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June 15, 2021

Storm could turn around six consecutive months of industry growth

Typhoon could impact Macau's casino revenue

Typhoon could impact Macau's casino revenue
Casino operators in the former Portuguese colony are continuing to assess the damages from Hato storm -what's being called the worst typhoon in 20 years in Macau.
Macau | 08/24/2017

Casino operators in the former Portuguese colony are continuing to assess the damages from Hato storm -what's being called the worst typhoon in 20 years in Macau.

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hares of Las Vegas Sands were down more than 1 percent in midday trading Wednesday. Melco Resorts stock was down more than 1 percent as well, with Wynn Resorts down nearly 2 percent and MGM down less than 1 percent, CNBC website reported.

At the moment, at least nine people were killed in southern China, including five in Macau, according to the Government Information Bureau. It said 153 were injured in the enclave. In Hong Kong, more than 450 flights were canceled, financial markets suspended and schools closed as Hato bore down, the first category 10 storm to hit the city since 2012.

“Our people on the ground in Macau said this was the worst typhoon they had seen in 20 years,” said Las Vegas Sands spokesman Ron Reese.

He said power was out on the Cotai Strip for a couple of hours, but has since been restored, although water systems have been impacted.

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