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Online Casino Gambling: Excelling Despite the Covid- 19 Epidemic
You will certainly agree that the world is reeling from the devastating effects of the Covid-19 pandemic. Surprisingly, the past few months have also seen new online casino sites joining the gaming industry. Various software developers have launched many new games.
While some industries have almost ground to a halt, the online casino industry has continued to shine despite the global pandemic.
The innovative online casino industry has made it easy to catch up on one’s favourite games without risking any exposure to the virus. Therefore, it is not hard to deduce why online gambling continues to thrive despite the significant threat by Covid-19.
Read on to find out more about why the covid-19 has not been able to dim the success of the online gambling industry.
Shifting from Brick and Mortar Gaming to the Online Gaming Platform.
While the lockdown must have slowed down activity at the brick and mortar casinos, it turned punters in their thousands to the online gaming sites. Online casinos that have invested in live casinos have also been very active during the lockdown season. This is because punters got the chance to catch up on the thrilling live dealer games from the comfort of their homes without any need to travel to the casino premises.
Despite the lockdown, there has been development of new casino games
The lockdown season resulted in many people having more time on their hands to while away by playing games at online casinos. It has been an excellent opportunity to introduce new casino games so that players can have various choices.
For instance, October 2020 has seen slots games such as Tarzan and the Jewels of Opar slot, Western Gold and African Legends from Microgaming, being developed.
Other software providers have also continued to add new games to their game’s portfolios to keep up with the demand for new games. The availability of new games from a software provider will, in turn, bring more revenues to the games developer and the casino sites.
Establishment of New Online Casino Sites
While brick and mortar casino gambling is limited in some states worldwide, the threat from the C-19 virus has locked out many punters from their nearby local casinos. This has pushed the masses to seek online sites, with new and existing online casino operators opening sites to absorb the growing numbers.
For instance, Turbovegas, SapphireBet Casino and Jack21 casino are some of the latest sites, with many punters signing up to play at the sites.
The opening of the new online sites has benefited punters as they can get new players bonuses. This also helps the respective states, as realised in the UK, where real online gaming has posted a commendable increase in previous months compared to the returns before Covid-19.
It is the same in other states where online gambling is legal. For instance, statistics from the American Gaming Association indicate that the revenue from online gaming significantly increased in the second quarter by up to 254%.
With most of the physical casino premises posting losses, the high revenue from the online gaming platform has helped the U.S casino industry curtail most of its losses from the industry.
Stabilizing the Employment Rate
It is not just the online casino industry that has benefited from the lockdown; the success has also trickled down to various sectors. For instance, the online casino industry has provided a stable income source to its employees and those from other sectors.
An example is the data provision companies providing internet access to millions of online punters across the world. Digital marketers, software providers, and other service providers, such as banks, have also benefited from the online casino industry's success during this pandemic.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes