Coronavirus: Analysts predict 8% gaming revenue drop

Analysts predict the deadly virus may hit land based gaming revenues hard but the online sector may benefit.

UK.- H2 Gambling Capital is predicting an 8 per cent slump in global gaming revenue in 2020 as a result of the Coronavirus crisis.

That is the worst case scenario, with H2 Gambling Capital saying revenue may only drop 1% to €407 billion if the industry can recover.

The global gambling industry has been hit hard since the outbreak began at the start of the year. Asia has undoubtedly been hit the hardest.

Macau was forced to shut down all 41 of its casinos for 15-days last month, and despite properties re-opening on 20 February, the sector is taking time to get back on its feet with visitor numbers still low.

While the land-based sector has been negatively impacted, the online sector may benefit from the crisis as as gamblers are having to stay home and play through digital platforms.