One of the leading casino operators in Japan, the Okura Holdings Limited has just recently released its profit warning following releasing news that the company expects a massive comparable decline of around 83% in its earnings before taxation for a period of eleven months until the end of May. According to one related post released by Inside Asian Gaming, this Hong Kong-listed company used one of its official fillings to share more details about the expected comparable decline in its earnings.

The biggest reason behind issuing its profit warning is to advise all o sots investors to remain cautious when dealing with the company’s shares during these rough times caused by the ongoing coronavirus pandemic. The company’s officials also released that Okura Holdings Limited generated around $9.2 million in earnings for the previous financial period. However, while the latest profit warning raises fears that it may struggle greatly to reach $2 million which is a massive drop when compared to $9.2 in profits for the previous financial period.

Okura Holdings Limited Responsible for Seventeen Pachinko Halls

Okura Holdings Limited is one of the major pachinko halls and casino operators in Japan. As of the 16^th of April 2018, Okura Holdings Limited is responsible for seventeen pachinko halls which are located across different locations in Japan. The company particularly focuses on the Kyushu region where many of its pachinko halls are located. Either way, customers at its pachinko halls get to play both pachislot and pachinko games which are among the most popular entertainment forms in Japan.

The company opened its very first gaming venue in Nagasaki back in 1968 which means Okura Holdings Limited is among those long-standing gambling operators in Japan. Nagasaki is also home to the company’s main office. Back in 2003, the company has expanded into the thriving Kanto region following its major success in the Kyushu region.

Almost ten years later in 2012 Okura Holdings Limited opened its gaming facility in the Kansai region and one in the Chugoku region back in 2016. All in all, Okura Holdings Limited has gone a long way from its Monaco Hall that opened in 1968 as today it is one of the major nationwide pachinko hall operators with seventeen pachinko halls.

Considerable Decline Post-Coronavirus Pandemic

Okura Holdings Limited surely raised many eyebrows after deciding to keep its seventeen pachinko halls across the nation open ever after the Japanese government decided to put the nation into a state of emergency due to the ongoing coronavirus pandemic. The vast majority of such venues temporarily shutter form the 7^th of April while Okura Holdings Limited decided to suspend its business operations at facilities in Tokyo and Yokohama several days later before shuttering all of its seventeen properties across the nation.

In its latest profit filling, the company’s officials stated that their predicted declines in the company’s yearly earnings are generally attributable to a massive decline in the company’s revenues caused by lockdowns and other measures that came with the coronavirus outbreak. The company also stated that it expects to record impairment losses on its equipment, plant, property, and other assets for a period of twelve months until the end of this month.

At the moment, the company is still working on assessing the exact amount of its expected impairment losses while it also works on its post-coronavirus plan and how to get back in the game after all coronavirus-related measures are lifted by the nation’s government.

One of the most prominent United Kingdom-based bookmakers, GVC Holdings has just recently announced that it is ready to implement its coronavirus lockdown emergency plan. According to the company’s carefully formulated, rather comprehensive plan, GVC Holdings betting shops may start emerging from lockdowns caused by the ongoing coronavirus pandemic.

Today, GVC Holdings operates over three thousand and five hundred betting shops and similar betting facilities across the United Kingdom following its Ladbrokes Coral Group acquisition in 2018. The company’s officials used one of the latest official press releases to proclaim that the coronavirus lockdown emergence strategy has been carefully crafted in line with all guidelines which were set by the World Health Organization and the UK government to ensure the well-being and health of all customers, colleagues, and others.

GVC Holdings Since 2004

GVC Holdings founded back in 2004 as Gaming VC S.A. is one of the most prominent British gambling and sports betting firms. Today, GVC Holdings one of the FTSE 250 Index constituents, and it is also listed on the London Stock Exchange. The company was established in Luxemburg under its former name which was officially changed to what we know today as GCV Holdings in 2010.

Two years later after being renamed to GVC Holdings, the company acquired Sportingbet. At the time, William Hill took over the Spanish and Australian online sports betting markets while GVC Holdings took the remainder. Then, four years later after acquiring Sportingbet, GVC Holdings bought Bwin.Party Digital Entertainment for your £1.1 billion after winning a long bidding battle with its competitor 888 Holdings.

