COVID-19 has increased online casino revenue and drives growth. This however means nothing to lad-based casinos that are struggling during the pandemic.
Although COVID-19 has had a negative impact on Australia’s land-based gambling industry, it’s led to positive predictions for online casinos. According to a research firm, the online gaming market is expected to grow by 13.2% in 2020.
That may be good news for the operators of casinos online, but it will be little consolation to land-based venues. The negative impact on the industry, which sees annual revenues in the region of $4 billion, is a reflection of what has been happening on a global scale. According to reports, the global casino market has shrunk by 5% due to the pandemic.
Restrictions Change Casino Experience
The continuation of operations by land-based casinos in New South Wales, ACT, Western Australia, South Australia, Queensland, Norther Territory, Tasmania, and Victoria (except Melbourne) would not be enough to offset negative effects. The Star Casino announced it would welcome players, but it wasn’t business as usual.
The venue said it would implement additional health and safety precautions. One of the new restrictions is barring entry to all but VIP players. Another is that the venue would be limited to 300 players.
Players will find the experience different to what they knew before COVID-19. New regulations have all but killed the vibe, which is not something that online casinos need to deal with.
In addition to far fewer players, those allowed in must practise social distancing, allowing a minimum of 6ft between them and other players. Players must wear masks and gloves and sanitize after using gaming machines. Casinos must also install plexiglass dividers at tables and machines.
Players Turn To Online Gaming
The prediction that more players will turn to online casinos in Australia is not difficult to believe. Most players in Australia are not likely to have VIP status, and not all of those who are VIPs will want to play at land-based venues under the current circumstances.
When playing online, players don’t need to bother with safety precautions. Based on these facts alone, many are now saying that the prediction of 13.2% growth may be a conservative estimate.