Casino
April 13, 2020
Nomura Predicts Macau GGR Slowly Returning to 2019 Highs, Not Until 2022 Though
The casino gaming industry suffered its first major blow in February, when a major casino jurisdiction, Macau, was forced to shut down operations for 2 weeks to contain the spreading like wildfire coronavirus in mainland China. Since then, casinos started recovering but getting back to the state where they were before the virus crisis struck […]
Business
March 2, 2020
H2: Global Gambling Market Braces For Coronavirus Negative Impact
The global outbreak of the novel coronavirus /Covid-19/ is expected to bring the gambling revenue to 2018 levels in the optimistic, or worse, to 2017 levels in the pessimistic scenario, H2 Gambling Capital, the gambling industry data specialist company suggests. Global Decline Forecast A decline of up to 8% in gross global gambling revenue in […]
Casino
February 20, 2020
Gamblers Missing in Action as Macau Casinos Reopen
A little over a fortnight ago, casino in the Chinese territory of Macau closed shop in a bid to give room and time for efforts to combat the recent Covid-19 coronavirus outbreak. The 15-day mandatory shutdown period finally came to an end and some 29 gambling facilities moved to quietly reopen their doors. Unsurprisingly, not […]
Casino
February 11, 2020
Macau Gaming Operators Donate $25m to Coronavirus Relief Efforts
Macau’s gambling companies have vowed between $2.5 and $3.8 million for the sum total of $25 million to help with medical supplies and the relief efforts in the spread of the coronavirus. Coronavirus Threat Continues to Spread Prompting Casinos to Donate With the Macau gaming industry taking a hit last week when the administrative region’s […]
Casino
February 4, 2020
Macau Shuts Down Casino Industry for 14 Days as Coronavirus Spreads
As coronavirus rate of infection and death toll continues to climb, Macau’s officials have suspended the gaming industry for at least two weeks as the world steps up its efforts to bring the outbreak under control. Macau Shuts Down Casino Industry Amid Coronavirus Fears On Tuesday, Macau’s officials have called for the closure of the […]
Casino
February 2, 2020
Macau’s Gross Gaming Revenue Dropped 11.3% in January, 2020
Amid rapidly falling visits to Macau, the casino sector stands to lose up to $2 billion in cash flow. Meanwhile, GGR in January has already dropped by 11.3%. Coronavirus Continues to Slow Down Casino’s Results in Macau The coronavirus outbreak in China will continue to take a toll on Macau’s gross gaming revenue (GGR), which […]
Casino
January 28, 2020
Casinos’ Stock Continues to Fall as China Battles Coronavirus
The deadly new strain of pneumonia known as coronavirus has already claimed the lives of 106 people and counting. Amid the spread of the disease, casino companies have also suffered from a historic drop in visitations to Macau and share price decline. Coronavirus’ Spreading Causes Casino Shares to Fall Again Amid China’s efforts to contain […]
Casino
January 24, 2020
Coronavirus Prompts Macau to Issue Warnings to Casino Operators
As Macau continues to monitor the coronavirus outbreak, U.S. operators who own properties in the gaming hub have said they will be willing to shut down their operations temporarily to help fight the spread of the pathogen. Operators Ready to Shut Down in Macau to Curb Threat of Coronavirus Several U.S. casino operators have confirmed […]