Tag Archives coronavirus

Restrained return for Chilean casinos following coronavirus closures

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The collection of eleven private and state-run casinos in Chile reportedly chalked up aggregated gross gaming revenues of $5.9 million last month and paid roughly $1.8 million in combined taxes. According to a Wednesday report from SBC Americas, casinos in the South American nation began re-opening from November 19 after being closed some eight ...

Veikkaus Oy maintaining slot parlor closures in the face of coronavirus

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In Finland and state-run gaming operator Veikkaus Oy has announced that it is to maintain the temporary closure of the vast majority of its slot parlors owing to the ongoing health threat posed by the coronavirus pandemic. The organization began locking down operations across Finland in late-November as the Scandinavian nation experienced a dramatic ...

Revenue losses caused by ongoing coronavirus pandemic forces Navajo Nation to lay off 1,100-plus workers at casinos in Arizona and New Mexico

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In Arizona and New Mexico, more than 1,100 workers at Navajo Nation-operated casinos were temporarily laid off on New Year’s Day due to prolonged closures caused by the ongoing coronavirus pandemic. The decision was announced on Thursday night by the federally recognized tribe’s business arm, Navajo Nation Gaming Enterprise, saying that the lack of ...

European gambling industry facing coronavirus come-down

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The European Gaming and Betting Association (EGBA) has announced that it expects aggregated European gambling revenues for 2020 to have dropped by about 23% year-on-year to approximately €75.9 billon ($92.8 billion) largely due to the impact of the coronavirus pandemic. The trade group used an official Monday press release to detail that an investigation ...

Coronavirus closures for five-strong chain of C2 properties in Cyprus

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In Cyprus and casino operator Melco International Development Limited has reportedly been forced to temporarily shutter its five-strong chain of Cyprus Casinos (C2) ‘satellite’ venues for the remainder of the year owing to the coronavirus pandemic. According to a report from GGRAsia, the Hong Kong-headquartered firm is responsible for modest casinos in the communities ...

Marina Bay Sands included on undesirable coronavirus list

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In Singapore and local health officials have reportedly included the five-star Marina Bay Sands integrated casino resort on a list of locations recently visited by people who subsequently tested positive for coronavirus. According to a report from Inside Asian Gaming, the three-tower venue run by the Marina Bay Sands Private Limited subsidiary of American ...

Century Casinos Incorporated profits in the face of coronavirus

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American casino operator Century Casinos Incorporated has released its financial results for the third quarter showing that its net operating revenues rose by 81% year-on-year to $95.7 million courtesy of business from a trio of properties it acquired last December. The Colorado Springs-headquartered firm used an official Friday press release to detail that it ...

LeoVegas AB financials hit by coronavirus and unlicensed competition

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Swedish iGaming operator LeoVegas AB has released its financial results for the third quarter and blamed the relatively static outcome on the coronavirus pandemic and the recent influx of unlicensed online casino operators into its home market. The Stockholm-headquartered firm used an official press release to detail that its aggregated third-quarter net revenues rose ...

PAGCor continuing to count the cost of coronavirus closures

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The Philippine Amusement and Gaming Corporation (PAGCor) has reportedly announced that its aggregated gross gaming revenues for the first nine months of the year dropped by 60% on a comparative basis to around $1.15 billion. According to a report from Inside Asian Gaming, the state-owned regulator and operator is responsible for some 19,900 slots ...

Coronavirus repercussions for Sega Sammy Creation Incorporated

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Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly announced that its Sega Sammy Creation Incorporated subordinate has recorded a loss of approximately $14.8 million for its most recent financial year. According to a report from Inside Asian Gaming, the Yokohama-headquartered entity is led by former International Game Technology (IGT) executive Scott Winzeler and ...

Coronavirus consequences for Grand Korea Leisure Company Limited

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South Korean casino operator Grand Korea Leisure Company Limited has reportedly announced that its aggregated gross gaming revenues for September fell by 76.5% year-on-year to approximately $8.12 million as a direct result of the ongoing coronavirus pandemic. According to a report from Inside Asian Gaming, the Seoul-headquartered firm used an official filing to reveal ...

Philippines second-quarter gross gaming revenues shattered by coronavirus

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In the Philippines and the extended closure of land-based casinos due to the ongoing coronavirus pandemic reportedly caused the sector’s aggregated second-quarter gross gaming revenues to plummet by 95.7% year-on-year to just over $46.85 million. According to a report from Inside Asian Gaming, the three-month figure was contained within an update published by the ...

Macau gaming tax revenues being hit by coronavirus slowdown

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The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $76.82 million in aggregated gaming taxes for August to take their combined eight-month reckoning to just above $2.85 billion. According to a report from Inside Asian Gaming citing official data from the enclave’s Financial Services Bureau, the August figure ...