Bernstein analyst Vitaly Umansky notes that the Macau government will be shutting down the casinos for a minimum of "half a month." With casinos already closing restaurants and other services over the past several days in light of tepid customer visitation, shutting down all operations would be easier and potentially allow for slightly more cost savings, he contends. Whatever the details of the temporary shutdown are, the analyst believes Q1 is "obviously going to show awful results." Assuming only a 2-week shutdown followed by some soft business resuming in late February and March, Q1 could show GGR year over year decline of 50%, he adds. Nonetheless, at this stage Umansky sees Macau having a "solid" recovery in the second half of the year, with recovery contingent on the contagion being brought under control and travel into Macau resuming, and China's economy not faltering materially and reducing customer confidence. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO).