After 188bet sports betting recently received US billion in financing，The company received another billion loan。April 15，188bet sports betting announced a billion term syndicated loan from institutional investors，This is also the second time in a month that the company has received huge financial support。It is reported，These funds will be used to deal with the negative impact of the new coronavirus epidemic on the company。In fact，Earlier this month，188bet sports betting said in a statement，Received US billion in financing from multiple institutions。Since this year，Affected by the global epidemic，188bet sports betting was also hit hard，Not only bookings dropped sharply，Funds are tight，It may even affect the IPO process。In the opinion of industry insiders，After continuous “blood transfusion” of huge amounts of money，Will greatly ease 188bet sports betting’s financial pressure，However, the current global epidemic is still spreading，It is not easy for this B&B company to get out of its predicament。

According to multiple foreign media reports，188bet sports betting plans to raise another billion in new debt，These debts will be held by Apollo Global Management Inc.、Benefit StreetPartners、Glade Brook Capital Partners、Oaktree Capital and Owl Rock Capital will participate。188bet sports betting also stated，USD 1 billion raised，Mainly to deal with the impact of the new crown epidemic。

After receiving the loan，188bet sports betting has received huge funding support of US billion this month。Just last week，188bet sports betting said in a statement，Private equity firms Silver Lake and Sixth Street Partners to invest billion through debt and equity，To support 188bet sports betting’s ongoing long-term investment efforts。

Some insiders pointed out，Received huge amounts of money continuously，We do not rule out the possibility of a valuation reduction with 188bet sports betting due to the current impact of the epidemic，It’s related to various capitals wanting to “buy the dip”。As understood，After completing the last round of fundraising，Although 188bet sports betting did not disclose the latest valuation，But according to people familiar with the matter，Early March this year，The company lowered its internal valuation to billion from billion in 2017。

Chief Knowledge Officer of Huamei Consulting Agency、Senior Economist Zhao Huanyan thinks，Received continuous funding support of US 188bet sports betting，On the one hand, various capitals recognize the company’s brand，At the same time，It also confirms the company’s determination to seek listing。

September last year，188bet sports betting has announced that it plans to go public this year，However, the sudden epidemic completely disrupted the company’s plan，To this end, 188bet sports betting has also promoted a series of "cost-saving" measures。End of March this year，188bet sports betting also stated，Decided to suspend recruitment and reduce marketing expenses，To cope with the impact of the new coronavirus epidemic on its business。Also，188bet sports betting has also suspended all marketing activities this year，At the same time，The company also cut the salaries of its executives by 50%，Save money with this。

For listing plan，Although 188bet sports betting still maintains its position last September，Plan to be launched in 2020 remains unchanged。However，In Zhao Huanyan’s opinion，Affected by the epidemic，The company’s listing process may be delayed。

Zhao Huanyan further pointed out，After this loan，Although it will greatly ease 188bet sports betting’s financial pressure，However, because the global epidemic is still spreading，It will not be easy for 188bet sports betting to get out of the predicament。Right now，Compared to overseas，The domestic epidemic control is relatively good，The tourism market is expected to be the first to recover。188bet sports betting can try to target the recovery opportunities of domestic short-distance travel，And international business，It still depends on when the clouds of the global epidemic will dissipate。

*Source of 188bet sports betting article: Beijing Business Daily, author: Guan Zichen, original title: "With another US billion loan, can 188bet sports betting escape the “haze” of the epidemic》.