Paradise City in Incheon has been hit by a Covid-19 case among a staff member, forcing the facility to shut down on September 1 for several days while emergency disinfection measures are carried out.
The infected worker was a chef at a Chinese restaurant within the facility, but did not have interactions with customers. The investigation by the authorities also found that there were no lapses in Paradise City’s infection protection measures.
All of the staff of the Chinese restaurant have been put in mandatory quarantine and about 350 other employees are being tested.
It is expected that Paradise City will be permitted to reopen on Thursday afternoon.
Nevertheless, the economic damage from the pandemic has already been impacting Paradise City gravely, seeing its hotel reservation rate fall from around 100 percent to about 15 percent. This episode may drive that figure even lower.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Analysts have turned more upbeat about the prospects for Malaysia’s gambling operators, despite a recent upswing in new Covid-19 cases, saying the sector is good value as stocks are still down between 15 to 26 percent on the prior year.
Frederic Jean-Marie Winckler, executive vice president and chief creative and brand officer of Melco Resorts & Entertainment, talks with Michael Penn, executive editor of AGB Nippon, about the future of the luxury market in Macau and beyond. Among the topics addressed are the growing importance of digitization and the direction of luxury trends within the premium mass segment.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.