The new date is Jul 11, 2022.
Major Hong Kong-listed gambling stocks slumped heavily on Monday after the city of Macau shut down all of its casinos and ordered its residents to stay at home for a week.
The Grand Lisboa Hotel is under lock and key.
Wynn Macau, Sands China, MGM China, and Melco International were all down in Hong Kong on Monday.
The slump in casino stocks and Beijing's decision to fine tech giants for failing to adhere to the country's antitrust rules dragged down the Hang Seng index.
Macau, a Chinese special administrative region, shut down its casinos for the first time since the early days of the Pandemic after detecting new Covid-19 cases in the community.
There were 59 new Covid-19 cases in Macau on Monday, pushing the total number of infections to over 1,500.
Similar to the approach taken by authorities in mainland China, Macau is carrying out several rounds of mass testing as it tries to get rid of the outbreak.
After several months of no Covid-19 cases in the Chinese Special Administrative Region, the latest outbreak in Macau was reported on June 19th. Most businesses, schools and public venues in the city were shut down at the start of the outbreak, but the casinos, which directly or indirectly employ a majority of Macau's residents and make up 80% of the city's economy, were allowed to stay open. The city's casinos were shut down for 15 days at the beginning of the Pandemic in 2020 but have been open ever since. Macau has pledged to stick to China's "zero- Covid" policy which aims to eliminate the local spread of the virus. However, international experts have questioned the wisdom behind the policy which has led to painfully long lockdowns in major Chinese cities and has caused severe economic disruption. According to the city's health ministry, 94.6% of Macau's population have beenvaccinated against Covid-19.
There was a 28% increase in the number of people. According to Forbes Asia, Lui Che Woo's net worth has fallen since the start of the swine flu. The drop in tourism during the Pandemic has had a severe impact on casino stocks.
Macau shuts down its casinos as the city enters a weeklong lockdown.
All of Macau's casinos have been shut down to curb carbon dioxide emissions.
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