Shares of gaming companies collapsed: the deadly Chinese coronavirus is already in Macau

On Thursday, CEO of Acau Ho Iat Seng said that Macau casino could be forced to close if the situation with infection in the city worsens because of the Chinese Coronavirus from Uhani. At a press conference on January 23, when Macau diagnosed the second case of infection with a deadly virus, he said that the Government of Macau could not exclude such an opportunity if the script worsen.
Macau confirmed its first case of pneumonia on Wednesday, linked to the outbreak of the newly diagnosed coronavirus and tightening temperature monitoring measures in casinos and around the city. On Thursday, authorities identified the second person infected with the novel coronavirus, a 66-year-old man who, like the first case, with a 52-year-old woman, also from Wuhan.
Macau Secretary of Public Affairs and Culture Ao Leong Lu, who chairs the committee set up to fight the virus, and other officials said authorities are coordinating with six gaming businesses to implement temperature checking machines at all casino entrances. A total of 405 guest entrances and 47 staff entrances have already been equipped with portable screening devices, and all casino staff are required to wear surgical masks.
Las Vegas Sands, meanwhile, tumbled on Tuesday as shares in a gaming and resort company faced a downgrade by Morgan Stanley and growing concerns over the deadly coronavirus outbreak. Decline in the value of shares of MGM Resorts International, Melco Resorts & Entertainment Limited, Wynn Resorts and Las Vegas Sands on January 21 was 6.2%, 9.6%, 6.1% and 5.4%, respectively. Bernstein analysts warn pneumonia outbreak could have lasting impact on Macau game operators.

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