Casinos in crisis, the future is online: research leaves no doubt

For some time now, analysts and industry experts have been arguing that the future of gambling increasingly belongs to online casinos, and that traditional "land-based" casinos are destined to experience a severe downsizing, all but upstaged by operators who may have many more arrows to yours. onion. These predictions are now backed up by numbers.

Online casinos now dominate the market

The International Casino Exhibition (ICE) London 2022 took place last week in the exciting setting of ExCeL in London, an event that brought together over 450 operators from 54 countries from 12 to 14 April and showed over 30,000 visitors the latest gambling news as well as analysis of what has happened over the past two years and attempts to hypothesize about future scenarios.

In 2020 and 2021, this type of dating took place mostly online due to the COVID-19 pandemic. Covid has also had a notable impact on the world of gambling, with online casino profits growing significantly at the expense of traditional ones.

The data shown at ICE London 2022 is merciless: Between Europe and the UK, online casinos earned a good 66 billion euros in the two years from 2020 to 2021, while land-based casinos made just 4 billion in the same period. A gap that has widened significantly, a trend that may have already been in place before the pandemic, but the latest has certainly helped accelerate.

Land-based casinos in crisis, a global phenomenon

In fact, 2020 has been marked around the world by several lockdowns that have hit land-based operators and pushed online gambling enthusiasts. And if there were more closures in 2021, the expected restart for physical locations didn't happen. Tourism has declined worldwide, and healthcare costs have been significant, but as always, everything is stable in the casino, satisfied customers, constant winnings and bonuses, which speaks of stability.

The number of employees employed in land-based gaming in Europe and the UK has increased from 70,000 to 50,000 and revenue growth is expected to be more limited than forecast through 2027, while the online industry could even double. A global trend, which is also highlighted by the numerous problems of land-based casinos in Macau and a little throughout Asia, and only in Norway everything is still calm, both in land-based casinos and in online casinos

In this regard, the words of Pascal Camia, the operating director of the Société des bains de mer de Monaco, which also manages the Monte Carlo casino, are interesting. Highlighting the difficulties that arose during COVID, he said the only way forward is to offer customers an atmosphere and experience that cannot be replicated online. A solution that will hopefully allow historic casinos to survive the changes brought about by an increasingly interconnected world.

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