As the world is experiencing an increase in COVID-19 cases because of the holiday, governments are taking preventive measures. Poland is not an exception as they currently have 1.26 million cases and 27, 118 deaths because of the coronavirus. Therefore, Century Casinos Temporarily Closes its Casinos in Poland to comply with the restrictions.
According to the latest casino news, the shutdowns will go into effect today until January 18, 2021. In addition, this will affect all eight of their gambling properties in Poland and last for three weeks. Unfortunately, this will make it difficult for Century Casino which is a gambling company in Colorado.
Century Casinos Temporarily Closes its Casinos in Poland and in other countries
According to betting odds websites, Poland will be receiving 300,000 doses of a COVID-19 vaccine. However, this will not stop the new restrictions. Even though Poland is a smaller gambling market, it is still an important part of Century’s Eastern European market plan. This is because they make up 4% of their earnings before interest, taxes and amortization.
Thus, many gambling reports are looking at a grim outlook for their future stock prices.
However, despite this announcement, shares of Century have done very well in early trading. This is because according to online casino experts, they are up almost 16% in the fourth quarter. However, this is just temporary as the company still has many challenges ahead.
In addition, the company is also having problems in Canada because of their new restrictions. According to casino forums, two of their casinos in Alberta are currently not in operations. This is because they had to close their facilities leading to a temporary closure.
Furthermore, their casinos in Colorado are also experiencing some issues. However, their two casinos are able to keep operating. Just at a lower capacity because of the state restrictions. On the good side, their casinos in West Virginian and Missouri are running normally.