The ECA (European Casino Association) has published a survey focused on the latest news about the casino market and its changes during the pandemic.
The survey proves the fact that the COVID-19 pandemic has done much harm to the gambling industry, especially the land-based casino sector.
European casinos were closed for over 100 days in 2020
The main reason for the deterioration is the long shutdown period, which has been demolishing the industry. According to the report, Europe-based casinos remained closed for more than one hundred days during the previous year, and this tendency segued to 2021 as well. Seventy percent of casinos still aren’t allowed to have customers inside. Those, which could reopen, had to follow a set of restrictions, and this also reflected on their operation and, as a result, revenue.
It led to many negative consequences. The land-based gambling venues missed almost forty percent of their operation days, which provoked a decrease in revenue by over fifty percent in 2020. The reopening of the majority of casinos that are the ECA members isn’t scheduled for a fixed date. Of course, the situation resulted in job cut: European casinos employed over 70 000 people before closures in comparison to 2021’s 50 000. The ECA representatives confirm that the pandemic has become a big hit for the land-based industry.
Read more: Gross gaming revenue in the casino industry
Read more: How do casinos make money online?