Nevada’s April Casino revenue lowest on record due to COVID-19 lockdown

Nevada’s April Casino revenue lowest on record due to COVID-19 lockdown

The Nevada Gaming Control Board (NGCB) on Saturday released its casino gaming revenue report for the month of April, showing that the Silver State’s casino revenue slipped to lowest on record due to corona virus pandemic.

According to the newly released casino gaming revenue report, Nevada’s all casinos collectively generated revenue amounted to just $3.64 million during April this year versus $936.4 million in April 2019. It was the lowest revenue generated by Nevada’s casinos in a single month ever since the gaming regulator started keeping records.

However, the revelation didn’t surprise anybody as the Silver State’s gaming and entertainment venues remained completely shut down in the concerned month due to corona virus pandemic. All non-essential businesses were forced to suspend their operations in mid-March after Nevada Gov. Steve Sisolak issued “stay-at-home” order to curb deadly COVID-19 transmission. The month of April was definitely humiliating time for the state’s gaming-driven economy, which earlier saw their March revenue slipping 40 per cent year-on-year to $618.1 million.

The NGCB’s casino revenue report for the month of April is totally based on online poker and online sports wagering as brick-and-mortar venues remained closed during the concerned month. However, the report didn’t reveal separate figures for online poker and online sports wagering.

In the revenue report, the NGCB states, “Unit detail is shown separately only when there are 3 or more licensed locations reporting specific unit information. Otherwise, such information is included in ‘Other’ categories.”

As the casinos remained closed during May as well, the next casino revenue report for the month of May will most probably be equally discouraging and opaque. The only question will be if May’s revenue figures will be even worse than those of April.

Gov. Sisolak has set June 4th as the date for reopening of nonessential businesses, including casinos, saying he believed that casinos could resume operations safely under a string of strict safeguards issued by state health authorities to ensure public health safety amid unrelenting COVID-19 pandemic.

A number of Nevada-based commercial and tribal casinos have already announced their plans to resume operations on June 4th, but industry experts have warned that the journey to return to full capacity will not be easy as the entertainment venues have been instructed to put various strict precautionary measures in place in addition to curtailing their capacities.