LONDON (AFP) - Bookmakers at an 'emergency summit' this month will be trying to find a way to 'survive the slump' triggered by the coronavirus pandemic.. Read more at straitstimes.com.
LONDON - Bookmakers at an"emergency summit" this month will be trying to find a way to"survive the slump" triggered by the coronavirus pandemic.
The SBC Digital Summit that runs from April 27 to May 1, will feature 140 speakers including more than 20 CEOs of major bookmakers from across Europe, the United States and Latin America. "Given the unique circumstances, I think there will also be discussions about how companies can work together for the long-term good of the wider industry and its customers."
"UK punters stake around £250 million on the Grand National alone, and that kind of income is impossible to replace." However, he says that punters largely are creatures of habit so while the online bookmakers can be credited with being innovative the rewards go nowhere near replacing the losses in income.
McCarron says the example of GVC Holdings - which owns bookmakers Corals and Ladbrokes - reflects the stark reality of life for the gambling industry at the moment.
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