The Gambling company that did hit the jackpot during the pandemic.

wxa7115

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Quote from: magneto on April 07, 2021, 02:38:26 AM

It's really no surprise.

Almost all things digital benefited from the pandemic, especially entertainment-related businesses.

I wouldn't be surprised if betting volumes increased a few-fold over the pandemic. Major sports leagues all reopened at really opportune times which meant that almost no turnover was lost at the start of the pandemic. Bet365's strong sports streaming services would have definitely been aided by the fact that people could no longer attend physical games, which entices further consumption of their betting services.

This is true, I remember reading that at the beginning of the pandemic that there was also a very high interest in video games, even elderly people that have never played a video game before and that had no curiosity over this entertainment option decided that they wanted to try it because there was nothing else to do on their homes.

Which meant that the video game industry did very well, this is also true for all of those services that delivered food to your home, many people use restaurants because they do not really know how to cook and while some took the time to learn how to do it during the pandemic many people simply decided to keep buying food using those services, so not everything was awful during the pandemic but still it took a toll on the rest of the economy.

aysg76

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The online gambling casino witnessed huge customer growth in this pandemic period as many saw rise of about 30% this season which is quite impressive.The main reason is that people want to indulge in something entertaining or say want to earn money through different forms. That's why the profits of the house edge grow at fast rate.Same is the case with Bet365 and this is why Denise Coatse is highest paid CEO of any UK company with annual salary of $423 million paycheck which is huge.We can estimate the amount of profits they have made during this lockdown.We can find clues from Self exclusion scheme where gambling addicts are enrolled to prohibit them to gamble for certain period of time.The percentage for such schemes have drastically increased during this lockdown.Some have lost badly but gambling industry has certainly made good amount of profits.

Mauser

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Quote from: Ucy on April 07, 2021, 04:21:00 AM

I believe a Betting Company has to be moral, beneficial to both customers and society. Part of what makes betting companies immoral is dangers they expose customers to. Lot of the betting companies allow customers to take big risk or gamble... I guess that's what you are referring to as "Problem Gambler?" in your post. The problem with that phrase is that gambling is always a problem, and Problem Gambler sound more like Tautology. The General term for companies/markets like that should be "Betting/Prediction Market", the dangerous betting market or those that allow big risk or irresponsible predictions/bettings should be regarded as Gambling Market. There is no such thing as "Safe Gambling" either, Gambling is simply "taking big risk". Gambling in Betting Market is same as taking big risk in Betting Market.

The Betting/Prediction Market has to be safe for bettors or predictors. Bettors shouldn't be allowed to take big risk, nor bet with what they can't afford to risk/lose. And if you are not a skilled/experienced/successful bettor, bet with little amount occasionally, or with no amount atall, unless you are skilled bettors who make profits consistently... And the Games/Competitions/Events you bet on have to be moral/good.

This is the optimal condition for the company and the gamblers. If every casino would act in such a manner we would have no problems. However for some people every form of gambling is already inmoral. It might be due to religious reasons or because of past experiences. In my opinion it is up to the casinos to change their views in society. Maybe they could offer better information beforehand about risks and reward. I think offering play money for every game is already a good approach.

carlisle1

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Quote from: magneto on April 07, 2021, 02:38:26 AM

It's really no surprise.

Almost all things digital benefited from the pandemic, especially entertainment-related businesses.

I wouldn't be surprised if betting volumes increased a few-fold over the pandemic. Major sports leagues all reopened at really opportune times which meant that almost no turnover was lost at the start of the pandemic. Bet365's strong sports streaming services would have definitely been aided by the fact that people could no longer attend physical games, which entices further consumption of their betting services.

They are really gaining from this situation, those who learned deeper about using online service will continue to play and enjoy.

There are lots of people who are not interested with online before but due to this pandemic they'll start to seek for possible ways to continue
betting, and with online they'll be given the privilege to play in the comfort of their house or any place where internet are available.

Pandemic somehow brings lots of new gamblers to online gaming.

Ucy

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I believe a Betting Company has to be moral, beneficial to both customers and society. Part of what makes betting companies immoral is dangers they expose customers to. Lot of the betting companies allow customers to take big risk or gamble... I guess that's what you are referring to as "Problem Gambler?" in your post. The problem with that phrase is that gambling is always a problem, and Problem Gambler sound more like Tautology. The General term for companies/markets like that should be "Betting/Prediction Market", the dangerous betting market or those that allow big risk or irresponsible predictions/bettings should be regarded as Gambling Market. There is no such thing as "Safe Gambling" either, Gambling is simply "taking big risk". Gambling in Betting Market is same as taking big risk in Betting Market.

The Betting/Prediction Market has to be safe for bettors or predictors. Bettors shouldn't be allowed to take big risk, nor bet with what they can't afford to risk/lose. And if you are not a skilled/experienced/successful bettor, bet with little amount occasionally, or with no amount atall, unless you are skilled bettors who make profits consistently... And the Games/Competitions/Events you bet on have to be moral/good.

magneto

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It's really no surprise.

