The Miami Entrepreneur

Casino operators take a hit after Macau’s weeklong COVID-related shutdown

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Shares of casino operators with operations in Macau fell Monday, after Macau city officials said casinos there would be shut down for a week to fight a COVID-19 surge. Shares of Wynn Resorts Ltd. dropped 5.7%, Las Vegas Sands Corp. slumped 5.3% and Melco Resorts & Entertainment Ltd. shed 4.6%. Wynn and Las Vegas Sands had more revenue from Macau than Las Vegas in 2021. Shares of MGM Resorts International , which has a relatively small operation in Macau, fell 3.0% in Monday’s premarket. Meanwhile, futures for the S&P 500 eased 0.6% ahead of the open.

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