What a pandemic brought a land casino in different states, and what advantages from COVID-19 acquired a virtual institution? It is in this material that we will try to consider this issue, to disassemble the situation in the game market, as well as he adapted to the situation itself.
- Who rose losses? Casino Africa
- Condition of online market
- Online poker
And when a pandemic came, the online casino segment fought with restrictions at the level of legislation, since the risk of lucky, terrestrial gaming places were transferred to the virtual casino format. And all this goes in the hope that at least somehow you can cover your own losses.
As of the beginning of the summer, it became known that the WinPrincess terrestrial casino operator, East Africa, signed a partner agreement with BTobet game rates, which works and presented in the international arena.
As noted in his speech. Eraslan, chapter WinPrincess Group – the company itself can not afford to miss at least one chance, and therefore will expand the vertical of betting among all the players of the hot tanzania. And so specifying the situation in which the company is at the beginning of summer, Guven noted that 20 institutions are closed, and while the opening time is unknown.
But he hopes that all the habits of the target audience of his company will not change for a period of a pandemic radically, and in their desire to play again, the client will return to the ground casino. But all this will be when the pandemic will still go to the decline.
Not so surprising that huge losses soldered exactly on land casinos, like the direction of online hembing, which is directly connected with offline events. Pandemic raised many corners of the world. In his speech, the Australia operator Star Entertainment Group noted that for the financial reporting period – for the year, the company’s losses amounted to about $ 61.2 million.
But the figures of pure revenue taken over the year, until June 30 of this year decreased by as many as 31%. But at the same time, the plans of this operator does not include the expansion of its potential on it – the market segment. Like many casinos, the company simply reduced the operational budgets to at least somehow cut their own losses. They just sent their vacation staff.
As the American Game Association noted in its reports – revenue. Obtained by terrestrial gaming houses, in which they prevailed mainly card games, automata and roulette, significantly reduced. So as of the 2nd quarter of the year, these figures amounted to 78.8%, compared to the same period last year. So the level of gross income decreased by 45.6% over this period, dropping to $ 11 billion. And for the first half of the year, the revenue of the casino from gaming machines fell by 78%, from board games – for the same indicator.
As AGA CEO, Bill Miller, with respect to Pandemic – COVID-19 has become the problem in the economy that the casino industry has never encountered. So in America as of August, a month 851 of 990 casinos discovered, but partly and then in 40 states.
Trying at least somehow fill the flow of players Some gambling houses of America began to resort to certain tricks. And in particular, hearing was launched that the virus itself is transmitted through paper money. And it was supposed to push the authorities to introduce a non-cash settlement system.
True, the lottery sector was not in the best position. And the reason for the barriers established by the norms of the law, which led to a reduction in financial revenues to the budget. Plus, the need for the translation of the segment in the online space was previously spoken by the head of Spinola Gaming Ade Repchenko.
At the end of summer, operators in 10 states have at their disposal the right to sell online tickets, which indicates some relaxation in legislation. And already due to this, at the end of the autumn, revenues in a number of states grew. So the main source of income was the mobile direction.
So the income level of Pagcor, which covers the entire market of the Philippines and partly the Chinese market, decreased by decreasing in the field of lottery by 32%. Yes, and the pandemic itself has been negatively displayed in other sectors, in particular on the betting sector – in it, revenues from operators decreased by 33%.
But in the end, the amount of losses of the company decreased by as much as 32%, because Pagcor simply reduced spending on personnel, as well as marketing projects. The results of the Global Market Insights held recently, Global Market Insights rendered – in the off-line space on a par with an increase in the client’s comfort at a unprofitable position, it was ground, classic lotteries. And the latter are just forced to keep the level of competition with virtual lotteries.
Online key market in branch casino, such as developers and operators, Internet providers show their rapidly growing development. As noted by providers for gambling online games, Gan Limited, in the 2nd quarter fixed an increase in profits by 99%, the cash equivalent was $ 8.3 million, compared with the same indicators for the last reporting year. So the gross profit of the company itself significantly increased by as much as 459%, which means $ 5.5 million in the monetary equivalent.
In accordance with the data, which voiced earlier AGA total, according to the preliminary results of the 2nd quarter, the margin of gross income from gambling in America rose to 253.8%. And it is important to remember the fact that the poker industry of games has perfectly adapted in quarantine, because he moved its tournaments in the online format. And in this case, there is an indicative of WSOP experience, which has signed an agreement on the future partnership with PartyPoker.
So, only Main Event in the company has 6,000 registered participants in the asset. At the same time, the amount of the prize fund itself became for the players of the recorded itself, since the amount of $ 27.6 million amounted to. And all at the expense of a huge number of participants who contributed Bai-Ina, but the player from Bulgaria received its deserved $ 3.9 million. – This is a record for the history of all he – Line poker.
Conducting virtual poker series did not touch the efficiency of classic games in all poker – America Rum. For example, the famous Global Poker noted in his speech about the essential influx of players for spaces of sites. And the number of players who collided with virtual poker for the first time, reached 255% in practice. It all showed how actively the public passes into the scope of cyberspace, observing so social distance.
With all the existing restrictions in a number of online segments, for example, in the same Sweden or Latvia, which soldered for the period of spring and summer, the results of the research conducted by Global Market Insights are impressive. The price of the global market of virtual games will only grow in the next 5 years. And until the end of 2026, a mark of $ 160 billion will be reached.
Virtual rates have become the most promising segment. And in practice, the comfort of each player when interacting with products has increased significantly. And this is most likely due to the introduction of operators and developers of new proposals that have become the most effective against the background of quarantine itself, as well as digitizing the real world. The results of the study themselves confirmed the previously voiced fact – the classic lotteries are experiencing considerable difficulties in the field of competition with virtual directions of the game.
Earlier about the market of gambling of the Russian Federation, the head of the SRO BC “Association of Bookmakers” d. Denisova, confirming the world experience in the fact that the inner time is requested, it is online operators. The main thing is that the latter have introduced new supply to the market for players, providing so stable customer stream. At the same time, she noted that the increase in the size of the snowfall is not predicted, and this shows the financial position of the country’s audience.