Pages:
Author

Topic: How are Online casino's and sports betting platforms coping? - page 3. (Read 1227 times)

hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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.
hero member
Activity: 2352
Merit: 594
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?

Online casinos seem just fine even during the worst days of the whole world because of the Covid-19 pandemic.

In fact, lots of news and reports referring to the growing big numbers of people that do online gambling during that time are everywhere, especially in European countries. It seems that online casinos really don't feel being under the worst crisis during the pandemic.

Physical casinos are those that really got hit badly because of those obvious reasons. But soon they will go back to normal, that's for sure.
During the pandemic good number of cryptocurrency accepted gambling sites came into usage. The number keeps increasing even after the pandemic. During the lockdown out of covid-19, people are within their homes. More traditional Casinos too shifted their services online. In all time period the usage of gambling platforms never decrease, as people like you and me looking free money amidst the risk have turned to be common.

I'm not sure that traditional casinos have shifted their service online during the pandemic. Can you give examples?


I heard a few in our country, but it is not like they set up cameras around their physical casino and they start live videos. Instead, casino owners lunch a website containing games in their physical casinos so those gamblers can still play at home. As we can see that our economy is already up and running right now casinos are back and running now with also special measures, but I am sure that it is not the same as before that there are a lot of gamblers that will visit casinos as some prefer to play online.
newbie
Activity: 3
Merit: 0
I want to play at the fairspin casino, I've heard they are launching a one million dollar tournament. Does anyone know anything about this?
I've been playing there for a while and I've gotten a $50 deposit bonus a couple of times already.
I see. And to get the bonus, do I need to do something extra or just play?
well, I didn't do anything special. I just received an, so it's a good bonus for doing basically nothing Wink
Ok I got it, thanks!
newbie
Activity: 3
Merit: 0
I want to play at the fairspin casino, I've heard they are launching a one million dollar tournament. Does anyone know anything about this?
I've been playing there for a while and I've gotten a $50 deposit bonus a couple of times already.
I see. And to get the bonus, do I need to do something extra or just play?
well, I didn't do anything special. I just received an, so it's a good bonus for doing basically nothing Wink
hero member
Activity: 2730
Merit: 588
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.
newbie
Activity: 3
Merit: 0
I want to play at the fairspin casino, I've heard they are launching a one million dollar tournament. Does anyone know anything about this?
I've been playing there for a while and I've gotten a $50 deposit bonus a couple of times already.
I see. And to get the bonus, do I need to do something extra or just play?
newbie
Activity: 3
Merit: 0
I want to play at the fairspin casino, I've heard they are launching a one million dollar tournament. Does anyone know anything about this?
I've been playing there for a while and I've gotten a $50 deposit bonus a couple of times already.
newbie
Activity: 5
Merit: 0
I want to play at the fairspin casino, I've heard they are launching a one million dollar tournament. Does anyone know anything about this?
I had experience with them. It seems like an honest casino.
newbie
Activity: 3
Merit: 0
 I want to play at the fairspin casino, I've heard they are launching a one million dollar tournament. Does anyone know anything about this?
hero member
Activity: 714
Merit: 521
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.
legendary
Activity: 2128
Merit: 1775
How do you think online casinos and sports betting platforms are adjusting to manage the situation?
In my understanding, the online casino business industry is different from other businesses in general, I mean buying/selling business or secondary and primary needs business.

Organizing or managing an online gambling business has no effect on the bad world economy, the gambling business adapts from its visitors, the more visitors and risks its assets and the greater the profits, Online casino sites do not make sales, as other businesses do, if sales are not achieved with certain targets there are cuts and reductions in staff and so on.

As far as I know the gambling business there are two items and categories of online casinos maintaining, growing and collapsing, namely: a lot of visitors they develop and don't have visitors they go bankrupt and die, regardless of whether the world economy is bad or good, example: The Impact of Online Casinos on the World Economy.
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
I think online casinos are doing great. Of course financial situation has reduced their income, however they still grab a lot of money from gamblers. There were always gambler, there will always be gamblers. Infinite business I must say. While gambling, people seek to many goals. For example my post soviet country is filled with hundred if not thousands of small slots game rooms (they have proud name of a "Casino" lol). No matter how bad is situation in country, no matter what time is, they are always open. I am 100% sure that neighbour countries are also having such thousands slots game rooms. As to online casino. You just need a page, script, admin, some tech guys, and few more people like security manager. You dont have same expenses as offline casino. It is easier for them to survive, yet hard to survive competition.
Actually, I think they are gaining more than physical casinos.
It's just divided because there are many online casinos and sports bookies that opened up. But sum it all up, the money coming in will be much higher than the total of how much the old-school casinos are making. I don't have the numbers but that may be possible in today's era.

You are right, the expense of opening an online casino is not much for capital. They don't need a big space to rent, just need enough room to put in encoders, customer support, computer specialists, and marketing unlike physical casinos which also buy the devices for slots, tables for poker, blackjack, and it's maintenance.
legendary
Activity: 2324
Merit: 1448
I think online casinos are doing great. Of course financial situation has reduced their income, however they still grab a lot of money from gamblers. There were always gambler, there will always be gamblers. Infinite business I must say. While gambling, people seek to many goals. For example my post soviet country is filled with hundred if not thousands of small slots game rooms (they have proud name of a "Casino" lol). No matter how bad is situation in country, no matter what time is, they are always open. I am 100% sure that neighbour countries are also having such thousands slots game rooms. As to online casino. You just need a page, script, admin, some tech guys, and few more people like security manager. You dont have same expenses as offline casino. It is easier for them to survive, yet hard to survive competition.
hero member
Activity: 1078
Merit: 570
Leading Crypto Sports Betting & Casino Platform.
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?

