How are Online casino's and sports betting platforms coping? - page 2.

_act_

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Quote from: gantez on November 20, 2022, 03:30:33 PM

Quote from: Hispo on November 20, 2022, 02:46:32 PM

While I don't think the current economic situation is hitting casinos as hard as other kind of businesses. I noticed that not long ago there were a relative lack of signature campaigns here in the forum right after a succession of red days, which led me to believe casinos were cutting some costs by limiting their advertisement campaigns or at least by relocating them.

Relating to signature campaign here I think what determine it more is btc price. If the price is dropping the number of the signature campaign get to reduce or not new campaign will be advertised but not very certain, just what I think. Casino are benefiting more because gamlers increase more. People introduce their friends daily to try luck for money through betting and playing casino games.

That is what I have noticed too, but I not do think that should affect bounties and altcoins signature campaign most because new projects at that time would be significantly reduced. I understand you, it is also true that some campaigns will stop advertising at the time too. I am surprised some people are still saying not long ago that there is lack of signature campaign, I do not see anything like reduction in signature campaign because of the pandemic and recently there are many signature campaigns on this forum. This year, the price of bitcoin falled significantly but there has been signature campaigns on this forum on this forum.

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They usually reduce costs, fewer promotions and lower bonuses for users. For example, two big gambling platforms I usually play have been done this a few months ago. They have decreased monthly bonuses by at least 30%, IIRC. The main issue is both parties suffer from a such decision that should be done to survive in this business mode, IMO.

That is not a way to reduce the cost. Didn't you know that promotions and bonuses do have a wagering requirement and that will lead users to deposit more money just to reach the requirement? Since gambling sometimes resulted in losses, that user is unable to reach the wagering requirement.

Casinos do have advantages on that promotions therefore it's not wise to reduce the cost for that. That's not a wise idea to do to cut expenses.

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Quote from: harizen on December 17, 2022, 06:21:44 PM

Quote from: ?? on ??

They usually reduce costs, fewer promotions and lower bonuses for users. For example, two big gambling platforms I usually play have been done this a few months ago. They have decreased monthly bonuses by at least 30%, IIRC. The main issue is both parties suffer from a such decision that should be done to survive in this business mode, IMO.

Can you mention these 2 big gambling platforms?

Do they actually really say that they are decreasing the monthly bonuses because of financial-related problems?

If that is so, isn't it will result in a much worst situation since their users might think that these platforms are not worthy to put trust in anymore as they are close to facing a financial struggle that might lead to closing the platform?

i don't think any casino or business would disclose that they are having financial problems. because for sure, this will create panic or trust issues and may slowly reduce their patrons. they maybe are reducing bonuses or rewards, but they won't say that they are on the verge of bankruptcy. or maybe, they are allotting other promotional activities to other aspect of their business. who knows?

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Quote from: ?? on ??

They usually reduce costs, fewer promotions and lower bonuses for users. For example, two big gambling platforms I usually play have been done this a few months ago. They have decreased monthly bonuses by at least 30%, IIRC. The main issue is both parties suffer from a such decision that should be done to survive in this business mode, IMO.

Can you mention these 2 big gambling platforms?

Do they actually really say that they are decreasing the monthly bonuses because of financial-related problems?

If that is so, isn't it will result in a much worst situation since their users might think that these platforms are not worthy to put trust in anymore as they are close to facing a financial struggle that might lead to closing the platform?

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Quote from: Peanutswar on December 01, 2022, 09:40:54 AM

As long as there's someone would like to support the crypto gambling casino or the casino itself they can sustain their current living. All businesses must need to adapt to the environment, else they don't get in the ride, and the peoples choose if you are out of the trend possibly the users not get entertained this is the main goal of the casino to give satisfaction, I guess in this current crisis they didn't get affected too much instead make another way with the online gambling.

Adaptation and be versatile is what a certain business should really do if they do want to last up on this industry.Yes, its hard but its not something that impossible.We know that hardships and challenges
are really always a part of business where you do need to make out adjustments if needed.Lots of things had been closed up their doors on the time on pandemic time plus other economical related
problems which would cause for these businesses to close their doors or totally shut off.As for gambling industry then i dont see for it to be badly affected, yes there are some had
already closed down but most of them did sustain.Why? As long there would be those players or gamblers whom do continue to play then they would really continue to exist.

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It’s enough to know more about the casino and sports betting in the forum itself. Crypto casino was became a part of our life, many people engaged in the crypto casino as a full time job for now. But few people doing this as the short term and for the entertainment. This type of crypto casino should be encouraged as compared to the offline gambling. Because the most possibility to win the game is online casino as compared to the offline gambling. Most of the people still had their good opinion in offline gambling, but the shock one is many of their country will not allow to do of offline gambling.

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As long as there's someone would like to support the crypto gambling casino or the casino itself they can sustain their current living. All businesses must need to adapt to the environment, else they don't get in the ride, and the peoples choose if you are out of the trend possibly the users not get entertained this is the main goal of the casino to give satisfaction, I guess in this current crisis they didn't get affected too much instead make another way with the online gambling.

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Quote from: Fatunad on November 19, 2022, 08:23:02 AM

Quote from: darkangel11 on November 19, 2022, 06:21:14 AM

Quote from: Maestro75 on November 18, 2022, 11:20:15 PM

Quote from: Rruchi man on November 04, 2022, 02:53:00 PM

How do you think online casinos and sports betting platforms are adjusting to manage the situation?

People take to gambling when the economy becomes tough like we have everywhere in the country now. They think gambling creates more and easy chances of making money and they go patronising them. There are new casinos and gambling sites springing up everyday and I guess this present hardship helps their businesses.

I feel the same way, like they're unaffected or even doing better in this economy.
We have rising prices of goods and services, high inflation, dropping stocks. The average guy who has his habits like smoking, drinking, gambling, is still going to do it. The situation isn't that bad when it comes to your needs and addictions. You won't have enough money to take a loan, buy a new car or travel but you will still have that $50 to bet on your soccer team.

This is actually true and same goes into those lottery bettors as well on which even if we are on that hard situation in terms or talks of day to day living which you do still have the money on allocation on buying a ticket.
Same goes for those gamblers who do really be able to find a way for them to have the money for them to gamble. This industry is something becomes bigger as years passing by, although we had seen
that experience about the pandemic situation where it did really make up some toll in terms of revenue specially on physical casinos but totally opposite into those online ones.
They are indeed coping because if they dont then lots of business on this industry had already closed up their doors.

Well everything in this life can also be treated as a need that is equivalent to having a little luck to solve certain things, and that are obviously one of the best things that are sought in life, obviously some people put all their faith in sports betting, in lotteries and in many things that can cause them a great way to live in an easy way, others only play because they like to play lotteries or sports bettors see it as a hobby, but really in the world those who play the most lotteries is for your life to change, and this is known by the lottery platforms in the world, it is something that is necessary for them.

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Quote from: sunsilk on November 28, 2022, 04:17:22 AM

Quote from: ethereumhunter on November 27, 2022, 11:27:43 PM

Online casinos have found a good place for gamblers and even offline gamblers because they are confused about finding a casino they can still use as a place to play gambling. And fortunately, with good promotions on the internet, gamblers can easily find the casino, and even many of those who don't know about crypto can immediately learn to use it to play gambling at crypto casinos. And after everything slowly returned to normal, these gamblers continued to play at the same casino or looked for other online casinos because they found comfort in playing gambling at online casinos.

It is a successful combination of many things that made online casinos peaked during the start of the pandemic and it's already attached to it even things have became almost back to normal.

The convenience that it has brought for many gamblers is what holds them back at it time and time again.

And that's what makes online casinos able to get more members because it turns out that many people who often play offline gambling are interested in online gambling games. And after the pandemic started to be overcome, offline casinos also opened their business again, which didn't make offline gamblers return to offline casinos because they can find fun playing gambling at online casinos. They may keep returning to offline casinos but also play online gambling.

