The influence of pandemic on the gambling shares market

Currently, the COVID-19 pandemic is exerting a life-altering effect on every sector around the globe; even the gambling industry. Many gambling venues have been shut down, and poker players found themselves in a loose end, having little to do at home.

This results in an increase in traffic levels, which hasn’t been seen for a long time.

Many European countries are about to go into the second wave of the lockdown, and many insiders have been predicting an even higher peak of share prices, but things may change as the world may return to what it was earlier in 6 to 12 months.

It is essential to know that the share prices of partypoker and PokerStars have dropped significantly. Although, it hasn’t made much of a dent in their increase since March this year.

The majority of share value is actually coming back to brick-and-mortar casinos, and investors worldwide are expecting casinos to be back again.

WPT Resuming Normal Services

New live festivals are expected to come back alive again following news of an effective vaccine. The organizers of the World Poker Tour have been given a green light to commence their tournament again next year in February. partypoker hosted the WPT World Championship this year, and it was a major success. But still, fans want to the events face-to-face.

The WPT Russia will commence on February 19th and run through the 28th. The tournament will take place at Casino Sochi.

If you have a passport and want to participate in this tournament, get ready and take a quick look at the qualifiers on partypoker.  With little cents, you can make your way to getting live cash prizes.

Players in the united states can also play in the WPT Online Poker Open, which will run on partypoker US, New Jersey.

Adam Pliska, WPT CEO, said: “The WPT Online Poker Open brings the most prestigious prize in poker to New Jersey and the partypoker US Network. The WPT’s continued pivot toward online will continue with another landmark for regulated online poker in the United States.”

This will be the first-ever WPT Online Event held virtually in the united states. From December 27th to 29th, there will be A $1,000,000 guaranteed, $3,500 buy-in main event. This event’s winner will have their name decorated on the popular Mike Sexton WPT Champions Cup and get an entry to the WPT Tournament of Champions worth $15,000.

US Casino industry takes a U-turn

Bally’s Corporation recently acquired Bally’s Atlantic City. The acquisition cost a meager $25 million on top of  Bally’s $20 million sale. This looks strange following the fact that Bally’s Las Vegas Hotel & Casino is still owned by Caesars Entertainment, and Bally’s Atlantic City has now be acquired by a new company. What they really got for their initial $20 million is only the option to rebrand the nine casinos they already own or manage.

George Papanier, president and chief executive officer of Bally’s Corporation, said in a press release: “We strongly believe in the potential of the Atlantic City market and are confident that we can restore Bally’s to its former glory.”

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About the Author

Lawrence Damilola

Hi Guys, I am Lawrence and I started working for YourPokerDream as a content manager since 2019.
My job is it to manage the news section of YourPokerdream; to write different reviews on our partner sites and create new articles.

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The last changes of the page “Online Gambling Shares Hit the Rocks Following the News of an Effective Vaccine for Coronavirus” was made by Lawrence Damilola on November 30, 2020