Topic: The Gambling company that did hit the jackpot during the pandemic. - page 4. (Read 599 times)

There is no overall negative effects of gambling if you are an adult and gamble with your spare amount rather than looking to hit the jackpot in a short period of time. If anyone who gambles understands that this is not a way to make money then no one will be hell bend in busting all his life savings and thereby destroy families .

True that the gambling sites had made a huge profit during pandemic even though the sportsbook suffered a huge loss for a while as all the sporting events were cancelled.

the major prob with most online casinos is that they are not regulated or under the jurisdiction of any country. most of them are just getting cheap licenses and registrations. this is why some govts dont like its existence, because they cant get a hold of them. but if these online casinos will be regulated by the govt, i dont think they will stop their operations. because of this pandemic, they saw that this type of business can still gain good income even if most businesses are in shutdown. and that will be a good source of income also for the govt
with so many restrictions today owed to covid, i believe these online casinos will still grow. and some of its new users will stay as they discovered its benefits over offline casinos

The government has a lot of things to worry about in this pandemic than looking at these gambling companies, they have a virus and the needs of the people and their economy to look into, even if the gambling companies are making money they are taxed and these taxes is helping the government and the operation of the gambling casinos are helping employment, this is the case in our country, but of course even if the gambling companies are making huge profit in this pandemic, they have a moral obligation to the community.

As long as it never has the problem with the pandemic protocol, the government will just allow it. That could be a big loss for the government if they will force to stop it since we never know how long this crisis stops and that long, we wasted a lot of money and opportunities that the gambling institutions could give back.

May this will be a problem for offline casinos and that we saw there is a huge spread of online gambling.
And the government will have to think it twice and must acquire opinions from their members.

^ Probably government accepts that the gambling industry is a part now of the economic growth, with the contribution that gives by the gambling companies as a tax, even though the government that dips on debt by other countries through the help of gambling companies by generating revenue. I think it will never revert to normal, everything has a new normal, and the gambling industry is now very helpful to recover fast our economic growth. Nevertheless, we can deny that a casino should follow under the government's jurisdictions to protect young people not to be addicted to gambling, which means they are still regulated.

We’re talking about how the gambling companies earns money while there’s a pandemic, and this is why the house will always win this can affect the economy of course.

With regards to those gamblers, maybe some are just looking for entertainment online and maybe some are really into gambling despite of all his loses. Regulations is not to help gamblers seriously, regulations are for those casinos to comply and pay the necessary taxes.

With the increasing casino day by day could possibly affect the regulations or laws in some countries, New casinos tend to lure out new gamblers by showing them a very good promo like deposit promos, cashback promos, and etc. Rising numbers of new gamblers especially in this pandemic could cause the government to be wary of their citizens and they might put new regulations after the recent blow of numbers after this pandemic is gone. If the UK government sees good potential in the situation right now, They could possibly make it a new normal for the UK gamblers.

If it looks beneficial for the government, they should have keep as is and ask for a statement from those casinos that have made well. It's part of the recovery because it also adds up to the entire economy of where it's operating.

Many of the casinos became the place for most people during the time of lockdown because most mature people were looking for a place to enjoy and at the same time do some betting.

It's the contribution to the economic value of the country where they're established. The negative effects of gambling are subjective to the gambler and they should gamble if they know that they'll be ending up with those negativities. That's why a reminder is always placed and be responsible.

This is the reason why we are also seeing a lot more online casinos these days. In this forum alone, during the pandemic period, a lot of new crypto casinos were introduced. And some are still launching their casinos today. So I think, the government will keep the online gambling market as long as they have certain control over it. And that will stay for long time because a lot of these gamblers will keep their online activity as they will see a lot of advantages while we are still in the pandemic mode. The regular activity in physical casinos will not return for long time. Maybe years before we will see the same scenario as before.

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.

