{"id":128771,"date":"2020-03-03T09:04:16","date_gmt":"2020-03-03T17:04:16","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=128771"},"modified":"2020-03-03T10:36:56","modified_gmt":"2020-03-03T18:36:56","slug":"coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/","title":{"rendered":"Coronavirus Seen Having Major 2020 Gaming Impact, Research Firm Trims Win Forecast Eight Percent"},"content":{"rendered":"

The novel coronavirus outbreak is already hampering some of the world’s largest gaming centers, prompting at least one research firm to slash 2020 estimates for the industry.<\/p>\n

\"\"
As expected, 2020 is going to be rough on gaming operators, according to H2. (Image: Reuters)<\/figcaption><\/figure>\n

In a new report, H2 Gambling Capital, a data consultancy firm for the global gaming industry, said it’s trimming gaming win forecasts for this year by eight percent. That’s as the number of confirmed coronavirus cases around the world approaches 90,0000.<\/p>\n

The outbreak is already hammering operators in Macau where gross gaming revenue (GGR) plunged by a record 87.8 percent last month<\/a> after integrated resorts there were shuttered for 15 days.<\/p>\n

H2 has now revised forecasts for Hong Kong, Italy, Japan Malaysia, and South Korea,\u201d said the research firm in a note obtained by Casino.org. <\/i>\u201cAs a result, it is now expected the best case for global gaming market gross win will fall by one percent year-over-year.\u201d<\/p><\/blockquote>\n

That’s nearly five percent worse than H2’s initial 2020 projection, which was released prior to the emergence of the virus.<\/p>\n

Not Comparable<\/h2>\n

As COVID-19 cases began mounting in China in January, the initial reaction was to compare the outbreak to the 2003 severe acute respiratory syndrome (SARS) outbreak, which dealt a blow to Asian gaming centers. Some experts have since noted those comparisons aren’t relevant<\/a>, as the coronavirus could prove worse than SARS and present bigger headwinds to gaming operators.<\/p>\n

\n

\u201cThe SARS outbreak in China in 2002\/03 did not have anywhere near the impact on the global gambling industry, as China\u2019s (inc. Hong Kong and Macau) total gross win of $9bn at the time only represented 3.5% of the global total; however, growth in Mainland China and the deregulation of Macau means that China and its special administrative regions (SAR) generated $71bn of gross win, or 16% of the global total, in 2019,\u201d according to H2.<\/p>\n<\/div>\n

Because of strict travel controls throughout Asia<\/a>, including lack of access to Macau from some of mainland China’s largest cities, gamblers could turn to interactive and online gaming as alternatives to visiting brick-and-mortar casinos.<\/p>\n

\u201cIt is expected movement restrictions caused by COVID-19 could contribute to interactive\u2019s share of global gambling gross increasing from 13.4% to 14.7% in 2020,\u201d said H2. \u201cH2 could easily see this increasing to a level in excess of 15% should the outbreak last into the second quarter.<\/strong>\u201d<\/p>\n

Important Caveat<\/h2>\n

The research firm notes that its already bearish assumptions for gaming market gross win this year do not include downward revisions to global GDP.<\/p>\n

\u201cOur latest forecasts do not include any downgrades to 2020 GDP forecasts in other nations at this time. This could easily wipe out a further 3% (making the YoY impact c4% and the fall on 2020 expectations of >8%),\u201d according to H2.<\/p>\n

On Monday, the Organization for Economic Co-operation and Development (OECD) trimmed its 2020 growth outlook by half a percent to 2.4 percent, the lowest since the global financial crisis in 2008.<\/strong><\/p>\n

The OECD expects China, the world’s second-largest economy behind the US, to generate GDP growth of 4.9 percent this year, well below the original forecast of 5.7 percent released last November.<\/p>\n","protected":false},"excerpt":{"rendered":"

The novel coronavirus outbreak is already hampering some of the world’s largest gaming centers, prompting at least one research firm to slash 2020 estimates for the industry. In a new report, H2 Gambling Capital, a data consultancy firm for the global gaming industry, said it’s trimming gaming win forecasts for this year by eight percent. […]<\/p>\n","protected":false},"author":46,"featured_media":128773,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\nCoronavirus Will Sap Global Gaming Win 8 Percent, Says Research Firm<\/title>\n<meta name=\"description\" content=\"Not surprisingly, the coronavirus outbreak is expected to sap globl gaming win this year, with one data provider forecasting an eight percent drop.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coronavirus Will Sap Global Gaming Win 8 Percent, Says Research Firm\" \/>\n<meta property=\"og:description\" content=\"Not surprisingly, the coronavirus outbreak is expected to sap globl gaming win this year, with one data provider forecasting an eight percent drop.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-03T17:04:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-03T18:36:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/03\/macau4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/\",\"url\":\"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/\",\"name\":\"Coronavirus Will Sap Global Gaming Win 8 Percent, Says Research Firm\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/03\/macau4.jpg\",\"datePublished\":\"2020-03-03T17:04:16+00:00\",\"dateModified\":\"2020-03-03T18:36:56+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Not surprisingly, the coronavirus outbreak is expected to sap globl gaming win this year, with one data provider forecasting an eight percent drop.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/03\/macau4.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/03\/macau4.jpg\",\"width\":1280,\"height\":853,\"caption\":\"As expected, 2020 is going to be rough on gaming operators, according to H2. (Image: Reuters)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Coronavirus Seen Having Major 2020 Gaming Impact, Research Firm Trims Win Forecast Eight Percent\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Coronavirus Will Sap Global Gaming Win 8 Percent, Says Research Firm","description":"Not surprisingly, the coronavirus outbreak is expected to sap globl gaming win this year, with one data provider forecasting an eight percent drop.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Coronavirus Will Sap Global Gaming Win 8 Percent, Says Research Firm","og_description":"Not surprisingly, the coronavirus outbreak is expected to sap globl gaming win this year, with one data provider forecasting an eight percent drop.","og_url":"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-03-03T17:04:16+00:00","article_modified_time":"2020-03-03T18:36:56+00:00","og_image":[{"width":1280,"height":853,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/03\/macau4.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/","url":"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/","name":"Coronavirus Will Sap Global Gaming Win 8 Percent, Says Research Firm","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/03\/macau4.jpg","datePublished":"2020-03-03T17:04:16+00:00","dateModified":"2020-03-03T18:36:56+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Not surprisingly, the coronavirus outbreak is expected to sap globl gaming win this year, with one data provider forecasting an eight percent drop.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/03\/macau4.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/03\/macau4.jpg","width":1280,"height":853,"caption":"As expected, 2020 is going to be rough on gaming operators, according to H2. (Image: Reuters)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/coronavirus-will-sap-global-gaming-win-8-percent-says-research-firm\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Coronavirus Seen Having Major 2020 Gaming Impact, Research Firm Trims Win Forecast Eight Percent"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/128771"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=128771"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/128771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/128773"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=128771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=128771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=128771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}