Business
November 2, 2020
GVC: Second Lockdown Will Have £34M Impact on Business
Sports betting and online gaming companies in the UK are bracing for a second impact from the national restrictions seeking to flatten the curve of new daily coronavirus cases. GVC Holdings, the owner of Ladbrokes high-street betting shops estimates the impact on the business from the second lockdown in England to be around £34million, in […]
Casino
July 23, 2020
LVS: Second Quarter Net Loss of Nearly $1B
Las Vegas Sands (LVS) issued its second quarter financial results Wednesday, giving investors a taste of what the material impact of the ongoing health crisis onto the largest casino operators was. LVS posted a net loss of $985 million for the three months ending June 30, a huge drop from the more than $1.1 billion […]
Casino
July 6, 2020
Morgan Stanley: Macau Casinos Face Worst Ever Quarter Results
The financial results from the second quarter of 2020 for the Macau casinos are yet to be announced but Morgan Stanley already painted a picture of doom and gloom, estimating the industry is on course for more than $1 billion loss in Q2. June Casino Revenue Down Last week the Gaming Inspection and Coordination Bureau, […]
Casino
April 19, 2020
Nevada Casinos Lose Millions of Revenues Daily During Closure
While casinos are closed to support the effort to contain the further spread of the coronavirus, the question how much exactly is being lost, especially in Nevada, arises. Gaming Revenue Provides an Insight Considering the official data from the Gaming Control Board, the state gaming regulatory body, casinos lose daily in the range between $42,000 […]
Casino
April 10, 2020
Two-Week Casino Closure Cost Native American Tribes $1.5B
Tribal casinos lost more than $1.5 billion in gaming and non-gaming revenues for the first two weeks of the casino closure, claims a report from Meister Economic Consulting. The impact of the widely adopted measures to mitigate and contain the spread of the coronavirus has been felt deeply within the gaming and hospitality industries. Causing […]