Coronavirus Closes Macau Casinos
Imagine every casino in Las Vegas closing its doors for two straight weeks. How much does that cost? Of course, some Las Vegas casino corporations have a large presence in Macau and could probably answer that question (when they finish crying).
This might be good for Vegas tourism in the short term... I wonder if the companies hit hard by this are going to offer any good deals in the upcoming weeks to try and make up for the loss.
Quote: TigerWuThe reporter in that clip said Sands gets 70% of their revenue from Macau... doesn't Wynn get something crazy like 80% of their revenue from Macau, too?
This might be good for Vegas tourism in the short term... I wonder if the companies hit hard by this are going to offer any good deals in the upcoming weeks to try and make up for the loss.
There are good casino options closer to Macau than Las Vegas (Singapore, Australia), but I don't know how many will let players from mainland China in. The fact that the government is taking such Draconian measures indicates how really serious the outbreak is considered.
During the shutdown, are employee's still drawing a salary from their employers, or is the Chinese government stepping in to cover the missed work with financial aid?
Quote: Ayecarumba
During the shutdown, are employee's still drawing a salary from their employers, or is the Chinese government stepping in to cover the missed work with financial aid?
I would guess neither, probably unpaid.
Quote: TigerWu
This might be good for Vegas tourism in the short term... I wonder if the companies hit hard by this are going to offer any good deals in the upcoming weeks to try and make up for the loss.
Word is they will up the payout for a BJ to 11:10. 11 is so much more than 6 so players will come out ahead.
In other news my trip to Asia is officially cancelled. My flights were cancelled today and my hotel in Macau also cancelled. I’m in the process of cancelling my hostels for Taiwan and the Philippines. I’m not sure if I’m going to be able to recoup the $320 I spent on 3 one way flights for this trip. As they say sh*t happens. If $300 is the only issue I face from this I’ll count my blessings.
Quote: PokerGrinder... I’m not sure if I’m going to be able to recoup the $320 I spent on 3 one way flights for this trip. As they say sh*t happens. If $300 is the only issue I face from this I’ll count my blessings.
They ought to offer you credit for a future flight. It's clearly not your fault, and they will be hurting for business when the virus subsides.
Coronavirus Nightmare MUCH WORSE Than They're Telling YOU! - YouTube https://www.youtube.com/watch?v=ko41qWfOUEk
Tencent may have accidentally leaked real data on Wuhan virus deaths | Taiwan News https://www.taiwannews.com.tw/en/news/3871594
Infections and deaths are predicted to go up by a factor of 10 every 6 days. The official numbers from the Chinese government are adhering to that. Some might believe they are 12 days behind and everything is 100 times worse than reported.
Quote: AyecarumbaThey ought to offer you credit for a future flight. It's clearly not your fault, and they will be hurting for business when the virus subsides.
I did some legwork today and looks like I’ll definitely get a full cash refund for my flight from Macau to Taiwan but the other two are most definitely lost.
researchers in China claim treatment that works but the World Health Organization reiterated on Wednesday that there are no proven therapeutics.Quote: rxwineI haven’t heard any predictions of how long this will last, but developing a vaccine would really help.
https://www.investing.com/news/forex-news/oil-prices-rise-on-reports-of-possible-vaccines-for-coronavirus-2077511
Quote: PokerGrinderI did some legwork today and looks like I’ll definitely get a full cash refund for my flight from Macau to Taiwan but the other two are most definitely lost.
That's a bummer. You should out the two carriers that stiffed you. Not cool.
Quote: rxwineI haven’t heard any predictions of how long this will last, but developing a vaccine would really help.
In six months you will have forgotten it was on the news and be concerned with a predicted bad hurricane season.
Quote: AZDuffmanIn six months you will have forgotten it was on the news and be concerned with a predicted bad hurricane season.
So? And in six months you may have forgotten your name and walk around in a fog of confusion.
Quote: rxwineSo? And in six months you may have forgotten your name and walk around in a fog of confusion.
Maybe if the waitress for the poker room slips me a Mickey. But the point is in six months you will be upset and worried about something new.
We get a scare like this almost every year. The common thread is they come from Africa or East Asia. They all are said to have the potential to be from 1918 to the Black Death.
