In recent weeks, COVID-19 (better known as coronavirus) has globally sent shock waves through markets and captured the attention of the world. Since mid-February, the outbreak has accelerated and infections have become widespread, resulting in significant market volatility that is expected to continue in the near term. Substantial disruption to business operations has occurred, and all sectors of the economy have been impacted, especially the casino gaming industry.
The general outlook of the industry is varied, and uncertainty is likely to persist until the duration and overall impact of COVID-19 can be determined. However, there are key trends in the space that demand attention.
Houlihan Lokey presents an assessment of the virus' impact on the casino gaming industry below.
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