The Future of Europe and Asia Brightens Slightly According to Expert H2: Can the World Catch Up?Published June 21, 2020 by Lee R
While the look of the new market after the restarts remains to be seen, think tank H2 tracks vital projection data.
The re-opening schedule has caused optimism for prognosticator H2 Gambling's expectations for the European and Asian markets in the coming months.
Asia/Oceania Looking Up
The principal data partner of iGB projects gross gaming revenue for the Asia/Oceania region to come in 22.8% behind pre-pandemic expectations, a figure representing a drop in the right direction compared to last week's calculation of 23.1%.
Surges in China lottery and Japan betting turnover contributed to the positive adjustment.
Slight Improvement in EU Impact
Meanwhile, on the European front, the Netherlands gave a reopening date for its casinos and arcades; while the UK announced the reopening of betting shops and the restart of horse racing, along with the restart of English Premier League Football on the 17th of June, resulting in the H2 projections for Europe falling slightly from 22.9 to 22.8% week-on-week.
Overall Global Progress
Unfortunately, these positive adjustments in iGaming's two most important regions were not enough to bring the global gambling market projections up, as H2 projected the global gambling market to fall a further $1bn, for a week-on-week downwards adjustment of 0.2% to 21.9%.
Parameters of Study
H2 has acknowledged South Korea's increase in COVID-19 cases as the key impact visible in the Asia/Oceania region, to underscore the fact that the research projections represent the best case scenario for the global gambling sector under the key underlying assumption that social distanced operating conditions in venues would constitute a primary and lingering barrier for at least the remainder of the calendar year.
More H2 data on the impending industry impact of COVID-19 is available in iGB's brand new podcast Right To The Source available now on Apple Podcasts.
The podcasts appear vital to informing strategic planning of operators, tech providers, and industry stakeholders moving forward in this new era of COVID-19 economics that clearly stands to last for an indeterminate period.