Then baseball season starts and people talk about spring. Until the next thing to get upset about gets whipped up.
Worry all you like. I’ll be in the poker room, at the sports book, or walking between the two.
Quote: AZDuffmanWord is they will up the payout for a BJ to 11:10. 11 is so much more than 6 so players will come out ahead.
I didn't understand this. Obviously, 11:10 is even worse than 6:5. What is the normal BJ payout in Macau?
Quote: gordonm888I didn't understand this. Obviously, 11:10 is even worse than 6:5. What is the normal BJ payout in Macau?
https://www.youtube.com/watch?v=6q_fLr7hCZE
Quote: ChumpChangeMacau closes casinos for 2 weeks amid coronavirus outbreak - YouTube https://www.youtube.com/watch?v=38_wYKXRvOE
Coronavirus Nightmare MUCH WORSE Than They're Telling YOU! - YouTube https://www.youtube.com/watch?v=ko41qWfOUEk
Tencent may have accidentally leaked real data on Wuhan virus deaths | Taiwan News https://www.taiwannews.com.tw/en/news/3871594
Infections and deaths are predicted to go up by a factor of 10 every 6 days. The official numbers from the Chinese government are adhering to that. Some might believe they are 12 days behind and everything is 100 times worse than reported.
They have to be able to confirm it's coronavirus before they can report a case or a death, as opposed to a death from regular flu or something else.
They ran out of test kits a couple weeks ago.
They're converting arenas and stadiums into hospitals.
They're cremating the corpses, not releasing them to the families.
There is zero chance the numbers are correct or timely. Zero chance we'll ever know for sure how many died.
True. "Hospitals" are being constructed and if all it has are cots, tents and cremation facilities, it will still be called a hospital and only encouraging information will be released. Containment of victims is very important but all times containment of the truth is paramount.Quote: beachbumbabsThere is zero chance the numbers are correct or timely. Zero chance we'll ever know for sure how many died.
Quote: DeucekiesWhile Macau casinos are ghost towns right now, Asian gamblers who went to Vegas are now stuck there. So while Macau's numbers will be down, Vegas's numbers for the same owners will likely be up.
Maybe Howard Hughes was right. We all need Kleenex box shoes and to stop cutting our toenails.
China builds 1000 room hospital in 10 days:Quote: FleaStiffTrue. "Hospitals" are being constructed and if all it has are cots, tents and cremation facilities, it will still be called a hospital and only encouraging information will be released. Containment of victims is very important but all times containment of the truth is paramount.
https://www.nbcnews.com/news/world/china-s-coronavirus-hospital-built-10-days-opens-its-doors-n1128531
Quote: ChumpChange
Coronavirus Nightmare MUCH WORSE Than They're Telling YOU! - YouTube https://www.youtube.com/watch?v=ko41qWfOUEk
That guy has zero qualifications to be speaking on health epidemics. I wouldn't put any stock in anything he has to say about it.
In other news an LV bound jet is diverted to LAX...
There are many similar flight stories around the world.
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[Edit] Wynn Resorts says it's losing 2.6 million dollars daily due to the Macau closures, an affordable amount for its bankroll.
Story at Las Vegas Sun
Quote: ChumpChangeWho quarantines Vegas? The president, the governor, the mayor, or the CDC? Will they do it before hospitals are filled with tourists with pneumonia? Will they do it when the death toll reaches 10 in Vegas? Life could come at you fast.
Life could come at you fast. Life can come at you fast anywhere and anytime.
I'm reminded of the Plano, Texas mass shooting incident.
Newspapers all full of danger stories, but in fact it was the safest city in Texas before the incident and the safest city in Texas after the incident, despite all the television doomsayers.
The only difference is that in China there is no free press nor any sort of governmental "openness".
Airlines and airports are already vigilant, epidemiologists are already on the alert and Vegas personnel already keeping track of employer absenteeism, ER visits, possible carriers, etc. despite imprecise information on transmission modes and incubation times.
Quote: beachbumbabsThey have to be able to confirm it's coronavirus before they can report a case or a death, as opposed to a death from regular flu or something else.
