Macau Casinos Lose 88% Due To Coronavirus

The economic consequences of the worldwide spread of the COVID-19 virus are slowly becoming apparent. Many factories in Europe and the United States can no longer meet their production standards because their Chinese suppliers have shut down. Tourism to contaminated areas has been temporarily shut down and entire local economies are shutting down.

The casino industry also suffers from the Corona virus

Macau, the Chinese gambling city with the most money being converted around the world, had to take very stringent measures in February to curb the outbreak of the virus. These measures resulted in a 87.8% decrease in gambling revenue. At land based casinos, gambling revenue consists of all bets minus payouts. In other words: that what remains in the casinos gross below the line. By February 2020, Macau sales had fallen to $ 386 million from $ 3.14 billion in the same month of 2019, when it was still operating normally. It’s not a typo: in a normal month, over $ 3 billion in casinos are lost in Macau.

What measures have been taken in Macau because of the Corona virus?

No half measures have been taken in Macau to prevent further spread of the Corona virus. The main measure was to close all Macau casinos for 15 full days, starting February 5. Although Macau was much quieter than usual at the end of January due to all the tourist restrictions, in February the always bustling city turned into a real ghost town.

And then, like The Venetian Macau, you can still be the largest casino in the world , if the doors close, the tables will also remain empty. And then not a single Macau pataca is lost at the baccarat and Sic Bo table.

On February 20, most Macau casinos reopened, albeit under strict security measures:

  • At the gaming tables, there must always be at least one space available between players
  • There must always be at least one empty slot machine between two occupied slot machines
  • Standing bets are no longer allowed, sitting is compulsory
  • All players, dealers and other casino personnel are required to wear a facemask

What are the long-term consequences of the Corona crisis for Macau?

Not only gambling sales fell by 88%, the restaurants, rooms, shops and bars also closed. The financial impact on the results of Macau casinos will therefore extend far beyond just the loss in gambling winnings. All staff had to continue to be paid during the closure, which costs a casino millions of dollars per day.

Opt to play on online gambling (http://dewapokeronline.co/) in this time of health crisis. Entertainment is still accessible, all you will actually need is a computer, an internet connection, and an account.

It is already certain that the year 2020 will be disastrous. The Corona virus effect will certainly continue for a few more months and before visitor numbers and spending patterns are at the old level, you may be a year further. Stock prices of Macau casinos may fall very sharply. The real question would be how hard will the fall be?

 

Gambling As A Business Can Lead To Loss Of Control And Profits

Gambling is a billion-dollar business for providers. A large part of this business are coming from non-regulated areas. The players bear the risk.

According to the Federal Center for Health Education (BZgA), lying about gambling is a hallmark for gambling addicts – playing with ever-increasing stakes and criminal fundraising is another. According to estimates, there are 200,000 pathological gamblers in Germany, says Tilman Becker, head of the gambling research center at the University of Hohenheim. There would also be around 300,000 problematic players.

The majority of these pathological and problematic players gamble on machines. For almost 77 percent of the players who go to outpatient counseling or treatment centers, this is the main form of gambling. This emerges from the Addiction Help Statistics 2017 of the Institute for Therapy Research.

Factual tolerance of illegal games

Online casinos and online poker are part of the non-regulated gaming market – they are illegal in many countries such as Germany and Indonesia. But even if these games are not legal, many players still find a way to have access to these sites like live casino in Indonesia (https://dewa303.id/sbobet-taruhan-judi-bola-dan-live-casino-online/). In Germany, this black market includes gambling offers that do not have a German license but do have one from another EU member state. Much of it is actually tolerated.

The unregulated market is booming

Of the approximately 14.2 billion euros in revenue generated by gaming providers in Germany in 2017, 22 percent were generated in the non-regulated area, which also includes online sports betting. The figures come from the annual report of the federal state gaming regulators. While the regulated market grew by only 1 percent compared to the previous year (EUR 157 million), the non-regulated market grew by 24 percent (EUR 626 million).

The federal states are currently debating a reform of the State Treaty on Gambling. An opening of the sports betting market is planned. However, online gambling is said to remain prohibited.

Gambling researcher Becker calls for more control and regulation from a cross-border authority. Above all, player protection must continue to be promoted: “Experts agree that a lock file is a very important preventive measure for gambling addiction.” So far there is a locking system for all arcades only in Hessen. The lock can be applied for by the players themselves, relatives or the operators.

Georg Stecker, the spokesman for the board of the German Automata Industry (DAW), advocates a nationwide biometric access system. “We don’t want to make money from addicts.” The association refers to trained personnel in the arcades – only in a legal framework could players play protected.

Online Gambling: A Profitable Game

Since the rise of online casinos and online gambling, a lot of players have been taking advantage of playing it and making it a profitable game.

There have been a lot of people who testify to this new digital era that, indeed, online gambling can be beneficial to a lot of users. However, for you to get profitable online you must also risk your money— because the key to making more money is to invest money and bet in your luck.

Which typically does not really come easy at all, especially if you are competing with real players online from all over the world.

It’s Going to Luck Vs Skills

This is one thing you should put in mind, the way to winning good cash prices in a gambling game is not through luck— it should always be on skills.

The key to striking a win in online casinos must be based on how you play the game, on your skills. However, there are other casinos in which games are luck-based games. Luck based games are games where the house has the edge. This simply means that there is no other way to or secret formula to the game aside from cheating to win.

Games to Play

There are tons of games to play with on gambling games online. But you have to be very keen on choosing one.

Moreover, before starting or enrolling to the skill-based game, or a tournament game you should first take note of a very few easy games as starters. These are:

  • Poker,
  • Yahtzee,
  • Chess,
  • Backgammon,
  • Rummy,
  • Tonk, and
  • Spades.