Conferences, festivals, and sporting events have been canceled due to the fear of the spread of COVID-19. Places where crowds gather like casinos, stadiums, and malls are responding on a case-by-case basis, except Neosurf casinos in Australia.
The outbreak of the Coronavirus pandemic has pushed industries in a deep ditch, and the gambling industry is feeling the consequences as well, Time of Casino reports.
Here’s what’s happening in the gambling industry across the world in February 2020, according to LCB.
The Gambling Industry in Asia
The entire continent is greatly affected by the pandemic, including the gambling industry. People are not allowed to visit entertainment facilities due to the imposed entry ban.
In Macau, the government decided to shut down all 41 casinos for at least 14 days to prevent the coronavirus spread. Even though the closure was suggested to be extended if the situation worsens, they were worried about profit loss, so they decided to put establishments into operation.
Namely, some South Korean casinos prohibited the entry of Chinese travelers to prevent the coronavirus spread. The temporary closure of the Kangwon Land casino is expected to result in a huge loss of up to $9m.
Singapore’s government decided to grand the two integrated resort casinos in the country a tax refund of 10% this year as a result of the reduced international visitation because of COVID-19.
What Happens in Japan?
Only one consortium applied to build an integrated resort in Osaka by the February 14 deadline, and that’s MGM in partnership with Orix Corporation. In the beginning, there were other operators that were also interested in this area, but they have decided to focus on others.
Right now, potential gaming partners are more interested in the IR location of Yokohama. The municipal government of this city will establish an advisory committee in regard to the IR operator selection.
What About India?
The government of Punjab have banned all forms of lottery with the intention to restrain the sale of illegal lotteries and increase the revenues of the state from its lottery sales.
Namely, new legislation proposed in the parliament would impose a 30% tax on income on Philippine offshore gaming operators. Chinese citizens who work in these operators would have their passports canceled by the Chinese government in an attempt to fight against illegal gambling.
News from the USA
A working group was created in Alabama to assess the impact of gambling in the state, while elements of the House are trying to solve the problems with gambling and lottery in the state.
Legislation was drafted and presented by the Alaskan governor Mike Dunleavy that would form a state-run lottery organization. Right now, there are only 5 states in the USA that have no form of the state lottery, and Alaska is one of them. The launch of scratch cards and lottery draws will be authorized by SB 188, and the inclusion into some multi-state lotteries as well.
Saratoga Casino Black Hawk in Colorado has decided to launch a retail and online sportsbook in partnership with Betfred USA Sports. Seven sports betting licenses were awarded to casinos in Colorado which were given the final approval to govern the activity by the Gaming Commission.
In Connecticut, new legislation was introduced to authorize the Mohegan and Mashantucket Pequot to operate online casino gaming and mobile and retail sports betting in the state. HB 5168 was introduced by the representative Joseph Gresko to approve online and retail sports betting in Connecticut.
A bill that features prohibition of use of electronic devices for lottery games and a warning on lottery tickets was resubmitted by lawmakers in Florida.
A full sportsbook was launched by Betfred USA Sports at Grand Falls Casino and Gold Resort in Iowa, along with an internet and mobile offering. On February 20, Draft Kings announced a partnership with Wild Rose Casinos to launch its mobile sports betting platform.
Kentucky’s governor supported the approval of sports wagering in the state.
New legislation was introduced in New Jersey to expand certified sports wagering in the state to include eSports and similar skill-based competitions.
Daily Fantasy Sports Games were found to be illegal under state law in New York.
Betfred, in partnership with Wind Creek Casino and Resort Bethlehem, announced a launch of a retail sportsbook at the property and mobile and online betting across Pennsylvania.