Asia
Macau Casino Stocks Fall on Coronavirus Fears
Macau casino stocks have fallen amid growing coronavirus fears in China. Wynn Resorts fell by 8.06%, Las Vegas Sands by 6.75%, Melco Resorts 5.27% and MGM Resorts 3.86%. The number of visitors from mainland China tumbled 66.3% to 91,549.
There have been six confirmed cases of the virus in Macau, leading to the government implementing controls to mitigate the outbreak, including suspending the self-service immigration clearance service system and banning visitors from the Hubei province, where the virus has caused at least 81 deaths.
Hong Kong infectious disease experts are urging the government to take excessive measures against the outbreak, estimating that 44,000 people could be infected in mainland China compared to the official figure of over 2800.