Death of online casinos

I agree that margins are slim, hence that even the likes of Eddie Stobart are struggling to keep afloat.

They need help, I never said any different.
Here is an article that gives both sides of the coin. I personally don't care too much about cloths,bricks, cuddly toys and the like although it is all a huge part of what makes our economy. What I care about is the break down of the ability to provide food and essencials.

You do not have permission to view link Log in or register now.
 
You did not fully understand the distiction that I was attempting to make. A school and its infrastructior is going to be there tomorrow. Once a large % of an industry is out of business is a lot harder to mobilise.

There are, without a doubt, going to casualties but once all of this over the freight will continue to be moved. Somebody will pick up the work.

No different to the airline industry who, too, has been screaming for Government help, to no avail so far.

Government will have to decide who they are going to bail out.... airlines, haulage companies, pubs, cinemas etc.

There is additional stuff that can be done for the haulage industry, such as abolishment of VED for a period of time, reduction of duty on diesel etc.
 
There are, without a doubt, going to casualties but once all of this over the freight will continue to be moved. Somebody will pick up the work.

No different to the airline industry who, too, has been screaming for Government help, to no avail so far.

Government will have to decide who they are going to bail out.... airlines, haulage companies, pubs, cinemas etc.

There is additional stuff that can be done for the haulage industry, such as abolishment of VED for a period of time, reduction of duty on diesel etc.
I'll leave you to read the above because we posted at almost the same time
 
Here is an article that gives both sides of the coin. I personally don't care too much about cloths,bricks, cuddly toys and the like although it is all a huge part of what makes our economy. What I care about is the break down of the ability to provide food and essencials.

You do not have permission to view link Log in or register now.

I can only speak from experience, and what I am seeing right now (once the initial panic was over) is goods coming in as expected and going to the shops in a timely manner.

What we're struggling with is getting the manufacturers to keep up with certain lines that people have been hoarding, but that is not a haulage problem more a manufacturing one.

The RHA is doing its job it gets paid to do and that is getting the best for their members. They don't want to see haulage companies go bust partially because it will mean less money for them coming in.....
 
I can only speak from experience, and what I am seeing right now (once the initial panic was over) is goods coming in as expected and going to the shops in a timely manner.

What we're struggling with is getting the manufacturers to keep up with certain lines that people have been hoarding, but that is not a haulage problem more a manufacturing one.

The RHA is doing its job it gets paid to do and that is getting the best for their members. They don't want to see haulage companies go bust partially because it will mean less money for them coming in.....
Lets see how things pan out over the next week or two and I hope that your optimism proves to be correct

* Col rushes off to stick bets on tonights geegees in America before its too late :)
 
It's really brave to say that gambling industry will die with this situation. While there is somehting to bet on, casinos and sportsbooks will do the rest.
My concern is for the economy and jobs. As things are today will not be what things may become. Believe me this will bite hard
 
From a UK perspective, short term I think there will be gains, a lot of people sitting round with nothing to do. If the lockdown continues much longer though, I think we will see smaller casinos fail. A LOT of people are on 80% wages, no money or Universal Credit, and while short terms they might have cash in the bank to tide them over, I think after a month of not working they will tighten belts and cut back on stuff like gambling. Plus there is already a loss of revenue from no sports betting.
 
Once the powers at be reshape the economy and go to digital currency like they have been planning, online casinos will continue to strive. It may just take a few more months to implement.
 
My concern is for the economy and jobs. As things are today will not be what things may become. Believe me this will bite hard
Yes, but they won't Die. Of course there will be losses, right now because of lack of sports there are already losses but it's about getting in the move.
In any business you can diversify your portfolio in order to survive in the Market. If casinos and sportsbooks focus on that and start investing on an activity that this situation is not affecting, they will survive
 
Yes, but they won't Die. Of course there will be losses, right now because of lack of sports there are already losses but it's about getting in the move.
In any business you can diversify your portfolio in order to survive in the Market. If casinos and sportsbooks focus on that and start investing on an activity that this situation is not affecting, they will survive

I honestly wish I had your optimism. I recognise that financially many of us are not yet feeling too effected. The facts for me given the projections of how long lockdowns will last and the effects on our basic infrastructures will be more damaging than many realise.
I would love to be wrong.
like I said at the start of this thread I would love to hear what a casino rep has to say.
 
