How COVID-19 is affecting the Indian economy?
| Tuesday | 6th October, 2020Summary:
The effect of Coronavirus has badly felt the world`s most developed countries like the USA, Britain and Germany. Obviously, India was constrained to be affected not only by domestic slowdown but also because of the international recession.
The gaming industry, nonetheless, in contrast to other economic sectors that are drastically affected by the outbreak, has come out to be more resilient to the COVID-19 outbreak. The pandemic lockdown boosted user engagement with games, hence revenue generation from various gaming companies and platforms have increased. Whilst digging a little deeper, the impact on the gaming industry is more complex, benefitting some areas of the industry while leaving others to struggle. Gambling industry is one such part which is left far behind in the pandemic. But, how COVID-19 affected gambling?
The gambling industry has experienced consistency in terms of growth since the day it was legalized which eventually resulted in a huge amount of international revenues. The industry is said to be not immune from the effects of coronavirus. Landbased gambling operators especially casinos, have to close their doors in order to avoid the spread of coronavirus.
Though, it’s that time where we all need to shift and adapt according to the current scenario and as far as, gambling is concerned there has also been a distinct trend towards participation in online gambling.
The effect of Coronavirus has badly felt the world`s most developed countries like the USA, Britain and Germany. Obviously, India was constrained to be affected not only by domestic slowdown but also because of the international recession.
The gaming industry, nonetheless, in contrast to other economic sectors that are drastically affected by the outbreak, has come out to be more resilient to the COVID-19 outbreak. The pandemic lockdown boosted user engagement with games, hence revenue generation from various gaming companies and platforms have increased. Whilst digging a little deeper, the impact on the gaming industry is more complex, benefitting some areas of the industry while leaving others to struggle. Gambling industry is one such part which is left far behind in the pandemic. But, how COVID-19 affected gambling?
The gambling industry has experienced consistency in terms of growth since the day it was legalized which eventually resulted in a huge amount of international revenues. The industry is said to be not immune from the effects of coronavirus. Landbased gambling operators especially casinos, have to close their doors in order to avoid the spread of coronavirus.
Though, it’s that time where we all need to shift and adapt according to the current scenario and as far as, gambling is concerned there has also been a distinct trend towards participation in online gambling.