Since being acquired by GVC Holdings limited, the prominent bwin-party had significantly boosted its revenues after several years of rather disappointing numbers. In December of 2017, GVC Holdings acquired Ladbrokes Coral for around £4 billion. The acquisition process was completed the following year in 2018. In July of that same year, the United Kingdom owned of Ladbrokes Coral signed a business deal with the iconic MGM Resorts firm which allowed GVC Holdings to capitalize on then newly-legalized United States sports betting markets.

GVC Holdings’ Plan Implemented at Properties Across England

Today, GVC Holdings based in the Isle of Man had iGaming and other necessary licensed to operate in more than eighteen countries. With 28,000 employees, the company also has contractors in many locations across South America, North America, Asia, and Europe. Some of the brands operated by GVC Holdings are Ladbrokes Coral Group, bwin, Sportingbet, Betboo, Gamebookers, VistaBet, Neds, partycasino, CasinoClub, partypoker, Gioco Digitale, Foxy Casino, Foxy Bingo and even more.

When it comes to the company’s coronavirus lockdown emergence plan, the company’s officials recently proclaimed that its plan may start being implemented very soon at the company’s over two thousand properties across the Channel Islands and England. Naturally, the plan also encompasses safety and protection measures including social distancing and other safety procedures.

According to the company’s officials, GVC Holdings-owned and operated facilities in Northern Ireland, Wales, and Scotland are also expected to re-open as soon as governments from these territories allow such actions. Casinos alongside betting shops in the United Kingdom were forced to shut down from the 20th of March. Eleven weeks later, Prime Minister’s government is keen to start allowing these facilities to re-open even though the country’s daily coronavirus infection rate remains around two thousand.

Officials of some of the leading, most prominent casino operators based in the United States are holding internal, informal meetings to discuss future business possibilities for the gambling capital. More specifically, representatives of the biggest casino operators are discussing ways to resume operations and open their Las Vegas-based venues once the coronavirus pandemic concludes.

According to one report released by the Bloomberg news outlet, these informal meetings between casino operators that concern the most iconic casino destination also examine whether the state of Nevada’s officials should allow smaller-scale businesses to re-open first to get the local residents back to work. These smaller businesses in question here are located near the iconic Las Vegas Strip.

The same news outlet also reported that all casino gambling-friendly venues located in the state of Nevada will remain closed until at least the end of this month. Executives of these facilities have also discussed the possibility of establishing specific venues that would allow all casino works and some tourists to easily get tested for the highly-contagious coronavirus strain.

Ideas for Re-Opening Las Vegas Casinos

Officials of the most iconic casino operators which are responsible for Las Vegas-based casinos also discussed a variety of other ideas regarding ways to re-open their venues. One idea is to open such venues with a reduced capacity including opening only one-third of hotel rooms, screening all guests and visitors for elevated pressure as well as requiring all of casino and hotel employees and workers to wear gloves and masks. Another idea is to institute significantly increased distances between slot machines and gaming tables.

As reported on the 21st of April, the highly-contagious, potentially-deadly coronavirus strain has killed over 42,000 individuals in the United States as well as infected over 800,000 individuals while over 73,000 of them have recovered. For this reason, the casino executives and officials have discussed whether to request from local union to institute a series of rathe enhanced cleaning measures and techniques to combat the spread of the highly-contagious coronavirus.

Commenting on this possible request, Geoconda Arguello-Kline working for the Culinary Workers Union of the Local 226 branch said that facilities of all sorts have to include more people in order to ensure that all areas which are frequented by visitors, players and other guests are always clean. She added that the Local 226 branch is asking the firms to conduct more cleaning across all areas and these include their casino floors, hotel rooms, bars, and others.

The Richest Casino Market Globally

The casino market in Las Vegas is doubtlessly the riches, the most thriving in the world as it is packed with a variety of iconic casino facilities that are operated by a handful of prominent casino operators including Wynn Resorts Limited, Las Vegas Sands Corporation, MGM Resorts International and Caesars Entertainment Corporation.

These companies were ordered to temporarily close down their facilities including hotels and casino floors for at least thirty days. The order came from Nevada Governor Mr. Sisolak who made the decision back on the 18th of March. Once the period of thirty days was over, the initial shutdown period was extended until the 30th of April. With this date approaching, Las Vegas-based casino operators are discussing ways to combat the negative consequences of the coronavirus crisis as well as ways to get back to work and start welcoming guests while at the same time protecting every worker, employee, visitor and everyone else.