Tokyo Disneyland to close through mid-March on coronavirus concerns

Tokyo Disneyland to close through mid-March on coronavirus concerns

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The Walt Disney Co. figures Mickey Mouse, entrance left, and Minnie Mouse conduct in front of the Cinderella Castle in the course of an function named ‘Disney Natsu Matsuri’ at Tokyo Disneyland, operated by Oriental Land Co., in Urayasu, Chiba Prefecture, Japan

Tomhiro Ohsumi | Bloomberg | Getty Photos

Tokyo Disneyland will be shut from Saturday to March 15 due to fears about coronavirus bacterial infections spreading in Japan, its operator reported on Friday, leaving all of Walt Disney’s concept parks in Asia quickly shut.

Equally Tokyo Disneyland and DisneySea will be closed soon after a federal government advice that large gatherings and situations be curtailed for two weeks, park operator Oriental Land Co. mentioned.

“We program to reopen on March 16, but we will make an announcement just after retaining shut get in touch with with suitable institutions,” Oriental Land claimed on its website, including that it would notify ticket holders of refund policies.

Osaka-centered topic park Universal Studios Japan also stated it was closing down in the course of the identical interval.

The bulletins also appear a day right after Prime Minister Shinzo Abe known as for all colleges to be shut down right until the new educational calendar year commences in early April.

Oriental Land shares shut up .66% on Friday, with buyers getting priced in the closures previously following a slide of above 17 per cent considering the fact that the get started of the 12 months.

Disney’s Shanghai and Hong Kong topic parks continue being closed for far more than a month, and the organization before this month warned of a destructive impression on its second-quarter final results.

It said on an earnings get in touch with on Feb. 5 that closure of the Shanghai park could effects operating earnings by about $135 million if shut for 2 months.

Discosure: Comcast’s NBCUniversal is mum or dad of Universal Studios Japan and CNBC.

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