The ECA pointed out that the worst affected casinos, such as those in Sweden, have now been closed for an entire year.
On average, land-based casinos lost an average of over 37% of normal operating days throughout 2020, according to the survey, while European land-based operators have seen revenues fall on average by over 50% in the last year.
The association said that the majority of its members still do not have a clear schedule for the official reopening of their businesses in 2021.
“This is the deepest trough the European land-based casino industry has ever experienced. The financial impact of the pandemic on the land-based casino sector has been extreme, and these numbers show the economic realities of Covid-19 on the European land-based casino sector,” said ECA chairman, Per Jaldung.
“We are under no illusion that the industry can return to ‘business as usual’ any time soon,” Jaldung added.
ECA secretary general Hermann Pamminger commented: “The relaxation and tightening of numerous lockdowns in 2020 demonstrated the ability of the land-based sector to safely and responsibly return to business.”
“Our employees cannot wait for the day business is back to normal and they can once again welcome guests to their casino and entertainment venues, but our industry continues to need support to achieve this during an extraordinarily challenging period,” Pamminger concluded.
Source: iGB
