Gaming chief executives enjoy one last normal pay period before the COVID wrecking ball swings, and AETHOS Consulting’s annual salary survey determines which of these leaders truly earned their 2019 compensation
As 2019 rolled to a close last winter, the gaming industry was in a mood to celebrate—after all, it was a banner year in terms of revenue and company valuations were high, which was leading to deals such as Eldorado Resort’s purchase of Caesars Entertainment and Penn National Gaming’s share acquisition of Barstool Sports.
Recent surveys found that nearly nine in 10 U.S. employees (86 percent) believe their employer has an “obligation” to notify employees who may have been in contact with a co-worker who tested positive for COVID-19.
Few would argue that the gaming industry financially took it in the teeth during the first weeks and months of the COVID-19 epidemic—not surprising, given that the primary way of stopping the spread of coronavirus was by shutting down businesses that draw mass crowds of people, which is the very definition of a casino resort.
Approximately 13 percent of American adults plan to bet on National Football League (NFL) games this year despite lower enthusiasm from fans in general about the 2020-21 season, according to a new survey from the American Gaming Association (AGA).
Colorado sportsbooks again capitalized on interest in nontraditional sports to produce modest gains in June, but the uptick will likely pale in comparison to an expected July surge powered by the return of major North American sports, according to PlayColorado press release.
In stark contrast to the devastating impact COVID-19 is currently having on casinos, 2019 was another top-notch economic year for the domestic gaming industry, with U.S.-based commercial casino revenue topping $43.6 billion, up 3.7 percent from 2018 according to the annual State of the States report produced by the American Gaming Association (AGA).
Although the rapid growth of New Jersey-based online casinos and poker cooled a bit last month—combining to generate $84.9 million in revenue, down 1.2 percent from the record $85.9 million in May—year-over-year results continue to impress, with May 2020 revenue up 123.1 percent from $38.1 million in May 2019, according to PlayNJ.
Gaming industry continues to lose amid coronavirus pandemic
June 22, 2020
A recent survey of gaming and hospitality industry decision makers regarding coronavirus-related issues showed that a growing number of respondents believe it will take three months or less for their businesses to get back on track.