Sportingbet’s Fully Successful Actions
Since the one major market is closed and the others are only slowly opening, the competition in the online casino gambling market becomes really tough in the latest years. While the US market is closed, companies like Sportingbet and others are trying to learn how to exist on the European and Asian markets, completely new for them. However, according to the recent news from Sportingbet, the company is lifting the net gaming revenue and pre-tax profits for the first quarter.
In the past few years a lot of new online casinos and sportsbetting sites have tried to find them in the market, however companies like Sportingbet are gaining experience how to run on these new markets with their creative campaigns and special offers. According to the Q1 report that has been recently released, the company noted 28 percent rise in the company’s online gaming profits. What’s more, pre-tax revenue was also nice at GBP 4,9 million.
In days when the online casino gambling industry is spreading and profitable business over the past year, according to Andrew McIver, Sportingbet’s CEO, it is a little different with sportsbetting industry: “Whilst sports betting has historically shown itself to be ‘recession hardy’, no industry is ‘recession proof’. Unfortunately there is also no empirical data with regard to the online casino and poker industry to estimate what the impact of an economic downturn may or may not be on these products.”
There is no clue how long the troubling economic situation may last since the recession in the US has been confirmed, however Sportingbet are trying to survive this storm by tightening up parts of the company.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
