The casinos in Russia’s Primorye and Siberia zones have extended their operational suspensions for an indefinite period of time amid the Covid-19 outbreak.
Tigre de Cristal in the Primorye gambling zone announced on its Instagram page that “the date of its opening will become known as soon as the overall epidemiologic situation in Russia improves.” The property is owned by Hong Kong-listed Summit Ascent and SunCity Group is a major shareholder.
Altai Palace in the Siberian Coin gambling zone made a similar announcement, calling on its followers to observe the self-isolation regime imposed by the Russian authorities.
Earlier, Russian President Vladimir Putin introduced a national no-work order through the end of April in a bid to prevent the virus spread. Moscow Mayor Sergei Sobyanin ruled that all non-essential businesses in the Russian capital, including betting shops, will be closed until 1 May.
The Russian casinos were amongst the last to close their doors, suspending all remaining operations on March 31st. As of April 6th, Russia had 6,343 cases of COVID-19 with 47 deaths. Most cases are in the capital, Moscow.
The Kangwon Land Welfare Foundation announced that it provided KRW630 million (US$561,000) for the operation of social welfare facilities and group programs in Gangwon Province as part of the “Welfare Infrastructure Revitalization Project in 2021.”
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.