Mass Dismissal of Casino Workers Worldwide VS Online Casinos Increase

casino workers

Just a month ago, the MGM network reported a sharp decrease in profits and a subsequent dismissal of 18 thousand people, after which news of massive layoffs of gambling employees began to appear around the world. The chairman of the US Federal Reserve said the economic decline associated with the pandemic is unprecedented.

Mass Dismissal of Casino Workers by States

1. The USA

Several days after the announcement, MGM Resorts International, the company that owns the Borgata Hotel Casino, has fired another 2,300 workers in Atlantic City. Meanwhile, CEOs of the company reported that approximately 3,100 people (about 60%) would keep their jobs. They also have said that the decision was not easy for the management, and when the economic situation improves, they would not mind taking everyone back to work.

Meanwhile, the American Gambling Association (AGA) announced that online casinos in the United States had revenues of more than 145 million EUR in August 2020. It is 224% more than in 2019. Due to the threat of the coronavirus spread, people are more likely to refuse to visit land-based casinos, preferring the online segment. Therefore, top online casinos from casinorating.com are gaining more popularity.

2. The UK

At the end of September, casino owners in Great Britain warned the authorities about an increase in the number of unemployed due to the introduction of stricter quarantine measures. They wrote an open letter in which they demanded to provide social guarantees for 14 thousand people who could be fired due to the imposition of a curfew. After analyzing the data, they concluded that almost 70% of the money earned comes overnight. By prohibiting entry to such establishments after 10 pm, the government condemns half of the staff to lose their jobs.

3. Macau

Recently, the Casino Employee Advocacy Association said that approximately 20,000 people working in the gambling industry are now on unpaid holiday and receive no assistance. The association also emphasizes that being on leave of absence or part-time employment is even worse than dismissal since, in this case, the state does not provide any financial assistance.

Key Reasons for Dismissals

Within six months, the revenue of gambling networks has been falling, which affects the company’s work as a whole. Therefore, most institutions around the world have decided to reduce the number of employees, thus try to stay afloat and not close at all.

casino workers - reasons for dismissals

Meanwhile, the only ones who are somehow surviving with minimal losses are online gambling establishments. Now, they spend less, but the most important source of advertising as bonuses and promotions for registration still attracts many new visitors. Moreover, some casinos started to earn even more than before the crisis.

All this means that the majority of gamblers switched from the land-based casinos to online alternatives. And what about you? Share your answer with us in the comments.