Land-based gaming closures continue across Europe

first_img9th November 2020 | By Conor Mulheir Although this represented a 33.2% year-on-year decline for the period, it was up significantly from the beginning of the year. Lithuania’s government has announced a temporary lockdown which will see the closure of all catering establishments, restaurants and cafes, as well as entertainment and gaming venues across the nation. Those restrictions see former OPAP stores close, as well as its Play-branded gaming halls, alongside street vendors distributing Hellenic Lotteries products and the horse-racing facility at Markopoulo. In late October, it was announced that venues in France, Germany and Italy would also be shuttered amid a resurgence of cases of Covid-19. Lithuanian gambling revenue in the first half of 2020 fell by 15.9% to €43.8m (£39.6m/$52.0m), as online products overtook land-based for the first time in the jurisdiction. In the land-based sector, revenue dropped by 41.0% to €20.4m as a result of lockdown restrictions imposed in the first half of the year. The lockdown will last from 7 November until 29 November, and all gambling in land-based venues will be banned for this period. Topics: Casino & games Land-based casino Regulation Retail lottery Retail sports betting Regions: Europe Baltics Southern Europe Latvia Lithuania Greece Land-based gaming closures continue across Europe Subscribe to the iGaming newslettercenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Land-based gaming venues such as betting shops and casinos have closed in Latvia, Lithuania and Greece as governments announce further lockdown measures in response to the novel coronavirus (Covid-19) pandemic. The government of Greece has also announced a 3-week suspension of land-based gaming as part of another national lockdown, to be imposed from 7 November until 30 November. Land-based casino Email Address OPAP will continue to offer its range of products online during this period. The operator’s revenue was shown to be down 34.8% year-on-year for the first half of 2020, however it said it saw performance recover quickly once the nation’s first lockdown restrictions had been eased. The operator was left with an operating profit of €36.9m for the half, down 74.5%. The Latvian market was thought to be recovering from a difficult Q2, as revenue jumped from €12.3m (£11.1m/$14.3m) in the second quarter (while all forms of gambling were suspended from 6 April until 9 June) to €55.2m in Q3. Latvia faces a slightly longer lockdown, from 9 November to 6 December, as the government there has declared a state of emergency in relation to the pandemic. The news follows several other jurisdictions in Europe entering into lockdown in November, with England, the Netherlands and Belgium all seeing gaming venues close last week.last_img

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