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.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Average daily visitor arrivals to Macau exceeded 21,000 around the New Year’s Day between December 31 and January 3, while the average occupancy rate of local hotels exceeded 67 percent. On New Year’s Eve, Macau registered 30,747 visitor arrivals, the highest daily record over the last eleven months.
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.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.