Virus exposes China risks

MACAU - AUGUST 1, 2012:view on downtown street on August 1, 2012 in Macau, China. Macau features a strong tourism industry based on gambling and is visited by over 25 million people every year

The Covid-19 outbreak has highlighted once again how one of the biggest draws for casino investors in Asia can become the largest liability. Operators and tourism authorities across the region have become increasingly reliant on the big spending Chinese outbound traveller. Some 170 million people travelled outside the country last year, swelling the coffers of IRs across Asia. Therefore, the impact of the lockdown of several Chinese provinces and the travel bans imposed by authorities around the globe is not going to make for pretty reading once operators begin releasing their financial reports. We already know that Macau, which . . . This content is restricted to subscribers

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