How do casino owners benefit from creating multiple casinos?

virasog

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Quote from: 8rch7 on January 01, 2024, 12:14:47 AM

Currently there are several casinos or gambling platforms with one owner and their aim is to make the scope of competitors narrower in order to achieve quite large profits. Its trick or strategies business from casino owner have multiple casino operation and make the gambler when tired with one side casino will move to other casino but still the same owner just change name, game play or other unique feature between one casino and the other casino.
The same strategies between real business and casino benefit by the owner when creating multiples casino, they will earn much profitable exactly two until five casino with the same owner have been popular and every years the user active up drastically. I don't think the owner of casino will be enough earn profitable from their business with one casino site only.

Well, it all starts with owning one casino first, making it a truly reputable casino where gamblers find it convenient and easy to gamble. As their business grows, they will have a lot of money and they can put that extra money to invest in the creation of the 2nd casino and so on.
Of course, the owner will be hiring the staff and mods for each of his casinos as he cannot handle everything himself. There is nothing wrong with this approach.

The bottom line here is that one needs to have the capital to run multiple businesses or more than one casino site. So it is the game of money. The more successful sites you have, the more revenue you will generate, and this cycle continues.

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Quote from: Finestream on December 21, 2023, 09:37:09 PM

I am curious about the reasons behind creating additional casinos when there is already a running and profitable one.

The fragment of words I quoted is a strong reason why casinos are owned by the same person or company. The profits gained from people who feel they can make a fortune from gambling give casino owners more freedom to carry out their business practices. The bookie's profits always double every day, addiction is caused by gambling due to one or two wins, the rest you lose and will continue to lose. Games in gambling establishments are designed to be profitable for the dealer, the accumulation of money obtained from gamblers' losses makes the casino owner able to establish many casinos.

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Quote from: Finestream on December 21, 2023, 09:37:09 PM

How does this practice contribute to their business? It seems illogical as it might increase operating expenses without an obvious benefit.

Gamblers, any thoughts on this?

I think that operating numerous casinos won't hurt their bottom line, in fact, it will benefit them even more by allowing them to share staff, systems, and resources across all of their locations. Plus, I believe the owners may be able to cut expenses and maybe boost efficiency.
When it comes to business, it can be challenging to manage a single casino. In the event of a failure, consumers will inevitably seek for another establishment that captures their interest. It's critical to have excellent customer service and strategy, which is what those casino owners aimed to do. By doing so, they were able to see what other customers enjoyed, which was similar to providing them with the thrill and excitement they desired.

Quote from: 8rch7 on January 01, 2024, 12:14:47 AM

Currently there are several casinos or gambling platforms with one owner and their aim is to make the scope of competitors narrower in order to achieve quite large profits. Its trick or strategies business from casino owner have multiple casino operation and make the gambler when tired with one side casino will move to other casino but still the same owner just change name, game play or other unique feature between one casino and the other casino.
The same strategies between real business and casino benefit by the owner when creating multiples casino, they will earn much profitable exactly two until five casino with the same owner have been popular and every years the user active up drastically. I don't think the owner of casino will be enough earn profitable from their business with one casino site only.

Indeed, owners can access greater numbers of customers and increase revenue by running many casinos. I think that every casino has the potential to attract different kinds of customers, and the total revenue from several locations can be very high.
Additionally, by running several casinos under one ownership, they can target different locations, population growth, and even niche markets, minimizing their reliance on the success or failure of a single casino.

8rch7

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Currently there are several casinos or gambling platforms with one owner and their aim is to make the scope of competitors narrower in order to achieve quite large profits. Its trick or strategies business from casino owner have multiple casino operation and make the gambler when tired with one side casino will move to other casino but still the same owner just change name, game play or other unique feature between one casino and the other casino.
The same strategies between real business and casino benefit by the owner when creating multiples casino, they will earn much profitable exactly two until five casino with the same owner have been popular and every years the user active up drastically. I don't think the owner of casino will be enough earn profitable from their business with one casino site only.

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Quote from: Porfirii on December 26, 2023, 01:01:51 PM

It is because brand strategy at least. People like changes to avoid monotony, and by spreading your services in multiple platforms you increase your probabilities to catch again the same user. It is like with beer, for example: there are many different brands but in the end most of them are owned by the same few companies; so the clients keep enjoying different experiences every time they try a new variety no matter the brand, but they are paying to the same business.

Agree with you, maybe by changing the brand or name on the casino platform, the company can make a lot of money there and this is also one of the strategies in business to develop the business or business to be more advanced. such as food or drink. Companies will try to issue labels that can attract buyers' attention by making various kinds of food and drinks even though the owner of the same company produces them.
And again, according to the title of this thread, is there an advantage for a company if it owns many casinos? There is clearly an advantage in doing business, the company will make a profit there by launching many casino platforms, even if it is the same from one casino to another. and I think gamblers won't mind this because gamblers only think about how to gamble.

