Macao closed all its casinos
This is the first time since 2002 that all casinos in Macau have been closed.
On Saturday, September 15th, all casinos in Macau were forced to temporarily close their doors to ensure the safety of customers, employees, and residents, and to protect them from the dangers of Typhoon Mangkhut. On Monday, the casinos were then reopened.
The first time since 2002
Macau has far outpaced Las Vegas and has been the largest gambling capital for several years. Since 2002, this is the first time that all casinos in the area have had to close their doors.
Impact on Macau not as bad as expected
In the end, Typhoon Mangkhut was not as devastating as expected. According to the news, Macau was less affected by the typhoon than the Philippines, where at least 64 people have died. In Macau, the typhoon caused some floods and 20,000 households had no electricity for some time. This was in contrast to last year's Typhoon Hato, which suffered far worse damage and deaths.
Negative impact on the estimate of sales
Original sales estimates for the current month dropped from +15% down to between +8% and +9%.
The closure of all casinos in Macau has now resulted in revised estimates of sales. Many analysts now predict that sales for the month of September will only increase by 8% to 9%, although a 15% increase was predicted before the typhoon.
Of course it is an inconvenience for casinos to close their doors and not to mention detrimental to their business. This cannot happen in online casinos such as Tropezia Palace, Lucky31 or Cheri Casino.