Gambling industry devastated by liquidity problems

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arbusers
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Gambling industry devastated by liquidity problems
« on: May 21, 2020, 05:52:45 AM »

The gambling industry is one of the biggest victims of the Covid19 pandemic. If you take a look at the surface, you will see that nearly all betting activity has been postponed for almost 3 months. Only casino and poker actions were able to continue like before. Stock market prices for almost all gaming operators plunged, and that reflects on their balance sheets and the redundant personnel. This is just the tip of the iceberg. But what if you look under the surface?

Massive liquidity problems.

The need for urgent cash is evident all over. Let me present some of the facts as reported in our forum, so you get my point.
-2 out of 4 supported agents are still not able to pay customers in a proper manner.
-Bet365 stopped accepting Skrill and Neteller deposits and withdrawals globally.
-PaySafe raised fees and does whatever possible to reduce costs.
-Software providers have seen sales going down to 0, and that includes alert services.
-Bot action went down by 95%. This is valid for the bots that could still operate after the recent raid against them.
-A number of bookmakers stopped their affiliate schemes.
The list goes on to more sensitive areas.

It seems to me that all actors of the industry are holding a vacuum cleaner trying to suck any circulating cash, even pennies. As betting action is about to return to some sort of normality, we will immediately notice that margins are changed. Imagine a barbershop charging 20 euros for a haircut before lockdown, now opening again to the public, but requesting 25 euros for the same haircut.  Now put the name of any bookmaker, any exchange, any e-wallet, etc to the place of the barbershop. This is exactly what we are going to see in the coming months.

There is an old saying that can be found in many countries. It goes like this: It takes a storm to show a good seaman. This Covid19 storm might have been the perfect storm and it now shows the good seamen. Unfortunately, we don't have many good seamen in this industry.
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campeones
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Re: Gambling industry devastated by liquidity problems
« Reply #1 on: May 21, 2020, 10:23:53 AM »

The majority of our managers were furloughed but people will get back to work in the coming weeks. We had to act like a vacuum cleaner too to avoid losing money. One thing everyone understands now is that GIG workers will replace permanent personnel.
We expect massive changes in the payment sectors in the months to come. We believe payments and e-wallets, in particular, will be a completely different landscape before the end of the year, if not earlier. E-wallets will become extremely difficult to work with in the near future. At this point, I can't say more as our analysis and information is not to be distributed. Bur mark my words, e-wallets will be very different very soon.
As for the fees, we already see that. I can't say how furious we have been after this: https://arbusers.com/index.php?topic=7232.0 but it is easy to understand who provoked it. It was someone big if not the biggest client of Orbit.
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Mtipster
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Re: Gambling industry devastated by liquidity problems
« Reply #2 on: May 21, 2020, 11:21:40 AM »

We expect massive changes in the payment sectors in the months to come. We believe payments and e-wallets, in particular, will be a completely different landscape before the end of the year, if not earlier. E-wallets will become extremely difficult to work with in the near future. At this point, I can't say more as our analysis and information is not to be distributed. Bur mark my words, e-wallets will be very different very soon.
Could you, at least give us few hints about forthcoming changes? Will it be about new customer verification, CRS, or moving away from gambling sector altogether?
I read your previous posts, all your pessimistic predictions came true, so you scared the s*it out of me this time, too.
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risilloch
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Re: Gambling industry devastated by liquidity problems
« Reply #3 on: May 21, 2020, 12:04:12 PM »

There will be a number of things that can be done to improve liquidity.

One that seems obvious to me is that when sport returns is to reduce the odds offered.
eg 5/6 on a handicap line instead of 10/11

Mug punters won't give a toss about what odds they get for their action and will bet regardless but
it will mean less value around for us to exploit.
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campeones
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Re: Gambling industry devastated by liquidity problems
« Reply #4 on: May 21, 2020, 03:01:27 PM »

Could you, at least give us few hints about forthcoming changes? Will it be about new customer verification, CRS, or moving away from gambling sector altogether?
I read your previous posts, all your pessimistic predictions came true, so you scared the s*it out of me this time, too.

It will be a little bit of this and a little bit of that but altogether combined will make our lives difficult. It is not wise to give away what our analysis and information are telling us for a number of reasons. But you have to prepare for fewer side profits, more fees, and stricter regulations. In some aspects the services that we will receive will go back to the Moneybookers times of 2010.

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arbusers
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Re: Gambling industry devastated by liquidity problems
« Reply #5 on: May 21, 2020, 03:10:13 PM »

prepare for fewer side profits, more fees, and stricter regulations. In some aspects the services that we will receive will go back to the Moneybookers times of 2010.

Anyone with basic experience in smart betting understands exactly what you say.
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Camma23
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Re: Gambling industry devastated by liquidity problems
« Reply #6 on: May 21, 2020, 03:11:35 PM »

In some aspects the services that we will receive will go back to the Moneybookers times of 2010.
[/quote]

Hi man, I see you know things very well. What you exactly mean with this sentence? Moneybookers times were gold compared to now...if I think how bad is Paysafe, the company who bought Skrill from that Moneybookers
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GreenScalper
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Re: Gambling industry devastated by liquidity problems
« Reply #7 on: May 21, 2020, 05:41:44 PM »

Actually I see that stock market prices almost recovered. Just a few examples - Kindred group, Betsson, William Hill, Bet-at-home.
Online turnovers are growing again and probably by July/August will be at the levels before Covid-19.
Betting shops will open soon. In fact some of them are already open.
I am kinda optimistic.

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dragspyr59
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Re: Gambling industry devastated by liquidity problems
« Reply #8 on: May 21, 2020, 07:32:00 PM »

a well known bookmaker with an MGA licence is doing a new trick...

accounts with positive balance are disappearing...
when you are trying to retrieve the "forgotten" password you get an error msg that there is no account. when you try to find out whats going on on the support the respond you " are you sure you had an account with us?"

ofcourse there are dozens of emails,welcome msg, transactions with them,emails with the support ( before the "incident") but knowdays they dont know who you are any more and bye bye balance...
there a dozen of cases and a lot of reports on MGA

am i free to give the name of the bookmaker?

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dragspyr59
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Re: Gambling industry devastated by liquidity problems
« Reply #9 on: May 21, 2020, 07:34:30 PM »

i ll give you a hint

they send every month reload offers to their clients
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arbusers
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arbusers

Re: Gambling industry devastated by liquidity problems
« Reply #10 on: May 21, 2020, 07:46:20 PM »

am i free to give the name of the bookmaker?

Sure.
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dragspyr59
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dragspyr59

Re: Gambling industry devastated by liquidity problems
« Reply #11 on: May 21, 2020, 07:51:38 PM »

18bet
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GreenScalper
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GreenScalper

Re: Gambling industry devastated by liquidity problems
« Reply #12 on: May 21, 2020, 08:08:00 PM »

18bet had terrible reputation even before Covid-19. No surprises that they continue with their scams.
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arbusers
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Re: Gambling industry devastated by liquidity problems
« Reply #13 on: May 22, 2020, 06:01:33 AM »

18bet

Thank you for reporting dragspyr59.
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neopas
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Re: Gambling industry devastated by liquidity problems
« Reply #14 on: May 22, 2020, 09:50:57 AM »

but it is easy to understand who provoked it. It was someone big if not the biggest client of Orbit.

Who provoked it?
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