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Gaming Blasted By Virus

Fri, Mar 20, 2020

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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