How has the coronavirus affected the global gambling industry?
The coronavirus has had a serious impact on all countries. Its active distribution began at the end of 2019 in China. The problem quickly took on a planetary scale.
From the first days of the announcement of quarantine in many countries, the service sector, namely the gambling business, began to suffer.
Macau: "the first bell"
In Macau, the gambling business suffered its first significant losses. The land-based casinos were closed for several weeks (starting on February 4, 2020), and all due to the detection of the virus in three local residents.
Even before the announcement of the closure of gambling establishments, analysts of the American company calculated that a two-week quarantine in the Macau gambling market would lead to a 50% decrease in the revenue index in the first quarter of the 20th year. In other sources, the figure was 75%.
As a result, the Macau gambling market was in quarantine for several weeks. This was enough to undermine the performance of financial operators. The pandemic continues to rage, which means that the situation will not improve in the near future.
"The invulnerable Philippines"
Philippine gambling establishments have not been quarantined. However, one should not forget about the weakness of this country - offshore gambling operators. A lot of scandalous events are associated with them, as well as the fact that labor resources are attracted from China. The local authorities have organized coronavirus tests especially for people arriving from China. Everyone understood perfectly what the results would be for those who passed the test in this situation.
Interestingly, in one of the latest reports from the Philippine Amusement and Gaming Corporation, it was said about an increase in the profitability of the gambling markets in the 20th year. This is strange, because even before the outbreak of the worldwide epidemic, there was no such optimism among the Filipinos.
Italy is a hotbed of coronavirus in Europe
Italy became the first country in Europe where COVID-19 has shown its full potential. At one point, the life of the state stopped. People moved around the cities only in two cases: to go to the hospital, or on work issues. All objects of the service sector, including the gambling industry, were quarantined until April 3. Gambling was supported only by the ability to work online.
What's in Eastern Europe?
The countries of Eastern Europe are home to the largest number of bettors. During the pandemic, most countries began to close ground betting points and go online. But there were also exceptions. For example, in Georgia, separate casinos and some other gambling facilities operated. But their income from this business, according to the latest data, still fell significantly.