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

[fiulpro]

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 :

In 2019, the company stated in an annual filing that Mr. Coates’s daughter, Denise Coates, the co-chief executive, had earned more than $420 million, making her the highest-paid executive in the country and the “highest-paid woman in the world,” according to The Guardian. That was many times more than the chief executives of publicly traded competitors and more than 12,000 times the average salary in Stoke-on-Trent, the struggling city, 140 miles north of London, where bet365 is based.

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 :

LONDON — At no point during the soccer game between Stoke City and visiting Watford did anyone say, “Tonight’s match is brought to you by bet365,” one of the world’s largest online gambling companies. No one needed to. It was pretty obvious.

The game took place at bet365 Stadium, where “bet365” was stenciled across a huge swath of red seats, which were empty because of the pandemic. LED banner ads with the green-and-yellow bet365 logo blinked and rolled around the perimeter of the field throughout play. And every Stoke player had bet365’s insignia emblazoned on the front of his shirt. The company doesn’t just sponsor the team. The company owns it.

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..

Yes, Bet365 is perfectly legal in India

 Unless you live in a state where online betting is prohibited (such as Sikkim or Nagaland). Then you may be restricted from using betting sites like Bet365.

(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.

[1715426432]

1715426432

[1715426432]

1715426432

[bitbollo]

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.

[dunfida]

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.

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.

[fiulpro]

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.

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.

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.

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.

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.

[wxa7115]

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.

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.

[Jemzx00]

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.

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.

[BTCLiz]

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 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?

[Heisenberg_Hunter]

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.

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

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.

[Fortify]

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.

[Twinkledoe]

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 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.

[jossiel]

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.

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.

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.

[abel1337]

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 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.

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.

[samcrypto]

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 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?

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.

[DoublerHunter]

~snip~
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.

^ 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.

[Hypnosis00]

~snip~
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.

^ 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.

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.

[robelneo]

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.

[AmoreJaz]

~snip~
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.

^ 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.

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.

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

[ene1980]

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?

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.

[Lanatsa]

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.

Government wouldn't really just focused into these businesses as long these businesses are responsible or doesn't really skip out on paying up tax then I don't see any problems.

Both are much more aware between mutual benefits between gov't and these businesses and theres no need to be stir up.If its banned or prohibited in some sort then
its up to their decision.

For now I don't see for it to be worth to make out some alterations because any tax would be possibly generated is the most important as of this time.

[Hydrogen]

In 2019, the company stated in an annual filing that Mr. Coates’s daughter, Denise Coates, the co-chief executive, had earned more than $420 million

$420 million in 2019. The same year Elon Musk was investigated by the SEC for announcing his $420 per TSLA share without backing. Wonder if there's a connection there.

I've seen many news articles on gambling establishments being profitable. These seem intended to give the public a negative opinion of gambling as a thing where the house always wins and the gambler always loses.

I wonder why not much attention is being given to gamblers on draftkings or fanduel profiting millions of dollars as well. There are many gamblers and fantasy sports players who are becoming millionaires. Who are beating the house on a consistent basis.

Coverage of gambling seems somewhat one sided and biased atm.

[harizen]

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.

As far as these gambling companies are paying the right tax and complying with the government's rule, I see there will be no changes about the policy even the pandemic will be over.

The downside is, there will be more illegal gambling operators that will pop out everywhere due to the fact that people can afford to gamble even amid the pandemic, and that means, they can gather more customers even they are unregulated or unlicensed. In that case, expect a hard regulation that might become a hassle to legit gambling operators and to their customers as well (hard KYC).

[Wexnident]

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.

It does indeed, but it's just a single instance. No matter how big the casino is, it's still a single instance of how a gambling company made big profits, which is not enough imo to actually persuade other countries that they should opt to follow through or continue doing the same. The Government would still need to look into it on the long run to see how it would actually be beneficial, and imo, with Gambling still having that negative image stamped on it, there would always be a group or two that would stand against it no matter what

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.

Dunno, it really depends on how the government actually observes the development of the gambling market right now. If profits were the only thing to see, then they'd sure as hell keep it up, but that's only one factor after all.

[Lorence.xD]

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.

That is if the gambling companies are really paying their taxes because AFAIK gambling taxes are a lot of money and I don't think that they aren't willing to pay that taxes. You are right they should worry about the pandemic but they have to balance everything and there are departments of the government that are focused on gambling businesses anyway so your opinion that they shouldn't focus on gambling companies is invalid.

