Topic: About running an online casino vs an offline casino - page 2. (Read 902 times)

The running is the same because they both involved players playing, the same thing but the little difference is the online and offline, onw require you to go to a place where there is gambling and the other one need just any device that can get you and internet.


It's definitely profits, if you are not making much money, it's means that you will be making loss and that means they will be losing much on the profits the casino is expected to make at then end of the month or th year.


I think depends on how large the offline casino is. If the offline casino is large, you will need much number of staffs to manage it together but if it's small, then you need just few people but as for online casino, even if the games are large in number or small in number, you can hire any numbers you think it's okay for the online casino. However, you need to have a web developer to be active if you own online casino.


Casino are all diffict to manage and supervise. I think online can only be supervise by a web developer but as for offline  casino, you need every staff to be available to monitor your business and every activities.

No.

Just like any other business, they have to close the doors if they aren't making enough income to keep the business sustainable. Some crypto online casinos have already ceased their services, but I'm not sure why they did it, since it seems unlikely their platforms weren't making profit. I believe it was due to low traffic of gamblers, generating less money than they intended, as you said.

It depends on the number of customers they have. More customers mean the platform needs more employees. Anyway, it will be always proportional to the profit made. So, for online casinos, even if they have to hire more employees than a small offline casino, it's still a good deal, because it means they are making huge income which is pretty enough to pay everyone and still make big income for the owners.

It also depends on the size of the casino. A small offline casino can be easier to manage than a global online platform. The pros of online casinos is the convenience of managing them, since everything is done virtually, through electronic devices, so you can work and manage the platform from anywhere where there is internet connection.

Online casino. Nowadays it's the best alternative for entrepreneurs and that is what many people are doing. If I had interest in exploring this niche of the industry I would go for a 100% digital platform. The potential customers you can achieve is also superior to offline casinos, which are pretty restricted on the range the business operates.

If we look at the casinos in Las Vegas, it's mostly operated by group of individuals who are really into this business, like Wynn and others so they know what they are doing and yeah, they are the big boys in the gambling industry. But online is totally different, it's like a wild wild west. Anyone can open their casinos, if they have the budget, but it's hard to maintain it as competition is very hard.

Just like in this community, we have like 5-6 competing and high level casinos, they could be earning big amount of money right now, but they really have to awaken the gamblers here with their promotions to stay and play with them.

You asked some interesting and extensive questions, and going through the comments I read a lot of interesting answers... some I agree with some I don't. First of all, I think we can't generalize these things, it's not only a question of which casinos earn more, but it is also a question of where they are located, in which countries they operate, and whether they have enough qualified people (I would say that is the most important factor). Without qualified people, every business will fail sooner or later.

I quoted just the last question for a reason. Since I am not qualified enough to run an offline/online casino I think I would probably hire someone to do that for me and continue to be a gambler. I guess it's like that with many others from here.

Yeah it also takes a lot of money to start an online casino. Casino owners would cry if they read "only cost a few bucks to create their platform" lol.
The cost to build a land based casino will always be expensive because the owner must buy or rent many assets such as land, buildings, machines, equipment for games, etc + license and tax which more expensive than an online casino.
I dont think its possible to build a land based casino with only $300K, but that amount would be enough to build an online casino.


Yep, online casino marketing costs can be bigger than the costs of creating the platform itself.
Online casinos that only locate a small amount of funds for marketing will certainly not survive long enough compared to their competitors who are more aggressive in terms of marketing.

Well, starting an online casino would also require a lot of money and not just a few bucks because there are expenses such as buying games, creating the platform by hiring developers, hiring customer service agents, and having an office to manage everything though this can be managed through an in-house office but still, if you have more employees, you will need a bigger space, and on top of everything, marketing expenses.

An online casino can only be profitable if you have an amazing marketing team that knows how it's done so that the team can create marketing campaigns that would bring a lot of gamblers for the platform because as you said, there is a lot of competition in the online gambling industry and it's not easy to compete with casinos that have been operating for so long.

In my view, running an online and offline casino is almost the same. Because if you think deeply, you can see that running an offline casino requires exactly the same things as running an online casino, but in this case, some money may be different in the case of an online casino platform because the number of people to run an online casino platform and online may be a bit more complicated. In terms of management, running an online casino platform is a bit more difficult than an offline casino platform. Although a bit difficult, running an online casino platform is very profitable because online casinos can be joined from anywhere in the world but offline casinos cannot be joined by anyone from anywhere in the world. If I have the resources I will never go to an offline casino I will always rely on online casinos because I must use online to protect my privacy.

Can I answer you openly with my opinion?

I believe that in an online casino your investment is smaller, the chance of reaching a larger audience is greater and the risks are much lower.
In an online casino you can already outsource a lot of things or even integrate ready-made solutions. Work with trusted software providers to ensure your casino is packed with high-quality games that will attract and retain players. This could include a varied range of slots, classic table games like blackjack and roulette, poker, bingo and perhaps even a sports betting offer. The possibilities are countless, much greater than in a physical casino.

Another crucial aspect of creating an online casino is licensing and regulatory compliance, which in my opinion should be much easier to obtain and less bureaucratic than for a land-based casino. To operate an online casino legally and transparently, you need to obtain a proper gaming license. The jurisdiction in which you choose to obtain your license will determine the laws, rules and regulations you will need to adhere to, but remember that you can open your website in any country, so look for one that suits your needs, some of the gaming jurisdictions Most popular and respected include Malta, Gibraltar, the Isle of Man and Curacao.

That's why those who tries to operate a physical casino will do every business analysis to ensure that what they have invested will result to a proper in an expected time. I guess we call them the big boys in the gambling industry, as not only they run a casino although that's their main but they are also making money with their hotels and other facilities that gamblers could use and enjoy during their stay. Let's consider vegas for example, they are popular for a reason and despite the advente of online casinos, they still stand strong with their growing business.