Over the days, I think gambling will be made more common in India just like how states like Nevada work. We cannot deny the fact that if the Indian government is making profit by allowing gambling, then slowly it would be made legal. Online gambling has increased all over the world during this pandemic as many of us have stayed indoors for over an year and we eventually gambled our money just as a hobby. There were various reports and discussions in our forum that the net profits of the online gambling companies has risen significantly during the pandemic and never been lesser.

Does this mean that the richer people started gambling more money? We can be sure that because of the pandemic many lost their hard earned money in treating the people who were affected by covid, hence the surplus and extra money was used to gamble and make profits/losses could have been done by the riches. HYIP scams, shitcoin trading has also gained traction in the pandemic as this was one of the reason for the riches to waste their money without paying the taxes.

As I have said above, if government makes profit they would start engaging in such markets and would legalize them along with implementing new regulations.

What is exactly is the advantage here? Sure it gives more opportunities to the players, but the overall negative effects of gambling are enormous. It leads to more crime and it destroys families. What exactly is the use of such regulations?

Does the annual salary filed by Mr. Coates’s daughter, Denise Coates amounting to 420 million means that it only came from the gambling company or among all of hers investitures and assets? If yes, then it means that the gambling company have improved and been affected by the Pandemic too much. Pharmaceutical and medical companies are different as they deliver healthcare products which are essential especially today's time due to Pandemic. They increase on demands of pharmaceutical and medical companies products have been thru the roof at today time which is also the reason of high numbers on their annual salary.

As for OP's question, I think that there will be no change happening on the gambling market once everything back to normal as quote from Bet365 where it is only restricted or prohibited on specific states as it won't be available on such places.

I think governments allowed this because they understood that people needed a way to distract themselves out of the lockdown the pandemic forced us since there was a marked increase in all kind of similar activities, so people that did not gambled before did so for the first time ever.

This is because we as humans need some way to relieve the stress and while some people can do it by just watching a movie or something innocuous like that other people need to do something more risky and gambling was the perfect way for them to relieve some of that stress and cope with the pandemic.

Yes according to the same reports the woman is the highest paid executive in the country and the highest paid women in the world which is actually remarkable since I never did considered even for an instant that she is not the owner but rather a co-chief executive! Which is astonishing.


But at the same time the gambling suicide helpline have seen nearly *4 times increase in the class during the pandemic which is an alarming situation no doubt. Therefore I do think more gambling companies should focus on things like Gamcare and etc.. people should be educated well about it. Hiding it and banning it won't do the trick. They have to impart better education and at the same time the restrictions have to be advised since they are only in the favour of the big companies involved in the same. There is a lot to be done but makes me wonder why , we students know more about it rather than the Governmental officials themselves.

Depends on what are the things they've been experiencing on because they might be considering to be this stuff to be permanent if they do saw that they are really making out some benefits
on it and they do see that there would be no point on making out prohibitions but rather they should be allowing it instead.It all matters with their own jurisdiction because as a citizen
we cant really do anything if they wouldnt really like or do like it all in the first place.About gambling industry is booming up even more into this pandemic situation then its
no doubt considering that people are really just inside of their own houses where they do really have much the time on playing online.

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.

Just came though an interesting article :
https://www.google.com/amp/s/www.nytimes.com/2021/03/26/business/bet365-gambling-sports-betting.amp.html%3f0p19G=2103
Apparently the article states how bet365 had the best time during the pandemic.. Now the company is private and does not release any statement regarding their earnings but according to an article :
Which does mean that during pandemic they did make a lot of money , at the same time this was back in 2019, their 5% of the income is associated with Problem Gamblers. They also had an amazing soccer game :


Reportedly even if they are not giving out the digits their rival companies is far too determined to tell the people about their income during the pandemic since they have provided an amazing leisure activity for people struck at home.

At the same time reportedly it's also legal in countries like India, where gambling is punishable and banned..
(Taken from google)

That does mean that overall pandemic did make the gambling restrictions more loose even for the countries where it's quite a havoc. Gamblers are able to make the bets more openly and at the same time both Government and the gambling companies are benefiting from the pandemic.

I do think this presents a strong case of how it should also continue the same in the future. People can have much more options and at the same time regulations are already there.

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.