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It is not uncommon for an individual to have multiple business entities. If it belongs to the same category. I find several reasons behind this. The first reason is important to me it seems that a casino cannot attract all types of gamblers. Because of which he focuses on diversification. Because we all know that diversification can reduce risk. This is definitely a good strategy for an owner. Moreover, an owner can establish different casinos considering the people of different places. Even when an owner acquires the ownership of a few companies, he can get some benefits from the government of that country. But here the owner will surely benefit there by doing different companies.

SeriouslyGiveaway

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Quote from: pawel7777 on December 27, 2023, 12:14:43 PM

Quote from: SeriouslyGiveaway on December 21, 2023, 10:40:16 PM

From what I understand, there are several reasons for creating additional casinos when there's already a profitable one in operation:

Firstly: it helps diversify their business. This reduces risk as they aren't overly dependent on a specific income source.

Secondly: there might be specialization or targeting of different market goals. One casino could focus on a specific style or player demographic, while another targets a broader audience.

Thirdly: creating more casinos can be a strategy to compete with others in the industry and attract new players.

Fourthly: companies may want to experiment with new ideas or technologies in a new casino before implementing them in their existing one.

Lastly: each new casino is seen as an opportunity to reach and advertise to a new player base.

In summary, the creation of additional casinos serves to diversify business, focus on different market segments, compete effectively, experiment with innovations, and tap into new player demographics.

This is a great and comprehensive answer to OP's question. Not much to add, maybe for the fact that operational costs do not have to be much higher than for running all operations as one, big casino. It's not like staff has to be hired by each casino separately. In fact, it could be one company running different brands of casinos, but even if they are all set as different legal entities, they could still share employees (e.g. customer service, accountants etc) and many of other administrative costs.

Thank you, there might be various reasons, but generally, these are the common ones. We may not fully understand their underlying motives, but I believe their ultimate goal is profit, or using subsidiary companies to promote and support the main company. Especially in the casino industry, there are some unwritten rules and tricks that differ from other traditional businesses; perhaps those who have experience in this field would understand better than us. Regarding operating costs and personnel, I think they would increase significantly if you expand the scale, but in return, the revenue would also go up. 

leonair

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Quote from: bitcampaign on December 27, 2023, 12:01:09 PM

Quote from: Findingnemo on December 27, 2023, 09:55:17 AM

Quote from: Lucasgabd on December 26, 2023, 06:42:13 AM

~
Building to sell is indeed an option. Though it will vary from owner to owner. Each one will have different intentions
Sometimes building a competitor will make the whole market better for all

If two gambling sites have similar games, not much difference in the UI but only the brand name differ then I see it as pointless because they are simply doubling their expenses for the same set of users, so it's better to concentrate on advertising than building two casinos to bring more income makes more sense to me.

Many casino site owners have more than one gambling site and they do it very well, it's just that maybe they have unusual marketing methods and maybe they are different from each other, of course to attract market interest too, I'm just following the example of primedice and Stake, it seems like they are one company, it's just that because the name Primedice is synonymous with dice games, it will be difficult to add other casino games there besides dice. Maybe the reason for building Stake is to build lots of games and sports betting in it. Actually, there's no problem as long as it's profitable

The reason for creating multiple casino sites is to build multiple businesses. Again, one site will act as a market road for another site, thus taking a good position in the multiple casino site market and making a huge profit from it can be the main objective of a casino site owner to operate multiple casino sites. I don't know if there could be any other major reason and I don't think of any other reason at the moment.

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Quote from: SeriouslyGiveaway on December 21, 2023, 10:40:16 PM

From what I understand, there are several reasons for creating additional casinos when there's already a profitable one in operation:

Firstly: it helps diversify their business. This reduces risk as they aren't overly dependent on a specific income source.

Secondly: there might be specialization or targeting of different market goals. One casino could focus on a specific style or player demographic, while another targets a broader audience.

Thirdly: creating more casinos can be a strategy to compete with others in the industry and attract new players.

Fourthly: companies may want to experiment with new ideas or technologies in a new casino before implementing them in their existing one.

Lastly: each new casino is seen as an opportunity to reach and advertise to a new player base.

In summary, the creation of additional casinos serves to diversify business, focus on different market segments, compete effectively, experiment with innovations, and tap into new player demographics.

This is a great and comprehensive answer to OP's question. Not much to add, maybe for the fact that operational costs do not have to be much higher than for running all operations as one, big casino. It's not like staff has to be hired by each casino separately. In fact, it could be one company running different brands of casinos, but even if they are all set as different legal entities, they could still share employees (e.g. customer service, accountants etc) and many of other administrative costs.

