 COVID-19 Impact on Gambling and Banking: A ComparisonInternational Journal of Finance, Insurance and Risk Management, 2021, vol. 11, issue 3, 27-36 Abstract: Purpose: The gambling industry has been slowly shifting to online as more jurisdictions are allowing for online betting. The effect of the COVID-19 pandemic has accelerated the growth of online competitors but what can participants bet on if there are no sports events? Moreover the set-up of this industry has been also disrupted by the COVID-19 pandemic. In this paper, we discuss the impact of the pandemic on the gambling and the banking industry. Design/Methodology/Approach: We interview 21 professionals based in Malta, an EU country which is considered as a hub for operations of online gambling operators. Findings: Despite serving different aims, they share some similarities as both operate in highly regulated environments. We find that COVID-19 has been acting as a catalyst for both industries to accelerate changes. Originality: The gaming industry is a multi-billion euro industry but there are few academic discussions focusing on their operations. Our paper is unique in focusing on the challenges of this industry during the pandemic Keywords: Gambling; covid-19; operational risk; banking; esports. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ers:ijfirm:v:11:y:2021:i:3:p:27-36 Access Statistics for this article More articles in International Journal of Finance, Insurance and Risk Management from International Journal of Finance, Insurance and Risk Management |
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