SJMHY - Macau casino stocks could be impacted by new COVID deaths in Shanghai

Macau casino stocks are on watch again this week with investors looking to see how far the zero-tolerance policy in China can extend. The government in Shanghai has reportedly set a new target of zero cases at the community level by April 20, which means no new cases outside of quarantined zones. That may be a tough standard after 23,643 new local infections Shanghai were reported for April 16, of which 722 were from outside the quarantined areas. The city also reported 19,831 new daily asymptomatic COVID-19 cases on April 17, as well as three deaths to mark the first fatalities during the current COVID outbreak in the region. Separately, local authorities in Zhengzhou placed some areas in the Zhengzhou Airport Economy Zone under quarantine. Jefferies analyst David Katz noted that the Macau near-term remains bleak due to the Shanghai Lockdown. Katz' breakdown on Las Vegas Sands (LVS) and Wynn

For further details see:

Macau casino stocks could be impacted by new COVID deaths in Shanghai