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Quote from: Vaskiy on November 27, 2022, 05:29:05 PM

During the pandemic it was a big blow for different businesses all around. During that time period gambling industry too experienced the worst. Taking it an opportunity online casinos came into existence in large numbers. This once again made them into good profit as people who are shut into their home started using the platform for entertainment and money making.

The users that enrolled during the pandemic continues to use the platform. They have got specific edge on every bet and the same keeps them good at all market scenario.

Almost all from different industry have experienced the worst in their businesses except those pandemic proof businesses. We're not sure how many of them continued to gamble and use it still as a platform to survive. I know that many of them but those that has just started during the pandemic, we don't know the exact numbers.

Quote from: ethereumhunter on November 27, 2022, 11:27:43 PM

Online casinos have found a good place for gamblers and even offline gamblers because they are confused about finding a casino they can still use as a place to play gambling. And fortunately, with good promotions on the internet, gamblers can easily find the casino, and even many of those who don't know about crypto can immediately learn to use it to play gambling at crypto casinos. And after everything slowly returned to normal, these gamblers continued to play at the same casino or looked for other online casinos because they found comfort in playing gambling at online casinos.

It is a successful combination of many things that made online casinos peaked during the start of the pandemic and it's already attached to it even things have became almost back to normal.

The convenience that it has brought for many gamblers is what holds them back at it time and time again.

Quote from: _act_ on November 28, 2022, 01:54:18 AM

Online casinos were the option many people went for during pandemic as there was lockdown for the virus not to continue spreading. There are people that were not gambling that time but because of idleness, they gamble online, this makes online casinos to continue to operate at the time. But sport gambling sites that do not have casino would be affected as many leagues were suspended for sometimes.

In my area, no pandemic again, you can enter bank without nose mask and other places nose mask were compulsorily worn, no need for it again. You can go to casino or offline betting agents to gamble even without nose mask now. The pandemic is gone here and in many places too.

Yeah, those that took the leap of faith because it's all lockdown and there's no way for them to go outside. They just did what they think will make them fun and that has resulted into looking into online gambling, crypto and not.

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Quote from: _act_ on November 28, 2022, 01:54:18 AM

Quote from: sunsilk on November 27, 2022, 03:53:34 PM

That's the advantage that the online casinos took during the pandemic. As everything has shut down due to the pandemic and many are looking for entertainment.

They've decided to get on with the different online casinos for which has resulted to more users on their end. But as things come back lately, I think that things are normal again for them.

Online casinos were the option many people went for during pandemic as there was lockdown for the virus not to continue spreading. There are people that were not gambling that time but because of idleness, they gamble online, this makes online casinos to continue to operate at the time. But sport gambling sites that do not have casino would be affected as many leagues were suspended for sometimes.

In my area, no pandemic again, you can enter bank without nose mask and other places nose mask were compulsorily worn, no need for it again. You can go to casino or offline betting agents to gamble even without nose mask now. The pandemic is gone here and in many places too.

Online casinos indeed became popular during the peak of pandemic because there are many protocols involved that are strictly imposed for safety reasons. The peak of the pandemic brought the gambling world into the comforts of the players home. Some casinos even started during the pandemic. It became an opportunity for some to make a profit and it became an outlet for some to release all of their frustrations and stress from the crisis back then. It wasn't easy surviving the pandemic for sure especially to those casinos that are establishment-based. Since operations are halted for physical casinos, they had to step up their game to be able to stay in the gambling industry.

But right now, I can say that they are doing good so far, especially those casinos with physical locations such as in resorts and the likes. This is because the pandemic is gradually being solved by achieving the herd community with the help of vaccines. Of course, some places still impose strict health protocols, most of them are those indoors. But other than that, most areas are now transitioning into new normal given that we are already recovering from the pandemic crisis.

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Quote from: sunsilk on November 27, 2022, 03:53:34 PM

That's the advantage that the online casinos took during the pandemic. As everything has shut down due to the pandemic and many are looking for entertainment.

They've decided to get on with the different online casinos for which has resulted to more users on their end. But as things come back lately, I think that things are normal again for them.

