Gaming Machine Profits Increase Following COVID-19 Lockdown

3/12/2020

According to New Zealand’s Department of Internat Affairs, profits made from so-called gaming machines increased by 130.7m NZD or 116% compared to the figures from Q2. Total Q2 profits generated in the sector amounted to 112.6 m while the Q3 profit totalled 243.3m NZD.

The massive growth in profit is strictly connected to the end of COVID-19 restrictions after players were allowed to visit class 4 venues, including both pubs and clubs. The imposed restrictions have also affected the revenue figures, which have caused a huge surprise for many.

gaming machines profit corona virus

We read in the Department’s statement that “New Zealanders were able to access Class 4 venues which were closed for seven to eight weeks during the Covid-19 lockdown, and then again as the Auckland region was moved back into alert level 3.”

Figures Beyond Expectations

The figures for Q3 present a much higher increase in Gaming Machine Profits (GMP) when compared to the period between June and September over the past five years, as back then the average was about 3%. September’s revenue was 8% higher than previously predicted. The data was based on the March 2020 quarter and historical statistics. 

When looking at the year 2020 as a whole, the 12-month gaming machine profits were 800.9m NZD for Q3, a 0.2% drop from 802.4m NZD in the past quarter. As of now, there are as many as 1068 venues in the country – a 0.6% decline from the Q2.

Pokies On The Rise

Although online casinos have clearly dominated the gambling industry, land-based venues continue to bring fantastic entertainment to thousands of Kiwis. More and more pokies emerge both online and offline, and the pokie machine expenditure has been steadily increasing nationally every year since 2014.

According to data from the Department of Internal Affairs (DIA), the 2018-19 financial year saw Kiwis’ pokie expenditure hit a record of 939m NZD. There are now nearly 15,000 gaming machines available across New Zealand, bringing collectively in around 2,572,602 NZD a day.

gaming machines profit

It’s not surprising, then, to see a similar attitude in the online space. Then playing in online casinos, Kiwis most likely devote their time and money to play virtual pokies. The undoubted benefit of choosing online pokies is the variety of options at Kiwis’ disposal – from video pokies to progressive jackpots. With a plethora of extremely entertaining games delivered to our homes through a screen of a computer or smartphone, one can’t really complain about the lack of possibilities.

The continuous rise of the interest in internet gambling is nowhere yet to be finished and we can expect to experience a steady growth online casinos and new pokies emerging in the coming years. More options and more temptations also mean more insecurity, as well as dodgy individuals trying to scam players. Make sure you always play at the reputable casinos and choose trustworthy and reliable games – for recommendations, check out our top list of online casinos and rely on the top operators online! 

Casinoguide.nz is a comparison site for online casinos. The information on the site is intended for entertainment and information purposes only. Links, banners and any other images that lead to operators from the site are advertisements. Third parties may change or cancel bonuses/offers at any time and CasinoGuide cannot be held responsible for incorrect information. Offers only apply to players over the age of 18. Welcome offers only apply to new players. Please follow the link to “Terms & Conditions” to find out more about us and our policy. 

This site contains affiliate/advertising links

Learn more about playing responsibly:
Copyright © 2021 casinoguide.nz
In order to give you a great experience when visiting our site, we make use of cookies at CasinoGuide.nz. By pressing OK or using our site, you agree to this. Read more about cookies here.