[FUN] Gambling What If - page 2. | Bitcointalksearch.org

Slow death

legendary

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Quote from: Wapfika on September 28, 2024, 07:56:19 AM

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

I would rather continue managing a casino, because it is impossible for there to be no competition, so I would just have to be content with the profit I would be making and adapt my lifestyle to my profit. I would not create a casino token because I would be causing people who were going to invest to have high expectations and lose money. There is a big difference between a person taking their money and going to play at a casino and another person who takes their money and invests in a currency. The person who puts money in the casino already knows that they will lose. Gambling should always be seen as just fun. But the person who buys a token has high expectations of profit. And when the casino owners create the token, they do not even intend to list it on large exchanges, they do not have a long-term plan to make the token rise in price. Honestly, I would not create a casino token, even if my casino made very low profits.

MAAManda

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Quote from: Wapfika on September 28, 2024, 07:56:19 AM

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

Since it only generates normal profit, I personally will create a token on the platform that can generate me other profits. I'll also not hand over the portion entirely to the token holders, it will be 40/60, 40 for the early shareholders, and the remaining 60 for the token holders.

Q: Why more share allocation to token holders?
A: To support DAO within the platform, I'm sure and believe that a business will run if it gets suggestions & criticism.

Above is the scheme that I'll do, if my casino business only makes normal profit, if it makes big profit, I'll not go to think about those tokens.

Stepstowealth

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Quote from: Wapfika on September 28, 2024, 07:56:19 AM

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

There is tough competition in almost every business now and it is not advisable to take on any risk that you cannot handle as a business owner because of pressure from others. If you offer good service, your casino will still have customers who will not care about you offering a token. Your competitive edge in the market can be good service if you focus on it to make your delivery optimum and very consistent. With consistent service delivery, the casino will flourish.

_act_

legendary

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Quote from: Solosanz on September 28, 2024, 09:33:55 AM

If I were a casino owner, I will launch the native token because my goal is awareness, I want to make other people aware with my casino. Stuck in comfortable zone isn't good for business because sooner or later your business will be overtake by other casinos. You always need to have new improvement and upgrade.

How will the native token help the gambling site? You can see some gambling sites on this forum that have native token but the ones that do not have native token are still more popular. Or is Stake and Sportsbet have native token? I have not seen both site have native token. Also I have not seen upcoming ones that are also good sites like Metawin have native token. I noticed that Metawin advertised their site very well. I have seen their ads more than on this forum. I do not think token sales is necessary at all. The gambling sites that have native token, I do not think it is the native token that helped them get known.

DubemIfedigbo001

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Let love lead

Quote from: Wapfika on September 28, 2024, 07:56:19 AM

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

If I need extra funds on an emergency note or I need funds to diversify into another line of business, or maybe am looking to expand the business and have limited funds?.

If any of the above is the case, then I would sell shares to raise funds for the activity since it the funds are not available and the challenge is timely. If not, I don't see any need to sell shares, I would continue my business the way it is.

Solosanz

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What do you need to know is open for profit sharing through token sales isn't always profitable, if there are not many people buy the token, the casinos are at loss because they've paid the developers to create native token.

If I were a casino owner, I will launch the native token because my goal is awareness, I want to make other people aware with my casino. Stuck in comfortable zone isn't good for business because sooner or later your business will be overtake by other casinos. You always need to have new improvement and upgrade.

coin-investor

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Quote from: Wapfika on September 28, 2024, 07:56:19 AM

The thread purpose is to determine what will be decision making of forum member if ever a scenario on gambling happened hence what if topic. I saw this topic before on other board and it’s really to see the reaction of user on situational question.

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

We all know running a casino is not a stable venture; There are too many hassles in sharing your profit, and people have a say on how to run a business like a casino. is best run by people who knows this business and not everyone with whom you will share your profit will understand the dynamic of running a casino.

