"COVID-19" Tag Results

Atlantic City Casino Revenue Soars Past Pre-Pandemic Figures

On Monday, the New Jersey Division of Gaming Enforcement (DGE) presented gross operating profit data for its casino industry. According to those figures, there was a total of $155.6 million in profits on net sales of $719.8 million. For all nine Atlantic City casinos, profit margins were higher in the first quarter of this year […]

By Kevin Parker

New Jersey Governor Orders Shutdown of Indoor Casino Dining

New Jersey Gov. Phil Murphy has issued an executive order on Thursday, November 12, suspending all indoor dining until further notice. The measure is intended as part of the state’s overall mitigation strategy and it will affect casino indoor dining venues while casinos will be allowed to continue operation. The measure will apply after 10 […]

By Kevin Parker

The Week Casinos Stood Still, AGA Asks for Additional Federal Help, and Other Business Headlines

Not much happened this past week in the United States. Casinos are under a complete shut-down occasioned by the coronavirus pandemic and this is unlikely to change any time soon. Governor. Steve Sisolak of Nevada has confirmed that casinos will remain closed until health experts deemed a reversal of the measure permissible. Economic need won’t […]

By Kevin Parker

Multiple Furloughs and Employees Safety Schemes Kick in the U.S. as COVID-19 Spreads

The coronavirus has been a reason for concern to many in the United States and not least the casino industry. With all casino venues across the country – both commercial and tribal – shut-down completely, as many as 1.8 million workers in the sector are at risk. Many workers have been furloughed, but not all […]

By Kevin Parker

Penn National Gaming Furloughs 26,000 Employees and Nevada Stays Closed

The largest news this week has been the decision by Penn National Gaming (PNG) to sell its Tropicana Las Vegas Casino property, joining a restructuring effort across the gambling industry to reduce the impact from the novel coronavirus (COVID-19). This move is straight out of MGM Resorts’ own playbook, after the company announced previously that […]

By Kevin Parker

US Casinos Shutdown As the Coronavirus Tighens Its Grip

The novel coronavirus outbreak has been dominating the news, posing one challenge after another ahead of countries and their economies. Casinos and gambling establishments across the United States have been faced with the same qualms as most entertainment industries out there, and the forecasts have been dispiriting. Estimated 11% of the global gambling market will […]