How Is LocationSmart Helping Gaming Operators Avoid Financial Damage Due To Coronavirus?
Since its breakout in Wuhan, China, late last year, Covid-19, popularly known as coronavirus, has continued to spread across the globe at a very alarming rate.
Every day, there are reports of new infections and deaths. Covid-19 has, in one or another, affected different industries all over the world, including hospitality, tourism, travel, and the entertainment industries.
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Restaurant operators are closing down in an attempt to reduce the spread of the disease.
Casinos and gaming platforms are not left behind; they, too, have suffered the wrath of Coronavirus as they are currently on virtual lockdown. Most industries are considering operating remotely, and here is where LocationSmart services come in handy.
Impact of Covid-19 on Casinos
The covid-19 pandemic has impacted the gaming industry immensely. The most hit is Macau Casinos since the number of its regular customers has reduced at a very high rate.
In February, more than forty Macau’s casino closed for a fortnight. Macau being one of the largest gambling destinations, attracts gamblers from china.
According to reports, the number of customers coming to Macau has reduced by 80%, resulting in an estimated 88% drop in revenues.
Apart from Macau, other casinos and gaming platforms located in different parts of the world are feeling the same sting. Most of the Casinos in Las Vegas, Europe, South America, and Canada have closed shop.
In Australia, casinos are trying to enforce social distancing, whereby only a few people are allowed in a specific table.
What next?
As a result of many casinos closing their premises due to coronavirus and the dangers that come with going to public places, most gaming platforms and individuals have turned to online gaming.
In the Philippines, for instance, the number of people accessing online gaming platforms increased by 90%.
In all the other Asian countries, online gambling is illegal. Additionally, Fox Bet says that by 17th March, the number of its online clients doubled.
In most states, even in the US, online gambling is illegal. For instance, in the United States, only four states are allowed to participate in online gaming. The states include Pennsylvania, Nevada, Delaware, and New Jersey.
Even though the legalization of online gambling platforms means more revenue for the government, it will be tough for gaming operators to verify its customers and, at the same time, maintain regulatory compliance.
The good news is that LocationSmart can help casinos manage the current situation and future situation.
As earlier said, online gambling is restricted to specific regions and countries. It means that it is illegal and that you risk arrest if you play in areas that are not permitted.
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The main challenge the gaming operators are facing is not being able to identify the location of the player. Gaming industries use geofencing, geolocation, confidence scoring, and so forth to determine the exact location of a customer.
LocationSmart comes in handy since not every solution fits every gaming platform. It has several verification capabilities and identifies one’s current position using IP Geo-location, app-based location, and device profiling.
LocationSmart is a global leader when it comes to asset tracking, verification, cybers security, compliance, and so forth.
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