Fears of the coronavirus Century Casinos will soon shut. Polish casinos: Connecticut and Mississippi casinos close

Century Casinos, Inc. (CNTY:NASDAQ CM), a gaming company based in Colorado, announced on Monday that its subsidiary, Casinos Poland Sp. z o.o., has shut down its casinos in order to comply with the Polish government, which had issued a quarantine in an effort to better contain the coronavirus COVID-19 outbreak. The quarantine was issued in an attempt to better contain the outbreak.

The following, as stated in an official press release...

...the closures went into effect on Friday, March 13, 2020, and the corporation does not have any means of estimating how long they will remain in effect. It is estimated that if there were no "business interruptions," the Poland segment of the company's operations would contribute 5-10 percent of the company's net operating revenue and adjusted earnings before interest, taxes, depreciation, and amortization in 2020. The company's headquarters are located in Colorado Springs (EBITDA).

The clincher is as follows:

The news release went on to state that, as was previously disclosed, the ever-changing COVID-19 situation could have a negative impact on the company, including within its markets in North America, depending on similar closures occurring or other similar measures being taken. This was stated in the context of the possibility that other similar measures would be taken.

The eateries and bars in the area have been ordered to close because of the government-issued quarantine.

Century Casinos, Inc. is a casino entertainment corporation that owns and operates casinos in the United States of America, Canada, and the United Kingdom in addition to its ownership of a controlling stake (66.6 percent) in Casinos Poland.

The Casino Estoril in Lisbon, Portugal, has announced its closure until further notice, and King's Casino Prague in the Czech Republic closed on March 13 until further notice. There have been casino closures in Monaco, with the Casino de Monte-Carlo announcing its closing on Sunday evening; in Italy, a government decree signed on March 9 has casinos as well as nightclubs, cinemas, and other similar establishments closed until April 3; and in the European spread, there have been casino closures in Portugal, with the

Casinos in several states of the United States are closing down:

Wynn Resorts announced that it would close its Wynn Las Vegas and Encore properties starting on Tuesday, and MGM Resorts International closed all Las Vegas casino operations on Monday, with hotels following suit on Tuesday. Meanwhile, in the United States, the Illinois Gaming Board has ordered all ten of the state's casinos to suspend operations for 14 days beginning on Monday, March 16.

On Sunday, Governor Larry Hogan of Maryland issued an order mandating the indefinite closure of the state's casinos, racetracks, and simulcast betting facilities. On Monday, Governor Phil Murphy of New Jersey ordered the closure of casinos along with bars and restaurants. Additionally, the state of Massachusetts has decided to close all of its casinos for at least three weeks.

According to reports from local news agencies, Governor Ned Lamont of Connecticut, along with Governors Phil Murphy of New Jersey and Andrew Cuomo of New York, reached an agreement on Monday to issue orders closing commercial casinos, restaurants, bars, movie theaters, and gyms across the three states. This includes Connecticut's Foxwoods Resort Casino and Mohegan Sun. Both establishments are scheduled to close at 8:00 pm on Tuesday. In approximately two weeks, it is anticipated that both of the tribal casinos will once again be open for business.

The Mississippi Gaming Commission issued an order for all casinos in the state to close at midnight on Monday, which brought about the most recent casino closure. Following the news that MGM Resorts International will begin the process of closing both the Beau Rivage Resort & Casino in Biloxi and the Gold Strike Casino in Tunica on Tuesday, the decision was made.

According to an article that was published in the Clarion-Ledger...

...the Gaming Commission said that all casino activities will be suspended until further notice, and that the situation will be assessed on a daily basis going forward.

The effect and the recovery are:

David G. Schwartz, Ph.D., a gaming expert at the University of Nevada Las Vegas, is quoted in The Washington Post as saying that the effect on the industry will reverberate through local economies, along with state budgets, and anyone who relies on hotels, gambling, clubs, entertainment, and food services. This quote is from the Washington Post.

Even when the COVID-19 outbreak has been brought under control, it is difficult to predict how quickly the casinos will get back on their feet, according to Schwartz.

He made the statement that "a lot relies on what the economy is going to look like." "To begin, you must be of legal age and in good physical condition in order to enter a casino. Additionally, you must be in possession of sufficient free time and financial means. Therefore, if you remove any of those, the situation will grow more difficult.