It has been announced today that Macau integrated resorts developer and operator Sands China has decided to suspend business operations of three of its casino hotel establishments in Macau.
It is reported that the company, a subsidiary of Las Vegas Sands Corp, sought permission to close the venues on the Cotai Strip, Macau due to the huge decline in business and bookings over the past two weeks.
Bookings and revenue are down a substantial amount following the coronavirus outbreak, which started in the Chinese city of Wuhan and spread to Macau.
The suspension will be effectively immediately and apply to Sands China establishments: St. Regis Hotel, Four Seasons Hotel and Conrad Hotel.
Earlier in the week, the local government announced closures of many establishments in the special administrative region but did not apply to Sands China’s aforementioned establishments.
The main factor in the request was that it was a commercial decision by the management of Sands China due to the lack of guests not only booking rooms at the hotel, but also the foot traffic in the area.
Spending and gross gaming revenue is down considerably in Macau following fears and outbreak of coronavirus over the festive period of Chinese Lunar New Year, which is usually one of the busiest annual events on the calendar for Macau business, particularly gaming and entertainment.
Just a few days ago, Hong Kong confirmed its first death from the disease and mega corporations such as Disney and Nike are warning of the detrimental consequences of the virus. Furthermore, Taiwan is the latest nation to implement prevention measures as it introduces restrictions on visitors from Hong Kong and Macau.