The pandemic has altered the face of the world – and the gambling sector for sure. And it has not been for the good. A lot of uncertainty and change plague the industry.
Canadian Casinos are struggling to get back on track after lockdowns and government restrictions. Watch the opens, shutdowns, and perpetual re-openings rock revenues. Plans for security and safety are made and then shelved. Finances are such that re-openings are speculative.
Online casinos – the best alternative
Only the online casinos seem to be impervious to the virus. Maybe not. Ethical issues are raising their ugly heads.
As far as online casinos go, analysts are optimistic about their growth. Nonetheless, there is the specter of addiction looming across the landscape.
Why the popularity? Obviously, it has to do with the altered reality of land-based casinos, but the fact that online betting is more affordable doesn’t hurt. You may not win more, but you can play to your heart’s content.
Sports betting is always on the table when talking about wagering. Now this sector faces canceled and postponed games.
When will this topsy turvy world become restored to normality? Positive news is limited to the online casino world for the moment. Making them safer and financially viable will enhance their role from this point forward.
This will only happen if strict rules and regulations are put in place to safeguard the interest of all stakeholders in the business.
Uncertainty Hits the Canadian Casino Industry (timesofcasino.com)