Online casinos and sports betting platforms are big businesses like we all know, and currently considering the economic situation of things around the world many businesses are affected and have been taking measures to cut costs in terms of reducing staff, taking loans etc to still be able to sustain operations. How do you think online casinos and sports betting platforms are adjusting to manage the situation?
In bad times casinos do well, in good times casinos do great. There may be less players with money around during the middle of a recession, but if you consider the very low operating costs of an online casino (at least in comparison to physical casinos), then you can understand that they are massive money makers regardless of the current economic conditions. You would have to find some extremely bad management or a chain of very unlucky events to take down these gambling enterprises which at the biggest level are making their owners millions or tens of millions per year after all other costs are paid. The owners of the biggest casinos here are able to afford some big yachts and if they're wise then they have also diversified.