Tag Archives coronavirus

African sportsbetting market being hurt by coronavirus shutdown

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The coronavirus pandemic that has led to the widespread shuttering of land-based gambling operations in Asia, Europe and North America is now reportedly ravaging across Africa and caused the continent’s sportsbetting sector to go into serious decline. According to a Thursday report from the British Broadcasting Corporation (BBC), Ivan Kalanzi serves as a brand ...

Coronavirus shutdown forces Atlantic City casinos to instigate mass layoffs

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Eleven days after being ordered to close in response to the ongoing coronavirus pandemic and yesterday reportedly saw most of the nine casinos in Atlantic City finally provide their employees with temporary layoff notices. According to a Thursday report from The Press of Atlantic City newspaper, the move means that approximately 16,000 former casino ...

Singapore casinos taking steps to stop the spread of coronavirus

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The two giant integrated casino resorts in Singapore have reportedly followed government orders in instituting a number of new measures that have been designed to stop the spread of a highly contagious coronavirus strain that has so far killed two locals. According to a report from GGRAsia, the 120-acre Resorts World Sentosa revealed that ...

Coronavirus crisis prompts Landry’s Incorporated layoffs

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The billionaire boss for American casino and entertainments firm Landry’s Incorporated has reportedly revealed that his firm has been forced to temporarily lay off about 40,000 people as a result of the ongoing coronavirus pandemic. According to a Tuesday report from the news website at Yahoo.com, Tilman Fertitta (pictured) detailed that the redundancies represented ...

Coronavirus caution from Netherlands gambling regulator

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In the Netherlands and the Kansspelautoriteit (KSA) gambling regulator has reportedly announced that unlicensed iGaming operators found guilty of using the current coronavirus pandemic to promote their services are due to face an additional fine of at least €50,000 ($53,900). According to a Friday report from iGamingBusiness.com, the warning comes after the country decided ...

Australia casinos, restaurants and other businesses shut down as citizens not compliant with coronavirus social distancing

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Around the world, officials are announcing closings of businesses due to the coronavirus outbreak. This week, Australia has now decided to shut down casinos, restaurants, pubs, and other venues due to the public not practicing social distancing, a method that could help to stop the virus from spreading. Prime Minister Scott Morrison announced on ...

Coronavirus fears continue to send casino share prices plummeting

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Ongoing anxieties concerning the global coronavirus pandemic have recently sent stock prices falling around the world while yesterday reportedly saw the value of shares in Macau’s six licensed casino operators hit extraordinary lows. According to a report from Inside Asian Gaming, the value of individual shares in Galaxy Entertainment Group Limited has now dropped ...

GVC Holdings warns of financial fallout from coronavirus pandemic

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Prominent online casino and sportsbook operator GVC Holdings has warned investors that its annual earnings before interest, tax, depreciation and amortization could fall by as much as £150 million ($175.9 million) this year as a result of the ongoing global coronavirus pandemic. The London-listed firm is responsible for such domains as PartyPoker.com, Bwin.com and ...

Tribal casino sector asks for federal support to weather coronavirus downturn

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In the United States and the National Indian Gaming Association (NIGA) has reportedly asked the federal government to help its members offset the financial consequences of the ongoing coronavirus outbreak by handing out aid worth some $18 billion. According to a Tuesday report from the Reuters news service, the trade group represents 184 tribes ...

Netherlands gaming regulator on the lookout for coronavirus opportunism

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In the Netherlands and the Kansspelautoriteit (KSA) gambling regulator has reportedly announced that it will take decisive action against any unlicensed online casino firm who may decide to begin illegally offering services to the nation’s players. According to a Tuesday report from GamblingInsider.com and CasinoBeats.com, the warning comes after the country decided to shutter ...

Coronavirus downturn prompts wage cuts from Genting Singapore Limited

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The Singapore-headquartered arm of Asian casino giant Genting Malaysia Berhad has announced that it will be reducing the salaries of its senior staff as a way to cut costs in light of the ‘massive disruption to the travel and tourism industries’ caused by the recent coronavirus outbreak. Genting Singapore Limited used an official Tuesday ...

Coronavirus concerns see Century Casinos temporarily close Polish casinos: Mississippi & Connecticut casinos close

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Colorado-based gaming company, Century Casinos, Inc. (CNTY:NASDAQ CM), announced Monday that its subsidiary Casinos Poland Sp. z o.o has closed its casinos in order to comply with the Polish government after it issued a quarantine in an attempt to better contain the coronavirus COVID-19 outbreak. According to an official press release… …the closures came ...

Coronavirus sees Wynn & MGM suspend ops in Las Vegas: temporary closings also in NY, MA, MI, OH and CA cardrooms

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There will be a little less “sin” in Sin City for the foreseeable future after two of the biggest operators in Las Vegas, MGM Resorts International and Wynn Resorts, announced they would be closing their flagship properties in an effort to stem the spread of the coronavirus (COVID-19). According to the Sunday announcement from ...

Boyd Gaming closes several casinos in US amidst Coronavirus outbreak: All Illinois Casinos shutdown

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Late last week, Governor Tom Wolf of Pennsylvania issued a mandate in which public schools, community centers as well as entertainment venues in Montgomery County shut down for a two-week time frame. This closure was issued due to the outbreak of coronavirus in the state, particularly that region.  Because of the mandate, Boyd Gaming ...