Spanish gambling industry enduring stark coronavirus-induced decline
In Spain and aggregated gross gaming revenues for the first ten months of 2020 reportedly decreased by 50% year-on-year to approximately €4.3 billion ($5.2 billion) owing to the impacts of the ongoing coronavirus pandemic.
According to a Wednesday report from iGamingBusiness.com, the disappointing figure was revealed via a special study conducted by the local Cejuego trade group in partnership with the University Carlos III of Madrid amid a year in which every segment of the industry including online and land-based is experiencing comparative revenue declines.
Persistent problems:
The investigation reportedly also divulged that private gaming companies chalked up ten-month domestic revenues of about €2.4 billion ($2.9 billion) with the sta…