Las Vegas Sands COO Rob Goldstein said on Wednesday that he was concerned the casino closure in Macau could last longer than fifteen days.
“It’s a scary time for all of us,” said Goldstein to members of the state Gaming Control Board last week. The meeting was unrelated to the coronavirus.
“It could be two weeks, it could be two months,” he said.
Goldstein said the Macau chief executive has been supportive of reopening the resorts as soon as possible.
“He (Ho Iat-Seng) has made it clear that he will not be able to make a decision until he gets a further understanding of the virus and its severity in Asia.”
“So far, we’ve had very positive feedback,” Goldstein said. “(He’s) pro-business and we’re hoping under his direction we can get the borders open sometime in the first quarter, but there’s no way to know.”
LVS gaming resort in Singapore has also been feeling pain from the outbreak, with the city-state closing its borders to Chinese nationals since the end of January.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
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.