What is the impact of Covid-19 pandemic on the online gambling industry
As more people around the world are required to isolate themselves, the demand for digital entertainment is rapidly increasing. Fortunately, for players in the legal online gaming regulatory market, they have many excellent, high-quality websites to choose from. Undoubtedly, the Covid-19 pandemic has had a major impact on the gaming industry ecology. Although the online casino has ushered in a small upsurge, it is uncertain how long the current glory will last. Affected by the travel ban and social segregation policy, physical casinos around the world continue to be required to suspend opening, and the revenue of the industry has fallen sharply. For example, the physical casino in Macau was ordered to be closed by the authorities for 3 weeks in February 2020. Although it resumed operations afterwards, but strictly controlled the number of people entering the casino and restricted the number of players for each gaming table.
In this dynamic period, staying indoors away from the crowd has become one of the hopes to stop the spread of the virus. Of course, participating through online casinos is safer than betting in crowded physical casinos. As European countries begin to implement the policy of comprehensive closure, players will no longer have the right to choose. But as mentioned above, the ecology of the gambling market is changing. Players are turning to online search for their favorite slot games and table games, and can still participate in online poker tournaments, leaderboard challenges, etc. But for how long can players still play live casino games? It depends on whether live casino brands such as Oriental Game, Asia Gaming, Sexy Gaming, etc, will continue to operate their studios under the influence of policies.
In the field of sports gambling, dramatic changes have taken place due to the virus outbreak. Major sports leagues around the world are being cancelled or postponed at an alarming rate. Since there are no sports events for players to bet on, they are actively looking for betting opportunities elsewhere. E-sports gaming has become the most inquired gaming platform type, such as: Thunderfire E-sports, Dongsen E-sports, Inplay Matrix eSportBull, etc. As more players turn their attention to e-sports, the popularity of e-sports games will increase significantly and become more popular. In addition, during this period, there will be more current events to be bet on, such as: awards ceremonies, elections, and even national competitions to develop vaccines for Covid-19. Of course, there will also be many traditional sports gamling players who turn their attention to less well-known and less popular sports events that are still held normally, such as Taiwan’s Super Basketball League.
As far as the current situation is concerned, online casinos seem to have not only survived from the pandemic crisis, but even benefited from it, but will this trend continue? The answer is probably no.It is very likely that the online gambling industry will begin to experience a decrease in revenue in the near future. The reason is that if the global shutdown continues, many players will lose their income and even have to use their savings. Then, players will not have sufficient funds to bear the risk of betting. After all, what are the cards covered by the uncertain future? We will continue to report for you.
