The US industry is under enormous strain from the coronavirus outbreak. Among the hardest-hit businesses are those which deal with the tourism, entertainment and hospitality sectors. Naturally, the impact on the casino industry is huge and only growing. As the COVID-19 pandemic spreads, so it closes down casinos as well.
Right now, over 600,000 casino staff across the states are out of work. AGA or the American Gaming Association and other groups already warned about the damage to the industry. Now, it updated its report on the economic toll that is mountain every day. Presently, 95 per cent of commercial casinos in the US are not working. 76 per cent of tribal facilities are also closed. Both sectors shut down their doors either after orders from the state authorities or voluntarily.
CEO of AGA, Bill Miller, stated that 616,000 workers are now not able to earn their wages. To make things worse, the casino industry is heavily working with other businesses. Thanks to the closures, an additional 350,000 workers are seeing their incomes drop. Many are working in small businesses that reside on casino contacts.
Presently, all of their livelihoods are in huge danger. Besides this, the AGA also showcases a range of other metrics showing just how big of a problem is the industry facing. Also, besides a network of local business, it showcases how much the casino revenue taxes help the local communities.
Money from these sources is funding a range of public services in many US states. These include local hospitals, many first responder offices and other vital elements of everyday life. All of them are now in a financial chokehold because of the COVID-19 outbreak and subsequent shutdown.
Miller finished with a second call for the support this week. He urged the US federal government to act comprehensively and swiftly to get casino workers back to their jobs. There is a clear understanding that the virus is not going anywhere and the casinos know this. But the AGA is pleading for a sign that a stimulus package will be there.
Yet, the US Congress is not giving out any clear message on that issue. As industries line the block to ask for money, other countries are showing worrying developments. In the UK, the retail betting industry found out that it will not look forward to any exemptions on paying business rates. Now, the AGA is hoping that a similar event does not impact the US gambling business.
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