Last edited:
Yes, but they won't Die. Of course there will be losses, right now because of lack of sports there are already losses but it's about getting in the move.
In any business you can diversify your portfolio in order to survive in the Market. If casinos and sportsbooks focus on that and start investing on an activity that this situation is not affecting, they will survive

Not sure how an online casino that relies on customers spending money can diversify into anything else, if people don't have any disposable income. In the UK there were 900000 new universal credit claims in the first 14 days after the lockdown, I believe its almost 1.7 million now. Thats a lot of people with a lot less money coming in. There are also a lot of people on 80% wages, that 20% loss in many cases would have been what they had spare.

I have no doubt, short term, things will be ok. If this goes on for a couple of months, which is likely, then I am convinced we will see the smaller casinos failing.
 
They will 100% see a bite. Once the universal credit advance payment has gone for those with no job they have a further wait of 4 weeks for the next one. Even then there is a deduction for said advance loan they have taken out.
workers running on less than the 100% wages they are used to will soon also catch up on them when bills, mortgage payments, car finance, gas, electric and sky tv soon start wanting the payments that are owed.
I believe at the moment the casino industry is booming, would be great for a rep or a affy to post some figures but doubt it.
then just like the virus it will level..
then people realise that £400 from universal credit isn’t coming for another month... those in jobs are well less off than the month previously...
The cycle continues and people eventually have less to spend spinning book of dead.
it’s not in anyway sustainable for the industry.
hence the bottom feeders pushing it like it’s 1999 and most casinos to afraid to offer a match option incase they are deemed to of taken advantage of vulnerable people in the midst of the pandemic.
wonder how many casinos are doing affordability checks and sow? They should as Millions whom had jobs dont now, and those that don’t are on benefits....on £400 a month for example on universal credit should mean you can’t afford any luxuries...
Of course this kind of responsible gambling the industry frankly doesn’t give a shit about.
 
The casino industry do not rely on low rollers. It is middle earners and top earners who butter their bread. Given that mid earners will lose their businesses so much will be devestating and those on low incomes have will have to prioritize.
I believe 100% that most will be hardest hit.
As long as I can put the minimum bet of the horses from time to time I always have a pack of cards and I can yank off a few buttons :)
 
The casino industry do not rely on low rollers. It is middle earners and top earners who butter their bread. Given that mid earners will lose their businesses so much will be devestating and those on low incomes have will have to prioritize.
I believe 100% that most will be hardest hit.
As long as I can put the minimum bet of the horses from time to time I always have a pack of cards and I can yank off a few buttons :)
Totally forgot the whale issue col.
That said the steady flow of the low to middle roller must factor.
also a £50 max deposit a day is being touted and also been reported on by many outlets.
it wouldn’t bother me one bit, it’s only a expensive hobby to me not a living.
also miss the horses more, they have personality. Personality goes a long way.
hope your safe and well bro.
ben
 
Totally forgot the whale issue col.
That said the steady flow of the low to middle roller must factor.
also a £50 max deposit a day is being touted and also been reported on by many outlets.
it wouldn’t bother me one bit, it’s only a expensive hobby to me not a living.
also miss the horses more, they have personality. Personality goes a long way.
hope your safe and well bro.
ben
Even a £50 max bet would ruin many casinos today never mind when the economy hits the fan. Personally I have savings but I am looking to stick it into crypto.
I am bored as feck tbh but at leat I have my health,friends and family to communicate with. Many poor souls don't.
I totally agree that more will die because of the lock down that die of this so called pandemic
 
With respect that was from a while ago and things moves on
2008 was yes, however, having spoken to reps such as the one quoted in the article that was published a few weeks back, so far, no adverse affects, yet.
 
Oil is now minus dollars per barrel. Are we not witnessing the total collapse of our economic system. Reset anyone?

Not really. This is the futures market that expired today. Its back up to around $13 at the moment. The market that expired today was for oil to be delivered to Cushing, which is either at capacity or close to, so you had to go and get it basically. No traders have tankers lying round or any way of getting/storing it, so they had to sell at whatever they could get. However, with a massive oversupply at the moment, no one wanted it, which is why they had to pay people to take it!
 

Users who are viewing this thread

Meister Ratings

Back
Top