[bitterguy28]

No wonder why they are one of the most popular and controversial gambling site that accepts Crypto and Fiat.

I even See them advertising in all sides of internet , From social media and even in free movie sites? they have advertising .

So how they become this winner from the gambling operation ? that is from popularity.

[Kong Hey Pakboy]

The pandemic gave a lot of business opportunities and income opportunities to online gambling. Since physical casinos are not operating, most gamblers especially problematic gamblers had no choice but to resort to using online casinos. So no wonder some casinos had earned way more than they usually earn daily compared before the pandemic.

Not a lot of business to be exact because there aren't a lot of business that was ready for this but maybe with the pandemic being dragged on for over a year now, I think that they have already adapted to the new normal. Not to mention that it isn't just the gambling patrons that are getting in the online gambling because other people are trying to kill boredom, they also seem to get hooked and become new clients for this gambling sites so it is really understandable that there are more traffic in these sites.

[ultrloa]

The pandemic gave a lot of business opportunities and income opportunities to online gambling. Since physical casinos are not operating, most gamblers especially problematic gamblers had no choice but to resort to using online casinos. So no wonder some casinos had earned way more than they usually earn daily compared before the pandemic.

Fiat based casino well maybe some of gambling site prosper specially if they do a good promotion in times of pandemic since those gamblers who used to play at physical will provably shift to online to kill their boredom and continuously play the games they like. But if we talk on crypto based casino not all prosper as Yolodice has close down their operation in times of pandemic so maybe this kind of success is not for all since there are so many things has need to consider since first people doesn't have enough funds and fees rise up due due to the demand gotten by major alts in this pandemic season.

[michellee]

The pandemic gave a lot of business opportunities and income opportunities to online gambling. Since physical casinos are not operating, most gamblers especially problematic gamblers had no choice but to resort to using online casinos. So no wonder some casinos had earned way more than they usually earn daily compared before the pandemic.

I think it is not just in the gambling business, but it is also in the other business because when people stay at home while they need to buy something, they will order online, which means more income to the company. I am sure that the income for many online companies increases their income. And this pandemic gives more opportunities to online gambling as many gamblers who always play on the offline casino will try to move to the online casino.

[jrrsparkles]

In 2019, the company stated in an annual filing that Mr. Coates’s daughter, Denise Coates, the co-chief executive, had earned more than $420 million

$420 million in 2019. The same year Elon Musk was investigated by the SEC for announcing his $420 per TSLA share without backing. Wonder if there's a connection there.

I've seen many news articles on gambling establishments being profitable. These seem intended to give the public a negative opinion of gambling as a thing where the house always wins and the gambler always loses.

I wonder why not much attention is being given to gamblers on draftkings or fanduel profiting millions of dollars as well. There are many gamblers and fantasy sports players who are becoming millionaires. Who are beating the house on a consistent basis.

Coverage of gambling seems somewhat one sided and biased atm.

Its actually another perspective on the gambling sector, some gambling sites even wnet bankrupt due to their poor financial management so it is important to keep a limit on maximum allowed amount to win tk avoid bankruptcy. House always wins but sometimes the gamblers who are lucky enough will take the house profits in one or two bets.

[avikz]

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.

I don't think the gambling market would remain same as it is now. Due to the covid induced lockdown, we have seem a large portion of the workforce working from home. So it indeed gave them a chance to try their luck in gambling market. It's not just about the fiat gambling but the same has happened in the crypto gambling as well. We have seen many new gambling houses ramped up their games and some old inactive gambling houses start kicking again.

Once the covid starts disappearing and people will be back to their workplaces, the number would go down for sure! But it wouldn't be back to the pre covid situation because some people will continue with their new found love!

[slaman29]

Sorry but it seems like a super shill article and 2019 earning $420 (did anyone else notice this) has nothing to do with the pandemic by the way;) Covid was first detected in late 2019 but only in 2020 did all the bookies close down because of corona.

I think a lot of online companies are doing really well in current conditions!

[AicecreaME]

<...>

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.

I think it's the right thing to do to make people stay in their houses but can gamble at the same time. I don't think Government should be really that tight in gambling restrictions and regulations. I guess requiring KYC, no below 18, and has a job has the right to play gambling anytime he wants even if it is for pastime or for a living.

The reason why online gambling sites boost up their earnings is because people doesn't have any choice, they can't go outside to perform physical type of gambling so instead they tried online and they enjoyed it. Here in our country, "Online Sabong" is earning a lot of money during this time of pandemic.

[Ulven]

Indeed, online gambling activities have seen many users joining due to the closure of most physical casinos. This is a real reason why most online gambling companies are thriving.!!! That is why I think that governments will think more than once before announcing new legal measures related to preventing the expansion of these companies or issuing updates that contribute to the growth of this activity for the better. Especially if the companies achieve large revenues and pay taxes without evading them!!!

[Mauser]

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.

I think the pandemic did good for all the online casinos and bookmakers. All the business which was usually down in physical casinos or betting parlors switched now to the online industry. People have more time at home and are bored, gambling is a great way to escape the boredom of the corona lockdown. 

The governments probably relaxed rules on everything not healthcare related during the pandemic, there is a lot of things to do like supervising the Test Centers, Vaccinations, etc. On top of that the governments created Corona Relief Funds to give money to the people in need. So to focus on the pandemic I think the government turned a blind eye to everything else. And once the governments needs more money, they might start changing the online gambling market to create more tax returns.

[Renampun]

...

That is if the gambling companies are really paying their taxes because AFAIK gambling taxes are a lot of money and I don't think that they aren't willing to pay that taxes. You are right they should worry about the pandemic but they have to balance everything and there are departments of the government that are focused on gambling businesses anyway so your opinion that they shouldn't focus on gambling companies is invalid.

States that legalize gambling, of course, have a special division for gambling tax...
to be honest I was very surprised at the gambling companies that were still earning a lot of money during the pandemic because I thought they were completely closed and laying off their employees. gambling and taxes on gambling are lucrative business and money.

[goinmerry]

Sorry but it seems like a super shill article and 2019 earning $420 (did anyone else notice this) has nothing to do with the pandemic by the way;) Covid was first detected in late 2019 but only in 2020 did all the bookies close down because of corona.

It's not a shill article if you read the whole.

That part of the article wherein Denise Coates, who runs bet365, earned more than $420 million in 2019, is just telling us that the company is really profiting prior pandemic then boost more its revenue despite lots of people struggling financially during the pandemic.

[Lanatsa]

Sorry but it seems like a super shill article and 2019 earning $420 (did anyone else notice this) has nothing to do with the pandemic by the way;) Covid was first detected in late 2019 but only in 2020 did all the bookies close down because of corona.

It's not a shill article if you read the whole.

That part of the article wherein Denise Coates, who runs bet365, earned more than $420 million in 2019, is just telling us that the company is really profiting prior pandemic then boost more its revenue despite lots of people struggling financially during the pandemic.

Thinking up sensibly then even though there are success stories but the reality would really slap you in the face where these things isn't applicable or can be seen on anybody.

Of course there are businesses who made out some serious hit in terms of profit and some do really suffer in losses or bankruptcy due to that very common reason.

We can really differentiate the two even though this pandemic doesn't exist or shall we say we do talk on those normal days that we do have.
Not all business will really be getting that success.

[harizen]

I think a lot of online companies are doing really well in current conditions!

Speaking about the whole, I will disagree. Although some should be slowly going back on track by now.

Pointing to the gambling industry, despite the success of gambling amid pandemic, not all were able to sustain their operations especially that most people prefer to play on a much famous and known site.

[chaser15]

We can really differentiate the two even though this pandemic doesn't exist or shall we say we do talk on those normal days that we do have.
Not all business will really be getting that success.

I agree. Even this pandemic didn't happen, we can't assure if those other companies will be successful. Bet365 already established a good name in crypto gambling so expect that even pandemic, there will be lots of gamblers that will use their site.

Trust, reputation, good support, and having no problem with the government laws and policies regarding gambling - these are the mainly good characteristics that gamblers want on a certain site.

[acener]

I think a lot of online companies are doing really well in current conditions!

It isn't surprising at all since people couldn't go out most of our time would be online and to those who could afford it would go shopping online or gamble online,
So I already expect online business to grow during the pandemic or lockdown even delivery business has been doing great because of it.

[tygeade]

Actually pandemic helped the gambling industry a lot and I know this because during pandemic I was chatting at stake with fellow gamblers at times when I was bored and I saw a growth in the number of bets despite the number of matches actually going down. There were table tennis matches being done and people were betting like crazy and they even played casino once they visit the site. I think the medical industry and gambling are two clear benefactors during and after the pandemic.