Online casinos were the option many people went for during pandemic as there was lockdown for the virus not to continue spreading. There are people that were not gambling that time but because of idleness, they gamble online, this makes online casinos to continue to operate at the time. But sport gambling sites that do not have casino would be affected as many leagues were suspended for sometimes.

In my area, no pandemic again, you can enter bank without nose mask and other places nose mask were compulsorily worn, no need for it again. You can go to casino or offline betting agents to gamble even without nose mask now. The pandemic is gone here and in many places too.

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Quote from: abel1337 on November 27, 2022, 05:27:21 AM

Quote from: ethereumhunter on November 27, 2022, 04:14:52 AM

Quote from: TimeTeller on November 26, 2022, 04:50:49 PM

Quote from: 348Judah on November 23, 2022, 10:11:04 AM

Everyone needs to cope else they will cease from operations since there have been economical challenges all over everywhere and this is not really a location base this time, gambling sectors is as well finding it difficult to cope but still yet they maintain their active versality in presenting the gambler's choice with gambling at all cost, if they should close down it will be an additional accumulation of pressure upon them because some of them were already finding a means to clear their debts and settle all loans incure during the covid pandemic closedown, it time they need to thrive and strive hard to escape the challenges since everything is back to full operations after the experience of covid closedown, they must continue to operate in other to liberate, if they don't want to remain in debts settlement.

The good thing about online casinos is they got more clients during the pandemic period.
Unlike physical casinos, they did have hard time in the past couple of years, but right now, they are in the recovery period.
So in case of online casinos and bookies, they are doing well with the business as a lot of gamblers find their way to bet online.
Just look at the number of casinos and bookies that were launched during the pandemic period and the gambling boards in the forum.
You will notice that most active sig campaigns are from casinos/sportsbooks and they are running long time, which means, they can sustain its promotion.

During this pandemic, it provides an advantage for online casinos because they get additional users from people who are used to playing in offline casinos. Reputable online casinos know this and keep running promotions that attract more and more people. In this forum, there have also been many online casinos that have been launched and have received many users, even from abroad, so online casinos have developed better. And there will be many more casinos launched on this forum and it will be the choice of each gambler to play gambling.

Actually, The pandemic is the great time for casino to go all in in their marketing and new casino that time utilized the pandemic to their advantage to launch their businesses. One casino I know that utilized the pandemic is duelbits, They are a casino that has reputation now and has a loyal gamblers. Launching a casino now is not as much easier and effective compared during the pandemic. Businesses should utilized the demand since we know that the demand decreases over the time and the opportunity can possibility once in a lifetime.

So behind yesterday's pandemic, several casinos could use it to make a profit so that now, the casinos can be even bigger and get lots of users who often play on their sites. Launching a casino is difficult because it requires careful preparation and you have to know what to do after the casino is launched. And if the owner or team already knows, they will go according to plan to achieve the targets they want.

Quote from: sunsilk on November 27, 2022, 03:53:34 PM

Quote from: ethereumhunter on November 27, 2022, 04:14:52 AM

During this pandemic, it provides an advantage for online casinos because they get additional users from people who are used to playing in offline casinos. Reputable online casinos know this and keep running promotions that attract more and more people. In this forum, there have also been many online casinos that have been launched and have received many users, even from abroad, so online casinos have developed better. And there will be many more casinos launched on this forum and it will be the choice of each gambler to play gambling.

That's the advantage that the online casinos took during the pandemic. As everything has shut down due to the pandemic and many are looking for entertainment.

They've decided to get on with the different online casinos for which has resulted to more users on their end. But as things come back lately, I think that things are normal again for them.

Online casinos have found a good place for gamblers and even offline gamblers because they are confused about finding a casino they can still use as a place to play gambling. And fortunately, with good promotions on the internet, gamblers can easily find the casino, and even many of those who don't know about crypto can immediately learn to use it to play gambling at crypto casinos. And after everything slowly returned to normal, these gamblers continued to play at the same casino or looked for other online casinos because they found comfort in playing gambling at online casinos.

