Casinos
Casinos
Casinos
The Pandemic Forced Casinos to Shut Down
- The COVID-19 pandemic shuttered every U.S. casino in March 2020, preventing an estimated 616,000 casino gaming employees from being able to work.
- The subsequent two-month shutdown of the gaming industry led to $105 billion in lost economic activity and cost states more than $2 billion in lost gaming taxes alone, directly impacting 564 gaming communities across the country.
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The Industry Must Be Ready
- Clark County, home to the Las Vegas Strip, 173 casinos that met the $1 million threshold reported a combined net loss of $742.5 million in the 12-month period ending June 2021.
- Casino hotels had the largest decrease among all private industries, losing an average of 263 jobs per establishment.
By the end of 2020, U.S commercial casinos saw a 31% decline in revenue from 2019.
Preparation For The Next Outbreak
A sustained shutdown of MGM Resorts properties in the wake of COVID-19 contributed to a second quarter operating loss of $1 billion.
Caesars Entertainment Inc. is putting its losses in 2020 at more than $2 billion.
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"Covid-19 devastated our business and the employees and communities across the country that rely on casino gaming's success. These numbers show the economic realities of Covid-19 and underscore the importance of targeted federal relief and ramped-up vaccine distribution to accelerate gaming's recovery in 2021."
AGA President and CEO Bill Miller
Reviving the Industry
With GermScan,
This unprecedented step has had huge financial implications for many professional teams, but we believe through our partnerships, it will thrive even more.
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