Berliner Boersenzeitung - Macau closes casinos, most businesses as Covid outbreak worsens

EUR -
AED 4.004483
AFN 73.841878
ALL 98.705675
AMD 421.925036
ANG 1.967318
AOA 991.083338
ARS 1068.429803
AUD 1.621174
AWG 1.962976
AZN 1.862575
BAM 1.954526
BBD 2.203964
BDT 130.44499
BGN 1.955127
BHD 0.410958
BIF 3220.20143
BMD 1.09024
BND 1.42697
BOB 7.559074
BRL 6.101521
BSD 1.091589
BTN 91.769895
BWP 14.51554
BYN 3.572272
BYR 21368.694259
BZD 2.200266
CAD 1.504928
CDF 3137.709386
CHF 0.940555
CLF 0.03662
CLP 1010.44471
CNY 7.748877
CNH 7.756754
COP 4589.079726
CRC 564.73197
CUC 1.09024
CUP 28.891347
CVE 110.193188
CZK 25.257902
DJF 194.383323
DKK 7.460869
DOP 65.667205
DZD 145.471753
EGP 52.977569
ERN 16.353593
ETB 131.13614
FJD 2.453364
FKP 0.834217
GBP 0.834486
GEL 2.95995
GGP 0.834217
GHS 17.388668
GIP 0.834217
GMD 74.680065
GNF 9416.863135
GTQ 8.441499
GYD 228.371173
HKD 8.46728
HNL 27.163298
HRK 7.510693
HTG 143.706348
HUF 401.088024
IDR 16947.773075
ILS 4.100723
IMP 0.834217
INR 91.649674
IQD 1429.968106
IRR 45901.810501
ISK 149.297534
JEP 0.834217
JMD 172.807383
JOD 0.772649
JPY 163.086724
KES 140.803975
KGS 93.222116
KHR 4434.11034
KMF 490.062489
KPW 981.215307
KRW 1482.747037
KWD 0.334354
KYD 0.909607
KZT 529.664823
LAK 23939.39896
LBP 97749.497738
LKR 319.831569
LRD 210.123065
LSL 19.138328
LTL 3.219193
LVL 0.659475
LYD 5.231591
MAD 10.701126
MDL 19.282434
MGA 5021.727396
MKD 61.500716
MMK 3541.055378
MNT 3704.633861
MOP 8.73161
MRU 43.214837
MUR 50.39077
MVR 16.735006
MWK 1892.66657
MXN 21.139411
MYR 4.692934
MZN 69.670209
NAD 19.138328
NGN 1783.642471
NIO 40.173819
NOK 11.781183
NPR 146.832311
NZD 1.790402
OMR 0.419729
PAB 1.091589
PEN 4.06615
PGK 4.293202
PHP 62.782562
PKR 303.18182
PLN 4.294726
PYG 8543.43234
QAR 3.979007
RON 4.974771
RSD 117.031742
RUB 103.027698
RWF 1470.541664
SAR 4.093883
SBD 9.048254
SCR 15.518503
SDG 655.779377
SEK 11.36874
SGD 1.42678
SHP 0.834217
SLE 24.557667
SLL 22861.773772
SOS 623.793481
SRD 34.981409
STD 22565.756528
SVC 9.550776
SYP 2739.259751
SZL 19.13453
THB 36.308219
TJS 11.625124
TMT 3.826741
TND 3.36001
TOP 2.553449
TRY 37.361528
TTD 7.41117
TWD 35.061791
TZS 2974.561466
UAH 44.971892
UGX 4000.392988
USD 1.09024
UYU 45.570302
UZS 13949.908999
VEF 3949449.874819
VES 42.343973
VND 27146.963625
VUV 129.435457
WST 3.053961
XAF 655.529799
XAG 0.034921
XAU 0.000412
XCD 2.946427
XDR 0.815668
XOF 655.529799
XPF 119.331742
YER 272.941225
ZAR 19.16701
ZMK 9813.46193
ZMW 28.844203
ZWL 351.056675
  • NGG

    0.6500

    66.89

    +0.97%

  • CMSC

    -0.0200

    24.69

    -0.08%

  • RELX

    0.5500

    47.38

    +1.16%

  • RYCEF

    0.0100

    7.04

    +0.14%

  • RBGPF

    60.5000

    60.5

    +100%

  • RIO

    0.4700

    67.7

    +0.69%

  • GSK

    0.3000

    39.13

    +0.77%

  • SCS

    0.0700

    12.98

    +0.54%

  • BTI

    0.2700

    35.45

    +0.76%

  • BCC

    0.6100

    142.98

    +0.43%

  • BP

    -0.1200

    31.99

    -0.38%

  • CMSD

    0.0300

    24.98

    +0.12%

  • JRI

    -0.0300

    13.22

    -0.23%

  • VOD

    0.0300

    9.68

    +0.31%

  • AZN

    0.7500

    78.1

    +0.96%

  • BCE

    -0.4600

    32.56

    -1.41%

Macau closes casinos, most businesses as Covid outbreak worsens
Macau closes casinos, most businesses as Covid outbreak worsens / Photo: Anthony WALLACE - AFP/File

Macau closes casinos, most businesses as Covid outbreak worsens

Macau on Saturday announced a weeklong shutdown of its casinos and non-essential businesses as the Chinese gambling hub confronted its worst coronavirus outbreak yet.

Text size:

Macau will enter "static management" for a week starting July 11 and residents must stay home, with rulebreakers liable to be jailed for up to two years, top city official Andre Cheong said at a press conference.

Some public services and businesses such as supermarkets and pharmacies can stay open, but casinos -- which in normal times accounted for around 80 percent of government revenue -- will need to close their doors.

Macau on Saturday reported 71 new Covid cases, bringing the total of infections to 1,374 since the latest wave began on June 18, low by global standards but the city follows mainland China's strict zero-Covid policy.

Health officials said imposing "static management" coupled with intensive PCR testing in the outbreak's third week would help prevent a resurgence.

Last month Macau closed most of its businesses, ranging from bars to cinemas, as it adheres to China's zero-Covid strategy which seeks to stamp out the virus through lockdowns, strict border controls and mass testing.

Despite stringent health policies, the city's casinos had managed to stay open after an initial 15-day shutdown around the start of the pandemic.

But last week authorities locked down one of Macau's most famous casinos, the Grand Lisboa, and trapped more than 500 people inside after finding 13 infections linked to the venue.

The 600,000 residents of the former Portuguese colony have been told to minimise unnecessary activity outside the home and have undergone multiple rounds of citywide Covid testing.

Macau hosts a casino industry bigger than that of Las Vegas, accounting for more than half the city's gross domestic product and employing nearly one-fifth of the population.

The only city in China where casino gambling is permitted, Macau has seen its vital tourism revenues wiped out by some of the world's harshest measures to tackle the virus -- including tough border controls, weeks-long quarantines and targeted lockdowns.

Chinese President Xi Jinping's anti-corruption campaign has also seen increased scrutiny of big-spending gamblers and corrupt officials who might travel to Macau to launder money.

Macau residents may face further economic woes as city officials declared on Saturday that employers are not obligated to pay workers during the Covid-related shutdown.

(U.Gruber--BBZ)