Coronavirus slows betting business - The Times Group Malawi

Coronavirus slows betting business – The Times Group Malawi

Post was last updated: March 19, 2020

CHIBAMBO—It has negatively affected us

The fast spreading coronavirus has affected business operations of the country’s top betting company, Premier Bet, which thrives on sports betting.

The outbreak has seen a lot of international league games, including the Premier League in England, La Liga (Spain) and Serie A (Italy), suspended or cancelled, altogether.

Premier Bet Sales Manager, Sam Chibambo, said Tuesday that betting tickets sells have dwindled and there is a rise in tickets cancellation.

“We are heavily affected as most of our customers participate in Premiere League and other leagues. So, suspension of these leagues has really affected our sells across the country,” Chibambo said.

He was, however, quick to point out that people can still engage in other bets even though their biggest revenue comes from football games.

Chibambo said the firm has other products on the market such as lotto and rapid numbers where they have paid over K80 million to winners in the last three months.

Betting is not the only business affected. Spread of the virus has also affected airlines and tourism industries.

Malawi has not registered any case so far but some countries in Africa including South Africa and neighboring Tanzania have registered several cases.

Let us know what you think of this update and remember to add us on our facebook and follow us on our twitter. Make sure to come back daily for more Malawi business news updates.

Quick Links: Malawi Radio Station Frequencies | Where To Eat In Malawi | Download Business eBooks | Ten Signs You Are An Entrepreneur | What is a Managing Director?

Today’s top business story: Top Commercial Banks In Malawi

Source Link