Macau – It has been reported today that all but two Macau casinos have resumed business operations following the pre-planned closure between casino executives and officials in the special administrative region.
Until this week, many of the casino establishments had already re-opened, with six remaining closed. However, as of today, four more venues resumed their business operations resulting in just two of the near 40 gaming establishments in Macau remaining closed.
One of the most recent to open its doors was Galaxy Entertainment Group’s Rio Hotel and the two casino establishments that are not yet open are the Grand Lapa Macau and Jai Alai.
Also to open recently was Sands Cotai Central; a casino resort on the Cotai Strip, who’s owners announced a couple of years ago plans to renovate the establishment with a London theme and rebrand it as The Londoner Macao, due to disappointing results at the casino.
As part of a continued preventative measure, gaming establishments were advised with a series of guidelines as part of the phased re-opening, whereby a minimum density at table games was required, with a minimum required space between each table.
Although the majority of establishments are now returning to normal business operation, custom remains slow as patrons are wary about the consequences of partaking in public outings, particularly from mainland China.
In light of this, experts in finance and economics are predicting growth to be very slow for the first quarter of 2020 and for gross gaming revenue to be down by as much as ninety percent in the month of March 2020.