Betting on Covid19 – Back to Basics
Article Published By George Sarris
HostingB2B is an enterprise hosting provider, which offers high end solutions for Gaming and Betting companies worldwide.
As well as that, focuses on its highly trained and expert staff, with both hosting solutions and Managed Services.
Our philosophy is to invest in our people with constant training and labs on every interesting open-source project in order to be able to contribute to our community.
Throughout these 12 years of experience in large enterprise networks and infrastructure, I have come to the conclusion that spending thousands on Licence fees will not improve further productivity or uptime as a matter of fact, the only outcome is that it will put the whole IT Budget in criticism from the Management whenever there is a cut off.
Overview - Impact of Covid-19 on the Online Betting Industry
Covid19 Global pandemic(currently still ongoing) has shown us many lessons to learn and still more to come. While many businesses are struggling to stay afloat others are thriving through this new way of life.
The Globally government opposed restrictions in Businesses – Aviation – On-site Entertainment allowed people to find themselves with more time to spare that could never be imagined and at home.
Apart from NetFlix and other Home entertainment, there is also the iGaming – Casino and Sports Betting. People who have previously had Casino and Gambling in their weekly “Entertainment” schedule are now adopting to Online Betting and Online Gambling.
The Google Trends trends worldwide show us some remarkable insights for Sports Betting – Online Casino Games .
For me personally, revenue reports are not 100% convincing as may include some Accounting and Tax adjustments that can manipulate the real effect of the Covid19 on the iGaming business in General.
During the period of 23/02/2020 to 28/03/2020, the mass cancellations of Global Sports Events gave SportsBook operators a big hit in terms of Games to Gamble in, Simply betting slips did not exist.
Traditional Sports Betting simply gave it’s way to eSports and some horse racing still hosted in Florida in Feb 20.
Government and Regulators have imposed measures in Operations in regards to Protecting the Player and in addition themselves.
New set of rules and guidelines from the Regulators in regards to Marketing Advertisements, Maximum Bet, and Daily betting Limits have been applied in most European and US operators.
Brexit – UKGC
Operators that have a UKGC licence are now forced to comply with new regulations such as the AML the 5AMLD additionally in terms of Location of their Hosting Equipment EU Soil(Malta – Cyprus – Germany) is now not accepted and they will have to setup a replication infrastructure and apply for systems audit again.
THE REAL IMPACT IN PICTURES
As we have said in our introduction we will focus specifically on Google Trends and overall Consumer Behavior in Gambling Market Impact in the Covid-19 ERA.
To summarize, It’s been a challenging year for Online Betting – iGaming Companies but no one can definitely say that the sports betting industry is thriving and Casinos are about to be history.
UKGC study shows that OVERALL there is only 9% increase in money spent on gambling and NO increase 73% nor in time or money spent on Gambling.
Hopefully, this will be over very soon and we will see you again at the Expo’s.
Hosting Solutions with industry specific approach for iGaming/Betting, E-Commerce, Forex-Fintech, Blockchain. Full trunkey solutions ideal for Startups or business who have limited technical resources. Ask clarification TODAY
Creative and strategic thinking IT executive with demonstrated experience in iGaming companies since 2010 in Cyprus, Malta and UK.
Expertise covers the following areas:
– Managing DataCenters
– Lead NOC teams
– Engineering of High-Scale Systems
– System Architecture
– Drafting of Technical & Software Documentations as per ISO 27001
November 10, 2023
October 26, 2023