Investing Daily
One sure sign that the cruise ship industry is in trouble was this announcement from
Carnival Corp. (NYSE: CCL) last week: “Game On – Princess Cruises Launches Sports Betting at Sea; Lets Fans Wager on Favorite Events.”
Can you think of a better way to spend your vacation than staring into a computer screen all day debating which side of an over/under bet to take on a college football game? I can, and I suspect a lot of other people can, too.
However, the company must come up with ways to recoup the money lost during the past year. Since the onset of the coronavirus pandemic, Carnival has lost hundreds of millions of dollars as its ships remain idled in port.