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.