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Quote from: sunsilk on November 27, 2022, 03:53:34 PM

Quote from: ethereumhunter on November 27, 2022, 04:14:52 AM

During this pandemic, it provides an advantage for online casinos because they get additional users from people who are used to playing in offline casinos. Reputable online casinos know this and keep running promotions that attract more and more people. In this forum, there have also been many online casinos that have been launched and have received many users, even from abroad, so online casinos have developed better. And there will be many more casinos launched on this forum and it will be the choice of each gambler to play gambling.

That's the advantage that the online casinos took during the pandemic. As everything has shut down due to the pandemic and many are looking for entertainment.

They've decided to get on with the different online casinos for which has resulted to more users on their end. But as things come back lately, I think that things are normal again for them.

During the pandemic it was a big blow for different businesses all around. During that time period gambling industry too experienced the worst. Taking it an opportunity online casinos came into existence in large numbers. This once again made them into good profit as people who are shut into their home started using the platform for entertainment and money making.

The users that enrolled during the pandemic continues to use the platform. They have got specific edge on every bet and the same keeps them good at all market scenario.

sunsilk

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Quote from: Hamphser on November 27, 2022, 03:58:15 PM

Quote from: sunsilk on November 27, 2022, 03:53:34 PM

That's the advantage that the online casinos took during the pandemic. As everything has shut down due to the pandemic and many are looking for entertainment.

They've decided to get on with the different online casinos for which has resulted to more users on their end. But as things come back lately, I think that things are normal again for them.

Online casinos are the ones who did really make out some significant revenue as for online or physical places had temporarily closed their doors due into that pandemic situation where health protocol was the most

important.It did really take a sure hit into those gambling owners into those casinos.Now that we are already going back to normal then it is really just casual that they would really be going back to operation once again.
For sure they would really be coping up on what they had lost on that particular time..

It is really just that hard times could really happen and as a business then it would really be just understandable that they are really doing those casual stuff or operation.
This industry is big and profitable on which it cant really be denied that it would be taking less time and getting on what they had lost and as long
there are players or gamblers around then it wont really be that much a hard thing.

Although there are still some things to avoid as the virus is still with us. Some local casinos a few months ago still has to close due to the contraction and they have to be careful with it.

They're still on the process of recovering and they haven't fully recovered yet. But I think that many from those local casino players have started to like how it's like to gamble online easy.

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Quote from: sunsilk on November 27, 2022, 03:53:34 PM

Quote from: ethereumhunter on November 27, 2022, 04:14:52 AM

During this pandemic, it provides an advantage for online casinos because they get additional users from people who are used to playing in offline casinos. Reputable online casinos know this and keep running promotions that attract more and more people. In this forum, there have also been many online casinos that have been launched and have received many users, even from abroad, so online casinos have developed better. And there will be many more casinos launched on this forum and it will be the choice of each gambler to play gambling.

That's the advantage that the online casinos took during the pandemic. As everything has shut down due to the pandemic and many are looking for entertainment.

They've decided to get on with the different online casinos for which has resulted to more users on their end. But as things come back lately, I think that things are normal again for them.

Online casinos are the ones who did really make out some significant revenue as for online or physical places had temporarily closed their doors due into that pandemic situation where health protocol was the most

important.It did really take a sure hit into those gambling owners into those casinos.Now that we are already going back to normal then it is really just casual that they would really be going back to operation once again.
For sure they would really be coping up on what they had lost on that particular time..

It is really just that hard times could really happen and as a business then it would really be just understandable that they are really doing those casual stuff or operation.
This industry is big and profitable on which it cant really be denied that it would be taking less time and getting on what they had lost and as long
there are players or gamblers around then it wont really be that much a hard thing.

sunsilk

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Quote from: ethereumhunter on November 27, 2022, 04:14:52 AM

During this pandemic, it provides an advantage for online casinos because they get additional users from people who are used to playing in offline casinos. Reputable online casinos know this and keep running promotions that attract more and more people. In this forum, there have also been many online casinos that have been launched and have received many users, even from abroad, so online casinos have developed better. And there will be many more casinos launched on this forum and it will be the choice of each gambler to play gambling.

