Betting companies suffer major loss due to the outbreak of the coronavirus disease

Sports betting companies have incurred significant losses as a result of the continuous spread of the COVID-19.

The coronavirus outbreak has created chaos in the world of sports with many of the European based footballers falling victim to the disease. This has resulted in the postponement of majority of football related activities worldwide.

The suspension of football related activities have left customers with only a limited number of events to place their bets on.

From the information we’ve gathered, betting companies have failed to hit their daily targets since the emergence of the disease as the number of customers who patronize their services have reduced tremendously.

With the future now uncertain, betting companies have now made efforts to encourage more customers to wager on virtual games to help combat their financial losses.

Will betting companies survive if the disease persists any further?

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Ignatius Aboagye-Dacosta is a Ghanaian digital media entrepreneur, football content creator, and sports marketing professional with a strong focus on African and global football. He is the founder and editor of SoccaNews.com, a football news platform launched in 2019 and rebranded from 433Ghana, committed to delivering timely news, player profiles, match analysis, and insightful football stories. Ignatius has built a solid reputation in digital publishing and social media growth, managing multiple sports and entertainment platforms that amplify African football narratives to a global audience. His work blends journalism, branding, and audience engagement, with a clear passion for promoting Ghanaian and African football talents worldwide. In addition to media, Ignatius currently serves as the Operations Manager at Global Fish Link Limited, a Tema-based company, where he oversees daily operations, coordination, and strategic execution. This role has strengthened his expertise in business operations, logistics, and organizational management. Through his media platforms and professional engagements, Ignatius continues to contribute to the growth of digital sports journalism and sports business in Africa.
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