Topic: How are Online casino's and sports betting platforms coping? - page 9. (Read 1227 times)

The obvious pivot would be to cater more to high income bracket clientale. Demographics with high income margins where disposable income will not be significantly affected by rising food or fuel costs.

A second more desperate move would be to shutter physical brick and mortar locations to cut lease costs and focus more on internet business.

Lake Mead drying up in Vegas could force casinos there to seek to establish a new US city or state as the de facto gambling headquarters in the country.

But if we're being honest profit margins for many casinos are so large that they will not necessarily need to adjust or change their business to maintain profitability as the global gambling industry is expected to grow, or at a bare minimum, sustain itself.

I doubt though that casino's might answer the question straight forward.


But I do agree that casino's specially their sport betting side are not that affected by the global crisis. There are still games being played around the world that is being covered by casino, so it is still running for him. As for the number of people, yes possible that they are a only a few of them but in rotation and probably working at their home to do support task, so very low cost maintenance for the casino themselves.

Online casinos is one business that is no much affected by the current economic crisis. Even during the pandemic when all other businesses were closed, the online gambling platform still continued its operations without much difficulty. Though the number of players and gamblers may reduce but the situation was very much better as compared to other businesses which were closed.



Being online means that you do not have to buy the building or pay the rent. You are saved with maintenance costs and no matter what is the on the ground situation, your business will never suffer. Secondly, even if people have little money, they will try to spend it on gambling and betting, as for most people gambling has become a need.

I think you should first of all ask the casinos if the current economic situation affects them, if Yes, then you can ask them how they are coping with it.
But to comment my opinion, i personally do not think casinos and betting platforms are affected much by the global economic crises, most especially the big ones, and also consider the fact that running online casinos and betting platforms does not require much man force like it is with land based casinos, it is very possible for two or three persons to run an online casino successfully, most especially if they are all programmers, even a single person can run an online casino that is not so big, so personally, economic crises wont affect casino much because no matter how bad the economy is, gamblers will still gamble, casinos will still make money, and we cannot know how many employees working in the casino except the casino itself tells us.

Does casino really have high maintenance as compare to land base? So not sure if they are reducing their employment at a fast rate. So probably what they have is a support team that works 24x7, maybe a fraud department and the the security and IT experts, infrastructure guy to maintained the health of the system and probably do some maintenance jobs. And even if they will replace them, it's very easy to find someone, the way I see it.

And here I thought online casinos are doing pretty good for themselves. I don't think there's that much to do for casinos to "cope" with whatever's happening outside. They can provide some bonues to entice peers and possible players on their platforms but that's just about it. They're doing great in terms of raking in profits and getting all the attention that they needed in order to attract new customers. Perhaps they'd only fall off if they fall short on what they previously promised to offer their players and if the service no longer feels like they want the money of their players.

A lot of countries still have strong employment statistics iirc.

Gambling sites probably do like most gaming or online sites and have measures that manage resources depending on load. If you've only got 4 people playing live blackjack, you don't need more than a 3 or 5 dealers on standby ready to go live if they're needed.

A lot of companies using games like slots don't need to run as many servers and can send some into standby mode at low load times (most machines from hibernation can take a few seconds to come live again). For the owner of the company it's up to them whether they need to extend cash reserves by expanding their company, audience or taking some other job to ensure they can remain afloat. I think creditors of previously profitible businesses are easy to find if you can prove you were once profitible and it's only the economic downturn that's made your business no longer financially stable/sustainable.

I don't think sports betting costs much to keep going either as many sites can outsource for statistics (such as paying for data from a company covering it live). The only main issue I'd see with sports betting is if few enough people bet that it becomes something that creates too much loss but they can normally adjust their odds or the way they're calculated to counteract this.

Business wise, I think everyone is doing good, at least those who are established already. Specially during the pandemic, everyone is just at home in the last couple of years so they are raking big money I assumed. Unlike the traditional and land base casinos who are force to go offline for months even years because of covid-19. So there could be growth in online as players around the world continue to gamble using fiat and crypto based platforms. And you can also observed that there are casinos that pop up during 2020 that still manages to stay in the game.

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?