38% of B2B companies surveyed by MGA have opted to postpone planned investments
The Malta Gaming Authority (MGA) is expecting B2C gross gaming revenue for 2020 to fall by 12% which is even below initial forecasts as a result of disruption caused by COVID-19.
After conducting a survey with online operators this month, the regulator has published its findings in a report assessing the impact of the COVID-19 pandemic on the Maltese gaming industry. Licensees of the MGA were also polled on key industry concerns, and mitigating actions taken by operators.
It is not surprising that Type 2 games, which include sports betting are expected to be hit the worst with sporting events around the world suspended. Gross revenues for them are expected to be around 40% lower than earlier projected in 2020. Games covered by Type 1 licence, such as table games, lotteries, and virtual sports, are said to have seen a rise in revenue, but not at a rate that offsets the Type 2 decline.
Additionally, as many as 38% of B2B companies surveyed have opted to postpone planned investments, due to the uncertainty caused by the pandemic.
Those active in both B2C and B2B fields are also predicting a 20% decline in revenue for the year, with over 60% of these businesses postponing investment plans.
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