The city’s Game Concessionaire stock price fell during a session on the Hong Kong Stock Exchange today (Monday). This is the first day the city has stopped non-essential activities such as casinos.
The worst affected company was Melco International Development Limited, whose shares fell 7.13 percent, while Wynn Macau Limited shares fell 6.68 percent and Sociedade de Jogos de Macau (SJM) Holdings Limited shares fell. did. 6.65 percent.
SJM operates the Grand Lisboa Casino. The casino has been closed internally by about 500 employees and guests since July 5th due to the outbreak of covid-19.
Galaxy Entertainment Group Limited’s share price also fell 4.93 percent in today’s session, while MGM China Holdings Limited fell 5.36 percent.
Macau was closed and all non-mandatory commercial activities until July 18th, including the casino, also imposed compulsory use of KN95 or “higher standards” masks.
According to the Chief Executive Officer’s order, entities that “provide essential public services” such as water, electricity and public transport supplies are excluded from the new measures.
Markets, supermarkets, pharmacies, medical institutions and restaurants are also exceptions to the new rules.
“Everyone must be at home, except for the work they need, the purchase of basic merchandise for everyday life, or other urgent reasons,” the order also states.
Violations of these rules can be punished with imprisonment of up to 2 years or a fine of up to 240 days.
On Sunday, four rounds of a new series of large-scale population tests began to control the current outbreak of covid-19, leaving two dead and more than 1,500 infected.
In this new round, the total number of large tests will be 10 in a month.
The population is also obliged to perform daily antigen testing and upload images containing the results to the “online” platform.
Thousands of people are isolated in hotels, parts of the city are isolated, and the number is increasing day by day.
Authorities emphasized that they would follow Beijing’s policy in the Zero case, but they are currently away from the general confinement scenario, which is the usual practice within China.