The world of gambling is constantly evolving, with new casinos opening up and old ones being renovated or shut down altogether. In this article, we will take a look at some of the top casino news stories from around the world that have made headlines in recent months. Macau Casinos Struggle with COVID-19 Restrictions Macau, known as the gambling capital of the world, has been hit hard by the COVID-19 pandemic. The region’s casinos have been forced to limit their capacity and implement strict health and safety protocols, which has resulted in a significant drop in revenue.
In fact, Macau’s gaming revenue dropped by 90% in February 2020 compared to the same period in 2019. However, with the recent easing of restrictions, some casinos are starting to see a slight uptick in business. Las Vegas Sands Sells its Vegas Properties Las Vegas Sands, one of the largest casino companies in the world, recently announced that it is selling its Las Vegas properties for $6.25 billion. The sale includes the Venetian Resort, the Palazzo, and the Sands Expo and Convention Center.
The move is seen as a strategic shift towards the company’s operations in Asia, particularly in Macau and Singapore. New Jersey’s Online Gaming Revenue Soars New Jersey’s online gaming revenue hit a record high in 2020, with a total of $970 million generated in the state. This represents a 101% increase compared to the previous year. The surge in online gaming has been attributed to the COVID-19 pandemic, which forced many people to stay at home and seek out new forms of entertainment.
Atlantic City Casinos Reopen with Limited Capacity Atlantic City’s casinos were shut down for several months in 2020 due to the pandemic, but they have since reopened with limited capacity and strict health and safety protocols in place. However, the reduced capacity has resulted in a significant drop in revenue for the city’s casinos, which are still struggling to recover from the shutdown. Japan Delays Casino Resort Development Japan’s plans to build several integrated casino resorts have been delayed once again, this time due to the pandemic.
The government had originally planned to issue licenses for the resorts in 2020, but that timeline has been pushed back to 2022 at the earliest. The delay is a setback for casino operators who were hoping to tap into the potentially lucrative Japanese market. Conclusion The world of gambling is constantly evolving, with new developments and challenges emerging all the time. From the impact Times of Netherland the COVID-19 pandemic on casinos around the world, to strategic shifts in the operations of major casino companies, there is always something happening in the world of gambling.
As the industry continues to evolve, it will be interesting to see how these developments will shape the future of casino gaming.