Social Distancing During Covid-19 Crisis Could Push British Gamblers from Sports Betting to Online Gambling

Social Distancing During Covid-19 Crisis Could Push British Gamblers from Sports Betting to Online Gambling

British gamblers are getting more oriented from sports betting to much riskier online gambling services, such as online casino and slot machines amid the ongoing restrictions aimed at limiting the further spread of coronavirus infection. This trend has been confirmed yesterday by one of the largest online gambling operators, 888 Holdings, which explained that it had been affected by the current lockdown of the industry and the cancellation and postponement of most major sports events. As Casino Guardian has already explained, 888 Holdings has shared that the measures requiring social…

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888 Holdings Remain Hopeful That Online Casino and Poker Operations Could Compensate for Some Losses of Its Sports Betting Business

888 Holdings Remain Hopeful That Online Casino and Poker Operations Could Compensate for Some Losses of Its Sports Betting Business

Online gambling operator 888 Holdings revealed yesterday that its 2020 core profit could suffer a blow in the high single-digit millions of dollars in case the disruptions in international sporting events schedule because of the coronavirus pandemic remain until September. The Covid-19 trading update published by 888 Holdings on March 24th made the company part of the gambling operators, such as GVC Holdings, Flutter Entertainment and William Hill, which have already issued warnings of an expected big hit to their earnings due to the cancellation of all major sports events.…

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