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How COVID-19 Affects The Online Gaming Industry

 

(Gloucestercitynews.net)(April 21, 2020)--The coronavirus outbreak surprised the world, and it’s causing havoc around the globe. With over two million people infected so far, it’s been affecting all industries around the world, including online gambling?

 

Casinos are shutting down operations due to the quarantine. Online casinos are thriving, and the same is happening with most online gaming providers. Understand more about the situation.

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Land-Based Casinos are Shutting Down

Not many countries around the world remain working as usual. Almost everywhere, businesses that attracted large numbers of people needed to stop their activities. Because of this, casinos all over Canada are closing down due to the COVID-19 outbreak.

 

Even large centers outside of Canada like Las Vegas are shutting down. It means that the regions with the most significant casino activity will suffer from the crisis caused by the COVID-19 virus. Often the economic output of casinos is overlooked, so it’s hard to predict the economic fallout. The only defense is to act.

 

According to Kevin N. Cochran, casinos need to be smart and creative when dealing with coronavirus, and this will help them weather the storm. Restaurants are focusing on delivery, many offices are adapting to home office practices, and casinos are expanding their online services.

 

Online gambling is still going strong right now. Cochran has noticed that the online gaming industry has a chance to prosper like never before during these uncertain times for the world.

Online Casinos are Growing

Several casinos have reported an increase in their activities. The relation between quarantine and gambling is obvious. With more people at home, the need for distractions grows.

 

Even the World Health Organization (WHO) is telling people to play games. According to the agency, isolation is necessary to contain the virus. By playing games, people will spend their time at home instead of wandering around outside. Online gaming can be relaxing and distractive, so it helps keep people at home and improves their mental health.

 

Not only games keep people at home, but they may bring them together. Popular games such as Fortnite, PUBG or Counter-Strike are also experiencing a surge in player activity. By playing together, people can use online gaming as a way to interact with friends and family at a safe distance.

 

Several casinos, such as JackpotCity Canada, are offering bonuses and promotions for new clients right now. They know that this is the best time to get clients that will have time to spend there.

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eSports May be the Solution to the Lack of Traditional Sports

Despite online access growing up, sportsbooks are facing a hard time. While online gambling only needs a working casino system, sports betting requires sports. Due to the COVID-19 outbreak, most sports are canceled. Some of the competitions are still happening, but numbers are continually going down.

 

This change means that most operators will lose some of their revenue related to sports betting. Online casinos with a sports betting section will notice a drop in revenue. However, pure sportsbooks may not recover. They need to find a solution to keep their operations profitable.

 

The solution can be seen in eSports. People can’t play football or basketball anymore, but they can surely play online games like Madden and FIFA.

 

It’s impossible to say that online gaming competitions are not affected by the virus at all. However, there are still many tournaments right now. It’s not hard to see many games to bet on specialized sites.

 

Overall, the market is changing. Some of the changes are only temporary, such as sportsbooks having to rely on online gaming tournaments to keep profiting. Other changes, however, can last much more time.

 

People are learning everything that online gambling can offer them. So, they obviously will remember these advantages later.

Conclusion

The world is changing right now, and so is online gambling. Land-based casinos are entering the online casino world, and it seems that this will dramatically change how the industry functions.

 

images courtesy of image.freepik.com

 

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