UK Online & Casino Revenue Reported Healthy Even with Current Pandemic Conditions
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The COVID-19 pandemic has had a huge impact on the gambling industry. In 2020, the gross gambling yield in Great Britain was 5.89 billion British pounds, down from the previous year's GGY of 14.12 billion pounds. The decline can be attributed to the closure of brick-and-mortar establishments and the pausing of major sports leagues. According to Statista, more people in the UK searched online for the term "casino" in May 2020 than at any other time on record. In 2021, 32.8 percent of adults between the ages of 45 to 54 stated that they took part in some form of online gambling.
Las Vegas Sands Corp. recently reported financial results for the quarter ended September 30, 2021. Melco Resorts & Entertainment Limited recently released its unaudited financial Results for third quarter of 2021 and reported a profit of US$31.9 million. SharpLink Gaming Ltd. and Quintar Inc. also recently announced their financial reports. SharpLink is a pioneer of game-changing technological solutions and experienced-based services for U.S. online sports betting industry. Quintars is also a provider of services to the U.,S online gambling industry and has a presence in several countries.
