Tag Archives downturn

OPAP records coronavirus-linked downturn in first-half financials

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Greek lottery and sportsbetting firm OPAP has reportedly announced that its revenues for the six months to the end of June decreased by 34.8% year-on-year to approximately €507.9 million ($601.6 million) largely due to the impact of the coronavirus pandemic. According to a report from G3Newswire, the Athens-headquartered operator revealed that its first-half lottery ...

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 ...

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 ...