Online Gambling Prospects: Forecasts from Authoritative Experts
The largest financial agglomerate Morgan Stanley presented 50 most promising trends that have emerged as a result of the COVID-19 epidemic. The advancement of gambling services to the first place was expected. As financial analysts believed, gambling entertainment and virtual casinos should become the main target of investors, since they were at the peak of possible profits. At the same time, this is primarily true for the US gambling industry.
The company's analysts said that the basic principles of investment will certainly be affected by the incredible prospects that have emerged in the gambling industry, including increased activity of most consumers, etc. The maximum growth potential is observed in the States. A couple of months before the outbreak of the pandemic, most experts predicted the growth of the US gambling market. An approximate amount was also announced, which was supposed to be about 8 billion dollars by 2025. However, the pandemic has made serious adjustments to the life of the entire planet. Basically, we are talking about significant losses. One of the few industries that benefits from quarantine measures is gambling. In particular, in the US, the above-mentioned profit will increase several times.
The situation is very different across the country. While in some states normal life is gradually being restored, in others quarantine measures are only becoming more stringent. As a result, casino operators are starting to close (temporarily) land-based casinos and invest in the development of online gambling. Naturally, investors understand that they will not be able to make serious profits right away, so the minimum plans are calculated for five years.
Morgan Stanley's analytical department strongly recommends paying attention not only to gaming platforms, but also to areas that are indirectly related to gambling entertainment. For example, we are talking about investments in payment services, as well as companies that are responsible for online security. Today, no one doubts that after the end of the pandemic, the rapid growth of the gambling industry will continue. The development of so-called near-gaming areas will also receive an excellent impetus for further growth.
