H2 Gambling Capital revised its forecasts for the development of the gambling market in 2020 due to the outbreak of the coronavirus COVID-19. Analysts believe that industry will decline by 8%.
Experts note that coronavirus has already had a serious impact on the gaming markets in China (including Macau and Hong Kong), Singapore, Japan and Italy, and in the future may affect the industry in other countries. Due to restrictions introduced by regulators and casino operators, attendance of people at gambling zones and the profit of establishments are falling.
At the same time, analysts expect the outbreak of coronavirus will cause a positive effect on the development of the online segment. Its share can grow from 13.4 to 14.7%, and if the disease continues to spread actively around the planet in the second quarter of 2020, it will exceed 15%. In conditions where there are restrictions in land-based establishments, and the visit of these places is associated with a hazard for the health, the number of people playing in online casinos from home will increase.
In early February, due to an outbreak of coronavirus, the Macau authorities closed the casino for a two-week quarantine. The government said it was necessary to prevent the spread of the disease. According to media reports, because of this, the income of local casinos in February fell by 88% compared with the same period last year – from $ 3.1 billion to $ 386 million.