Take your money out the Casinos?

nutnut

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Sep 11, 2014
Location
england
Whilst whole world overreacts to this virus, I think it's incredibly naive to be using casinos or keeping money in them right now.

I work within the sports betting industry and this is having a huge impact on turnover with most sport being stopped. Many of these smaller firms will collapse imo.

Anyone with 3 figures in a casino needs to withdraw it asap if it' not any of the big UK firms. I would personally avoid depositing at smaller sites as if you hit big the chances of being paid must be slim.
 

goatwack

Get dunked, big buns!
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Aug 29, 2012
Location
Londonia
Sports Betting is casinos' bread & butter right, so casinos will take a hit for sure, running on bare minimum operating crews.

Might mean a small spike in Slots participation, but maybe not that much overall. Given how many are fretting as to when (if) they can even go back to work. Meaning gambling's on the back-burner for the foreseeable....

Would still opt to play at regulated UK casinos in terms of funds protection however when all's said and done
 

brianmon

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It would depend on what proportion of their business is sports betting and what proportion is casino.
If sport only account for a small amount of a particular site's income, then there shouldn't be a problem.
Plus a lot of casinos, don't even have sports betting
 

Casinomeister

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Why would anyone keep their funds in a casino? It should be - deposit/play/ withdraw. If you're keeping them in your casino casino account, please read the terms and conditions - most casinos will state that they aren't a bank :p
 

Jono777

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Sports betting section of larger websites will drop right off, however I feel the other sections, slots, tables, lotto, scratchies, bingo, keno etc etc will increase, thus more than compensating for this temporary 'glitch'

I do think you have a point on the small amount of smaller operators who primarily focus on sports however and only offer a small handful of the alternatives I mention.

As for leaving monies in an acocunt, When my luck finally turns for the better, I cannot hit the 'cash out' button fast enough, leaving only the tiniest of amounts for some good old DoA minimum bet action the following day :p
 

nutnut

Meister of Infractions
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Sep 11, 2014
Location
england
Point is no one will have income to gamble. Yes if we all supported by the government we can gamble and pass time but only so much funds exist to help and gambling on slots is not a necessity is it(great time pass i know).
 

Jono777

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Point is no one will have income to gamble. Yes if we all supported by the government we can gamble and pass time but only so much funds exist to help and gambling on slots is not a necessity is it(great time pass i know).

Wonder how this will affect affordability checks then lol?

Strictly speaking those caught in this situation will see wages become benefits :eek:
 

goatwack

Get dunked, big buns!
Joined
Aug 29, 2012
Location
Londonia
Point is no one will have income to gamble. Yes if we all supported by the government we can gamble and pass time but only so much funds exist to help and gambling on slots is not a necessity is it(great time pass i know).
Exactly. How are people going to gamble when they don't know their employment status from one week to the next
 

lewisnadasurf

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Jun 11, 2008
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Earth
My company released this statement yeste

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sports only accounts for 45% of the whole years turnover.And bare in mind this lock down will be 3-6 months not the total year.
The other 55% in poker, casino, bingo IMO will increase. You’ll get bored people at home with nothing better to do.
plus we have £260m cash in the bank.

bookies always come out the other side of anything, ok. In general.
 

lewisnadasurf

Experienced Member
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Jun 11, 2008
Location
Earth
Point is no one will have income to gamble. Yes if we all supported by the government we can gamble and pass time but only so much funds exist to help and gambling on slots is not a necessity is it(great time pass i know).

Your logic Is right but bookies boomed during the 2008 crisis? Why? Cos desperate people gamble.
It’s not a morale world in gambling I’m afraid!
 

geordiecolin

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Point is no one will have income to gamble. Yes if we all supported by the government we can gamble and pass time but only so much funds exist to help and gambling on slots is not a necessity is it(great time pass i know).
I think that many folk who had earmarked money for things they can no longer do will be quite happy to spend some of it on slots while having a few drinks at home. I really do think it will be a boon time for many casinos.
I do wonder if some bookies use the lack of sports betting income to reduce their rtp on slots despite slots never being as busy before
 
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Casinomeister

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I'm sure loads of the folks who had their Vegas trips shitcanned are spending that money online as we speak. LOL.

Gamblers are going to gamble - and they'll find a way to do it.
 

L&L-Jan

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Malta
With no live events, sports bets are dropping massively. Casino games see a massive upleft. From a business point of view, I'm pretty happy with the lock downs. But thats the only plus side to be fair!
 

Kroffe

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I'm sure loads of the folks who had their Vegas trips shitcanned are spending that money online as we speak. LOL.

Gamblers are going to gamble - and they'll find a way to do it.
I disagree..
But if you are so sure, how about we make a little bet to....oh nevermind, you might be right.
 

RichyJ75

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Why would anyone keep their funds in a casino? It should be - deposit/play/ withdraw. If you're keeping them in your casino casino account, please read the terms and conditions - most casinos will state that they aren't a bank :p


Hold on, I didn't realise there was a third option after deposit/play! I always thought it was deposit/play/deposit/play, etc etc !! :laugh:
 

nutnut

Meister of Infractions
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Sep 11, 2014
Location
england
With no live events, sports bets are dropping massively. Casino games see a massive upleft. From a business point of view, I'm pretty happy with the lock downs. But thats the only plus side to be fair!

True, but problem is not because no sports are on, your right more will turn to slots. But problem is no ones job is safe. I do not know if I'm working this week or next or next month, so if I go lose £50 I could regret it as that 50 pays for food to last for a week.

It's the unknown that is the problem, unless government guarantee a income for us all we will not know if we are safe to freely gamble.

They need to freeze council tax, loans/credit cards and other bills before people can not stress so much about the month to month finances.
 
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