COVID-19 has had a devastating effect on the European gambling industry, with the land-based casinos taking the brunt of the impact. Despite being a major gambling market globally, European countries such as Germany and England had to order temporary closure of the land casinos. This brought about a massive impact on the industry. Find Casinos Now carried out a research to find out just how much the onset of COVID-19 pandemic has affected casino tourism in Europe. Here are a few facts we found out.
DISCLAIMER: Due to the nature of the topic, there are no ads on this site. I strongly feel it’s not ethical to put casino advertisements, banners on a blog past about the current global pandemic.
- Land-based casinos in Europe and all around the world lost more than 37% of normal operating days throughout 2020 due to mandated COVID-19 closures
- More than 70% of land-based casinos in Europe remain closed
- European land-based operators have seen revenue fall by over 67% in the last year
- More European Casinos are moving their operations online
- Pre-pandemic, ECA (European Casino Association) members’ 900 European casinos employed 70,000+ staff. Post-pandemic employment is estimated to fall to 50,000.
“This is the deepest trough the European land-based casino industry has ever experienced. The financial impact of the pandemic on the gambling sector has been extreme, and these numbers show the economic realities of Covid-19 on the European land-based casinos.”
- Per Jaldung, ECA Chairman
Negative Economic Impact of COVID-19 on European Casinos
Among the hurdles that land-based casinos are currently facing include restricted opening hours, maximum occupancy and amenities limitations, social distancing protocols, and restricted gaming offers. Other measures adopted by European casinos include plexiglass, masks, and on-site testing. These restrictions have led to more casino tourists from all around the world staying at home.
“The COVID-19 pandemic and its economic fallout won’t end with a bang, but with a whimper.”
As part of the new norm, varied industries have moved their operations online. Many casinos have had to suspend all sports and upcoming events in order to limit the spread of the virus.
Online Gambling – The New Alternative Means of Casino Entertainment
Now more than ever, people are turning online for business and entertainment. Online casinos are a great way to keep gambling enthusiasts occupied while adhering to COVID-19 related precautions. Generally, casinos have evolved into readily available forms of entertainment. You’re sure to enjoy a real-like European casino experience from the comfort of your living room.
With more people spending time at home due to the onset of the pandemic, there has been an enormous increase in the popularity of online casinos in Europe and the world at large. Going out is not much of an option these days. Consequently, people are looking for things to do at home. Consequently, casino companies are endeavoring to provide a real-like casino experience to people from the comfort of their homes. Interestingly, online casinos provide extras such as welcome offers and loyalty programs to keep new players glued to the site.
The Future of Casino Entertainment in Europe
The current Coronavirus pandemic has already taken a devastating toll on the European economy. The casino experience is evolving into what it wasn’t before the pandemic. To deal with the economic pressure brought by the pandemic, Europe along with other parts of the world has embarked on regulating and licensing online gambling sites.
Online casinos are a great means of entertainment. Due to heightened public demand, authorities have embraced them as a means to raise revenue. The regulatory approach to online casinos aims at providing players with harm minimization mechanisms. Similarly, regulating online casinos has helped to protect funds deposited and won on the sites. Here are a few things to expect when it comes to the future of casino entertainment.
Maintaining social distance and staying indoors has become the new norm ever since the onset of the pandemic. As a result, online casinos have proved effective in providing a safe environment compared to crowded land-based casinos or stadiums. Since UK and other countries throughout Europe are implementing lockdown procedures, online casinos will provide a remarkable way for players to enjoy their favorite slot games from the comfort of their homes.
Currently, online casinos seem to be weathering the COVID-19 storm by benefiting from it. Of course, among the major concerns is how long this will last. For instance, the land-based casinos in the UK made 67% less profits and received 89% less visitors in the last year. Therefore, it is correct to state that the future of physical gambling in Europe is uncertain.
As the impact of the pandemic continues to cause delays and interruptions, the effects of COVID-19 on casinos are continuing to evolve rapidly. While this impact may seem inconsequential, there will continue to be tangible effects on the industry. Find Online Casinos Now to get a glimpse of just how much the pandemic has changed the overall casino experience.
Last updated: 2021-05-20
Last Updated on 2021-05-20 by Simon
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