Casino operators fall as Macau's gaming revenues plunge 80% in March

SJM Holdings

01/04/2020 13:09

** Shares in casino operators fall premarket after gambling
revenue in Macau plunged 79.7% in March hit by lack of visitors
after the world's biggest casino hub ratcheted up curbs to
battle the coronavirus pandemic  urn:newsml:reuters.com:*:nL4N2BP1I1
    ** The March figure was in line with analyst expectations
for a drop of about 80% to 82%
    ** MGM Resorts  MGM.N  tumbles 5.8%, while Las Vegas Sands
 LVS.N  and Wynn Resorts  WYNN.O  fell ~4% each      
    ** Operators Wynn Macau  1128.HK , Sands China  1928.HK ,
MGM China  2282.HK , Melco Resorts  MLCO.O , SJM Holdings
 0880.HK  and Galaxy Entertainment  0027.HK  are all bleeding
between $1.5 mln and $4 mln a day to keep their properties
running  urn:newsml:reuters.com:*:nL4N2BP2DJ
    ** The S&P 500 casinos and gaming index  .SPLRCCCGL  has
lost 51.3% YTD

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((Shreyashi.Sanyal@thomsonreuters.com))