Gialmere
Gialmere
Joined: Nov 26, 2018
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February 4th, 2020 at 11:48:19 PM permalink
Macau had a dismal 2019. Revenue was way down for reasons ranging from a trade war with the United States to violent political unrest in Hong Kong ... but the casinos stayed open. (In the early days of WWII, even approaching German artillery fire couldn't stop the clatter of the roulette wheels in Monte Carlo.) But Macau might now be looking back on 2019 as the good old days of prosperity. In order to help stop the spread of the coronavirus the government has ordered all casinos to close for the next fifteen days, maybe longer.

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).

Have you tried 22 tonight? I said 22.
TigerWu
TigerWu
Joined: May 23, 2016
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February 5th, 2020 at 8:12:21 AM permalink
The 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.
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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February 5th, 2020 at 10:25:50 AM permalink
Quote: TigerWu

The 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?
Simplicity is the ultimate sophistication - Leonardo da Vinci
DRich
DRich
Joined: Jul 6, 2012
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February 5th, 2020 at 10:38:55 AM permalink
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.
Living longer does not always infer +EV
AZDuffman
AZDuffman
Joined: Nov 2, 2009
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February 5th, 2020 at 10:49:15 AM permalink
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.
All animals are equal, but some are more equal than others
PokerGrinder
PokerGrinder
Joined: Apr 30, 2015
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Thanks for this post from:
Chuckleberry
February 5th, 2020 at 10:54:50 AM permalink
The article I read said that all 6 major casino operators will still be paying all staff during the 15 days off.

In other news my trip to Asia is officially cancelled. My flights were cancelled today and my hotel in Macau also cancelled. Iím in the process of cancelling my hostels for Taiwan and the Philippines. Iím not sure if Iím 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 Iíll count my blessings.
You can shear a sheep a hundred times, but you can skin it only once. ó Amarillo Slim Preston
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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February 5th, 2020 at 11:30:02 AM permalink
Quote: PokerGrinder

... Iím not sure if Iím 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 Iíll 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.
Simplicity is the ultimate sophistication - Leonardo da Vinci
rxwine
rxwine
Joined: Feb 28, 2010
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February 5th, 2020 at 11:30:31 AM permalink
I havenít heard any predictions of how long this will last, but developing a vaccine would really help.
Quasimodo? Does that name ring a bell?
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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February 5th, 2020 at 10:11:08 PM permalink
Macau 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.
Last edited by: ChumpChange on Feb 5, 2020
PokerGrinder
PokerGrinder
Joined: Apr 30, 2015
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February 5th, 2020 at 10:19:44 PM permalink
Quote: Ayecarumba

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.


I did some legwork today and looks like Iíll definitely get a full cash refund for my flight from Macau to Taiwan but the other two are most definitely lost.
You can shear a sheep a hundred times, but you can skin it only once. ó Amarillo Slim Preston

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