We mentioned previously that online casino industry is blooming lately. Entire industry was rising even before Covid-19, but this pandemic accelerated the rise.
On the other hand, we have the land based casino which are experiencing totally different faith.
It is the same case everywhere around the world. Corona outbreak was a major hit for each casino on the planet. The more casinos a country have, the bigger the hit is. US casino industry suffered major blow. Lower amount of players mean low bets. This leads to decline in casino wins at all of the new canadian online casinos. Furthermore, it leads to lost jobs for hundreds of thousands of people and a severe loss of tax revenue that pays for everything from education and health care.
The US casino industry is even requesting tax and regulatory relief from the government as it is still recovering from from coronavirus outbreak. Even though around 90% of the land based casinos in USA is opened in 2021, they still operate with high level of restrictions
G2E 2020 Conference – USA Casino Industry
The last G2E conference was held online due to the pandemic. President of American Gaming Association said that industry will definitely make a come back, but it needs a bit of help from the authorities. Bill Miller, the president, claims that Covid-19 is the biggest disruption that casino industry is facing so far. While casinos remain close in America, more than 1.8 millions of jobs are under impact.
Some Vegas resorts experienced even 90% decrease in revenue in second quarter during 2020. However, the entire industry remains optimistic about its operations rebound. They expect 2021 to be a definitely better year with expectations of low restrictions and non-limited travel.
