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Land-Based Gambling in Italy Falls, Even after Reopening

19 September 2020, 10:46
Votes: 1

Despite the fact that recently there have been only three locations for offline casinos in Italy and the demand has to be huge after reopening, the coronavirus lockdown measures are still causing downfall. The latest casino news informs about the Apennine Peninsula's unfortunate numbers based on the attendance in August.

Land-Based Gambling in Italy Falls, Even after Reopening

The overall situation in Italy's land-based gambling sector is disappointing enough at the moment. Three casinos gained about €70 million since the beginning of 2020, while the same period in 2019 allowed them to collect about €103 million. The decrease in the 8-months period is almost 38%.

If we look at the year-over-year statistics, casinos gathered about €132 million since September 2019. The situation between September 2018 and August 2019 was more optimistic by 33%, which means about €176M income.

The financial situation in Italy by casinos: August and the first 8 months of 2020

As Nuovo Casino di Campione, situated in Campione d'Italia, is closed since 2018, there are only three active locations to gamble.

The Venice region possesses two casinos, but Ca' Vendramin Calergi is temporarily closed. Another gambling venue from the Veneto region, Ca' Noghera, reported €7M collected, a 22.5% worse result than in August 2019. The situation from the beginning of the year is also unfortunate, as the first eight months of 2020 brought about €30M, while the same period in 2019 allowed them to gain around €46M.

The Casino Sanremo, which is located in the same-name region, showed the best results in 2020, but it is still negative. Thus, Sanremo's gambling venue collected slightly less than €5M, which is only 14% lower than in August 2019. Since the beginning of the COVID-influenced year, the total gatherings are about €18M, while the first eight months brought about €25M the year before.

The last gambling venue in the recent review is Casino de la Valle, located in Saint Vincent. Their August result is about €5M collected money, while the year before, the result was 21% better. €22M received since the beginning of 2020 indicates the 46% downfall, as the first eight months of 2019 brought about €32M.

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