Almost all things digital benefited from the pandemic, especially entertainment-related businesses.

I wouldn't be surprised if betting volumes increased a few-fold over the pandemic. Major sports leagues all reopened at really opportune times which meant that almost no turnover was lost at the start of the pandemic. Bet365's strong sports streaming services would have definitely been aided by the fact that people could no longer attend physical games, which entices further consumption of their betting services.

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Quote from: iTradeChips on April 06, 2021, 06:05:08 PM

I am pretty sure this is not the only company that got lucky during the pandemic. I am positive that many other gambling establishments, online and offline, has benefited with the rise of the number of people doing gambling and betting online and also those who defy the pandemic and go to casinos to have a good time. Surely governments would allow such establishments to exist simply because of the needed taxes and fees that they can utilize for pandemic response. That is why you don't see any big opposition to gambling establishments by governments because of the benefits in the long run.

This isn't the only gambling firm that does have monetization from the pandemic but I think this is the real winner in terms of the profit they generated and it's a huge one to be honest. To be honest, I think offline gambling wasn't that profitable when the pandemic hits since lockdowns and strict protocol limiting people outside.

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Quote from: Rengga Jati on April 06, 2021, 05:53:38 PM

Wouldn't this be of great help to them in times of a pandemic like this? We know that the pandemic has been bad for everyone, many people have lost their jobs. Moreover, we are advised to stay at home. Bored, of course.
And finally, many people go to online gambling and hope to win the Jackpot. And when this happens, it will make a great gift.

As expected if this pandemic continues for a long time then people might get used to play gambling online instead of going outside because of the strick rules of the government. I've seen people going out before because they don't like to stay home and I think most of them are making money through gambling that's why they can't stay home.

Thanks to idea of online gambling I've seen more people are inspired of doing this to make an online gambling games and the most players who have had a computer and cellphones can access with it easily. And I think this is a fresh start for someone who wants to make their own gambling games although the government might stick their noses in it if they saw a potential that someone is making money.

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I am pretty sure this is not the only company that got lucky during the pandemic. I am positive that many other gambling establishments, online and offline, has benefited with the rise of the number of people doing gambling and betting online and also those who defy the pandemic and go to casinos to have a good time. Surely governments would allow such establishments to exist simply because of the needed taxes and fees that they can utilize for pandemic response. That is why you don't see any big opposition to gambling establishments by governments because of the benefits in the long run.

Rengga Jati

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Wouldn't this be of great help to them in times of a pandemic like this? We know that the pandemic has been bad for everyone, many people have lost their jobs. Moreover, we are advised to stay at home. Bored, of course.
And finally, many people go to online gambling and hope to win the Jackpot. And when this happens, it will make a great gift.

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Quote from: CarnagexD on April 06, 2021, 05:25:21 PM

This is not the only gambling firm that owned the current pandemic situation. In some countries, almost all of their online casinos reported gaining a considerable amount of profit in the span of 2020 following the pandemic. Frankly this is a sign that we can pretty much live in a somewhat virtual environment where jobs can be wherever they are and not confined in a cubicle, plus the fact that this pandemic opened new opportunities to earn in some fields.

look at this forum alone. we are seeing newcomers here everyday and they are pretty solid. a lot of these people are realising the huge potential of online gambling especially crypto related casinos.
and that i can say, owed to this pandemic, crypto online casinos are doing good business these days. gamblers are finding the benefits of using these online portals, a very good alternative to offline casinos. and for those gamblers who do want to avoid the crowd, this online option is indeed catering their gambling needs

CarnagexD

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This is not the only gambling firm that owned the current pandemic situation. In some countries, almost all of their online casinos reported gaining a considerable amount of profit in the span of 2020 following the pandemic. Frankly this is a sign that we can pretty much live in a somewhat virtual environment where jobs can be wherever they are and not confined in a cubicle, plus the fact that this pandemic opened new opportunities to earn in some fields.

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Quote from: bitbollo on March 29, 2021, 11:28:50 AM

their annual salaries is one of the biggest I have seen in western countries. (420 millons per year?!)
just as example CEO of big EU pharma can just brag 10 millions of euro per years, these numbers are really astonishing.

Another big company should be betfair. they are public available and another interesting stock related gambling.
and infofront. they are not promoted too much, but each sport streaming in EU is managed by them.

Wow, I don't know it is truth or wrong. As a positive minded people, I trust your word without even checking the details. Literally, its huge in a word. The annual salary's amount is enough for building a city here, in my country, as per our national budget. So, I must say its big.

wxa7115

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Quote from: Fortify on March 29, 2021, 01:35:40 PM

If you check out the share prices for almost every gambling operation in the UK, you'll find that they all did really well through the pandemic - Flutter, 888 Holdings PLC, Entain, William Hill, etc. They have all had major advances that have either recovered or surpassed the pre-pandemic highs. It is understandable really when everyone is bored and stuck at home, the companies with the biggest online sites obviously did best. There has been a couple of these companies that faced takeovers from US interests which really shows how much money they are making. The UK has fairly relaxed gambling laws compared to other countries I guess and that may restrict any further expansion overseas.

