Online Casinos began to attract thousands of players and new visitors during this COVID-19 crisis because many people are staying at home.
Online Casinos During COVID-19
It is not surprising that COVID-19 has left a devasting trail all over the world. It has brought forward economic challenges as the disease ravaged the world.
Today the epidemic has tied people’s hands, with incomes frozen, jobs lost, shopping opportunities smaller and businesses making record losses.
If there is one industry that has undoubtedly thrived is that of the online gambling business. With brick and mortar casinos shut down for the time being, more and more gamblers have gone online to bet on their favourite games.
Casinos are not keen to admit that COVID-19 has been beneficial for them, especially since hardship has ensued since the beginning of the pandemic. Even so, whilst it was thriving, it has furloughed or let people go. You would think casinos have a heart.
One market that has suffered is that of sports-betting. When sports events were called off, sports betting experts working for online casinos lost their jobs.
Of course, as many more people stayed at home, online traffic surged. Internet resources definitely felt a change. Gambling sites began to attract thousands of players, with many being new visitors.
Along with the boom in online casinos, many brick and mortar casinos have rushed to make the switch to online platforms.
Similarly, online poker rooms saw a surge in players, with more tournaments held on a regular basis. Some casinos have even taken advantage with Belarus and Armenia legalising online gambling.
According to news reports, the traffic to online casino sites surged by up to 15%, which is an impressive statistic.
While traffic to online gambling sites was off the scale, the financial aspect told a different story. With many countries have unstable currencies and economics, the situation was not as beneficial. For example, the dollar has a negative impact on the gaming industry with ridiculously new losses.
Coronavirus has no doubt ravaged every aspect of society as we know it. That also includes online gambling, but we cannot forego that many casinos have taken advantage to boost their marketing strategies during this time.
Casinos are constantly attracting new players even as people are going through hardships. With many more casino tournaments, deposit bonuses and promotions being bombarded to players at the same time, casinos are hoping for players to part away from their hard cold cash.
Interest in online gambling has shot through the roof during this crisis. As more people sit around at home and unable to entertain themselves, they try to distract themselves by trying to boost their income by playing numerous casino games.
Casinos offer entertainment aplenty and given the right attitude and strategy; it can be beneficial for the player. However, it has also given rise to gambling addictions amongst players who are more susceptible to addiction problems.
Although COVID-19 has turned the lives of everyone upside down, some organisations have made sure that the situation is turned to their favour. Even though this could be detrimental to society’s core values and norms, people must learn to know when something is harmful to their well-being.