...
There is zero chance the numbers are correct or timely. Zero chance we'll ever know for sure how many died.
We'll never know how many are dying just as a consequence of the virtual house arrests that whole cities are subject to: Suicides, Homicides, Starvation, Untreated accidents and illnesses in the home. I'd wager that death toll alone would dwarf those from the virus.
.Quote: ChumpChangeDO THE MATH: China holds “good news” press conference, accidentally admits the coronavirus mortality rate is closer to 17 per cent – NaturalNews.com https://www.naturalnews.com/2020-02-08-do-the-math-china-press-conference-admits-coronavirus-mortality-17-percent.html
You've been linking to some extremely questionable sources. Natural News is a known conspiracy and fake news website.
Stop fear-mongering.
Panic buying results in rows of empty store shelves in Hong Kong as residents become “preppers” ahead of coronavirus spread – NaturalNews.com https://www.naturalnews.com/2020-02-09-panic-buying-rows-of-empty-store-shelves-hong-kong-coronavirus.html
So I've been thinking about buying 2 months worth of Chef Boyardee.
Natural News, vanished from Facebook, calls tech CEOs “evil” https://www.fastcompany.com/90361870/natural-news-vanished-from-facebook-calls-tech-ceos-evil
8 months later, Zuckerberg, Dorsey and Cook are supporting Trump and deplatforming people victimized by Nazis.
I've never heard of Natural News until yesterday.
Mark Zuckerberg once served Jack Dorsey cold, hand-killed goat
https://www.smh.com.au/technology/mark-zuckerberg-once-served-jack-dorsey-cold-hand-killed-goat-20190124-p50tar.html
Quote: Gialmere
Wynn Resorts says it's losing 2.6 million dollars daily due to the Macau closures, an affordable amount for its bankroll.
Story at Las Vegas Sun
Wow! I didn't think it sounded like much but, if that number it's true, Wynn is grossing $949,000,000 a year in Macau. That's a lot of baccarat! No wonder they don't even blink at black chip players in Vegas.
Quote: ChumpChangeWho quarantines Vegas? The president, the governor, the mayor, or the CDC? Will they do it before hospitals are filled with tourists with pneumonia? Will they do it when the death toll reaches 10 in Vegas? Life could come at you fast.
I would guess if it happens it will come from Clark County authorities, on demand from the CDC. City officials don't have authority (or there is separate authority) for Paradise (the Strip), Henderson, North LV, or Summerton, but I think all are within CC, as are outliers like South Point and the M.
Quote: ChumpChange
So I've been thinking about buying 2 months worth of Chef Boyardee.
You might wish to check on the mortality rate from eating Chef Boyardee. for 2 months straight. Perhaps higher than Coronavirus.
Ssssh! The food bank people here might get ideas! I think the virus is a major disruption in certain concetrated areas but purely a finacial and social disruption further afield. It won't decimate Vegas.Quote: gordonm888You might wish to check on the mortality rate from eating Chef Boyardee. for 2 months straight. Perhaps higher than Coronavirus.
Just in time is a huge flaw.Quote: ChumpChangeActual Panic:
Panic buying results in rows of empty store shelves in Hong Kong as residents become “preppers” ahead of coronavirus spread – NaturalNews.com https://www.naturalnews.com/2020-02-09-panic-buying-rows-of-empty-store-shelves-hong-kong-coronavirus.html
So I've been thinking about buying 2 months worth of Chef Boyardee.
Natural News, vanished from Facebook, calls tech CEOs “evil” https://www.fastcompany.com/90361870/natural-news-vanished-from-facebook-calls-tech-ceos-evil
8 months later, Zuckerberg, Dorsey and Cook are supporting Trump and deplatforming people victimized by Nazis.
I've never heard of Natural News until yesterday.
Mark Zuckerberg once served Jack Dorsey cold, hand-killed goat
https://www.smh.com.au/technology/mark-zuckerberg-once-served-jack-dorsey-cold-hand-killed-goat-20190124-p50tar.html
Quote: GialmereQuote: Gialmere
Wynn Resorts says it's losing 2.6 million dollars daily due to the Macau closures, an affordable amount for its bankroll.
