The land-based gambling industry in the United States is in trouble. As the new coronavirus spreads around the country, more casinos are being forced to close down. As a result, several major US casino companies are now asking Congress for emergency aid.
These companies are facing a very difficult road. It may be months before they’re able to open their doors to the public again. Today, we’re going to look at which states have forced casinos to close and how this industry is handling the new regulations.
Gambling Industry Continues to Be Hit With Tough Regulations
As of now, more than 5,300 individuals in the United States have tested positive for Covid-19. This virus is showing a unique ability to spread and containment efforts around the country are proving ineffective. As more cases are revealed, states are introducing tougher regulations.
One industry that’s being severely affected is the land-based gambling industry. In many states, lawmakers have forced all casinos to shut their doors. This includes Mississippi, New York, and New Jersey.
Obviously, this is costing these casinos a huge amount of money every single day. The troubling thing is that gaming companies have no clue when their venues will be able to open again. Unless infection rates begin to plummet, it’s unlikely they will be able to accept patrons.
Based on the current trend, that’s unlikely to happen anytime soon. The lack of proper testing protocols in the country has contributed to a huge number of cases going unreported. No one really knows how many people in the US currently have Covid-19.
It’s an unprecedented time for US casino companies. Some are now going to the government in search of emergency relief.
US Casino Companies Request Help From Congress
In many parts of the country, the land-based gambling industry is hugely important. Las Vegas, for example, relies considerably on its gambling revenue. In this city, tourism is at an all-time low and most major casino-resorts have already closed their doors.
Many companies are already suffering greatly from these casino closures. Today, several began asking for emergency aid from Congress. The American Gaming Association claims that nearly 40% of casino employees are already being affected by the coronavirus regulations.
This comprehensive package would most likely come in the form of a bailout for major casino operators. It would be similar to what the government has offered to airlines and cruise companies. Several other relief options are also being considered.
The American Gaming Association commented on the situation in an official statement this week.
“As state governments close casinos as a part of the urgent public health response to COVID-19, elected leaders should move just as urgently to support the workers and businesses who will bear the brunt of those effects,” the statement said. “Our immediate priorities are actions that provide liquidity to allow us to support employees.”
The US gambling industry currently supports nearly 2 million individuals. Obviously, this makes it an extremely important industry for many parts of the country. We’ll need to wait and see how Congress responds to this request over the next few days.
What to Expect in the Coming Months
Even the top health experts in the country are having a difficult time predicting how this situation will play out. The future depends greatly on how individuals across the country respond to the situation. Just about everyone understands that things will get worse before they get better, though.
Many more cases are going to be announced in the coming weeks. The country’s top health expert believes we may see the infection peak around 45 days from now. During this time, it’s unlikely that casinos will be able to operate.
Some states have yet to close their casino markets. It’s still unclear how these US casino companies will respond to these new regulations.
Interestingly, we’re seeing a major increase in online gambling right now. More and more individuals are choosing to stay at home to practice social distancing. Many are choosing to make wagers online while self-isolating.
There are a huge number of fantastic US internet casinos available nowadays. Most of them are fantastic. Feel free to check some of them out and see all of the different games being offered!
It’s a tough time for US casino companies right now. Hopefully, the government is able to help out. Stay tuned for updates over the next few weeks!