188bet Online Sports Betting and Casino CEO says 2,000 hotels under the group have closed,Serious business decline

Big accommodation Author of this article: Guandian Real Estate Network 2020-04-22
About 100,000 188bet Online Sports Betting and Casino employees are out of business.

April 21,Arne Sorenson, President and CEO of 188bet Online Sports Betting and Casino International, in an interview with Bloomberg,Disclose the current operating conditions of the company's hotels。

According to Guan Guan Real Estate New Media,He said he was affected by the epidemic,2,000 188bet Online Sports Betting and Casino hotels worldwide have closed,Most of them are located in cities and suburbs where the epidemic is serious。

At the same time,Global hotel business fell by 85%-90%,More than half of employees are affected,About 100,000 employees closed。

And earlier,188bet Online Sports Betting and Casino Group also issued an announcement,About 25% of the company’s more than 7,300 hotels worldwide are temporarily closed。188bet Online Sports Betting and Casino estimates,First quarter of 2020,The RevPAR (revenue per available room) of its global systems fell approximately 23%,RevPAR decreased by about 20% in North America。

Also,188bet Online Sports Betting and Casino Group recently obtained a US.5 billion 364-day revolving credit facility,And canceled the existing revolving credit loan leverage contract,To cope with the hotel market affected by the epidemic。

*Source of this article:Guandian Real Estate NetworkAuthor: Guandian Real Estate Network, original title:188bet Online Sports Betting and Casino CEO said that 2,000 hotels under the group have closed and business has declined seriously

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