Each week,CasinoBeatsbreaks down the numbers behind some of the industrys most interesting stories. In our latest edition we take a look at casino closures in both Australia and the UK, reopenings in Atlantic City and Kindreds revenue expectations.
100
After being given the green-light to reopen by GovernorPhil Murphy, Atlantic City casinos have subsequently began welcoming patrons back through their doors in recent days.
Permitted to resume operations from July 2, after more than 100 days of closure, the familiar sights and sounds returned, albeit with a series of heightened initiatives designed to ensure the safety of all involved.
Lauded asa critical moment for our industry by theCasino Association of New Jersey, not all properties have returned, however, withBorgata Hotel Casino & Spadeciding to remain closed given the impact the executive order will have on the experience they are accustomed to providing.
28
Researchers have compiled a blueprint for change that contains five key recommendations, after a new report found that an estimated 28 million personal current accounts in the UK do not have the option to block gambling expenditure.
GambleAwarehas published the findings of the new research, undertaken by researchers at theUniversity of Bristols Personal Finance Research Centreto review the availability, uptake, and effectiveness of bank card gambling blockers.
Recommendations pinpointed include a call on theFinancial Conduct Authorityto recommend that gambling blocks are standard on debit and credit cards, as well as a recommendation that there is a cross-sector consumer awareness campaign that places bank card blockers alongside other forms of self-exclusion and player controls.
It also says that firms and regulators need to work with experts by experience so they can design products, services and interventions for people who are negatively affected by gambling.
4
Casinos are standing by to aid the UKs economic recovery, but must be allowed to resume the action again by the close of July maintains theBetting and Gaming Council.
Continuing to mount pressure on the government to reopen casinos this month, venues were dealt a blow after being told they would not be permitted to return to action when other parts of the hospitality, leisure and entertainment industry could do so on July 4.
Having been closed since March 23 as part of the national effort to contain the spread of COVID-19, a number of measures have since been implemented including perspex screens, hand sanitisers, sophisticated track and tracing systems and strict social distancing rules.
The latest plea comes asChancellor Rishi Sunakannounces that businesses in the hospitality and tourism sector are to benefit from a cut in VAT from 20 per cent to 5 per cent until January 12.
23
Australias largest casino, theCrown Melbourne, will not be reopening afterVictoria Premier Daniel Andrewsconfirmed that the city of Melbourne was re-entering stage three lockdown for another six weeks.
The renewed lockdown will see residents barred from leaving their homes for any purpose other than work, food, exercise, or medical care. Furthermore, restaurants and cafes must return to takeaway and delivery services only with all other entertainment venues forced to shutdown operations.
In an announcement made on its official website, the property said: In line with the Victorian Governments reintroduction of stage three restrictions, Crown Resorts wishes to advise all our guests that Crown Melbourne will be temporarily closed from July 9 until further notice due to COVID-19.
The closure of Crown Melbourne is to protect the health and safety of Crown patrons, employees and the broader community.
Crown Melbourne had been closed since March 23 but reopened its in-person dining on June 1 as part of its phased reopening.
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Kindred Groupis anticipating a 3.89 per cent increase in gross revenue for the second quarter of the year despite a plethora of cancelled and postponed sporting events having a continued significant impact across the industry.
Publishing a trading update for the period, ahead of its interim Q2 report on July 24, the gambling operator estimates that revenue for the period will be approximately 235m, up from 2019s 226.2m.
Underlying EBITDA for the quarter is predicted to reach a bracket of 48m-53m (2019: 30.5m), driven by cost reduction actions undertaken in connection with marketing, content and other direct costs.
In spite of the protected short-term profitability, as sports resume the group is expecting the marketing cost model of the business to normalise.
See the article here:
UK closures, Atlantic City and gambling blockers: The week in numbers - Casino Beats
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- Super Bowl sets gambling record at Nevada sports books - Reuters - February 7th, 2017 [February 7th, 2017]
- Older gamblers face worse odds for addiction - Times Herald-Record - February 7th, 2017 [February 7th, 2017]
- How to Handle Gambling Wins and Losses This Tax Season - TheStreet.com - February 7th, 2017 [February 7th, 2017]
- GAO report recommends military members be screened for ... - wtkr.com - February 7th, 2017 [February 7th, 2017]
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- Raising a question about gambling prohibition - Dothan Eagle - February 8th, 2017 [February 8th, 2017]
- A Creepy Dude Is Your Inner Gambling Addict in These Horrifying PSAs From Tom Tagholm - Fishbowl NY (blog) - February 8th, 2017 [February 8th, 2017]
- Super Bowl Betting Tally Helps Make the Case for Legalized Sports Gambling - TheStreet.com - February 8th, 2017 [February 8th, 2017]
- MLB commissioner admits the league is rethinking its stance on gambling - FOXSports.com - February 8th, 2017 [February 8th, 2017]
- Why I love fake gambling and in-game casinos according to a psychologist - PC Gamer - February 8th, 2017 [February 8th, 2017]
