के सभी प्रकाशन Phil . फिलाडेल्फिया , संयुक्त राज्य अमेरिक
According to the figures released on Friday, Casinos in Atlantic city saw a 65% fall in their profits in the first quarter of the year.
The first quarter only covered two weeks of closure in March due to the Coronavirus outbreak. The officials are sure that the numbers will be even worse for the second quarter as casinos were shut all of April and so far, May, with no reopening scheduled soon.
The figures from the New Jersey Division of Gaming Enforcement show that nine casinos collectively earned only a profit of $29.6 million in the first quarter this year as they had earned $85.6 million in the same period last year.
The big decline is "not surprising, given that most casinos continued to pay employees for two weeks after the shutdown," said Jane Bokunewicz, coordinator of a gambling studies institute at Stockton University outside Atlantic City. "With only internet gaming and a small number of sports betting revenue to offset payroll expenses, a significant decrease was inevitable."
Three casinos had suffered huge losses as compared to last year's first-quarter profits.
Bally's faced a loss of $8 million this year as compared to $2.8 million last year. Caesars went from 10.8 million profit to a $593,000 loss, and resorts went from a $3 million profit to a $3.4 million loss.
The shutdowns caused due to COVID-19 pandemic had completed more than two months, and some of the businesses and some people have been pushing the limits of statewide stay-at-home orders.
Some businesses started reopening their businesses despite shutdowns and are now facing citations and fines.
According to officials, most of the people follow the guidelines, but only some do not follow the orders. New Jersey Governor Phil Murphy said that some "knuckleheads" cause headaches as the state battles the deadly coronavirus.
This issue was raised after the announcement by Gov. On Friday, Gov. Tom Wolf states that all the counties under the strictest lockdown would move to the next phase of reopening from June 5.
Attorneys from the two states talked to our team and said that it is not beneficial to charge a large number of people as courts had already grown their backlog.
I'm not sure we want to clog the court system up with those kinds of cases," said Michael Donio, a retired New Jersey judge who now works in private practice.
Gov. Wolf said that strict actions would be taken for the people violating an executive order. According to state laws, anyone found violating an emergency order faces a fine up to $200 or jail time of up to 30 days. Those maximum amounts increase to $500 or 90 days for subsequent offenses.
Gov. Tom Wolf announced that Philadelphia has a new timeframe for the reopening, which includes the reopening of Pennsylvania's 18 counties. As these counties were strictly locked down as a response to coronavirus, these will move from red to yellow by June 5.
The city with Bucks, Chester, Delaware and Montgomery counties, will join other provinces which had already started reopening the businesses and services under the yellow phase of state reopening.
From May 29, eight counties will move to the yellow phase: Dauphin, Franklin, Huntingdon, Lebanon, Luzerne, Monroe, Pike, and Schuylkill, and the remaining ten counties will move to yellow on June 5.
In his announcement, Wolf also announced that 17 more counties would move to green phase from May 29, including Bradford, Cameron, Clarion, Clearfield, Crawford, Elk, Forest, Jefferson, Lawrence, McKean, Montour, Potter, Snyder, Sullivan, Tioga, Venango, and Warren.
Even the yellow phase will be strictly implemented as many businesses will continue to remain closed in the yellow period. These closures include gyms, casinos, theaters, and other indoor recreational, wellness, and entertainment venues, and no gathering of more than 25 people will be allowed.
Restaurants and bars are only allowed for limited carry-out or delivery. Businesses also have to follow the state and federal guidelines of sanitization and social distancing.