Tag Archives COVID19

New COVID-19 restrictions force Loto-Québec to close more casinos

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In response to increasing levels of Covid-19 in the region, Canadian provincial lottery operator Loto Québec has temporarily suspended gaming activities at more of its brick-and-mortar venues, including the Casino de Charlevoix and Casino du Lac-Leamy. The news follows Québec Premier François Legault’s October 13, 2020 press conference and will affect several of the ...

Greektown Casino-Hotel in Detroit to lay off 43 union employees from Sept. 28 due to COVID-19 pandemic

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A week after rival MGM Grand Detroit laid off some 1,100 employees, and Greektown Casino-Hotel now says 43 workers will be laid off due to lost revenues resulting from the coronavirus pandemic. In a statement announcing the layoffs, the company reportedly said… “These layoffs at Greektown Casino-Hotel are the unfortunate result of COVID-19 related ...

Ainsworth to eliminate 107 positions: responds to AU$43 million COVID-19 related loss

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In response to its FY20 financial results, Australia-based manufacturer and supplier of gaming solutions, Ainsworth Game Technology (AGT) (AGI:ASE), has decided to eliminate 107 roles to help mitigate the impact the COVID-19 pandemic has had on the company’s bottom line. Revealed on Thursday, the Novomatic AG subsidiary estimates that by eliminating 67 redundancies and ...

Tighter restrictions on Illinois gaming to combat COVID-19 surge spells less tax revenue for Joliet

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New restrictions placed on licensed gaming operations at all Illinois casinos and video gaming locations to combat a resurgence of COVID-19 are expected to significantly affect tax revenues received for the city of Joliet from Harrah‘s and Hollywood casinos. According to the source, under “normal” conditions, tax revenue from the two casinos, operated by Caesars Entertainment Corp. and Penn National ...

Summit Ascent to limit Tigre de Cristal Phase II expansion as COVID-19 sees nearly 63 percent revenue drop in 1H20

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Hong Kong-based investment holding company Summit Ascent Holdings Limited (102:Hong Kong) will reportedly begin construction on the US$200 million phase two of Tigre de Cristal located in Russia’s Primorye Integrated Entertainment Zone (IEZ) near Vladivostok by Q4 this year. However, the Asian casino operator has decided it will not further increase the scale of the ...

Second Australian COVID-19 wave sees The Star Sydney implement new operating procedures

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In keeping with new COVID-19 restrictions announced by New South Wales (NSW) Premier Gladys Berejiklian earlier in the month, Australian gambling and entertainment company, Star Entertainment Group (ASX:SGR) has implemented new operating procedures at its flagship casino The Star Sydney. According to an Australian Securities Exchange (ASX) announcement (pdf) from the Brisbane-headquartered company, high ...

Pennsylvania casino revenues down 18% due to “factors related to COVID-19 restrictions”

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Following shutdowns due to the pandemic, the US’s number two gambling state, Pennsylvania, has been slammed, with casino revenue plummeting 18 percent. According to a Thursday report from the Pennsylvania Gaming Control Board (PGCB), revenue from regulated gambling in the Northeastern state decreased to $2.7 billion for the fiscal year 2019/20, which runs from ...

Nevada Gov. Steve Sisolak orders bars to close in COVID-19 caseload heavy counties

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In Nevada, Gov. Steve Sisolak has issued a directive that will see the lion’s share of the state’s restricted gaming industry shut down just before midnight on Friday. Nearly 2,000 gaming locations throughout the state with 15 or fewer slot machines will be affected by the rollback of the Silver State’s business reopening plan. Additionally, ...

Grand Traverse Resort & Casino extend full pay to employees through April 29 as COVID-19 continues to spread throughout Michigan

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In Northern Michigan, employees of a trio of casinos owned and operated by the Grand Traverse Band of Ottawa and Chippewa Indians (GTB) will continue to receive paychecks through April 29, 2020, while the properties remain temporarily closed as the COVID-19 virus continues to infect people across the Great Lakes state. Employees at all ...

More tribal casinos in the US voluntarily close due to the COVID-19 threat

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In the US, as commercial casinos are increasingly mandated to close due to the COVID-19 (coronavirus) pandemic, the number of tribal casinos that are voluntarily closing is also growing. Casino leaders around the country have been meeting to determine the proper course of action regarding the safety of their staff, guests, and communities. CT, ...