Macau storm closures lifted (update)

News on 17 Sep 2018

In the early hours of Monday morning local time the Macau authorities lifted the temporary closure orders on the gambling hub’s casinos as Typhoon Mangkhut moved away with some flooding but less damage than had been anticipated.

On Saturday night, the government shut down all casinos in the city in order to protect the safety of casino employees, visitors and residents of Macau as the giant storm system approached. It was the first time casinos had shut down since concessions were granted in 2002.

Other impacts on the island included over 150 cancelled flights, but mercifully human casualties appear to have been light in initial reports, and utility outages were minimal.

In early estimates, industry analysts said they expected September growth in GGR will likely contract from earlier forecasts of 14.7 percent to around 7.7 to 9.3 percent, while Q3-2018 growth has been revised down to 12 percent, down from 14 percent.

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