 28% since the start of pandemic. He's been hit by the drop in tourism during the pand epidemic. China's "zero-Covid" policy aims to eliminate the local spread of virus and has caused severe economic disruption.
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