The global economic impact of the new coronavirus (COVID-19) and COVID-19, as well as individual business and industry have been significant. The gambling industry in Macau is not an exception and casinos have been closed for more than two months starting in February 20th, 2020.
1. Are Macau following an “dynamic zeroCOVID policy?”
” Dynamic zeroCOVID policy “dynamic zeroCOVID” strategy is one that Macau is following for the purpose of preventing COVID-19 virus from expanding. This also involves the blocking of some areas including Shanghai Disney. The purpose of this policy is to prevent people from coming across one another or from congregating in massive groupings.
2. Why is it that Macau’s casinos are waiting for a response from the federal government regarding the their new licences?
Many businesses feel the impact of coronavirus that is spreading across China. Casino operators operating in Macau are among the ones that are affected by this virus. They’re waiting to hear from the authorities on whether they will be granted the new licences. The spread of the virus was first noticed in the city Wuhan situated within central China. Since then, it’s taken over other parts of the country, which includes the Special Administrative Region of Macau. As a result of the outbreak, several enterprises in the area have had to close which includes all casinos. The closing of casinos have had an enormous impact on the economy of Macau. Many people have felt the impact of the reduction in revenues for the gaming industry, which plays a key role in Macau’s GDP.
The novel coronavirus continues to bring about widespread destruction and deaths all over the world, with an end date in sight. The majority of businesses have to shut down while authorities attempt to trace the contact information of infected people. In some cases, a weekend in the park could transform into a nightmare that can end the life of those around you. It is now a global epidemic.