How do casino owners benefit from creating multiple casinos? - page 2.

ethereumhunter

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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.

Casino owners who have well-developed casinos want to get additional profits from the gambling business so they want to create new casinos. They already have capital from the profits they got from their old casino so they can set aside some of the money as capital to build a new casino. They also have experience in running a casino. Hence, they are familiar with everything and they may ask for opinions from their members first before they announce their new casino.

If the casino owner can get employees with expertise in managing his new casino, the new casino can develop well and gain a reputation. If that happens, the casino owner can get even more profits so that his business can develop even better. What is important is how the casino owner can manage his casinos well and not have problems with anything so that the casino owner can focus on developing all his casinos.

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Quote from: Mauser on December 24, 2023, 06:26:08 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?

This comes as a bit of a surprise to me, why would casino owners prefer to create a new business instead of promoting their current casino more? If you already have a well established casino with a well known brand that it's unnecessary to create a new business. Many gamblers are cautious when it comes to new casinos and would prefer to stay at a website that they are used to and know that is reliable. Wouldn't it make more sense to run new promotions on your existing casino than to create a new one? I can understand that different countries have different regulatory requirements, so you might want to have one casino for Asia, one for Europe and for the rest of the world. Keeping everything separate makes it easier for the regulators to give the necessary licenses and if there is some issue not all the business is at risk.

Some may do that its because they want to create an alternative platform for their gambler to play since sometimes it becoming more boring to stay on a single casino that's why maybe it came up to their mind that they should create another one so that they can still be the choice of their gambler and earn a profit with it. We see some of those casino here and they are somehow successful for running their operation. Usually this happen especially if the owner of casino have a lot of funds and I find this very smart idea since this could increase up their potential profit especially if they manage well both casino they created.

Mauser

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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?

This comes as a bit of a surprise to me, why would casino owners prefer to create a new business instead of promoting their current casino more? If you already have a well established casino with a well known brand that it's unnecessary to create a new business. Many gamblers are cautious when it comes to new casinos and would prefer to stay at a website that they are used to and know that is reliable. Wouldn't it make more sense to run new promotions on your existing casino than to create a new one? I can understand that different countries have different regulatory requirements, so you might want to have one casino for Asia, one for Europe and for the rest of the world. Keeping everything separate makes it easier for the regulators to give the necessary licenses and if there is some issue not all the business is at risk.

Outhue

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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.

Maus0728

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It has to do with the variety and the illusion of choice, with more casinos available it wouldn't look like there's a monopoly on gambling industry because there's the choices just look at the parent companies of competing brands of different products that you use daily and you'll know what I'm talking about. Another thing would be the fact that in the case that there's an issue with 1 casino, they can still make a profit because they've got other casinos that are supposed to be their competitors but in reality it's not and sometimes some casinos aren't available in one country because it got no permit to operate there or it's taking long to approve but their other casino is already permitted.

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Casino owners plan to build multiple casinos to grow their business. Most of the casinos in our country are being operated illegally. And among all the casinos there are only a few legitimate casinos. So casino owners feel that their casino business may be in jeopardy or shut down at any time. If unfortunately a casino closes. So that the casino owner can survive in the gambling market through another casino. Considering all these factors, casino owners can avoid their risks by building multiple casinos. And also can be profitable in the business field

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Quote from: Maslate on December 23, 2023, 07:55:49 AM

The word greedy is in appropriate when referring to business who are just trying to take the opportunity to grow their company. We don't know exactly if the new casino would be successful than the old ones, but it has been the trend I guess, so for sure they have some studies telling it's advisable to open a sister company.

But I'm just curious, let's take the number of casinos who have an ANN thread in the forum, do we really know their sister companies if they are operating with multiple casinos?

Like these popular gambling sites.

1-stake
2-sportsbet
3-duelbets
4-betcoin.ag
5-Rollbit

Yes, but maybe the casino owners are not greedy but want to make bigger profits by owning more casinos Grin

Only with attractive promotions can the new casino gain the attention of gamblers. In the meantime, the casino owner knows what to do with his new casino. If he thinks that the promotions should be different from the old casinos, he will find a way.
I only know a few casinos that are on this forum. Bitcasino, Sportsbet, Livecasino are under one management or owner (but I don't know which one is correct). Then there are 777coin and Bitvest, which are owned by LightLord. Maybe there are other casinos but I don't know about them.

Quote from: Unbunplease on December 23, 2023, 09:29:21 AM

When a casino owner creates another casino, they have the opportunity to test how the new business model will work and how successful it will be. It is basically impossible to test everything within one casino. In the future, the casino owner can leave the more successful models, and close the one that did not meet expectations

Maybe that's the reason casino owners create other casinos. If they create a new casino to target other users, they should test the casino before launching or even after the casino is launched to see how the users react.
The casino owner has many ideas that he wants to try one by one, which could be why the casino owner creates other casinos.
Of course, the casino owner aims to create a new casino that is different from other casinos.

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Quote from: traderethereum on December 23, 2023, 07:44:01 AM

If the casino owner could build a new casino, he would do it because he wants to make more profits from his business. Maybe he was greedy because he wanted more profits but that's how a businessman is.
If he sees any development in the business he has created, he will want to increase or expand his business to become even bigger. Creating one or more casinos is the goal.
However, being a business owner is not easy because he has to understand everything related to his business and not just leave it to his employees. That way, he can monitor all his business activities well and think of ways to grow his business even bigger.
He will get even bigger profits when he has succeeded in developing his business. That's what all business owners want.

