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MGM Resorts CEO Bill Hornbuckle said this week that Macau “will forever be” the world’s richest casino market. MGM Resorts owns a controlling 56% stake in MGM China, which owns and operates two integrated resorts in the Chinese enclave.<\/p>\n<\/div>\n
Las Vegas Sands CEO Rob Goldstein agrees. Sands owns Sands China, the largest gaming operator in Macau.<\/p>\n
“I find it funny that people question Macau’s return. You got to basically hunker down and wait for it to turn,” Goldstein told CNBC<\/i>. He added that he expects the recovery to start late this year or in 2023.<\/p>\n
The recovery will come when either two things happen: COVID-19 somehow disappears, or China terminates its “zero COVID” policy that Macau has so far followed. “Zero COVID” mandates that cities go on lockdown or take drastic steps in response to new cases.<\/strong><\/p>\nIn Macau, the current lockdown is finally helping to slow the spread. Only 24 new cases were confirmed yesterday. Local authorities say the daily new caseload is declining amid the lockdown. But since the outbreak began last month, Macau has counted 1,644 infections.<\/p>\n","protected":false},"excerpt":{"rendered":"
A Macau man has been sentenced to five months in prison for violating the enclave’s emergency health directive. That rule is ordering people to stay put inside their residencies amid a COVID-19 outbreak in the Chinese Special Administrative Region (SAR). Macau’s Unitary Police Service revealed today that a man was observed smoking outside in public […]<\/p>\n","protected":false},"author":25,"featured_media":221220,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,81881],"tags":[],"acf":[],"yoast_head":"\n
Macau Man Sentenced to Five Months in Prison for Not Wearing Mask<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n