The consequences of April's gaming tax revenue in Nevada -- down 99.6% year over year -- could have lasting impacts for a state that relies heavily on it. Traffic at the Las Vegas airport plunged to less than 4% of the previous year's numbers, but this week's reopening of casinos brings hope for the slow return of jobs and tax money.
Online gaming in the UK is expected to continue even after all pandemic-related restrictions are lifted, with in-person gaming only coming back slowly and online guidelines from the UK Gambling Commission likely continuing. While sports betting is returning little by little, observers believe large-scale games will be the last to come back.
In what may be the first standalone app to gamify basic poker skills, PokerStars has devised Poker Dojo to help recreational players "recognize and make strong hands, make tough value decisions under pressure, and test your courage when the big all-in decision comes flying at you," the company says. Participants only use play money in the app.
Some sports bettors -- including Barstool Sports CEO Dave Portnoy -- switched, often unsuccessfully, to day trading when traditional sports shut down during the coronavirus. While Portnoy and others may not have come out ahead, the return of sports will help: Sports Illustrated gaming expert Frank Taddeo says sports bettors do much better on their chance of choice than day traders, winning 55% of the time.
With NASCAR, European soccer and Asian baseball back in game mode, more US states may look to adopt online gaming and sports betting to fill gaping budget holes left by the coronavirus pandemic. Both can offer some instant revenue with licensing fees and continue to feed coffers over time with taxes, Chris Krafcik of Eilers & Krejcik Gaming says.
At least one dozen tribal casinos opened in California the week of May 15, despite the state government pleading with them to remain closed in the face of the coronavirus spread. While tribal sovereignty makes the choice legal, "this virus does not recognize jurisdictional boundaries," Gov. Gavin Newsom wrote.
California Gov. Gavin Newsom has asked tribes not to reopen their casinos right now as planned, given the 75,000-plus cases of COVID-19 in the state and the continued risk the coronavirus poses. While the revenue is vital to tribes, Newsom says it's too early to reopen, as virus numbers are still increasing.
The challenges of the pandemic on hotels and out-of-whack supply and demand likely will lead a decade of intense consolidations in the industry, Steven Pan, chairman of Formosa International Hotels, believes. He thinks casino-hotels will kick off the perhaps decadelong trend, and areas such as China will cease hotel development "for a long time."
Eleven integrated resorts in Macao are averaging just 14 players each on midweek afternoons, which some believe is due primarily to closed borders. Others say casino operators should pay more attention to the post-pandemic societal changes, seeing if the new patrons represent an altered demographic, what behaviors may different and how to market to meet the new views.
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