(Macau News) The Macau SAR government announced that it will continue to suspend almost all of the unnecessary industrial and commercial activities including casinos.It will enter the "Zero Zero Phase".
Macau began to stop the city a week to 00:00 on July 11th. According to the China News Agency, Zhang Yongchun, director of the Macau Administrative Law Department, said at a press conference on Saturday (July 16), "Relatively static "" prevention measures for epidemic prevention have reduced the number of positive infections in Macau and social cases. After comprehensive consideration, the SAR Government decided to extend the measures for five days to 00:00 on July 23, and continued to suspend all companies and venues engaged in industrial and commercial activities.The operation of the operation, but the company or place required to maintain the operation of society and the need for residential life is not affected.
According to Bloomberg, the Australian government also announced another 10 billion yuan (S $ 1.731 billion) as an expense of the epidemic and inclusive assistance measures for people affected by the epidemic.
The Macau Saturday Report added 31 cases of crown diseases, compared with the 71 new infection cases reported on the day of the market on Saturday (July 9), it was more than halved.Ouyang Yu, director of the Macau Social and Cultural Department, said at a press conference that the prevention and control of the epidemic in this round of epidemic has achieved preliminary results. In the next week, it will enter the "clear zero period" and will continue to adopt intensive national nucleic acid testing and key population nucleic acid testing.And the national antigen testing measures, continue to strengthen people with high risk.
The total number of cases from Macau has increased to 1706 cases since June 18.Although the number is not high in terms of global standards, it is the most serious wave of epidemic in this city with only 680,000 residents.
Morning Star Analyst Jennifer Song (transliteration) said that the Macau casino may miss the entire summer tourist season due to stopping market measures, because mainland China usually regulates the normal customs clearance after two weeks of clearing two weeks.
She believes that the most affected will be the liquidity of gaming operators. "If this situation of almost zero income continues, some of which can only be supported for a few months."
JP Morgan Chase analyst also estimates that in the second quarter, the Macau gaming industry burned $ 20 million a day (S $ 27.99 million). In the worst case, most operators could only survive for nine months to two years.
The Macau gaming industry contributed 80 % of the government's fiscal revenue and provided one -third of the local employment.
