Wyomissing, Pennsylvania-headquartered Penn National Gaming Incorporated has recently announced the reopening of more than 70 per cent of its casinos following corona virus-induced shutdown, but thousands of its employees will likely not be around long enough to celebrate as the entertainment giant has warned of permanent layoffs.
German airline Lufthansa has informed that it might need protection from creditors if the shareholders of the company don’t approve the German-government backed bailout plan on the voting to be held on June 25. Lufthansa was among the first major European airlines to announce that the impact of COVID-19 pandemic on its finances would be difficult to manage. The airline announced initial jobs cuts and has indicated further job cuts even after the German government approved bailout package for the airline.
Malta-based innovative online gaming solutions provider Yggdrasil Gaming Limited’s newly launched Lightening Joker comes with turbo spin advance feature that offers a chance for players to win up to 10,000 times of their original stake in a single spin.
Wind Creek Bethlehem remains closed as Northampton County officials have yet to give green signal for its reopening, but the casino has plans to call all of its employees back to work in stages.
The Vermont State Senate is widely expected to approve the bill that would create a committee to examine how sports betting could be legalized in the Green Mountain State.
The confirmation of a positive case of the potentially deadly corona virus at the Morongo Casino Resort & Spa in Southern California has triggered new concerns over public health safety, pushing many to predict that reopening of casinos could pave way for another wave of the deadly transmissions.
Continuing to struggle in the wake of the COVID-19 shutdown, Wynn Resorts’ Macau hotel and casino business is suffering a loss of nearly $2 million per day with revenue down 97.6 per cent in the first two months of the second quarter of the current fiscal year.
Illinois Gaming Board has released a series of guidelines for casinos to follow and implement before resuming operations, with special emphasis on deep cleaning and social distancing protocols.
Wal-Mart acquired controlling stake in Indian online retail leader Flipkart in 2018 and Tiger Global’s Mauritian arm sold its stake to Luxembourg based entity. However, Tiger Global managed to get exemption on taxes under India-Mauritius double tax avoidance treaty. Now, the Authority on Advanced Ruling in India has passed an order on the deal and Tiger Global could be in for tax trouble.
June 29th seems to be the earliest possible date for Massachusetts’s casinos, including Encore Boston Harbor, to resume operations as the state will soon enter the Phase 2 of reopening plan, with phase 3 scheduled to start late this month.