This was to be expected, while governments love to talk about the economic downturn that the pandemic caused the truth is that not every single industry has been affected negatively by the pandemic, it is obvious that the healthcare industry is doing very well because its services were needed as they have never be needed before in the entire world during the last century.

The same is true for the pharmaceutical industry that did everything that they could to produce the vaccine and to sell it to the highest bidder, and the same is true for the gambling industry which saw a spike in its activity as people were desperate to try to entertain themselves while they were on their homes.

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Quote from: goinmerry on April 05, 2021, 06:35:47 PM

Quote from: just_Alice on April 03, 2021, 01:31:20 PM

I hope that when the pandemic is over the governments won't shut the casinos down right away.

Why should the government shut down casinos that are;

-Registered
-Complying with the laws
-Paying Tax

?

It won't happen unless there are irregularities. And the ones that needed to shut down are those illegal gambling operators. They are not paying taxes and operating behind the dark.

Its totally nonsense if government would be cutting down into those one of the industries that do provide one of the biggest tax payers they wouldn't be cutting down
unless if there are violations or some problems accompanying on such situation if none then its just not relevant on making such government step on them.

They are booming on this pandemic in terms of revenue due to people are mostly online on this situation but when physical casinos re-open
then there would be some balance once again between markets.

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Quote from: just_Alice on April 03, 2021, 01:31:20 PM

I hope that when the pandemic is over the governments won't shut the casinos down right away.

Why should the government shut down casinos that are;

-Registered
-Complying with the laws
-Paying Tax

?

It won't happen unless there are irregularities. And the ones that needed to shut down are those illegal gambling operators. They are not paying taxes and operating behind the dark.

lienfaye

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Its not surprising to know that bet365 earned huge amount before and during the pandemic. Actually I think other gambling companies had earn the same as well (though maybe not as much as bet365). Its because gamblers cant play on physical casinos due to this pandemic, so online gambling became the best alternative to satisfy themselves.

Quote from: fiulpro on March 29, 2021, 10:26:02 AM

What do you think ?
Will the government think twice before keeping the gambling market the same or will they revert back when everything is normal.

It will depend on the benefits they get to let the gambling market to remain the way it is. But because we're still not over in this crisis its hard to know their stance regarding this matter.

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Quote from: peter0425 on April 04, 2021, 11:47:11 PM

There are Many gambling that succeed During pandemic specially those Illegal operations because Gambling Physically really increases the demand back in the Heat of pandemic.

But these sites that mentioned? Damn Jackpot is Indeed.

There are only Few of them that gets what they wanted because we had saw some who had closed during the pandemic since last year.

The pandemic just emphasized more their annual income.They were already hitting the jackpot before the pandemic as they are one of the most used Fiat sport betting site in the world.Of course crypto has taken part of their gamblers but for the moment they are not feeling the impact.In the future however most gamblers will migrate to crypto and all fiat casinos will start feeling the impact.

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Quote from: ethereumhunter on April 04, 2021, 10:19:31 PM

Quote from: Oilacris on April 04, 2021, 03:32:35 PM

Quote from: ethereumhunter on April 04, 2021, 11:41:37 AM

Quote from: Twentyonepaylots on March 31, 2021, 05:08:50 PM

~

At this pandemic, it could be a big transformation from a traditional business into an online business. The payment system also transforms into a digital payment that gives a chance for crypto to be used as the new payment system. Online gambling sites take the benefits of this pandemic, but the other business that has an offline business also change and get more customer from many places. It will grow more than today, no matter if the pandemic end because the business owner realizes that the internet helps them grow their business.

Highly doubt the transition to fiat payment to crypto payment. Crypto isn't the only method for digital payment, and as much as I hate to say it, it isn't really optimized to the point where people can freely access crypto and use it as a mode of payment right now. Though I do hope crypto payments grow as digital payments, realistically speaking I'd rather avoid it becoming one through gambling, since most of what's happening in crypto payments is through crypto casinos. This just makes it natural for those types, since crypto casinos specifically accept cryptos. It kind of puts up a wall that crypto isn't for generalized "digital payments" but rather for "crypto gambling payments" only.

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Quote from: peter0425 on April 04, 2021, 11:47:11 PM

~snip~
But these sites that mentioned? Damn Jackpot is Indeed.

^ Definitely indeed.
I am really not surprised, their company is already diversified, they don’t only earn with single stuff. They also have almost all the chains of business in their chosen industry. Also, the best thing they did was they partnered with the government internally/under the table.
Nevertheless, that is why they are winning (if it really is true). Gambling pays a lot of taxes though, regardless if they negotiate with the government, the government will still earn their cuts in the end. No kidding.

Topic: The Gambling company that did hit the jackpot during the pandemic. (Read 665 times)