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Betting with your health? Coronavirus spooks Macao casino Market

The Chinese semi-autonomous land, that is also the world’s biggest gambling hub that has been made to shut all of its casinos Tuesday in the aftermath of this coronavirus outbreak.

The chief of Macao requested the town’s casinos shut down for two weeks after a worker at one of these tested positive for the virus sweeping China.

Ho Iat Seng created the petition on Tuesday since the entire number of instances in mainland China surged beyond 20,000.

Macao has up to now listed 10 instances of this virus.

He added he’d meet with heads of those casinos to talk about details.

Public transportation and other services were being cut back to the minimum required to manage emergencies, Ho explained.

He encouraged citizens to remain home and leave simply to get necessities like food.

Blow to the local market
Macao’s over two dozen casinos account for approximately half of their local market and are tremendously popular with Chinese people, generating over four times the earnings of these in vegas.

It’s just the second time in its history that the enclave has been made to shut down its amusement sector entirely. Another precedent was in 2018 when a strong typhoon hit Macao.

Fiscal stakes are conducting high: in twenty-five decades, Macao’s GDP has spanned, going from approximately 6 billion dollars to 55 billion today.