Gaming stocks slammed as Chinese tourists to Macao plummet amid coronavirus fears [CNBC]
WYNN MACAU LTD UNSP/ADR (WYNMY)
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Source: CNBC
Hong Kong-listed gaming stocks took a beating on Wednesday as official data showed Chinese mainland visitor arrivals to Macao plummeting during the Lunar New Year holiday period. By Wednesday's market close, shares of Melco International Development dropped 5.18% while Wynn Macau declined 4.11%. Sands China also plummeted 5.57% while Galaxy Entertainment fell 5.17% and SJM Holdings slipped 3.59%. Mainland Chinese visitor arrivals to Macao during this year's Spring Festival Golden Week from Jan. 24 to 28 plunged 79.2% compared to last year's Golden Week holiday, according to provisional government data. Macao is a special administrative region of China and a major gambling hub in Asia. Visitors from mainland China make up the majority of Macao's tourists. The latest data comes as China battles to contain a coronavirus outbreak that has already infected more people than SARS in the country. Chinese health officials said confirmed on Wednesday that there are 5,974 confirmed cases, and th
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