Tag Archives coronavirus

Coronavirus consequences see IGT post a second-quarter loss of $94 million

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British lottery and gaming machines innovator International Game Technology (IGT) reportedly recorded an overall loss of $94 million for the second quarter of the year owing to a downturn in business caused by the ongoing coronavirus pandemic. According to a report from Inside Asian Gaming, the London-headquartered firm saw its adjusted company-wide earnings before ...

ICE London 2021 rescheduled due to coronavirus concerns

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In the United Kingdom and international events organizer Clarion Gaming has reportedly announced that next year’s edition of its ICE London exhibition has been postponed by some eleven weeks due to concerns over the ongoing coronavirus pandemic. According to a Thursday report from Inside Asian Gaming, the 31st edition of the annual three-day extravaganza ...

Economic fallout from coronavirus leads to thousands of casino layoffs in Louisiana

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In Louisiana, the economic fallout of the coronavirus pandemic has led to more job losses in the gambling industry, with Penn National Gaming announcing plans that include laying off nearly 1,150 workers at four of the southeastern U.S. state’s casinos in August. The Associated Press reports that approximately 161 L’Auberge Casino Hotel Baton Rouge ...

Opening of new Philippines integrated casino resort to be delayed by coronavirus

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In the Philippines and the billionaire boss of Bloomberry Resorts Corporation has reportedly announced that his firm’s plan to open a Quezon City integrated casino resort may have been delayed by up to a year due to the coronavirus pandemic. According to a report from GGRAsia, Enrique Razon (pictured) serves as Chairman and Chief ...

Light at the end of the coronavirus tunnel for pair of Singapore casino resorts

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After being completely shuttered a little over ten weeks ago due to the coronavirus pandemic and the two giant integrated casino resorts in Singapore have now reportedly announced that are to begin re-opening some of their amenities from tomorrow. According to a report from GGRAsia, the city-state’s Resorts World Sentosa and Marina Bay Sands ...

Resorts World Genting re-opening its casinos following coronavirus closures

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Asian casino operator Genting Malaysia Berhad has reportedly announced that it will be partially resuming gambling entertainment within its Resorts World Genting development from tomorrow following an over 13-week coronavirus-related shutdown. According to a report from GGRAsia, the Kuala Lumpur-listed firm detailed that members of its Genting Rewards loyalty scheme will be able to ...

Louisiana gaming industry counting the cost of coronavirus lockdown

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The gaming industry in the southern American state of Louisiana reportedly lost revenues worth approximately $440 million in March and April due to being completely shuttered as a result of the coronavirus pandemic. According to a Thursday report from The Daily Advertiser newspaper, this figure came from the Gaming Enforcement Division of the Louisiana ...

GVC Holdings set to implement coronavirus lockdown emergence plan

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In the United Kingdom and prominent high street bookmaker GVC Holdings has announced the formulation of a ‘comprehensive plan’ that it believes will soon allow its shops to begin emerging from their coronavirus-related lockdowns. The London-listed firm is responsible for approximately 3,500 such venues nationwide via its 2018 acquisition of Ladbrokes Coral Group and it ...

New Zealand casinos do away with coronavirus social distancing safeguards

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In New Zealand and local casino operator SkyCity Entertainment Group Limited has announced that its trio of gambling-friendly facilities have been fully re-opened with no coronavirus-related social distancing protocols. The Wellington and Sydney-listed firm used an official filing to detail that it made the move after the government of New Zealand lowered its four-tier ...

Louisiana’s loses first casino due to coronavirus impact: sees flood of casino re-openings

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While around the state of Louisiana casinos are reopening on Monday, May 18, 2020, under strict new guidelines and regulations established by the Louisiana Gaming Control Board, DiamondJacks Casino & Hotel in Bossier City announced Friday that it would be closing its doors for good “due to business circumstances caused by the unexpected impact ...

Macau being advised to look towards iGaming for coronavirus relief

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In Macau and a prominent local academic has reportedly suggested that the enclave could help to mitigate some of the adverse consequences of the recent coronavirus pandemic by legalizing online gambling. According to a report from Inside Asian Gaming, Zhonglu Zeng is a professor at the Macao Polytechnic Institute’s Gaming Teaching and Research Centre ...

Paradise Company Limited re-opens casinos following coronavirus closures

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South Korean casino operator Paradise Company Limited has reportedly announced that its four domestic venues have just been re-opened after being temporarily shuttered last month in response to the coronavirus pandemic. According to a report from GGRAsia, the Seoul-listed firm is responsible for hotel-based casinos in the cities of Seoul, Jeju and Busan as ...

Pennsylvania sportsbetting industry hurt by coronavirus shutdown

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The coronavirus pandemic reportedly cost land-based bookmakers in Pennsylvania at least $220 million in lost revenues last month as sports leagues shut up shop and bettors turned to online alternatives. This is the conclusion of the online gambling news domain at PlayPennsylvania.com owing to the fact that the coronavirus outbreak prompted most of the ...

Las Vegas Sands Corporation aborts dividend program amid coronavirus concern

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American casino operator, Las Vegas Sands Corporation, has reportedly announced the suspension of its dividend program for 2019 so as to give it ‘maximum optionality’ in securing returns following the end of the ongoing coronavirus pandemic. According to a Thursday report from the Las Vegas Review-Journal newspaper, the New York-listed firm used an official ...

More federal coronavirus relief for firms supporting America’s casino industry

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In the United States and the administration of President Donald Trump has reportedly altered its guidelines so as to enable even more small businesses that service the casino industry to receive a portion of $349 billion in federal coronavirus-related emergency financial aid. According to a report from CDC Gaming Reports, yesterday’s alteration by the ...