The company senses that casinos will be “far more resistant” to potential closures now than earlier in the year, when it was less clear what the consumer appetite for visiting a casino would be during a pandemic, he said. The potential for widespread casino closures after closures in the spring “is a clear negative for the industry,” he said. “The only questions are how restrictive measures will be and what specific form those measures will take.”
retail casinos across the next two quarters,” according to Chris Grove, a financial analyst with Eilers & Krejcik Gaming. “It is hard to imagine a world in which we don’t see more restrictive operating environments for U.S. The closures come as a growing number of cities and states across the country are once again shuttering their nonessential businesses, including casinos, in the face of a worsening pandemic.
(AP Photo/Carlos Osorio)Ĭasinos in Michigan are closing for at least three weeks in an attempt to control the spread of COVID-19 - a move that gaming industry experts see as potentially a sign of things to come for casinos in Las Vegas. 1, 2007, file photo, crews continue to work on landscaping outside the MGM Grand Detroit casino in Detroit.
