Las Vegas Sands posts flat results in Q4 2019, says current restrictions on travel to Macau will eventually create "pent-up demand" in China's gamblers.
Activist investor Jason Ader says the coronoavirus crisis creates an opportunity for Asian governments to authorize legal online gambling.
Illicit and criminal sexuality, combined with the fear of the coronavirus, has given government officials new reasons to stop POGO businesses.
The global epidemic that began in China is causing serious damage to Macau’s tourism scene, continuing a bad luck streak for the terriority.
China extends the 10-day lottery sales suspension for the Lunar New Year celebrations by a further 10 days to reduce potential coronavirus exposure.
There could still be significant downside as panic grows and the Chinese New Year bump is now off the table, and earnings will definitely be affected.
As the Coronavirus spreads, travel bans are taking a big toll on the gambling inudstry, and regulators are doing whatever they can to protect the industry.
Macau sees a huge drop in visitation during this year’s Chinese New Year because of the coronavirus.
A second case of coronavirus has been identified, forcing changes in the Chinese New Year celebrations.