The outbreak of the Coronavirus has had a major impact on the gaming industry. With this in mind, GGB is committed to keeping its readers informed as the world faces this growing pandemic. GGB will provide updated news and analysis on our weekly news site, GGBNews.com.

Gaming Blasted By Virus

Gaming Blasted By Virus

The Macau casinos were the first to be impacted financially by the deadly coronavirus that arose in December in Wuhan, China. But it wasn’t long before the entire industry took a hit. In this chart compiled by The Innovation Group and Innovation Capital, the share prices of all gaming companies suffered steep declines, even more than the major indices like the S&P 500. Hit hardest were the operators, both large cap (many of the companies with exposure to Macau) and regional companies that have no connection to Macau. The chart does not show the gaming suppliers, but they did not escape the carnage either. To obtain a copy of the study on the impacts of coronavirus on the gaming industry, visit the website for The Innovation Group, theinnovationgroup.com.

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