There were thoughts that people will save more money during tough times but actually rich people who had tons of money but were busy during regular days got a lot of room to do careless things like gambling and even trading. I heard that a lot of people started trading in crypto during pandemic days because they had money and a lot of spare time.

[adzino]

It's not only bet365 that got lucky during pandemic. All most all well known casinos, specially those crypto casinos has seen a rise in betting volume during this pandemic. People were at home. They had nothing to do and thought gambling would be fun.
On other hand, the price of bitcoin and other crypto currencies also played a role in this sudden gambling boom. As the price started to rise more and become more trending, people had "more money" to place bets on different events or just gamble them away!

[Kittygalore]

Actually pandemic helped the gambling industry a lot and I know this because during pandemic I was chatting at stake with fellow gamblers at times when I was bored and I saw a growth in the number of bets despite the number of matches actually going down.

There were thoughts that people will save more money during tough times but actually rich people who had tons of money but were busy during regular days got a lot of room to do careless things like gambling and even trading. I heard that a lot of people started trading in crypto during pandemic days because they had money and a lot of spare time.

People has to something while they are inside their houses and if gambling is what can help you occupy your boredom then so be it. But if everything is slowly going back to less lockdowns and isolations and with more people having their jobs occupy their time, I think that the traffic in the gambling websites is going to significantly decrease but there will be people that are going to come back.

[slaman29]

Sorry but it seems like a super shill article and 2019 earning $420 (did anyone else notice this) has nothing to do with the pandemic by the way;) Covid was first detected in late 2019 but only in 2020 did all the bookies close down because of corona.

It's not a shill article if you read the whole.

That part of the article wherein Denise Coates, who runs bet365, earned more than $420 million in 2019, is just telling us that the company is really profiting prior pandemic then boost more its revenue despite lots of people struggling financially during the pandemic.

Yeah, I know it's a New York Times article and it's just written in a style to sort of show us just how bad it is and how lavish the company was with all their money thrown around. But either it's a shill article (subtle paid sponsorship to throw spotlight on so-called private guys) or it's a non-objective article to my reading. Just the tabloidish feel of the start turns me off reading this:) No offence at all of course!

But just because you have a sponsor on a shirt of every football player doesn't make you "own" the team. Sorry.

[imstillthebest]

i dont see a change there . online gambling in india was still restricted so when everything returns to normal , there will be no changes that will be made at all .
 what is the real change that can happen is people will go back to thier busy life and will have less time for gambling  .
bet365 reported their income before but why wont they report it now ?  are they shy to tell that thier income trippled during this season  . dont worry we wont beg bet365

[uneng]

It's interesting how this pandemic affects directly economies negatively, what decreases jobs and income of the families, but at same time gambling revenue increases on the opposite hand.
Theoretically people should have less money to spend nowadays, so how is it possible? Isn't this crisis we are living for real?

[bitzizzix]

Actually pandemic helped the gambling industry a lot and I know this because during pandemic I was chatting at stake with fellow gamblers at times when I was bored and I saw a growth in the number of bets despite the number of matches actually going down. There were table tennis matches being done and people were betting like crazy and they even played casino once they visit the site. I think the medical industry and gambling are two clear benefactors during and after the pandemic.

There were thoughts that people will save more money during tough times but actually rich people who had tons of money but were busy during regular days got a lot of room to do careless things like gambling and even trading. I heard that a lot of people started trading in crypto during pandemic days because they had money and a lot of spare time.

For them, especially the general public, because of the limitations caused by the pandemic, they will think repeatedly about gambling and make more use of their limited income to make ends meet.
But for those who already have a lot of money or are already rich, take advantage of the opportunity to play gambling to make more money and many also switch to offline or online casino gambling during the pandemic, but the majority of all of this is because it is supported by circumstances and expertise.

[alegotardo]

Like any virtual service, what can be done through the screen of a computer or smartphone saw an excellent opportunity to grow during the pandemic.
I just don't know if gambling has brought more entertainment to its users or the desire to commit suicide (It's a joke).

With a good online gambling site that accepts Bitcoin, we can bet even in countries where this type of "commerce" is prohibited.
Those who live in these countries and found themselves at home with nothing to do, with Bitcoin only valuing, certainly must have made a bet.

[$crypto$]

It's not only bet365 that got lucky during pandemic. All most all well known casinos, specially those crypto casinos has seen a rise in betting volume during this pandemic. People were at home. They had nothing to do and thought gambling would be fun.
On other hand, the price of bitcoin and other crypto currencies also played a role in this sudden gambling boom. As the price started to rise more and become more trending, people had "more money" to place bets on different events or just gamble them away!

