despite its aging population and high risk ratio.
A national state of emergency was declared on April 15, which was an expansion of an earlier state of emergency issued for Tokyo and six other prefectures earlier in the month. However there was no enforced lockdown and the government merely ‘requested’ people stay at home, whilst bars and restaurants suspended their business. It was a soft approach, but the Japanese adhered to it.
Tis limited restriction was lifted in late May, however, Coronavirus figures have since begun to increase with over 63,100 cases and 1,200 deaths by August 25.
Te JRA ended its first half 2020 season on June 28 with sales of ¥1.47tr ($13.76bn), a 1.5 per cent increase compared to last year same period. Although races have been held behind closed doors
from February 29, online betting has proved popular, whilst some OTB facilities were re-opened at the end of July with restrictions of hours.
By June 11, the Tokyo Alert was officially lifted and bars, pachinko parlours, game centres and cafes were free to open. Many pachinko parlours had ignored the earlier steps and had remained open during lockdown. Social media reported one particular parlour with thousands of customers queuing to enter.
A Ministry of Economy, Trade and Industry report said May revenues for pachinko dropped to ¥66.58bn a 77.5 per cent decline year on year and in June pachinko hall sales were ¥195.27bn down 31 per cent year-on-year. One operator, Okura Holdings, said it expected an 83 per cent fall in profit for the 11 months up to end May this year after temporarily closing 17 pachinko halls.
A Ministry of Economy, Trade and Industry report said May revenue for pachinko dropped to ¥66.58bn a 77.5 per cent decline year on year and in June pachinko hall sales were ¥195.27bn down 31 per cent year on year. One operator Okura Holdings said it expected an 83 per cent fall in profit for the 11 months up to end May this year after temporarily closing 17 pachinko halls.
NEWSWIRE / INTERACTIVE / MARKET DATA P55
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