Gambling activities account for 60% of global gambling revenues have been subject to restriction or shutdown since the start of 2020, as part of measures to halt the spread of the COVID-19 virus.
Cambodian casino operator NagaCorp has issued an upbeat statement amidst all the gloomy news for the global casino sector. NagaCorp made the statement after the government required casinos to close their doors from 1 April 2020 until further notice.
Visitors to South Korea fell by 43% in the month of February 2020, with just 685,000 arrivals.
Macau’s gaming revenues have fallen by 60% in the first quarter of 2020, as travel restrictions and quarantine lockdowns continue to be imposed in the region to combat the COVID-19 virus.
Singapore’s visitor arrival data clearly highlight the impact of the COVID-19 virus on international travel in recent months.
Measures taken to halt the spread of the COVID-19 virus in Q1 2020 have now caused the shutdown of gambling markets totalling more than 50% of global gambling revenues.
Looking back, there are no events that the betting sector has faced of the magnitude of the COVID-19 virus. The only one even vaguely comparable in modern times is the “Big Freeze” of 1978.
Gambling jurisdictions with combined revenues equating to around 35% of total global gambling have been shutdown in the first quarter of 2020, as part of attempts to halts the spread of COVID-19.
Players of the Euromillions lottery could win a jackpot of a quarter of a billion Euros, under changes to the game structure made in February 2020.
The virus COVID-19 has now transcended everything else, be it Brexit, a UK trade deal with the USA, the election of a President in the USA, and the continuing problems in the Middle East.