Casinos on crypto have experienced quite a significant pace, this indicates that people like crypto-based betting volume is increasing every day and many new casinos have come up with lots to be promoted here even so many have to try to get the jackpot during the pandemic . LOL
With the trend there is an important role here, I know everyone wants to increase their finances, but what they play, especially in gambling, is a very fun thing.

[Twentyonepaylots]

With the sudden shift of transactions into digital, gambling saw this as an opportunity and the whole industry went pedal to the metal, and obviously it paid off well for them. And with more people seeing the benefits of betting virtually compared to in person, this trend doesn't show any signs of stopping.

[Goodluckmate.com]

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.

I personally think that pretty much every gambling company hit the jackpot during the pandemic. I don't think that any online casino reported losses even though there are hundreds if not thousands of gambling sites now. It's a lucrative business even when there's no pandemic, that's why we see so many new brands every day.

As for the government, I think they already impose new restrictions and issue fines to operators through the UKGC. They banned credit card gambling last year, now they're restriction max bets on slots, minimum period between spins, removed autoplay too. I think I read something about affordability checks also. So i don't think they just consumers gamble carelessly but they could probably do more to protect problem gamblers.

That's just my opinion, we'll see what the future holds. Anyway, I don't expect too strict regulations as everyone loves the money iGaming brings them. 

[Lanatsa]

We can really differentiate the two even though this pandemic doesn't exist or shall we say we do talk on those normal days that we do have.
Not all business will really be getting that success.

I agree. Even this pandemic didn't happen, we can't assure if those other companies will be successful. Bet365 already established a good name in crypto gambling so expect that even pandemic, there will be lots of gamblers that will use their site.

Trust, reputation, good support, and having no problem with the government laws and policies regarding gambling - these are the mainly good characteristics that gamblers want on a certain site.

You wont really be getting that reputation if you wont really be having those kind of factors which is understandable on this kind of situation.So when it comes to success talks

then as a business owner then you should do all sorts of things first before minding if you would really be making money or not.Try to give out the best service as you could

and you would surely see on what would be the outcome as you go by.This isn't a simple thing because business doesn't really start on being successful and actually
the start up is the most biggest challenge of all.

[just_Alice]

It's true, many countries benefited from gambling, and the fact that there was a wide range of gambling legalizations around the world only proves it. It is well-known, that the revenue from imposing taxes on casinos is astronomic and nothing will stop the underground and black market casinos from popping up, so why not allow it instead?
I hope that when the pandemic is over the governments won't shut the casinos down right away.
Firstly, we don't know when it's going to end, it can years.
Secondly, all countries are experiencing tremendous financial losses every day, so it will also take a lot of time for them to recover and it wouldn't be wise to shut down something, that's powering the economy. And in the end, people might just get used to it so much, many will find workspaces in casinos, that it would be absolutely pointless to enforce a ban at that time.

[ethereumhunter]

With the sudden shift of transactions into digital, gambling saw this as an opportunity and the whole industry went pedal to the metal, and obviously it paid off well for them. And with more people seeing the benefits of betting virtually compared to in person, this trend doesn't show any signs of stopping.

Contrarily, online gambling will still grow in this pandemic, making people move from the traditional casino into the online casino. If the pandemic still makes people not go out freely, while the gambler misses the chance to play gambling, they will use online gambling to gamble, which means the gambling industry will have many new gamblers. The online casino looks like to hit the jackpot in this pandemic because they get many more members from the offline gamblers that move into online gamblers.

[qwertyup23]

Hmm, the gambling industry brings more good than harm during this pandemic economically speaking.

As the government struggles to look for alternatives in order to gain revenue, taxing online gambling websites may not only contribute to the country's revenue but this would also enable the government to create projects/opportunities for people who are deeply affected by the COVID-19 virus.

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.

I do think that the government would seriously consider about the situation but I doubt that they will do anything that would affect the online gambling industry. The reason on why the government tax is because it provides revenue. Revenue gives the government the fund in order to create establishments which would be catering to the population.

[Oilacris]

With the sudden shift of transactions into digital, gambling saw this as an opportunity and the whole industry went pedal to the metal, and obviously it paid off well for them. And with more people seeing the benefits of betting virtually compared to in person, this trend doesn't show any signs of stopping.