It all depends on the financial strength of the casino as everyone is actually feeling the heat of the global economic recession right now.
Most of this casinos especially tye online casinos should be thriving more now because it is seen by most people as the hope of tye common man and an easy way outnof hunger, well as a way to also make ends meet.
In some underdeveloped countries like mine which have been greatly affected by this recession, with a greater number of workers been relieved of their jobs, tend to Mae this people fall back to gambling as a way to survive and make ends meet
And you should know that if their are greater number if people diving into gambling, then the casinos should be doing well or we could have been hearing if casinos folding out of business which isn't the case.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
House do always win in the end, we do know entirely on whats the set-up or ending of all gamblers which is to lose money in the long run.

House was designed to give advantages to casinos.

That's why for gamblers to make at least a good winning play at casinos, they should try to take a break after a big win because in the long casinos will just eat their entire balanced. That's why it is called gambling.

That's the reason why casinos are making good profits even if the world is suffering from financial problems because of the pandemic or when the crypto-market is on a bear trend.
legendary
Activity: 2436
Merit: 1008
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?

Online casinos seem just fine even during the worst days of the whole world because of the Covid-19 pandemic.

In fact, lots of news and reports referring to the growing big numbers of people that do online gambling during that time are everywhere, especially in European countries. It seems that online casinos really don't feel being under the worst crisis during the pandemic.

Physical casinos are those that really got hit badly because of those obvious reasons. But soon they will go back to normal, that's for sure.
During the pandemic good number of cryptocurrency accepted gambling sites came into usage. The number keeps increasing even after the pandemic. During the lockdown out of covid-19, people are within their homes. More traditional Casinos too shifted their services online. In all time period the usage of gambling platforms never decrease, as people like you and me looking free money amidst the risk have turned to be common.

I'm not sure that traditional casinos have shifted their service online during the pandemic. Can you give examples?

What I'm sure is, they just decided to close temporarily because there's no choice but still remain as a physical casino when they are back in service.

Either way, now that pandemic is almost controllable and now a part of daily life, physical casinos will now be back being active status again.
hero member
Activity: 2548
Merit: 533
"CoinPoker.com"

but it's all because it is profitable makes many people to think about starting one and they will also embrace the challenges that comes in through, because every business has it own means of same encounters but funding is one of the key means to keep it rolling.

Generally casinos make more money from the customer and not losing more. They profit more than the lose this is what I'm saying.. If casino is complaining of lose maybe it is the winning for that time that is very high and that type of winning is not always coming all the time. Casino have more profit from gamblers than losing to them. It is the money for staking that is used to pay winners and not fresh money from owner, this is why people invest in casino.
House do always win in the end, we do know entirely on whats the set-up or ending of all gamblers which is to lose money in the long run.Only a few could
make out some money but the rest are really that losing that much.This is what makes gambling business really profitable because of that never ending search for big hits or wins
from those people who do play and seeking for that thing.We've seen that gambling industry had able to sustain despite of the pandemic situation.
Some saying that there are ones who had closed their doors but eventually did came back when everything is going back to normal now.
full member
Activity: 1736
Merit: 121

but it's all because it is profitable makes many people to think about starting one and they will also embrace the challenges that comes in through, because every business has it own means of same encounters but funding is one of the key means to keep it rolling.

Generally casinos make more money from the customer and not losing more. They profit more than the lose this is what I'm saying.. If casino is complaining of lose maybe it is the winning for that time that is very high and that type of winning is not always coming all the time. Casino have more profit from gamblers than losing to them. It is the money for staking that is used to pay winners and not fresh money from owner, this is why people invest in casino.
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
-snip-
...The only thing that can make casinos suffer is government policy.

Government policies and own policies, I would add.
But we should not forget that government policies itself are bonded to the economy and the economical model of the country. In the end, casinos are businesses and if a country is going through a crisis and the party in power is in favor of non-liberal policies then casinos could see more taxing by the state, that is an example of the connection between the economic climate and the health of the gambling industry. It is situational, but it is possible; I have seen people and politicians (in USA) calling for an increase of taxes to businesses and wealthy individuals, casinos enter that category I think.

I agree that even in harsh times people continue to gamble, that is something I have witnessed myself here in my country as I have told in other threads.
hero member
Activity: 714
Merit: 521
We cannot expect everything to always be rossy for them as there are hit times as well for every venture in life, this is the period whereby we consider them to have drop in foow of income due to many reasons that might have been behind such occurrence, they also have the peak period whereby they make recovery to evey of the downturns they have encountered in the past, it has always been that during trying times some of them cease to operate because of the extent of the looses which is beyond what they can bear while some maintain their standards and take loans to sustain their existance, but it's all because it is profitable makes many people to think about starting one and they will also embrace the challenges that comes in through, because every business has it own means of same encounters but funding is one of the key means to keep it rolling.
Pages:
Jump to: