Q1 Cost of Covid-19 at US$11,372m SOUTH AMERICA
Argentina - Hipodrome opens in Buenos Aires Buenos Aires’ Hipódromo de San Isidro, one of the most important racetracks in Argentina, is looking to hold seven of the 14 races that it normally has on its regular schedule with a return to racing this month.
Horse racing ground to a halt in Buenos Aires in March following a mandatory quarantine from the President, Alberto Fernández. The capital’s casinos and bingo halls have not reopened yet but lotteries are looking to relaunch this week.
Gustavo Posse, Mayor of Buenos Aires city San Isidro, said in an interview with Clarín: “I just visited the track, I met the authorities and the horses are ready to run tomorrow. We know that there’s good will for the activity to return, it’s just that a meeting with the provincial regulator Institute of Lottery and Casinos of Buenos Aires (IPLyC) and representatives of the sector was delayed. We wanted to present the security protocols and obtain the authorisation.”
Trainers have been able to work with their horse throughout lockdown, but under strict security measures, which includes the use of a mask.
“It’s not a contact sport, no one else is on the track besides the horse, the caretaker and the jockey,” the Mayor added. “It’s all designed so that there’s no contact. In order to access the tracks, people need to wash car wheels, check temperature levels, among other things. We are not behind in salary payments, but we know that the Jockey Club is experiencing financial difficulties.”
Colombia - Golden Race partners MegApuesta Golden Race has signed an agreement with MegApuesta in a partnership that will see the Latin American company incorporate Golden Race’s virtual sports onto its platform.
"Golden Race works on the constant innovation of its product with state-of-art technology. In addition, the platform is very simple and adapts to the expectations of our players. We are delighted to bring this new offer to all our clients," explained Lina Correa, General Manager of MegApuesta.
Julio César Duque, Golden Race’s Director for Latin America, commented: "MegApuesta, like Golden Race, always wants to bring the best and newest offer to its players. It's a big step for us to keep on growing in the Colombian market expanding the entertainment options for all its clients."
The Bahamas - Atlantis resorts to reopen Atlantis at Paradise Island Resort and Casino announced today that the iconic resort property located on Paradise Island in The Bahamas would welcome guests to The Royal and Harborside Resort beginning July 7 and The Cove on July 14, as part of a phased reopening. The resort partnered with the Cleveland Clinic and launched the Atlantis Clean & Safe Promise to ensure the health, safety, and well- being of resort guests and Atlantis team members. The Atlantis Clean & Safe Promise will ensure the resort’s cleaning and sanitisation policies meet or exceed operational standards. Since the start of the COVID-19 pandemic, The Bahamas Ministry of Health has reported zero active cases of the disease on Paradise Island.
P10 NEWSWIRE / INTERACTIVE / MARKET DATA
Chile casino group Enjoy has estimated the cost of the coronavirus pandemic at US$11,372m on its first quarter revenue
Enjoy reported a loss of US$13.3m in the first three months of the year, compared to earnings of US$9.8m in the same period last year.
CHILE CASINO OPERATIONS
Chile casino group Enjoy has pitched the cost of the coronavirus pandemic at US$11,372m on its first quarter revenue.
By the end of April, the casino operator had entered into a judicial reorganisation process in the Chilean courts, as it looked to avoid bankruptcy due to the complex financial situation it is undergoing as a result of the effects of the 2019 social outbreak, and then the current health crisis.
It reported a loss of US$13.3m in the first three months of the year, compared to earnings of US$9.8m in the same period last year.
EBIDTA came in at US$ 6.4m due to the closure of its operations since mid-March. Te biggest impact was felt at Casino Rinconada, the closest to Santiago, where the impact was believed to be $ 973m. In Viña del Mar's municipal plaza, the impact of Covid-19 on EBIDTA was $913m, in Enjoy Punta del Este, a venue that has been closed since March 16, the impact was $839m. In Coquimbo it was $ 740m whilst in Antofagasta it was $648m. Te effect was less at the group’s other casinos. In Pucón, the impact reached $308m, in San Antonio it was $227m, in Chiloé
it was $143m and in Puerto Varas it was $113m.
In terms of its judicial reorganisation, which was released just over a month ago, Enjoy said that the decision was made ‘based on the current financial situation of the company, the expected flows for the coming months and the payment situation with the company's creditors. One of the reasons that justify this measure it is the situation of the COVID-19 pandemic, as a result of which the Superintendency of Gambling Casinos instructed the closure of casinos.’
Te group also commented on the difficult progress in the works of the projects associated with the operating permits awarded, which have been affected by the advance of COVID-19.
"Te deadlines required for the start of operations of gaming casinos and comprehensive projects have been made, taking into account the circumstances that we have suffered since the month of October 2019 and on the occasion of the health emergency due to the COVID-19 coronavirus, mean we are totally unable to comply with the execution of the committed works. Tat has been pulverized by reality."
Paraguay Greentube enters Paraguay with Il Palazzo
Greentube, the NOVOMATIC Interactive division, has launched its games in Paraguay for the first time with local casino operator Il Palazzo. Il Palazzo now has access to a premium selection of Greentube’s popular classics as well as newly launched content which is primed for local players.
Il Palazzo launched its online casino site
ilpalazzo.com.py in 2019 to complement its brick and mortar casino offering.
Te Paraguayan debut is the latest in a series of global market entries for Greentube and the second in Latin America following a successful launch in Colombia with several top-tier operator partners.
Michael Bauer, CFO/CGO of Greentube, said: “Il Palazzo’s local knowledge and strong brand makes them an ideal partner to help us build our presence in
Paraguay. We are excited to bring our games portfolio to online players after our land-based content has proven so successful. Tis partnership is an important step in our South American growth strategy and we see huge opportunity in the Paraguayan market, which is at the doorstep of Argentina and Brazil, the region’s two biggest economies and potential future markets for Greentube.”
“Greentube’s games portfolio includes premium games with a land-based heritage and is loved by players around the globe, and we are thrilled to be the first operator in Paraguay to offer their content to our customers,” said Raymundo Aquino, Managing Partner of Il Palazzo. “Together with Greentube, we expect to significantly grow our online business and further establish our position as a leading operator in the market.”
LATAM
Salsa Technology has added to its Game Aggregation Platform (GAP) by signing a new content deal with Caleta Gaming. Te deal will see Salsa Technology welcome a large number of titles onto its GAP, each will be available through one single integration.
Some of Caleta Gaming’s best titles include classic popular games such as Bingo Bruxaria, Bingo Trevo da Sorte, Bingo Senorita Calavera and Slot Wild Fruit. Tese games are all powered by Caleta’s GP5 platform.
Salsa Technology’s CEO Peter Nolte said: “Caleta Gaming’s portfolio of titles has long been admired by us and they really know what the Latin American player loves. We are excited to add these new games as we continue to deliver on our growth strategy for 2020.”
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