{"id":1036,"date":"2020-08-15T02:00:49","date_gmt":"2020-08-15T02:00:49","guid":{"rendered":"https:\/\/businessner.com\/?p=1036"},"modified":"2020-08-15T02:17:09","modified_gmt":"2020-08-15T02:17:09","slug":"from-the-united-states-to-macau-casino-gaming-revenues-fall","status":"publish","type":"post","link":"https:\/\/businessner.com\/from-the-united-states-to-macau-casino-gaming-revenues-fall\/","title":{"rendered":"From the United States to Macau: Casino Gaming Revenues Fall"},"content":{"rendered":"
The absence of tourism and massive lockdowns because of the Covid-19 pandemic triggered major losses to the casino gaming industry in the U.S. and the world\u2019s gambling capital of Macau.<\/p>\n
For the second quarter of the year, at the onset of the pandemic, travel restrictions and social distancing measures were imposed all over the world.<\/p>\n
Casino and gaming operators had to submit to strict health guidelines resulting in disruptions in operations and eventually incurring record losses due to a dip in visitors.<\/p>\n
In the United States, commercial gaming revenue for the second quarter of 2020 totaled only $2.30 billion. This is a steep 78.8 percent year-over-year contraction, according to the American Gaming Association\u2019s new Commercial Gaming Revenue Tracker.<\/p>\n
Due to the impact of the COVID-19 pandemic, the U.S. gaming industry saw revenue decline in nearly every reported vertical compared to the same period last year.<\/p>\n
AGA President and CEO Bill Miller describe Covid-19 as \u201cthe most difficult economic challenge\u201d the casino gaming industry has ever faced.<\/p>\n
Contrary to recent revenue declines, commercial casinos demonstrated strong consumer demand in 2020 when open for business, the AGA reported in a statement<\/a> Thursday (August 13).<\/p>\n Before all 989 U.S. brick-and-mortar casinos closed their doors in March, combined commercial gaming revenue for January and February was up 10.4 percent year-over-year.<\/p>\n With the return of casino gaming in the second quarter, several U.S. states reported an uptick in average daily gaming yields per open casino despite operating in a limited capacity, game availability, and amenities.<\/p>\n While April and May both experienced year-over-year Gross Gaming Revenue declines north of 90 percent, June saw nearly 300 commercial casinos reopen throughout the month and, as a result, revenue was nearly four times greater than the previous two months combined.<\/p>\n As of the first week of August, more than 85 percent of casinos in the U.S. are now open including 9 in 10 commercial casinos that have implemented stringent, regulator-approved health and safety plans.<\/p>\nReturn of casino gaming operations show recovering gaming yields<\/h2>\n