That's the advantage that the online casinos took during the pandemic. As everything has shut down due to the pandemic and many are looking for entertainment.

They've decided to get on with the different online casinos for which has resulted to more users on their end. But as things come back lately, I think that things are normal again for them.

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Quote from: Rruchi man on November 04, 2022, 02:53:00 PM

Online casinos and sports betting platforms are big businesses like we all know, and currently considering the economic situation of things around the world many businesses are affected and have been taking measures to cut costs in terms of reducing staff, taking loans etc to still be able to sustain operations. How do you think online casinos and sports betting platforms are adjusting to manage the situation?

You'll likely find that gambling companies will perform well in periods of instability and depression compared to other sectors. In some sense the demand for entertainment in the form of betting is rather inelastic, like smokers who will continue to buy cigarettes even with large increases in the price of a packet, it's almost irrelevant to people who make heavy use of it. The only people who might not be playing any more, are those that have decided to cash out from crypto entirely because they've seen a large drop and got scared it will go lower. However most gambling companies these days have such a wide range of payment solutions accepted, it is unlikely to have a lasting impact at all.

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Quote from: Rruchi man on November 04, 2022, 02:53:00 PM

Online casinos and sports betting platforms are big businesses like we all know, and currently considering the economic situation of things around the world many businesses are affected and have been taking measures to cut costs in terms of reducing staff, taking loans etc to still be able to sustain operations. How do you think online casinos and sports betting platforms are adjusting to manage the situation?

If closing a business and then reopening it (when the situation improves) is much more expensive than keeping it afloat during the crisis, then I think most projects will take measures to save money and even operate at a small loss but will not close. Those who survive the crisis will subsequently receive more market share and more profits. No one knows the duration of the crisis and its depth, so such planning has risks and, in a sense, is gambling. So we see a rare case where casinos gamble, hahaha.

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Quote from: ethereumhunter on November 27, 2022, 04:14:52 AM

Quote from: TimeTeller on November 26, 2022, 04:50:49 PM

Quote from: 348Judah on November 23, 2022, 10:11:04 AM

Everyone needs to cope else they will cease from operations since there have been economical challenges all over everywhere and this is not really a location base this time, gambling sectors is as well finding it difficult to cope but still yet they maintain their active versality in presenting the gambler's choice with gambling at all cost, if they should close down it will be an additional accumulation of pressure upon them because some of them were already finding a means to clear their debts and settle all loans incure during the covid pandemic closedown, it time they need to thrive and strive hard to escape the challenges since everything is back to full operations after the experience of covid closedown, they must continue to operate in other to liberate, if they don't want to remain in debts settlement.

The good thing about online casinos is they got more clients during the pandemic period.
Unlike physical casinos, they did have hard time in the past couple of years, but right now, they are in the recovery period.
So in case of online casinos and bookies, they are doing well with the business as a lot of gamblers find their way to bet online.
Just look at the number of casinos and bookies that were launched during the pandemic period and the gambling boards in the forum.
You will notice that most active sig campaigns are from casinos/sportsbooks and they are running long time, which means, they can sustain its promotion.

During this pandemic, it provides an advantage for online casinos because they get additional users from people who are used to playing in offline casinos. Reputable online casinos know this and keep running promotions that attract more and more people. In this forum, there have also been many online casinos that have been launched and have received many users, even from abroad, so online casinos have developed better. And there will be many more casinos launched on this forum and it will be the choice of each gambler to play gambling.

Actually, The pandemic is the great time for casino to go all in in their marketing and new casino that time utilized the pandemic to their advantage to launch their businesses. One casino I know that utilized the pandemic is duelbits, They are a casino that has reputation now and has a loyal gamblers. Launching a casino now is not as much easier and effective compared during the pandemic. Businesses should utilized the demand since we know that the demand decreases over the time and the opportunity can possibility once in a lifetime.

Topic: How are Online casino's and sports betting platforms coping? - page 2. (Read 1292 times)