Since it makes a profit, I prefer to be patient and be satisfied with the profit and invest more on features and marketing when I earn enough profit, There is a saying that too many cooks spoil the broth; it applies to running a casino, Casinos are more successful if there are few heads running them. If there is profit sharing there are pressures coming from investors.

banana33

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Quote from: aipercoin on September 28, 2024, 09:26:24 AM

Indeed, starting a casino requires significant investment. Even more so, if the concept of creating a proprietary token comes into the picture. It might seem an exciting idea, but it entails additional costs for marketing and investment, not to mention the legal and regulatory aspects involved. It would likely make more sense to focus on running and stabilizing the casino in its initial phase. In the future, should the casino grow significantly, the idea of creating a token could be reconsidered.

Yes, indeed! Launching a casino does require a substantial investment. Adding the creation of a proprietary token to the process only increases the funding needed, as you mentioned. It's not just the direct costs - marketing, investment - but also handling legal and regulatory aspects that add to the challenge. It might be more reasonable to focus initially on operating and stabilizing the casino. Once it has grown and proved its viability, then considering the introduction of a proprietary token could make sense.

aipercoin

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Quote from: Wexnident on September 28, 2024, 09:22:15 AM

Hmm, I can't exactly picture how it'd work out since opening a casino itself in the first place needs a massive amount of investment. Opening one just to go to another big investment seems kind of odd immediately, so I'd probably just keep it running normally instead. Creating your own casino token can be a viable idea but it'd require a LOT more in terms of marketing and investment compared to just regular running of the casino, and since the profit range is in normal-ish range, I'd much rather let it stabilize first before anything else.

Creaating a token can be done in the future if the casino ever grows bigger than it already is.

Indeed, starting a casino requires significant investment. Even more so, if the concept of creating a proprietary token comes into the picture. It might seem an exciting idea, but it entails additional costs for marketing and investment, not to mention the legal and regulatory aspects involved. It would likely make more sense to focus on running and stabilizing the casino in its initial phase. In the future, should the casino grow significantly, the idea of creating a token could be reconsidered.

Wapfika

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Quote from: Don Pedro Dinero on September 28, 2024, 08:03:38 AM

The answer depends on many things. Do you have enough money apart from the casino, do you have other businesses that work well for you? What are your plans? Now it gives you a ‘normal’ profit as you say, but maybe by putting in more money you can get more profits, and for that you can think about financing yourself via tokens or whatever.

Hypothetically I would be more in favour of doing things on my own and not getting shit from issuing tokens but it would depend a lot.

You should answer the hypothetical question based on your own situation and preferences. For example, your current finances and just add the casino business on your profile.

This hypothetical question is intended to get the answer on every user different approaches based on their current lifestyle. Wink

Wexnident

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Quote from: Wapfika on September 28, 2024, 07:56:19 AM

~

Hmm, I can't exactly picture how it'd work out since opening a casino itself in the first place needs a massive amount of investment. Opening one just to go to another big investment seems kind of odd immediately, so I'd probably just keep it running normally instead. Creating your own casino token can be a viable idea but it'd require a LOT more in terms of marketing and investment compared to just regular running of the casino, and since the profit range is in normal-ish range, I'd much rather let it stabilize first before anything else.

Creaating a token can be done in the future if the casino ever grows bigger than it already is.

BitcoinGirl.Club

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Quote from: Wapfika on September 28, 2024, 07:56:19 AM

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

There are competition in any business, when a business starts it makes it plans. For me the plan will be to continue my business. I will love to see something big and I am the part of it.

Adbitco

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Leading Crypto Sports Betting & Casino Platform

Quote from: Wapfika on September 28, 2024, 07:56:19 AM

The thread purpose is to determine what will be decision making of forum member if ever a scenario on gambling happened hence what if topic. I saw this topic before on other board and it’s really to see the reaction of user on situational question.

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

PS: I will lock the thread on 2 to 3 pages if there’s no substantial reply already.

This depends on personal thought and interest because there are people who are legitimate to running their casinos and sell their tokens for long or probably used the coins to access the platform. If can I remember correctly most of the casinos here do have their tokens and currently most of them are being traded in the market and at same time their casino is functional without any bad or interior motive to exit. The thing is if they are really established I don't see any reason for such casino to exit and then shot down.