The business permit alone to operate a gambling business is already tedious for offline casino, let alone all the infrastructures to be placed inside. Gambling license for online casinos for me is much easier as you can transact online like the one from Curacao gaming license.

Offline gambling business will need a lot of funds before you even begin with your operations, whereas, online casinos may need few bucks to start with. But both will need long-term plans to sustain the business. Launching may be easy for online, but the sustenance is hard as the competition is getting tough owed to numerous online sites available.

1. Same business, different set up or venue
2. If less demand then less revenue. Common sense
3. When it comes to staffs then it would be have more than when having that offline casinos.
4. Managing business? no matter what it is, its never been that easy. Tons of factors which you would be needing to check out.

If i do have the money or financial capacity?for sure i would really be creating one no matter what.
We do know on how profitable gambling business is, it is really just that too expensive or does require big capital
for building one.

The operation is not the same but depending on what you call online and offline casino. Here in my place, casino aren't too patronized like they do in other places but sports bookies are many here. Howe, whether online or offline, you need to have a computer engineer that understands the web and the game structure for people to play.


They will lose money of course and that means they will be running on lost with less money available to service the running cost of the casino, you need money to settle the engineers and bookmakers may stop providing service to your casino.


Online casino gives you advantage to hire less staffs but virtual staffs for online casino are damn expensive and also risky. You don't know what your staff that is remotely located will do to your casino, you don't know if you can trust. You need to have someone around you to work with you which I see as disadvantage.

Don't underestimate the amount that you will spend running a casino either online or offline, just know that online requires less staffs but that doesn't mean you wouldn't spend.

Those are much bigger concerns than the location part because finding a good location might not be that big of a problem. Still, as you mentioned, a person cannot simply start a casino if they have put together some money because it would require a huge budget for someone to start a land-based casino business. It's not possible for a normal person and only politicians, businessmen, and those who are millionaires can get into that.

When we talk about an online business, it doesn't require a lot of money from the person who is willing to start one, all one needs is a budget that can cover all the costs which aren't that much, and maybe a few colleagues to help manage the casino once it has been established.

We must not forget the higher costs of offline casinos, the amount of money you will have to spend to get all of the slot machines and other games in place, the maintenance of the machines, paying all of that staff and the bills is simply too much, to the point it is impossible for any one person to start an offline casino anymore due to the high costs involved, so if a person wants to get involved in the industry they do not have too much of a choice but to try their luck with an online casino.

Well, are we just see this in general concerning online and offline crypto casino the both have their differences, I think the online make more money than the offline because of location, if you are running offline you will just have a limited gamblers that play in the area meanwhile online you can play from anywhere or even a different country.
Offline is just limited to a community meanwhile online you can play from different part of the country, I prefer online to Offline but if the online casino also have the offline that is more good

1. Is running offline casinos the same as running an online casino?
No, physical casinos do need more set up and would be having that bigger expenses considering that machines are far more expensive than coding. 

2. What do online casinos have to lose if they aren't making as much money as they intended?
Everything that involves digital which is unlike when offline casinos would be having.

3. With online casinos, isn't the number of hiring being limited compared to someone who wants to run an offline casino?
I do believe that online casinos are having that less staffs than on offline ones. We arent that blind on not to see and observe on which
is far more needing to exert effort and work in between the  two.

4. Which one is more easier to manage than the other?
Managing business is never been easy and even if online looks like simple but actually its not.

And the last question is, which one would you go for if you have the resources?
I would prefer offline casino on which this is something that getting much attention than online.
Im not sure somehow though.

No they are different, even though they are both in gambling industry, there is huge difference in running an online casino from offline casino.  In online casino there is no need to rent a space in order to place the gambling games devices.  There is no need to hire maintenance people to clean the place and many more.


Money, time and effort.  If a casino is not making much money, their capital, time of planning and effort in implementing the plan are the one affected.


Yes the number of employee will be limited, online casinos only need web developer, customer support and their online security personnel.


I think online casinos are easier to manage because staff is limited, and all the activities are done online and is easier to monitor than the offline casinos.


Definitely an online casino.

The main difference between the two is the competition you will face and the costs, an offline casino only has as its competitors the local casinos that are near it, while an online casino is competing against all online casinos around the world, however offline casinos are way more expensive to run, as just the rent you will have to pay and the slot machines and other games you will need to put in place will be many times more expensive than what you will need to pay with an online casino, while you will need more personal to manage it, so all in all if I had the choice I will probably go for an online casino over an offline one.

1. They are similar but not the same because online casino is cheaper to run than an offline casino. This is because you will need a lot of physical things to put in place for a startup.

2. Online casino will be affected if they don't have much customers, and it might lead to packing up, because they need funds for maintenance and payment of their staffs, and whoever wins from the casino.

3. Yeah, online casino don't need much staffs like the offline casinos who needs a lot of staff in place to run the casino activities. They need security personnel.

4. I don't have a casino, so I cannot say which one is easy to run, but from the amount that is needed to set it up, I will go for an online casino, be ause there will be more customers than offline casino, due to easy access.

There are people who were good with local gambling houses before they discovered online casinos, and they have diverted their attention to the online casinos, but that does not mean they don't like the local gambling houses again.
 
The thing there is that they might use the online casinos when it comes to easy access and privacy, but when it comes to some kind of fun, the gambling houses most times give a different kind of fun that it gives, especially when you go there and see your fellow gamblers either on the same fan team or on the opposite side, which you can debate with, and the rest of them debate and argue as long as it doesn't result in violence, giving a different kind of energy in gambling.