Sports betting companies continue to suffer from the suspension of events across the world.
In Europe the postponement of the UEFA Euro 2020 football competition is only one of a number of major events that will adversely affect turnover. The latest company to express concern is Better Collective, which reports that until mid-March its business had shown a strong performance and did not appear to be affected by postponements of sports events through coronavirus.
However, this week it noted the escalating reduction in sports betting activity to around 50 per cent of the normal levels. It says that esports and the casino business had not been affected.
The company had revenues of €6.9m, up 27 per cent, in February, totalling €14.1m for the first two months of the year, up 37 per cent. It now believes that its expected income will be down this year by between €2m and €4m as a result.