Story at Las Vegas Sun
Wow! I didn't think it sounded like much but, if that number it's true, Wynn is grossing $949,000,000 a year in Macau. That's a lot of baccarat! No wonder they don't even blink at black chip players in Vegas.
According to their own financial reporting, Wynn's revenue for 2018 was $6.72 billion.
=]Source
There has not been a new case of coronavirus in Macau for seven days.
On the mainland, the number of daily deaths has now topped 100.
Sands casinos has donated 500,000 surgical masks to the government.
The World Health Organization is fast-tracking drugs to slow the outbreak.
Many people (such as students) are stranded in Macau waiting for countries like South Korea and Taiwan to let them back in.
Gaming experts expect it to take at least three months to recover from the effects of the coronavirus and the closure of entertainment facilities mandated by the government last week.
I don't know if my information is old or not. , but I remember reading that casino employees have to be citizens of Macau. , so they need employees. And they're well-paid because of it. . They would lose more being open than closing with fatalities of employees. Plus the country of China doesn't need people to congregate from all over the country in one place, then return and spread the virus around. I only mention this, because the comment there has not been the virus in Macau in 7 days. There will be if people come there, and it will multiply in multiple locations and be unmanageable more than it is now. It must be a nightmare for the healthcare workers, I know it is. Suppose that's what a third world country needs to learn, there is danger to be had chasing dollars with no ethics and professionalism.Quote: GialmereSome updates:
There has not been a new case of coronavirus in Macau for seven days.
On the mainland, the number of daily deaths has now topped 100.
Sands casinos has donated 500,000 surgical masks to the government.
The World Health Organization is fast-tracking drugs to slow the outbreak.
Many people (such as students) are stranded in Macau waiting for countries like South Korea and Taiwan to let them back in.
Gaming experts expect it to take at least three months to recover from the effects of the coronavirus and the closure of entertainment facilities mandated by the government last week.
Edited: Voice to text errors
Coronavirus CDC coverup in NYS (6 cases) by Dr. Paul Cottrell - YouTube
https://www.youtube.com/watch?time_continue=1&v=ejULhB69zLs&feature=emb_logo
There were a few hundred Chinese students at University of Buffalo.
Quote: ChumpChangeBuffalo, NY area hospitals and first responders are under a Federal gag order about CoVID-19.
Coronavirus CDC coverup in NYS (6 cases) by Dr. Paul Cottrell - YouTube
https://www.youtube.com/watch?time_continue=1&v=ejULhB69zLs&feature=emb_logo
There were a few hundred Chinese students at University of Buffalo.
Bad timing for the virus spread to coincide with Chinese New Year. Lots of people overseas were home for the holiday, then went back wherever right before the borders closed.
Just seems unlikely that if there were 6 cases that this would be the only source that would be out there. The hospital and University of Buffalo have issued denials and are calling the claim a hoax. UB has a huge population of students from mainland China, supposedly over 1000.
Time will tell.....
Quote: Macau Daily TimesMacau casino operators have been told to reopen at the stroke of midnight Thursday unless they apply for a grace period considering themselves not ready to resume operations.
There are some special temporary rules to follow...
Quote: Macau Daily Times...they include a consensus on the need for thorough checks at all casino premises, the imposition of body-temperature checks at casino entrances, a requirement that all employees and patrons wear face masks and that the space between gaming tables be increased to prevent a large number of people from concentrating in a small area.
So, for now, it'll be like gambling in a hospital.
Full story at Macau Daily Times
The reason for this is obvious. As of yesterday, the number of tourists entering Macau on a daily basis is down a stunning 98%. Depending on how things fare on the mainland, analyst are now not expecting a full recovery until the third quarter.
Meanwhile, in my neck of the woods, I went to Walgreens yesterday and saw a large sign on the front door that I have never seen before in my life. It said...
WE ARE SOLD OUT OF SURGICAL MASKS!
My immediate thought was that people are wayyy overreacting to the coronavirus threat. Of course, if I were to actually die of Covid-19 in the next year, the thought would make an amusing inscription on my tombstone--something to give my loved ones a chuckle while they decorate my grave with flowers and surgical masks.
