robelneo (OP)
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April 29, 2020, 02:27:04 AM |
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This Pandemic will last for 6 to 8 months more and it will definitely take a toll on the gambling casino business. Do you think it's one of the businesses that will get up or recover their losses immediately after this pandemic is over or it will take some time because people will have to take care of business first or go back to work first.
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rhomelmabini
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April 29, 2020, 03:27:21 AM |
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I don't think that the gambling casino business itself will be at lose here instead those workers that has been affected by the pandemic will be. If they open and people flock again they'll probably be on profit again but this workers that has experienced "no work no pay" and probably have debts because of the longer lockdown may work just to pay for it.
I think they will be in profit again if they open because those gamblers will get back too even if they go back on their own works. Gamblers gonna gamble.
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Kemarit
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April 29, 2020, 03:58:42 AM |
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This Pandemic will last for 6 to 8 months more and it will definitely take a toll on the gambling casino business. Do you think it's one of the businesses that will get up or recover their losses immediately after this pandemic is over or it will take some time because people will have to take care of business first or go back to work first.
I'm assuming that you are talking about physical casinos. There are a lot of billion dollar worth of physical casinos around the world, but probably those who have existed for the last 5 years or so could have made up lot of profits already so let's just say that they are still in the positive side even if this pandemic continue to last for at least half a year. Of course, but just like any other business though, you need to have a sustainable growth. So it ever this pandemic is over, physical casino's might start to market new strategy to attract gamblers again, so probably they can recover very fast as we all know that gambling is part of human history already. People will continue to gambler no matter what.
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Darker45
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April 29, 2020, 04:45:08 AM |
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On the contrary, I believe that land-based casinos and gambling houses are the ones that will have a hard time recovering their losses after this pandemic. As a matter of fact, the new normal that we are going to inevitably observe and live with after this pandemic will probably include avoiding crowded areas. That would certainly include these businesses.
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rodskee
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April 29, 2020, 05:44:39 AM |
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This Pandemic will last for 6 to 8 months more and it will definitely take a toll on the gambling casino business. Do you think it's one of the businesses that will get up or recover their losses immediately after this pandemic is over or it will take some time because people will have to take care of business first or go back to work first.
I don't see any News that assures that pandemic will end in 6-8 months Where did you get that idea mate? I can't say that gambling will recover first because people after this Virus infection happens for sure will focus in looking for funds as there are many bills and priorities to pay so Gambling will be the last that will come to their mind Unless we are talking about gambling addict that will be the first to run in casino houses before going in their offices.
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ralle14
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April 29, 2020, 05:46:28 AM |
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Most likely they'll get back up in no time since a lot of gamblers are looking forward on several leagues to resume as soon as possible and it's a way for gamblers to forget these rough times. It's also possible for some casinos to struggle because even if they're making profits it could be way less than the others. I think the key part for casinos would depend on how people would react once the lockdown is lifted since each country won't be having the same level of severity.
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maydna
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April 29, 2020, 05:48:06 AM |
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I cannot say that the gambling casino business will recover as soon as possible after this pandemic end. Every company will need to have a report of their business during the pandemic, so when the pandemic ended, they can know what is need to recover fast. The casino needs to search for a new employee if they don't want to call their old employee. The casino needs to prepare for at least a month or two months to make sure everything is ready to run.
That will happen too in the other business. As soon as every company can be ready in a short time, they will try to recover step by step because this pandemic takes its business without a chance.
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shoreno
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April 29, 2020, 06:12:56 AM |
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that is if your talking mainly on offline casinos but on online casinos thier business still on going and infact they are now earning alot . how did you know that the pandemic will last for 6 to 8 months .
i think this will only differ depending on the progress of creating cures and also depend on the cooperation of the people . offline casinos can also be the first to get up because people are pretty much excited to play them once the pandemic is gone while some would work first to have a capital
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Ailurophile
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April 29, 2020, 08:32:47 AM |
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I don't think that it would really be the first business to get up since people would focus on something far more important than their vice. For me the first to get up are the food products or food business process meat and other important things for our daily lives.
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peter0425
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April 29, 2020, 08:35:03 AM |
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This Pandemic will last for 6 to 8 months more and it will definitely take a toll on the gambling casino business. Do you think it's one of the businesses that will get up or recover their losses immediately after this pandemic is over or it will take some time because people will have to take care of business first or go back to work first.
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. Most likely they'll get back up in no time since a lot of gamblers are looking forward on several leagues to resume as soon as possible and it's a way for gamblers to forget these rough times. It's also possible for some casinos to struggle because even if they're making profits it could be way less than the others. I think the key part for casinos would depend on how people would react once the lockdown is lifted since each country won't be having the same level of severity.
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.
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swogerino
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April 29, 2020, 08:46:28 AM |
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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.
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Questat
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April 29, 2020, 08:50:36 AM |
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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.
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Ucy
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April 29, 2020, 08:53:59 AM |
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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.
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LogitechMouse
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April 29, 2020, 09:31:47 AM |
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This Pandemic will last for 6 to 8 months more and it will definitely take a toll on the gambling casino business.
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. Do you think it's one of the businesses that will get up or recover their losses immediately after this pandemic is over or it will take some time because people will have to take care of business first or go back to work first.
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.
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Latviand
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April 29, 2020, 09:34:37 AM |
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This Pandemic will last for 6 to 8 months more and it will definitely take a toll on the gambling casino business. Do you think it's one of the businesses that will get up or recover their losses immediately after this pandemic is over or it will take some time because people will have to take care of business first or go back to work first.
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. Most likely they'll get back up in no time since a lot of gamblers are looking forward on several leagues to resume as soon as possible and it's a way for gamblers to forget these rough times. It's also possible for some casinos to struggle because even if they're making profits it could be way less than the others. I think the key part for casinos would depend on how people would react once the lockdown is lifted since each country won't be having the same level of severity.
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. 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.
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imstillthebest
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April 29, 2020, 10:15:48 AM |
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Guess you mean it "could" last for 6 to 8 months.
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 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.
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 .
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ampere
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April 29, 2020, 10:20:00 AM |
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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
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yazher
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April 29, 2020, 10:37:21 AM |
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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.
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Slow death
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April 29, 2020, 10:37:46 AM |
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This Pandemic will last for 6 to 8 months more and it will definitely take a toll on the gambling casino business. is still an estimate, it may probably last more than 6 to 8 months until there is a vaccine Do you think it's one of the businesses that will get up or recover their losses immediately after this pandemic is over or it will take some time because people will have to take care of business first or go back to work first. 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
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Strongkored
Legendary
Offline
Activity: 2884
Merit: 1112
Vave.com - Crypto Casino
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April 29, 2020, 12:12:52 PM |
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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.
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