Macau Casino Stocks Plunge as China Covid Spike Tightens Rules


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Macau Casino Stocks Plunge as China Covid-19 Spike Tightens Travel Rules Posted on: March 14, 2022, 08:59h. Last updated on: March 14, 2022, 01:12h. Macau Health authorities said Monday visitors from neighboring Guangdong province will have to serve seven days quarantine on entering the gambling hub. That’s amidst the worst spike in COVID-19 cases since China clamped down on the pandemic in early 2020. Shares in SJM Holdings plunged 12.3% at the close of trading in Hong Kong Monday. Sands China was down 11.6%, while Melco dropped 11.5%. Shares in Galaxy Entertainment were down 5 %. On Sunday, Beijing placed...