Topic: Do you think sport betting and gambling casinos are the first business to get up - page 3. (Read 493 times)

In most of the cases, a regular player of physical casinos is well-funded and actually rich. They will surely back on their habit once the situation eased.

However, it still depends on how hard these casino's respective areas got hit. Even everyone is eager to make a comeback in their casino gambling experience, if those casino areas were reported as one with the most confirmed Covid-19 cases, people might get worried.

I don't really see that money is a problem here since surely some have money. It can't even be used in a place that got heavily affected by the virus, especially during a total lockdown where all services are closed. Money is totally useless to these places to the point that they just saved it.

About sports betting, I see it will not take long before it gained again on its average betting percentage. As we all know, sports betting is mostly done online. Totally safe from physical interaction with other people.

They're not in a loss in terms of the current hold profit and revenue but what they lose is the supposed profit. They are even donating and able to provide help to their workers.

Meaning there's no recovery since after that all, they're not even crashed but just stopped their service.

It's like restarting again but still, the capital is intact.

Online casinos are making more money due to this pandemic since people spend more time on online casinos whereas physical casinos might face losses even after this pandemic gets resolved because people will change to internet based casinos so it will be harder for them to attract the players again into their places.

It will take some time, people will have to work first and business man will have to take care of their business before they return to gambling and of course there will be a lot of government restrictions, to make sure that the Corona virus is finally gone, they will have to ask for bail out and get their insurance if they have one.

Well, that is a good question here.
I agree that during this pandemic there will be no exemption regardless of the nature of business whether it is gambling or not. Online gambling may have a bit advantage than land or physical gambling for people are not allowed to go out and those people who love gambling may rather be into an online casino for now, and those who are fond of playing online gambling may spend more time on this to lessen their boredom.

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Indeed, looking forward after the pandemic when the vaccine will be available and our way of living will be like before then land and physical gambling even sports betting may have a slow recovery for people might spend their time first to recover on whatever they have lost during the pandemic like going out with the family, friend or special someone. Securing assets and income might be the first priority of everyone after the pandemic but rest assure in no time people will still go back to sports betting, --physical or online casino because it is still one way for us to unwind our stress.

You should first wonder whether people will have the money to play at casinos after this pandemic It looks more like we're going to barely have money for our essential needs, casino gambling may temporarily become a luxurious activity..

If our financial situation's going to be okay, sure! The casinos will be the first to recover. Otherwise, they won't earn much from us if we won't even have money to begin with..

Sportsbook and casino will eventually grow when the pandemic is over, but they will not be the priority as they don't offer people's needs, they only offer entertainment therefore they will be the last priority, and they'll recover easily if the economy will start to boom again as people gambles only their extra money, hence they can only gamble if they are making good money from whatever source of income they have.

Apparently it will take some time, of course, and it is just like everybody else's businesses. And no matter how much we see how everyone badly wanted to go out and do their daily stuff, the fear of getting exposed would always be there. Maybe there will be few who would go back. In addition, although casino income comes from a daily basis doesn't mean they lose a lot, you know, there were orders that obliged people/companies not to pay tax for a mean while. And beside they don't even have any employee to pay off specially if their contract comes in jno work, no pay basis (as an assumption). In conclusion, if such place comes into function again, they can generate money again like they used to.

Not to be judgmental but i can say that people who've been regularly playing into these physical casinos are rich ones- not all though but majority of them are capable when it comes to finance aspect
and when the time comes that Covid is over then those business can resume directly and can easily make profits since people will surely be playing into these places again since they do have the money to play on.
For some then it would take for some time because they do need to work for them to have funds.Presuming that this situation would last 6 to 8 months will really cripple out not only gambling industry but other areas as well.

