Global Gambling Provider Confirms Revenues After Casinos' Reopening
Even though&nbsp;the latest casino news reports&nbsp;that gambling providers are only suffering, Casinos Austria International declared the first profit after opening their gambling facilities. The company reached a positive financial balance in some countries, giving hope for a fast recovery. The Austrian global casino provider received the first revenues after people could enter gambling venues. Casinos Austria International surpassed &euro;50 million income drop during the first half of 2020, which is about 30% of the year-on-year negative tendency. The latest period and lockdown weakening allowed the losses to decrease. Casino representatives from Belgium reported almost 6 million euro losses, while Swiss gambling venues exceeded two million euros wastage. Denmark tried to turn to a positive balance, but more than &euro;700 thousand put them on the negative side. At the same time, opening the casino facilities in Germany and Hungary led to first revenues. Thus, German casinos reported a &euro;2.5 million profit, while Hungary gave another half a million euros income. Why are those numbers a positive tendency? The year 2020 is the whop for almost all entertainment businesses, which has led to considerable losses in diverse industries. The total lockdown made land-based casinos unprofitable venues that showed losses since February. The first revenues shown by Hungary and Germany, even not the biggest ones, confirm that the land-based industry has the potential to recover. The economic crisis caused by the coronavirus lockdown could negatively influence casinos&#39; clients, but the recent report showed that the potential fast curing is still possible. Read more:&nbsp;How casinos measure profits: gross gaming revenue vs. net gaming revenue? Read more:&nbsp;Software for casino: how to choose the best one?