Contrarily, online gambling will still grow in this pandemic, making people move from the traditional casino into the online casino. If the pandemic still makes people not go out freely, while the gambler misses the chance to play gambling, they will use online gambling to gamble, which means the gambling industry will have many new gamblers. The online casino looks like to hit the jackpot in this pandemic because they get many more members from the offline gamblers that move into online gamblers.

Indeed the right or perfect time for these business to flourish on because majority of people are really inside of their homes which means they do likely get involved with online activities which
would really included gambling with that.

If we do try to look on how many gambling sites online had launched up their business which does really indicate that the demand is really rising which is understandable.

Aside from essential business, this also did really make out some huge progress or revenue on these pandemic times.

[crzy]

With the sudden shift of transactions into digital, gambling saw this as an opportunity and the whole industry went pedal to the metal, and obviously it paid off well for them. And with more people seeing the benefits of betting virtually compared to in person, this trend doesn't show any signs of stopping.

Contrarily, online gambling will still grow in this pandemic, making people move from the traditional casino into the online casino. If the pandemic still makes people not go out freely, while the gambler misses the chance to play gambling, they will use online gambling to gamble, which means the gambling industry will have many new gamblers. The online casino looks like to hit the jackpot in this pandemic because they get many more members from the offline gamblers that move into online gamblers.

That’s exactly what’s happening right now, gamblers are switching from the traditional into online gambling because of this pandemic and many casinos still make a good money because of the loyal gambler plays on their site despite of the situation. Casinos are helping the government as well and its good that they are still operating and making their way yo make profit, if you’re looking for a good place to gamble, look for the best online site that is available in your country to be more safe.

[ethereumhunter]

With the sudden shift of transactions into digital, gambling saw this as an opportunity and the whole industry went pedal to the metal, and obviously it paid off well for them. And with more people seeing the benefits of betting virtually compared to in person, this trend doesn't show any signs of stopping.

Contrarily, online gambling will still grow in this pandemic, making people move from the traditional casino into the online casino. If the pandemic still makes people not go out freely, while the gambler misses the chance to play gambling, they will use online gambling to gamble, which means the gambling industry will have many new gamblers. The online casino looks like to hit the jackpot in this pandemic because they get many more members from the offline gamblers that move into online gamblers.

Indeed the right or perfect time for these business to flourish on because majority of people are really inside of their homes which means they do likely get involved with online activities which
would really included gambling with that.

If we do try to look on how many gambling sites online had launched up their business which does really indicate that the demand is really rising which is understandable.

Aside from essential business, this also did really make out some huge progress or revenue on these pandemic times.

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.

With the sudden shift of transactions into digital, gambling saw this as an opportunity and the whole industry went pedal to the metal, and obviously it paid off well for them. And with more people seeing the benefits of betting virtually compared to in person, this trend doesn't show any signs of stopping.

Contrarily, online gambling will still grow in this pandemic, making people move from the traditional casino into the online casino. If the pandemic still makes people not go out freely, while the gambler misses the chance to play gambling, they will use online gambling to gamble, which means the gambling industry will have many new gamblers. The online casino looks like to hit the jackpot in this pandemic because they get many more members from the offline gamblers that move into online gamblers.

That’s exactly what’s happening right now, gamblers are switching from the traditional into online gambling because of this pandemic and many casinos still make a good money because of the loyal gambler plays on their site despite of the situation. Casinos are helping the government as well and its good that they are still operating and making their way yo make profit, if you’re looking for a good place to gamble, look for the best online site that is available in your country to be more safe.

Offline gambling has a big chance of expanding their business using the internet and making more money because that means they will get more members from many countries. The casino needs to concern for its members and manages their reputations and they can grow the business because now, they have two places that need their attention to manage. They need to search for the best online gambling for the gambler to not get a problem in the future.

[peter0425]

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.

[DoublerHunter]

~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.

[Wexnident]

~

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.

[swogerino]

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.

[lienfaye]

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.

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.

[goinmerry]

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.

[Lanatsa]

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.

[wxa7115]

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.

[Swopon]

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.

[CarnagexD]

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.

[AmoreJaz]

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

[Rengga Jati]

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.

[iTradeChips]

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.

[Oceat]

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.

[rhomelmabini]

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.

[magneto]

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.

[Ucy]

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.

[carlisle1]

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.

[Mauser]

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.

[aysg76]

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.

[wxa7115]

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.