Coronavirus Risk on Wynn Resorts in Macao Is Rising
Wynn Resorts (NASDAQ: WYNN) woes in China may get worse beyond the forced 15-day closure of Macao's casinos and the resulting plunge in gaming revenue that followed the coronavirus outbreak.
Regulators for the gambling enclave warned gaming companies and affiliated operators they should maintain staffing levels throughout the downturn because "maintaining social responsibility is one of the priorities of the Macau SAR Government." That means keeping a stable labor force is of utmost importance.
Image source: Getty Images.
Source Fool.com
