\u201cIt is expected movement restrictions caused by COVID-19 could contribute to interactive\u2019s share of global gambling gross increasing from 13.4% to 14.7% in 2020,\u201d said H2. \u201cH2 could easily see this increasing to a level in excess of 15% should the outbreak last into the second quarter.<\/strong>\u201d<\/p>\nImportant Caveat<\/h2>\n
The research firm notes that its already bearish assumptions for gaming market gross win this year do not include downward revisions to global GDP.<\/p>\n
\u201cOur latest forecasts do not include any downgrades to 2020 GDP forecasts in other nations at this time. This could easily wipe out a further 3% (making the YoY impact c4% and the fall on 2020 expectations of >8%),\u201d according to H2.<\/p>\n
On Monday, the Organization for Economic Co-operation and Development (OECD) trimmed its 2020 growth outlook by half a percent to 2.4 percent, the lowest since the global financial crisis in 2008.<\/strong><\/p>\nThe OECD expects China, the world’s second-largest economy behind the US, to generate GDP growth of 4.9 percent this year, well below the original forecast of 5.7 percent released last November.<\/p>\n","protected":false},"excerpt":{"rendered":"
The novel coronavirus outbreak is already hampering some of the world’s largest gaming centers, prompting at least one research firm to slash 2020 estimates for the industry. In a new report, H2 Gambling Capital, a data consultancy firm for the global gaming industry, said it’s trimming gaming win forecasts for this year by eight percent. […]<\/p>\n","protected":false},"author":46,"featured_media":128773,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\n
Coronavirus Will Sap Global Gaming Win 8 Percent, Says Research Firm<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n