As Coronavirus continues to take hold of a majority of the world, there has been a huge economic impact. With fewer people on the streets and the closure of stores and other businesses there has been a huge impact on the New Zealand gambling industry but to what extent. In this article, we will be looking into this impact and how it may affect the industry in the future.
Lockdown Measures Across The World
When looking at the effect that the pandemic across the world, it is easy to see that there are different approaches to containing the virus. With some resorting to strict lockdown measures and others experiencing no form of lockdown at all, this is a truly unprecedented time for everyone. But as many countries still remain in some form of lockdown, questions are arising around how soon it will be before we begin to see a return to normalcy.
A majority of this uncertainty comes from businesses owners and the hospitality business as they are some of the worst-hit in this ongoing crisis. With finances running low and many relying on government help, there are a majority of businesses that have seen a huge drop in revenue in recent months. One of the worst affected by this is the gambling industry as mid-season closures of brick and mortar casinos equate to a vast drop in revenue.