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What is Sticky Bandits Unchained?
If you’ve ever seen the movie “The Big Short,” there’s a part where the misfits that figured out what was going just prior to the crash of 2008 were screaming about the end of the world. Yeah, well this time it’s for real. There will be no saving it this time.
Meanwhile, governments have all gone completely nuts. Countries have locked down entire populations without thinking of even the most obvious, simple basic consequences, like how is the next generation, now locked in their homes in the U.K. and other countries for instance, going to learn the skills necessary to take the reins of the global economy?
How are people going to fall in love and get married and have children if they have to wear masks all the time and never see a human face?
What is Sticky Bandits Unchained?
Additionally the report cited taxing consumers (in 29% of the 28 markets covered), and banned products (14%), were also propelling growth in illegal gambling. A lack of choice, due to monopolies in place in five markets has also driven the rise.
Players typically play across various verticals, and by imposing restrictions on specific verticals or betting markets, engaged customers will look elsewhere to access these activities.
“If a customer finds black market sites that have all their preferred betting and gaming options, convenience dictates they will transfer a broad range of their expenditure there. Consumer recycling means that banning or restricting key products has a broader distortive impact on the entire market,” the report noted.
How to play Sticky Bandits Unchained
Bally’s CEO Robeson Reeves thanked Mircheva for her contribution and expressed confidence in Papanier’s ability to ensure continuity during the transition.
“Having spent more than two decades in key operating and financial leadership roles at Bally’s, George has been instrumental in developing our business model, asset portfolio and growth strategy,” Reeves said.
“He steps into the interim role supported by an experienced finance organisation and I am confident that our reporting, controls and capital markets work will continue without disruption.”
