Macao's Casino Stocks Still Have a Lot to Lose As Coronavirus Spreads
If there's one industry where investors may still be underestimating the impact of the coronavirus right now it's casino companies with exposure to Macao. Most of the region's revenue comes from travelers who visit from mainland China or through Hong Kong, two areas where the coronavirus has already led to a reduction in travel.
That fear led to a 15-day shutdown of Macao's hotels earlier this month, which was praised by most in the casino industry. But visitors may not return quickly, and it could be a huge drag on earnings and casino stocks throughout 2020.
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Source Fool.com
