Macau Casinos Close for Typhoon Mangkhut

This story was published more than 2 years ago.

Casinos in Macau were forced to shut down for a period of 33 hours over the weekend as Typhoon Mangkhut beared down on them, causing the destination to suffer $185.6 million in revenue.

The casinos were ordered to close at 11pm on Saturday, but re-opened their doors at 8am on Monday. During the time, millions of dollars worth of casino revenues were lost, as all gameplay was halted. The storm blew through Macau as well as Hong Kong, causing a massive amount of damage as well as shutting down roughly two-thirds of manufacturing.

Analysts are predicting that Macau's revenues could slip as much as 7% for the month due to the storm, as the closure occurred on the weekend, which generates way more traffic than during the week. Gaming stocks also suffered due to the closure, with Galaxy falling by 4.6%, Wynn Macau slipping 3.2%, and SJM dropping 3.9%.

Speaking about the storm Power Macau Gaming Association president Stephen Lau said, "This is the first time in Macau history that all casinos halted operations, to ensure the safety of employees. We are seeing the government and casino operators no longer just put profit over the employees' interest."

About the author

Kingston Li // Asia Correspondent
Kingston Li
Kingston is a big fan of Baccarat and Texas Hold'em Poker and has tested his skills in tournaments around Asia and the world. He covers the latest gambling news from Asia for Casino Listings. In his spare time, Kingston enjoys hiking, video gaming, and playing disc golf.
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bgsharpe
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22 September 2018 - 8:00pm
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Of course it's a big blow to all the local casinos in Macau but the safety should be in first place and I understand the casino owners probably hate the typhoon for at least one obvious reason but it is what it is and they will just have to cope with it.