Casinos in Macao remain closed due to the coronavirus outbreak. Wynn Resorts says it's losing $2.4 to $2.6 million a day
Hong Kong Wynn Resorts is losing millions of dollars per day as casinos in Macao remain closed over the deadly coronavirus outbreak.
CEO Matt Maddox disclosed the costs on the company's earnings call Thursday, saying that"while the casino is closed, our operating expense burn rate is roughly $2.4 to $2.6 million a day." The company employs 12,200 people in Macao.Macao has at least 10 confirmed cases of the coronavirus, which has killed at least 630 people and infected more than 31,400, mainly in China.
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