About: http://data.cimple.eu/news-article/d170947710fabd255e333a59e048d30b0ce55f90acdb237d5e6a0cf4

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/d170947710fabd255e333a59e048d30b0ce55f90acdb237d5e6a0cf4 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Macau's gaming revenue was virtually wiped out in April as casinos suffered their worst month on record owing to measures put in place to prevent the spread of coronavirus in the tourist-dependent city. Figures from the Gaming Inspection and Coordination Bureau showed gross gaming revenue of 754 million patacas ($95 million) last month -- a drop of 97 percent from the $3 billion raked in during the same period last year. The former Portuguese colony shuttered all its casinos for two weeks in February as the virus burst out of central China but while they have since reopened, anti-virus measures still mean mainland visitors cannot enter the city, leaving casino tables devoid of gamblers. Some of the big operators are haemorrhaging millions a day in operation costs. But unlike many global businesses taking a hit during the global crisis, Macau's major casinos are well positioned to weather the current maelstrom as they sit on huge piles of cash from the boom times. And unlike many Las Vegas operators, they do not have sizeable debt piles. In a client note from early April, JPMorgan Chase analyst DS Kim said operators "have ample liquidity to survive this unprecedented period of 'near-zero revenue' for over a year", Bloomberg News reported. Galaxy Entertainment, for example, ended 2019 with $6.8 billion in cash reserves. But the colossal drop will hit Macau's government hard as it draws as much as 80 percent of its revenue from the gaming sector. Many analysts expect Macau's fortunes to rebound in the early summer if travel restrictions are lifted and share prices have risen from their near four-year low back in March. The gambling hub made impressive strides against the coronavirus outbreak and has not discovered any new cases for the past 20 days. Neighbouring Hong Kong has also not reported a new case for the five days. jta/dan
schema:headline	Macau's casino takings almost wiped out by pandemic impact
schema:mentions	Antivirus software JPMorgan Chase Bloomberg News Las Vegas Strip Colony Kim Kardashian Casino Hong Kong City Federal Bureau of Investigation Pandemic Portugal China Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Macanese pataca Gambling in Macau Nintendo DS Galaxy Entertainment Group Early Summer Macau Jewish Telegraphic Agency Market liquidity
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-01 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software