Royal Vegas Casino cashes heavily by online gamblers
Since the opening of the online gambling market has Royal Vegas Casino there's a lot of cash in that market. Since October 2021, companies have been allowed to offer online games of chance, they knew that at Royal Vegas Casino. In a period of three months, a turnover of around forty million was achieved in this market, thanks to the Online Casino Games . A welcome boost, but given the heavy loss suffered by the corona pandemic, it was nothing more than a cloth for the bleeding.
When the Royal Vegas Casino managed to obtain a license in October, it was not down to business. With the license that made it possible to play games for online gambling the offer was immediately followed up and gained a considerable market share. The Gambling Authority calculated that in the fall of 2021, about 185 million dollars were circulating in the market. Almost 22 percent of this total market share came from the drawer of Royal Vegas Casino. That's not a meager market share for a business that's only a few months old.
But as mentioned; due to the corona pandemic, Royal Vegas Casino is not in calm waters at all. Due to the lost income, all the bits are welcome and despite the fact that these revenues from a new sector are very welcome, they are far from enough to compensate for all the corona losses. This can also be seen when we look at the other casinos, where it went a lot less forward.
After all, due to the pandemic, it was no longer possible to physically visit a casino. Due to the measures of the government, these casinos had to close for more than half a year and only over one and a half million customers came. For comparison: in 2019, the last ‘Corona-free’ year, there were more than 6 million. That's a decrease in visitors of almost 73 percent. No wonder, then, that this industry also has to walk on its toes.
Beware of the place
And also when we look at what effectively ends up in the money of the casinos, we can not but conclude that they need to make a pass on the spot. Because despite the fact that the big bomb of corona already hit in 2020, an even lower turnover was turned in 2021. In 2021, the final turnover amounted to 304 million dollars. However, this is already including the forty million dollars that were earned with the online income. And despite that windfall, there was still a considerable loss, almost 65 million dollars.
The only boost can be mentioned that the 65 million loss is a step in the right direction when we look at the first Corona year. After all, despite higher sales, the loss then amounted to more than 80 million dollars. But then there was also an online platform that could help compensate. Each visitor spends an average of over $ 150 per visit. A considerable amount.