. While casinos and other gambling establishments have remained open in some countries, others have been forced to close. This has had a major impact on the industry, which is now struggling to move forward. Let’s take a look at some of the infographic figures.
The first thing we see is how confinement affected different land-based casinos. The Macau region had the biggest drop and its revenue fell by 93.2%. Followed by the Nevada region, whose revenues fell 53.38%. And the same Las Vegas casino city also had a 39.57% loss in revenue. As you can see, the areas with the most casinos and bettors have suffered the most damage from the Covid-19 and as a result have lost a lot of money.
As a result, the shares of this casino also fell sharply. The share price of Playtech PLC fell by 75.8% to $ 2.2. Other major players in this industry (Red Rock Resort, MGM, Wynn resort LTD, Boyd gaming corp) also lowered stock prices.
Despite such a crisis in the industry, some users continued to gamble at their online casinos. According to the UK betting committee, the most popular games to bet on during covid-19 were virtual sports (40%), poker (38%) and video slots (25%).
Let’s look at some of the game behaviors before and after the lock. The average number of days played per week increased from 2.35 to 3.80. The average monthly purchase expense built into the app increased from £ 6.05 to £ 18.40. Offline players almost disappeared (0.22%), while online players increased to 21.16%.
Although Covid-19 damaged offline casinos, it helped boost the online casino industry. The industry showed growth of 78% in 2020 while in 2019 it was 62%. In addition, during the covid, 30% registered at online casinos and 5% of them were for the first time.
The most common reason people started playing online during covid-19 was that they could not go to the places they used to visit (51%), followed by boredom (34%) and another major reason was be the financial pressure (28%). .
Disclaimer: The views and opinions expressed by the author should not be construed as financial advice. We do not provide advice on financial products.