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Quote from: Findingnemo on December 27, 2023, 09:55:17 AM

Quote from: Lucasgabd on December 26, 2023, 06:42:13 AM

~
Building to sell is indeed an option. Though it will vary from owner to owner. Each one will have different intentions
Sometimes building a competitor will make the whole market better for all

If two gambling sites have similar games, not much difference in the UI but only the brand name differ then I see it as pointless because they are simply doubling their expenses for the same set of users, so it's better to concentrate on advertising than building two casinos to bring more income makes more sense to me.

Many casino site owners have more than one gambling site and they do it very well, it's just that maybe they have unusual marketing methods and maybe they are different from each other, of course to attract market interest too, I'm just following the example of primedice and Stake, it seems like they are one company, it's just that because the name Primedice is synonymous with dice games, it will be difficult to add other casino games there besides dice. Maybe the reason for building Stake is to build lots of games and sports betting in it. Actually, there's no problem as long as it's profitable

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Quote from: Findingnemo on December 27, 2023, 09:55:17 AM

Quote from: Lucasgabd on December 26, 2023, 06:42:13 AM

~
Building to sell is indeed an option. Though it will vary from owner to owner. Each one will have different intentions
Sometimes building a competitor will make the whole market better for all

If two gambling sites have similar games, not much difference in the UI but only the brand name differ then I see it as pointless because they are simply doubling their expenses for the same set of users, so it's better to concentrate on advertising than building two casinos to bring more income makes more sense to me.

If the casino site is to be sold, the new owner should have the idea to make lots of changes so that there are no similarities with other casino sites. It is also to strengthen the brand that the casino site is different from other casinos, and they provide something different too. But if the owner is the same and he makes the same casino as his other casinos, it's just a waste of money because he should be able to focus on developing his casino which is already running well and not making another new casino. He can create a new casino but with different content from the previous one. Usually, if a casino owner already has a casino that contains casino games, he can create a casino about sports betting so that he has two different casinos.

Findingnemo

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Quote from: Lucasgabd on December 26, 2023, 06:42:13 AM

~
Building to sell is indeed an option. Though it will vary from owner to owner. Each one will have different intentions
Sometimes building a competitor will make the whole market better for all

If two gambling sites have similar games, not much difference in the UI but only the brand name differ then I see it as pointless because they are simply doubling their expenses for the same set of users, so it's better to concentrate on advertising than building two casinos to bring more income makes more sense to me.

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Quote from: Webetcoins on December 26, 2023, 12:38:32 PM

If you will only think about the disadvantages of doing so, then that could have limit your potential of earning a huge amount of money. You can say that because maybe you haven't experience to build up a business yet?

Even if you do, you are not like the other serious and pro business people that like to take big risk. They can fall harder but at least they try. And it's not going to be the end of everything. Like the saying says, as long as we are alive or breathing, there is always a chance. They can try again or they will now move on, in the other field. I'm sure that we can always find our luck and success if we keep on looking.

It is good when we venture into different businesses for bigger profits. I don't see any reason why we have to create different casinos just for the profits. If we concentrate on a single casino, we can strategize using so many tools and team that will help us to gain more profits than concentrating on more than one casino.

Casino business is a very lucrative one and for us to get to a height we need to concentrate on the business and focus on what weill help us gain more customers and traffic to the casino. There are people that have more than inw casino but I don't see that as a good business because it would take our time and money to grow them to gain popularity.

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Quote from: Finestream on December 21, 2023, 09:37:09 PM

I have noticed that there are multiple casinos in the crypto space owned by the same person or company. I am curious about the reasons behind creating additional casinos when there is already a running and profitable one.

How does this practice contribute to their business? It seems illogical as it might increase operating expenses without an obvious benefit.

Gamblers, any thoughts on this?

Did I actually read you say that creating mutiple casinos might increase operational expenses without an obvious benefits?

Well, you are completely wrong about this, first, you need to realize that a gambling casino a business, a potential big one at that, nothing is wrong having multiple casinos as long as one can be able to manage them all well..
People have multiple companies, businesses in different locations, and this could mean more expenses which is very normal, but it also means more profit for the owners of this businesses of companies.

So, nothing is absolutely wrong with having and running multiple gambling casino as long as those casinos (as a business) will not be allowed to run into problems that could affect and bring other down.

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It is because brand strategy at least. People like changes to avoid monotony, and by spreading your services in multiple platforms you increase your probabilities to catch again the same user. It is like with beer, for example: there are many different brands but in the end most of them are owned by the same few companies; so the clients keep enjoying different experiences every time they try a new variety no matter the brand, but they are paying to the same business.

