After the coronavirus pandemic has wreaked havoc on the tourism industry，STA 188bet sports betting, a well-known Australian 188bet sports betting agency, has filed for bankruptcy。

This 188bet sports betting agency focuses on tours for backpackers and young people，Entered escrow on Thursday。

As understood，STA 188bet sports betting was founded in Melbourne in 1979 by two Australian backpackers，Originally representing Student 188bet sports betting Australia。Later changed its name to "Student 188bet sports betting Association"，Then the "adventure journey" began。

The 188bet sports betting agency had 70 stores in Australia at its peak，But now the number has been reduced by half。

Parent company STA 188bet sports betting Holding AG said in a statement，The epidemic has brought the tourism industry to a standstill。

Declaration indicates，Under the new crown epidemic，We spare no effort，Taking decisive measures，Cutting costs，Restructured and renegotiated with suppliers，To ensure business protection after the epidemic。However，Due to consumer uncertainty，Further restrictions and new lockdown measures，Sales did not grow as expected，This situation is expected to continue to a large extent in 2021。

Therefore，STA 188bet sports betting Holding AG is filing for bankruptcy。Although the Swiss parent company STA 188bet sports betting Holding AG is affected，But STA 188bet sports betting’s local day-to-day operations around the world may still continue。

STA 188bet sports betting has approximately 200 offices worldwide，Owned 2 globally,000 employees。Many of them are joint ventures or have franchises，Expected to continue trading locally。

Expert claims，Until the beginning of this year，STA 188bet sports betting’s performance is good。

Australia and New Zealand are the 188bet sports betting agency’s main markets，Promoted students、Bookings for Gap Year Students and Backpackers。

Asia also performed well，STA has offices in Thailand and Singapore。But，These areas have been severely affected by the epidemic，Many stores were forced to reduce services，Cutting costs and laying off workers。

*Source of this article:Australian impression, original title: "Can’t hold it anymore！A well-known and established 188bet sports betting agency in Australia declares bankruptcy！Number of stores in Australia reduced by half》.