Pandu Geddon

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Quote from: Wapfika on September 28, 2024, 07:56:19 AM

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

Small and relatively sufficient profits will not be a problem for me. I will not sell tokens to make a quick profit. I have seen how casinos that have tokens do not have many token enthusiasts. or it takes more effort to grow the token market.
I believe focusing on the casino first will be the best choice. The casino will run gradually until it becomes big, although it will not be easy dividing the focus on developing the casino from developing the market for the tokens sold will certainly not be easy.
I think about something like that. but maybe it is different from a concept that has been planned from the start regarding the casino which will have tokens and other developments such as staking and loans on one platform. we see it now.

Miles2006

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Like all this depends on what the casino wants, personally I will go for extra profit which include tokens sales etc. if we should ask questions about casino profit you’ll be surprised most casino no longer earn big or small mostly if they lack a quality marketing skill.
I don’t know much about casino business but with the view outside it’s obvious casino make more profit when there’s more planning except the person is so wealthy to keep up the business going. Anyone can still stand firm with casino plans alone and make more profit still depend on how customers view the casino if it’s a good one.

iv4n

legendary

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Quote from: Wapfika on September 28, 2024, 07:56:19 AM

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

The real question is what is the goal? If you wish to make a better casino you need more money for that... so where will you find that money? Take a loan from the bank, or any other place? With interest of course... or you will make a profit-sharing casino and you will gather funds buy public token sale? Well, I would definitely hire a team to do a math which is the more profitable of the two.

I think I would go for option no. 3... if my casino is already making some money I would try to reinvest profit back into the casino and use it for expanding the casino (more games, more promotions, etc). I guess it will take more time to develop, but sometimes slow is better... casino is working & making a profit, so why hurry and mess it up? Take it easy & slowly grow.

Mahanton

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Quote from: Wapfika on September 28, 2024, 07:56:19 AM

The thread purpose is to determine what will be decision making of forum member if ever a scenario on gambling happened hence what if topic. I saw this topic before on other board and it’s really to see the reaction of user on situational question.

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

PS: I will lock the thread on 2 to 3 pages if there’s no substantial reply already.

If the profit sharing would be done neither on Bitcoin or some stable coins then possible investors might be able to deal up with it but if we do speak about in form of token sales or simply their own token
then that would really be giving out that kind of doubt or lack of confidence, knowing that platform tokens arent really that getting that much recognition or simply doesnt pump out and really be that prone
to dumping on which simply means that investors will really be that on huge disadvantage and this is something that they wont really be that interest.

In regarding about on my choice then i wouldnt really e minding about that profit sharing since we do know that casinos are really that profitable on long term duration or runs on which house do always
win at the end. I would be considering on running it out despite of that tough competition. Just make it sure that your casino would really be that up to date or having those good updates and
continously be trying out to improve it out not only on UI/UX but also into the offerings and bonuses on what you do have. People will really be sticking into those places on which
it do really looks nice or simply they are comfortable on staying on it.

BABY SHOES

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HODL - BTC

Keeping the casino running despite competing with other casinos... I'm not sure the token sale will be profitable even though the casino applies top priority to token holders but only a few people hold it and some players only play without using the casino token.

I will further improve the broader marketing for my own casino... even if the reserve fund is more, I will cooperate with some famous people as ambassadors or cooperate with some well-known brands this can also attract attention, of course it can be an advantage.

Odohu

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Quote from: Wapfika on September 28, 2024, 07:56:19 AM

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

If I own a casino like you described, I will prefer to maintain the casino independent of token reason being that the stress of maintaining the token price is much and not what I will be willing to go through. Besides, the token price is usually seen as a measure of how well the casino is doing so any crash in the price due to market manipulations of a few big holders, might send the wrong signal about the state of the casino. So I will not add token to my casino for the reasons I gave before but that does not mean it is not a great model as I have seen casinos that are doing it excellently.

AbuBhakar

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🇵🇭

If I already get enough profit to recover my expenses on my casino setup then I think I might consider opening investment to the public to advance my profit by sharing my casino shares.

There’s a lot of old casino that becomes less profitable because they can’t compete on the casino market due to weak promotion compared to top brand. Considering the profit range on this given situation makes me assume that this casino will not gonna last long unless there will a huge investment that will come to boost funding.

Topic: [FUN] Gambling What If - page 2. (Read 261 times)