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Quote from: Outhue on December 24, 2023, 04:59:47 AM

If they have the money to fund extra casinos why not? A casino can generates billions in dollars per year and use the money to build another casino from scratch, when your business is lucrative even if it's not casino, won't you find ways to expand? Why are we going to keep complaining about it?

As a gambler, your role is to maintain yourself in gambling, see how far you can get lucky, assuming I am gambling and having some luck on Stake casino and I heard that they now have two extra casinos, what do you expect me to do? Quit stake because they have more casinos?

Although this comes with a lot of risks, as some casinos can't even manage more than one, yet they proceed and they will end up hurting the main casino they are used to managing, the whole business will crumble.

When a person has a successful business he is always inclined to expand it. Why open a car dealership, gas station or any other unknown business if you already have a successful project. Gambling is a very profitable area, so casino owners and open a second, third casino using the experience gained and excluding the mistakes that have been made in the past. In my opinion, this is an excellent practice used by businessmen around the world.

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Quote from: Finestream on December 21, 2023, 09:37:09 PM

I have noticed that there are multiple casinos in the crypto space owned by the same person or company. I am curious about the reasons behind creating additional casinos when there is already a running and profitable one.

How does this practice contribute to their business? It seems illogical as it might increase operating expenses without an obvious benefit.

Gamblers, any thoughts on this?

You didn't specify if it was an online casinos or physical casino.

This might be for some personal reasons, who knows if the owner of the club we assumed aren't the real owner in reality. I have seen companies put name to protect their interest from the government, some have hidden the real identity of the owner to avoid heavy task. If you see a person operating the similar business might not actually own one, maybe he is just the face while he owns one.

If it was a physical casino, it might be for expansion sake to reach out to other customers in another place that doesn't have access to their first casino and if it happens to be online casino, the. It might be for regulation sake. Just like the way we have Binance global and Binance US, it's owned by same people but different marketing outreach, that's what I think some casinos might be doing without telling people or perhaps you don't just have idea how they are run.

Webetcoins

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If you will only think about the disadvantages of doing so, then that could have limit your potential of earning a huge amount of money. You can say that because maybe you haven't experience to build up a business yet?

Even if you do, you are not like the other serious and pro business people that like to take big risk. They can fall harder but at least they try. And it's not going to be the end of everything. Like the saying says, as long as we are alive or breathing, there is always a chance. They can try again or they will now move on, in the other field. I'm sure that we can always find our luck and success if we keep on looking.

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Quote from: Findingnemo on December 22, 2023, 08:36:34 AM

Quote from: Finestream on December 21, 2023, 09:37:09 PM

I have noticed that there are multiple casinos in the crypto space owned by the same person or company. I am curious about the reasons behind creating additional casinos when there is already a running and profitable one.

How does this practice contribute to their business? It seems illogical as it might increase operating expenses without an obvious benefit.

Gamblers, any thoughts on this?

In my view, they can build one more company/brand with a little more expense which they can be sold for a big amount to someone else that is how the shark investors think. But there is no reason if they are not really have any idea to sell the business in future or have different games from one another.

Building to sell is indeed an option. Though it will vary from owner to owner. Each one will have different intentions
Sometimes building a competitor will make the whole market better for all

SeriouslyGiveaway

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Quote from: virasisog on December 22, 2023, 01:30:34 AM

Quote from: SeriouslyGiveaway on December 21, 2023, 10:40:16 PM

From what I understand, there are several reasons for creating additional casinos when there's already a profitable one in operation:

Firstly: it helps diversify their business. This reduces risk as they aren't overly dependent on a specific income source.

Secondly: there might be specialization or targeting of different market goals. One casino could focus on a specific style or player demographic, while another targets a broader audience.

Thirdly: creating more casinos can be a strategy to compete with others in the industry and attract new players.

Fourthly: companies may want to experiment with new ideas or technologies in a new casino before implementing them in their existing one.

Lastly: each new casino is seen as an opportunity to reach and advertise to a new player base.

In summary, the creation of additional casinos serves to diversify business, focus on different market segments, compete effectively, experiment with innovations, and tap into new player demographics.

I agree with this, but the best answer I could see is diversification. Same as other businesses some business owners or companies expand their business by creating different forms of businesses, as said it reduces risk and could be a good source of other income. Imagine a big corporation owning different fast-food chain, all of them has the same type of business but offers different services. I think we can view it the same as casino owners owning different gambling platforms.

Yes, I agree that diversification is a strategy many companies are employing. Additionally, there's another reason I didn't mention, which could be related to taxes. Many companies establish various subsidiary companies to circulate cash flows and minimize tax liabilities. I'm not well-versed in tax matters, but the practice of creating multiple subsidiaries to legitimize invoices is widely used for tax avoidance. The specific processes might be more complex, but I think that's also an reason. 

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