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In times of crisis, companies and management tend to be judged by metrics other than the normal key performance indicators.

A case in point is Quixant, which makes hardware, software and display technologies used predominantly by the gaming, broadcast and healthcare sectors.

Its recent interims, hailed by ‘house’ broker, finnCap, as ‘beating the odds’, revealed how management, led by Jon Jayal, was able to navigate some potentially treacherous markets as coronavirus began its deadly global spread in early 2020.

What stood out was not the modest loss, but Quixant’s ability to manage its financial reserves, which were $17.4million as at September 28, 2020, up from just over $16million at the end of last year. It also has $12.4million of undrawn borrowing facilities.



a person sitting at a desk in front of a store: Revenues for the gaming operation halved as casinos from Macau to Vegas shuttered


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Revenues for the gaming operation halved as casinos from Macau to Vegas shuttered

Cash

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State regulators on Thursday cleared the Encore Boston Harbor and MGM Springfield casinos to reintroduce roulette games for the first time since the COVID-19 pandemic shuttered the state’s gambling industry in March.

The Massachusetts Gaming Commission decision comes nearly three months into the limited reopening of the casinos, which are trying to rebuild their businesses during a devastating year for the hospitality industry. The commission still has not cleared the facilities to allow tournament poker or craps.

The move comes as the casinos’ host communities of Everett and Springfield have become some of the state’s highest-risk areas for the coronavirus. That designation is shared by Boston and several other municipalities, some of which have scaled back their reopening plans and delayed in-person school.

The commission determined that it would be safe to add roulette to the casinos’ slate of games, which already include slots, blackjack, and smaller-scale poker games.

The

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LONDON–(BUSINESS WIRE)–Sep 29, 2020–

Technavio has been monitoring the casinos and gambling market and it is poised to grow by USD 82.09 bn during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200929005777/en/

Technavio has announced its latest market research report titled Global Casinos and Gambling Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download

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The individual casinos, as well as gambling regulators, dismissed the numbers as not comparable to last year, when the industry was in full swing. Rather, they concentrated on efforts to convince customers the reopened casinos are clean and safe.

“During this period, the casinos undertook an amazing effort and expense to prepare a safe environment for the return of employees and guests,” said James Plousis, chairman of the New Jersey Casino Control Commission. “That critical investment enabled the casinos to begin welcoming back visitors with appropriate limits in July, and started Atlantic City on the road to recovery.”

“This closure was a setback to Ocean’s momentum gained through February 2020,” said Terry Glebocki, CEO of the Ocean Casino Resort. “We want to thank our employees who worked tirelessly to prepare us for reopening and are happy to have two-thirds of our workforce back in the building.”

Ocean had an $11.8

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