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Macau Casino Stock Prices Declined Again as China Intensifies Covid-19 Measures

George Miller
March 18, 2022
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Macau casino stock prices declined again as mainland China extended its countermeasures against a rise in Covid-19 cases. Wynn Macau’s shares fell 15%, Sands China’s 13% and Galaxy Entertainment and SJM Holdings by about 12 %.

The drop in casino operators’ share prices comes after China imposed a week-long lockdown in Macau’s two neighbouring provinces, Shenzhen and Dongguan, preventing travel from those areas, due to a sharp rise in Covid-19 cases. Countermeasures have been reintroduced for inbound travellers entering Macau from Guangdong.

Sanford C. Bernstein Ltd has reported that Macau’s gross gaming revenue (GGR) for the second week of March was down 37% with the average daily rate declining to MOP114m (US$14.1m).

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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At the heart of the ever-evolving gaming and technology sectors lies EEGaming.org, a premier B2B platform and the definitive Intelligence Hub for industry leaders. As a flagship publication of HIPTHER, we bridge the gap between regional heritage and global innovation, redefining how the industry connects, informs, and inspires.

Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

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Our impact extends far beyond the digital page. EEGaming.org is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

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Business & Advertising: [email protected]

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