Casino industry report charts sharp drop in 2020 revenues
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Casino industry report charts sharp drop in 2020 revenues

“COVID-19 devastated our business and the employees and communities across the country that rely on casino gaming’s success,” association President and CEO Bill Miller said in a statement that also pointed to the effects of a “standstill” involving live entertainment, meetings and conventions.

“Hospitality and travel have been among the sectors hardest hit by the pandemic,” Miller said. “These numbers show the economic realities of COVID-19 and underscore the importance of targeted federal relief and ramped-up vaccine distribution.”

The report from the industry advocacy and lobbying group noted the decrease in revenues in 2020 was far greater than the 8.4% drop charted from 2007 to 2009 during the Great Recession.

The…

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