Results 1 to 5 of 5
  1. #1
    barrygoldwon's Avatar
    barrygoldwon is offline Private Member
    Join Date
    November 2014
    Location
    London
    Posts
    6
    Thanks
    1
    Thanked 5 Times in 3 Posts

    Post Coronavirus Outbreak Brings More Players to Online Casinos








    The scare brought about by the outbreak of COVID-19 has been taking a toll on land-based casino revenues but has been contributing to the increase of players on online gambling sites.


    The 2019 novel coronavirus, now officially named by the World Health Organization COVID-19, continues to spread across the world. As of Wednesday, there had been close to 80,000 cases of infection in China alone, including 2,718 deaths, according to the data reported by China to WHO. Meanwhile, in the rest of the world, particularly in 37 countries, there had been fewer than 3,000 cases of the Wuhan virus, among which are 44 deaths.
    The numbers have prompted some jurisdictions to impose temporary travel bans and halts in business operations. In Macau, for instance, the government ordered on February 4th that the casinos be closed for 15 days to curb the spread of COVID-19. The move made the revenue of Macau’s casinos suffer, considering that the closure period coincided with the Chinese New Year season, the busiest week in the world’s gambling capital during which Chinese are expected to flock the casinos.
    Matthew Ossolinski, a gambling investor and consultant, said the impact of the half-a-month closure could be devastating, specifically stating his estimate of 5 to 15 percent decrease in Macau’s gambling revenue in 2020. Supporting this approximation is Fitch Ratings’ report stating there was an 80 percent drop in Macau visits in late January.
    Although the casinos in the world’s biggest gambling destination already reopened on February 20th, relatively fewer visitors were seen. The normally crowded major casinos looked desolate on the day of reopen, with some having no queues at all by the main entrance.
    Jason Ader, SpringOwl Asset Management’s Managing Partner, even told CNBC that the COVID-19 situation has been making a lot of gamblers turn to online casinos instead. He argued this should even be a wake-up call for authorities to now legalize online gambling on a wider scale. He said:
    “Once it [COVID-19] starts spreading, other casinos can get hit. I think it’s a wake-up call, not just in Asia but in the U.S.”
    As Ader urges the promotion of “safe and germ-free” gambling over land-based gaming, especially amid the Wuhan virus outbreak, online betting sites, like Stake.com, and online gambling affiliates see a spike in the number of players they have racked up lately. Experts say this increase may be owed to the assumption that many players have grown scared of falling victim to the human-to-human transmission of the COVID-19.


  2. The Following User Says Thank You to barrygoldwon For This Useful Post:

    The Buzz (9 March 2020)

  3. #2
    Mattbar's Avatar
    Mattbar is offline Private Member
    Join Date
    July 2015
    Location
    London
    Posts
    709
    Thanks
    45
    Thanked 511 Times in 297 Posts

    Default

    Yeah that's logical, the more people are stuck at home the more likely they will play games. This may even grow further if a load of big sporting events get cancelled and typical sports bettors migrate across to the casino.

  4. #3
    drifter8's Avatar
    drifter8 is online now Private Member
    Join Date
    March 2017
    Location
    Bulgaria
    Posts
    937
    Blog Entries
    1
    Thanks
    1,577
    Thanked 475 Times in 362 Posts

    Default

    It is absolutely normal and logical. When you are stuch at home and you want to play , you will play twice or three times more.

    When there are no sports event to be visited, you will watch and bet on bet365 or 1xbet or in whatever platfrom or bookie you like.

    Tourism is slowly dying because of COVID-19, but the gambling and gamblers cannot die. It is a dead habbit, it can not kill you , just make you a bit poor.
    Seven times fall, eight times stand.

  5. #4
    golfbettingsystem's Avatar
    golfbettingsystem is offline Public Member
    Join Date
    March 2014
    Location
    Bedfordshire
    Posts
    756
    Thanks
    152
    Thanked 374 Times in 262 Posts

    Default

    Can see the logic yes, for those of us who are mainly sportsbook affiliates it could be a bleak few months though.

    For us we’ve already had postponements of 3 European Tour golf events that were due to be played over the next 6 weeks or so which will impact traffic. If the PGA Tour starts postponing events too then we’ll be twiddling our thumbs. If The Masters were to drop off the schedule this year - it’s only a month away - then that would leave a big hole.

  6. #5
    Brand_24's Avatar
    Brand_24 is offline Public Member
    Join Date
    February 2018
    Posts
    61
    Thanks
    17
    Thanked 2 Times in 2 Posts

    Default

    The logic is there. Still if you are mainly sportsbook affiliate is not time to panic yet. Almost all bookies have now Games, Poker and Casino options.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •