Typhoon Khanun, which passed south of Macau on Sunday, is likely to have dampened demand for casino gambling in the city that day.
The typhoon’s proximity led to Tropical Cyclone Warning Signal No.8 being in place from 10am until approximately 9pm that day, according to the local authorities.
The No.8 Signal is enough to trigger the cancellation of road, air and ferry transport to and from Macau. The majority of Macau’s tourism arrivals come from either mainland China or Hong Kong, according to local government data.
A Sunday press release from the Macau government said the city’s Chief Executive, Fernando Chui Sai On, had convened a meeting that day of Macau’s Civil Protection Action Centre, to be briefed on government response measures to the event.
A small amount of flooding was reported near the Inner Harbour area of the peninsula, but nothing like the scale of Typhoon Hato, the worst such weather event in 53 years, which struck the city on August 23. It caused widespread damage, led to the deaths of 10 people, and severely disrupted the city’s casino operations.
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”Many investors cite Golden Week as a catalyst to significant, sustainable visitation increases and a showcase for profitability for many casinos [in Macau]... However… we are concerned recovery estimates may again be pushed back”
Analyst at Roth Capital Partners