- YouTubers fined for running illegal FIFA 17 gambling site - Ars Technica - February 8th, 2017 [February 8th, 2017]
- Deducting Gambling Losses on Your Taxes - TheStreet.com - February 9th, 2017 [February 9th, 2017]
- Gambling pot grows for Madison County - Utica Observer Dispatch - February 9th, 2017 [February 9th, 2017]
- How Vietnam Is Changing Its Gambling Rules To Win Foreign Investment - Forbes - February 9th, 2017 [February 9th, 2017]
- No truth to alleged link between missing Spencerport teen, illegal gambling - 13WHAM-TV - February 9th, 2017 [February 9th, 2017]
- The world's biggest gamblers - The Economist (blog) - February 9th, 2017 [February 9th, 2017]
- Idaho House Panel Introduces Bill Limiting Indian Gambling - Boise State Public Radio - February 9th, 2017 [February 9th, 2017]
- Pennsylvania Omnibus Gambling Bill Presented to House - Casino.Org News - February 10th, 2017 [February 10th, 2017]
- Gamblers caught in Hat Yai open-air casino bust | Bangkok Post: news - Bangkok Post - February 10th, 2017 [February 10th, 2017]
- Men Fined Over FIFA Gambling Operation - Card Player - CardPlayer.com - February 10th, 2017 [February 10th, 2017]
- Rob Manfred may change MLB's stance on gambling - SB Nation - February 10th, 2017 [February 10th, 2017]
- Do you have a mobile gambling/gaming problem? - KMTV - February 10th, 2017 [February 10th, 2017]
- OUR VIEW: Transparency needed in gambling operations - Pacific Daily News - February 11th, 2017 [February 11th, 2017]
- New York State transformation into the gambling big leagues nearly complete with opening of newest casino - The Daily Freeman - February 11th, 2017 [February 11th, 2017]
- Kenya: Gambling in Kenya Gets Out of Hand - AllAfrica.com - February 11th, 2017 [February 11th, 2017]
- Gambling Responsibly - New York Times - February 11th, 2017 [February 11th, 2017]
- Duterte targets illegal gambling in the Philippines - Yahoo News - February 12th, 2017 [February 12th, 2017]
- US Grabs Biggest Global Gambling Industry Win Share in 2016 - Casino News Daily - February 12th, 2017 [February 12th, 2017]
- UFC 208 odds, gambling guide - MMA Fighting - February 12th, 2017 [February 12th, 2017]
- Calendar urges gamblers to cut their losses l Dayton, Ohio - Dayton Daily News - February 12th, 2017 [February 12th, 2017]
- Gambling Manga "Akagi" Begins Countdown to Conclusion - Crunchyroll News - February 12th, 2017 [February 12th, 2017]
- Football's gambling problem: You better, you better, you bet - Football365.com - February 13th, 2017 [February 13th, 2017]
- States are gambling with law enforcement safety - The Hill (blog) - February 13th, 2017 [February 13th, 2017]
- AFL's gambling ads concern for Cats star - Wide World of Sports - February 13th, 2017 [February 13th, 2017]
- Celeb Gambling Ring Members Fear They've Been CAUGHT On Wiretaps Making Illegal Bets, Source Claims - Radar Online - February 13th, 2017 [February 13th, 2017]
- Highway Patrol: Raid of Warren bar uncovers illegal gambling - WKBN.com - February 13th, 2017 [February 13th, 2017]
- Scary graph shows how Australians are the biggest losers - NEWS.com.au - February 13th, 2017 [February 13th, 2017]
- Bato: War on illegal gambling won't be bloody - Philippine Star - February 13th, 2017 [February 13th, 2017]
- Last holdout Lakewood to vote on repealing video gambling ban - Northwest Herald - February 14th, 2017 [February 14th, 2017]
- AFL's gambling ads a concern for Geelong Cats star Harry Taylor - The Age - February 14th, 2017 [February 14th, 2017]
- Online Casinos Generate A Third Of UK Gambling Dollars - CardPlayer.com - February 14th, 2017 [February 14th, 2017]
- Darlington deputies bust gambling house in Hartsville | News ... - SCNow - February 14th, 2017 [February 14th, 2017]
- Kim Jong Un's gambling half-brother reportedly assassinated - CBS News - February 14th, 2017 [February 14th, 2017]
- BitcoinCasino.us Ensures Instant Payouts and Responsible Gambling - newsBTC - February 15th, 2017 [February 15th, 2017]
- Gambling operators are cashing in on teens' addiction to online games - The Canberra Times - February 15th, 2017 [February 15th, 2017]
- Americans Lost $116.9B Gambling In 2016: Report - CardPlayer.com - February 15th, 2017 [February 15th, 2017]
- Levine: Rick Hahn, White Sox Gambling On Right Trades At Right Time - CBS Local - February 15th, 2017 [February 15th, 2017]
- Wesfarmers considers pokies exit in bid to tackle problem gambling - ABC Online - February 15th, 2017 [February 15th, 2017]
- Massive felony gambling raid in Marietta | WAGA - FOX 5 Atlanta - February 15th, 2017 [February 15th, 2017]
- 'War on gambling' starts with small fry - Inquirer.net - February 16th, 2017 [February 16th, 2017]
- Edgeless Casino Introduces Revolutionary Transparent 0% House Edge Online Gambling - newsBTC - February 16th, 2017 [February 16th, 2017]
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- Osage woman accused of stealing, gambling mother's money - Waterloo Cedar Falls Courier - February 16th, 2017 [February 16th, 2017]
- 'Operation Parlay' Leads To Gambling Raid, Arrest - Patch.com - February 16th, 2017 [February 16th, 2017]
- Pete Rose defends legal gambling: 'Who am I hurting?' - Yahoo Sports - Yahoo Sports - February 16th, 2017 [February 16th, 2017]
- Cops bust alleged gambling ring being run out of Cobb storefronts - Atlanta Journal Constitution - February 16th, 2017 [February 16th, 2017]
- Dunlap: State Rep. Gets It Right With Sports Gambling - CBS Local - February 16th, 2017 [February 16th, 2017]
- Gambling Addiction Treatment Center, Rehab - Non Gambler - February 16th, 2017 [February 16th, 2017]
- Problem Gambling Online Resources - Drugfreeinfo.org - February 16th, 2017 [February 16th, 2017]
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- House gambling bill teed up for next week - SaintPetersBlog (blog) - February 17th, 2017 [February 17th, 2017]
- Firms oppose Bill regulating gambling - Daily Nation - February 17th, 2017 [February 17th, 2017]
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