H2 reports on casino industry recovery

The tracker has focused on the closures and reopenings of land-based gambling properties during the time of the outbreak, mapping the entire period from the time the first closures began to the situation today.

Despite COVID-19 still ravaging throughout the world, there has been a strong recovery in the land-based casino sector globally, with 73.5% of gambling businesses restarting operation, accounting for 83.7% of the total market value. Some are still holding out though, including some tribal operators in the United States.

H2 has focused on several verticals, including sports betting, casino gaming and lotteries to help produce a more accurate overview of the current situation with the industry. As per the company, the industry should lose an estimated 24.1% in revenue this year, equating to $359 billion globally.

Europe, Asia and North America have almost restored their operations at full capacity, with gambling operations in each region restarted at 88%, 87.3% and 85.1% capacity respectively. Latin American and Africa continue to buck the trend and refuse to reopen land-based gaming businesses, citing the high numbers of infections in the regions.

The one business to go unscathed seemed lotteries, which continued operations for the most part, and many of which shifting to an online format. On the other end we saw casinos be amongst the worst affected with 83.4% of the business globally shutting down.

A minor palliative has been the fact that many online operators have persisted, offering great online gaming opportunities. For example, mBitCasino has used the slowdown in brick-and-mortar operations to transition fully to cryptocurrency payments.

Operators such as Bitcasino.io has continued to offer a quality gaming product available with both FIAT money and cryptocurrencies, while the likes of WINk have used the time make platform improvements.

Looking for your next crypto casino? Check out: Mega Dice or FortuneJack

Written by Tudor

Works as a developer and helps keeps the digital cogs turning. Leave them alone, they're busy.

Similar News