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Business trends

Casino losses mount as virus hits Asia's entertainment palaces

Betting on pent-up demand, billionaire resort operators keep to expansion plans

By remaining at full strength, Macau's casinos are well placed for when travel restrictions start to loosen. (Photo by Manda Yeung)

MANILA/HONG KONG -- For the last two months, Manila's Entertainment City -- where Las Vegas razzmatazz meets the coquettish glitz of the Philippines -- has had all the showiness of a ghost town.

Shut since mid-March to prevent the spread of the novel coronavirus, the roads surrounding Manila's four integrated casino resorts -- Bloomberry's Solaire, City of Dreams, Okada and Resorts World -- are empty.

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