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Gambling and Sports Betting News February 11, 2020: Coronavirus Shutdown Costing Macao’s Gaming Industry $100 Million a Day

Written by:
C Costigan
Published on:
Feb/11/2020

Here are today's headlines in the world of gambling and sports betting as they happen - Tuesday February 11, 2020.


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Coronavirus Shutdown Costing Macao’s Gaming Industry $100 Million a Day

Macao, which has 10 confirmed cases of the illness, isn’t on lockdown like cities across the border in mainland China. But the former Portuguese enclave has ground to a virtual standstill ever since the government took the unprecedented measure last week of closing the territory’s 41 casinos for half a month.

Hotels are locking their doors. Popular live shows are suspended. And the city’s notoriously seedy spas are shuttered, unheard of even during the worst typhoons.

More significantly, about $100 million is being lost each day by the gaming industry, which directly employs one-fifth of Macao’s labor force and provides the government with 85% of its tax revenue.

Read More Here

Gambling News

Covid-19: Russian Ping-Pong Steals the Show, Casino Employees Test Positive

Covid-19: Russian Ping-Pong Steals the Show, Casino Employees Test Positive

“Russian ping-pong has stolen the show,” said Nick Bogdanovich of the William Hill betting chain. “You can’t even find it streaming anywhere to watch, but people are betting on it.”

Gambling and Sports Betting News April 6, 2020: NJ Casinos Losing $540 Mil a Day, Tribal Casinos Could Go Under

Atlantic City is virtually a wasteland that is costing the state $540 million in casino-related revenues every month while they remain locked down amid the deadly pandemic while a number of Tribal casinos are not likely to survive an extended shutdown beyond June.

NBA winning odds

NBA winning odds

The current NBA regular season is being put on hold until further notice, due to the global coronavirus pandemic, but the attention is there on the 29 out of 30 teams which still compete for the title. 

Gambling and Sports Betting News April 4, 2020: TVG Horse Racing Network Seizing the Moment Amidst Pandemic

A handful of U.S. tracks have soldiered on through the pandemic, closing their gates to fans and running strictly for a TV and simulcast audience. TVG is providing a bit of balm for two bereft populations — people who watch sports, and people who bet on them — by continuing to show races on its cable channel and offering wagering via its website. Fox’s FS1 and FS2 networks also are airing some live horse racing.

SC Prosecutors: Deputy Took Bribes to Protect Gamblers

SC Prosecutors: Deputy Took Bribes to Protect Gamblers

A deputy in South Carolina took money from illegal gamblers for five years to protect them from the law and kept feeding them information after the payments stopped, authorities said.

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