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Macao gaming shares tumble as COVID outbreak shuts casinos

Over 30 venues will stay closed for a week; residents ordered to stay home

Macao has recorded around 1,500 COVID-19 infections since mid-June. Around 19,000 people are currently in mandatory quarantine.   © Reuters

HONG KONG -- Macao gaming shares dropped Monday after the city said it was closing all of its casinos for the first time in more than two years as it battles its worst COVID-19 outbreak.

Sands China led the fall, tumbling 8.15% to finish at HK$17.14 ($2.18), while Melco International dropped 7.13% at HK$5.21 and Wynn Macau closed 6.68% lower at HK$4.89.

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