There are two types of casinos online and physical, and in my opinion they are both experiencing the same impact, but the physical or offline are directly affected because it is one type of the entertainment industry that must stop its operations in countries that carry out regional quarantine.
Online can still run so they may experience a decrease because even though many people spend time at home but their concentration at this time is more to still have money for food.
After the pandemic is over Casino will recover but everything will go slowly because when the pandemic is finished people will focus more on recovering their economy rather than spending money on the casino.
Casino and other types of gambling can always rise again because people are still looking for it.

is still an estimate, it may probably last more than 6 to 8 months until there is a vaccine


honestly speaking, in my opinion offline casinos will suffer a lot from this situation that the world is facing because they will need to wait for the vaccine to be ready and for everyone to have the vaccine to start operating 100% and have the side of financial power that people are going to have, for example concrete, currently many companies are closing and many people are losing jobs and it is obvious that if many people are losing jobs then many people will not have the money to go to offline casinos and this will cause a reduction in casino revenue

Honestly, people need to get back what they've lost by doing their own respective job before thinking of going to a gambling den. After this pandemic, most people are going to their own works and need to check everything that they've missed these past months of no work. Of course, they need to make up what they've lost before thinking to go somewhere else. so the answer is probably no, cause the first industries to get up are the one that people mostly needs.

I am not sure it sports betting will recover quickly after the pandemic.
Because the pandemic made reality set in right before us.

Club football are down, finances are low, mental health will struggle and with several days into lockdown, gambling seems to be out of the equation at the moment.

But couple of week's after football and sports had found reaosns to excel and resume, gambling will rise with it

im also confused with it   . because 6 to 8 months more are too long and i think we can already recover just before we hit those numbers  . we just need to think positive and always follow the protocol given by us

of course they need to do that  . flourish means clean the area and fix some issue right   ? thats what you mean  ?   .  betting or gambling isnt really that important but there are more important things in persons life   .  however to some good at gambling they can label gambling as important part of thier life .

Food industry and medical? They are the most profitable sector right now because of the pandemic and they have a lot of budget for that because the government prioritized them. I think agricultural sectors are one of the business that will go up because the supply of necessities like food and other things will become in demand.

Medical industry is stable I think because they still got profit even if there is a pandemic, they are the one who are still working because their duty is to serve people and still the hospital is making money because of the patients. Hoping that our healthcare workers are still healthy and safe from the virus even though they are our frontliners who are at risk.

Online gambling will not that boom compared to other industry because people have no money due to the community quarantine that makes them unable to go to work because of the risk of getting the disease. They aren't able to have salary because businesses are closed for the safety of the workers and customers.

6-8 months?? I might disagree with what you said unless you share a legit source where you read this. Base on what I've read on line, the estimated time frame before a cure can be made is between 12-18 months. Even though there are many cures that are being developed right now, it will undergo many clinical trials that will take for months before it will go public to be sold. As long as there is no cure for COVID19, there is no specific time when the pandemic will last.

Think of some scenarios:
1. Even though casinos will go online, gamblers will think twice before they will go there because there is still risk when they go to a place where it is crowded. A single host can infect many people already so the risk is still there therefore, a gambler will think again if they will go to a casino or they will prefer to just gamble online.
2. Most of the countries right now are in a lockdown. Most of the business have been closed therefore, most of the people right now doesn't have any income. Where can they get the funds they will use for gamble? For me, they will think first that their family and their needs are more important than gambling.

Overall, there are more better business to get up than this. Food and manufacturing business are the ones who go up first rather than this. Even though casinos will open, only few who have the balls to go there will gamble for sure because that is the new normal already.

One thing more is sports betting will depend on the events. What if there are no or only few events will be done then only few will gamble.

Guess you mean it "could" last for 6 to 8 months.
Well I don't really know about Gambling casino businesses,but good/safe betting businesses should flourish if they are needed by people and are safe for them. Betting on things are actually very important to society than people think.

I don't think it's the gambling industry though, sports betting is a big business but it all depends on the willingness of the people to gamble, once we are in crisis, we are short in cash as our income is not that good, so I think if ever we have a chance to gamble, we won't be able to bet as usual as we do in the past, hence that would decrease the profit of the sports book or any gambling sites.

I think the online casinos will be the one business who will feel less and less impact from the crisis.In this time people staying at home will be more prone to play gambling.Sport betting also will not feel a whole lot of the pandemic effect as we are near the end of major leagues and in summer very few sporting events are played.

The only one who will be hit are physical casinos as people will be afraid to go there even when the pandemic finishes.The fear I think will continue to exist for sometime after the end of the crisis.

I think the Food industry and medical is the first who will Get back and recover from this one and gambling will be to follow because people have no Money now to gamble and they are prioritizing their family needs and will run until after this pandemic.
while gamblers are looking for sports to come back but the problem is if they are capable to bet?since all of resources has been spend because of quarantine and only those who has work from home can afford to still haev some extra money.