When a casino owner creates another casino, they have the opportunity to test how the new business model will work and how successful it will be. It is basically impossible to test everything within one casino. In the future, the casino owner can leave the more successful models, and close the one that did not meet expectations

Maslate

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Quote from: traderethereum on December 23, 2023, 07:44:01 AM

If the casino owner could build a new casino, he would do it because he wants to make more profits from his business. Maybe he was greedy because he wanted more profits but that's how a businessman is.

The word greedy is in appropriate when referring to business who are just trying to take the opportunity to grow their company. We don't know exactly if the new casino would be successful than the old ones, but it has been the trend I guess, so for sure they have some studies telling it's advisable to open a sister company.

But I'm just curious, let's take the number of casinos who have an ANN thread in the forum, do we really know their sister companies if they are operating with multiple casinos?

Like these popular gambling sites.

1-stake
2-sportsbet
3-duelbets
4-betcoin.ag
5-Rollbit

traderethereum

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Quote from: Z_MBFM on December 23, 2023, 04:41:29 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?

Having one profitable casino but owning multiple casinos indicates that he wants to make more profits. People are very greedy for money and people love luxury so much that those who own billions of dollars want to own trillions of dollars. And that's basically why people want to own multiple casino sites. I think this is the biggest reason why on the other hand there are many people who like to be owners and they dream of owning many companies. Everyone operates multiple casino sites for different purposes and wants to own multiple casino sites.

If the casino owner could build a new casino, he would do it because he wants to make more profits from his business. Maybe he was greedy because he wanted more profits but that's how a businessman is.
If he sees any development in the business he has created, he will want to increase or expand his business to become even bigger. Creating one or more casinos is the goal.
However, being a business owner is not easy because he has to understand everything related to his business and not just leave it to his employees. That way, he can monitor all his business activities well and think of ways to grow his business even bigger.
He will get even bigger profits when he has succeeded in developing his business. That's what all business owners want.

Yamifoud

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Quote from: Queentoshi on December 22, 2023, 06:48:14 PM

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

It seems illogical as it might increase operating expenses without an obvious benefit.

It is easier to call a business decision illogical when you do not understand how the business runs and you are simply judging from outside as an outsider without little understanding about the profit-making side of the business. Know that these casino owners will not engage in trying to create multiple casinos if they have not run their evaluation and then made considerations. It is also likely that maybe the other casinos that they open after opening the first one will run better and be more profitable because of the experience they've gained from managing the first one. Experience makes you better at something.

Anyone business operator could easily create multiple casinos as we are in the online world already. I mean, the operating expenses aren't that high compared to what benefits the casino may rip in the future, with plenty of casinos, making more than one casinos will be able to compete among the money. I'm sure, those company who have multiple casinos running have focus on the branding of their casinos, they may have diffeerent focus on markets but their goal is to be both successful.

And yes, you are right, they are in the business so they know better the market, and once they open multiple casinos, that means they sees more opportunities to make it profitable.

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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?

Having one profitable casino but owning multiple casinos indicates that he wants to make more profits. People are very greedy for money and people love luxury so much that those who own billions of dollars want to own trillions of dollars. And that's basically why people want to own multiple casino sites. I think this is the biggest reason why on the other hand there are many people who like to be owners and they dream of owning many companies. Everyone operates multiple casino sites for different purposes and wants to own multiple casino sites.

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Quote from: Queentoshi on December 22, 2023, 06:48:14 PM

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

It seems illogical as it might increase operating expenses without an obvious benefit.

It is easier to call a business decision illogical when you do not understand how the business runs and you are simply judging from outside as an outsider without little understanding about the profit-making side of the business. Know that these casino owners will not engage in trying to create multiple casinos if they have not run their evaluation and then made considerations. It is also likely that maybe the other casinos that they open after opening the first one will run better and be more profitable because of the experience they've gained from managing the first one. Experience makes you better at something.

I would also add another reason: diversification of your business. Probably the owner made a profit in his first casino and wanted to open a second one because he sees a high risk of opening in one country (country risk). The profit allows him to hire qualified consultants who will explain in detail all the subtle points and difficulties. If the owner is satisfied with everything, then a second casino opens, for example, in a country where it is warm all year round. Now the owner will be able to monitor the performance of 2 casinos, compare them, adopt the experience of one of them and apply it to the other. The advantages are obvious, so I think it’s logical for them.

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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?

That's just how business goes I guess? I'd compare it to how chains are made in the real world, but because of how nonsensical the idea is in the internet, they instead opted to create a variety of casinos instead.

Not to mention that gamblers are kind of weird themselves? I mean people would play on random casinos all the time even if they're already playing on another that's offered them good services and whatnot just because. Maybe that's why they're putting it out like that. I mean the costs would probably be roughly the same and I reckon it's already another form of investment. Plus, with it basically being the same as their other casino, staff probably wouldn't need to be increased that much except for the tech support team which requires a separate one.

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

It seems illogical as it might increase operating expenses without an obvious benefit.

It is easier to call a business decision illogical when you do not understand how the business runs and you are simply judging from outside as an outsider without little understanding about the profit-making side of the business. Know that these casino owners will not engage in trying to create multiple casinos if they have not run their evaluation and then made considerations. It is also likely that maybe the other casinos that they open after opening the first one will run better and be more profitable because of the experience they've gained from managing the first one. Experience makes you better at something.

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We don't know what the reasons are for business owners to create other additional casinos. It could be that this is all because they want to get more profits, or it could also be that they have different ideas from the previous casino, so they created this additional casino. In our opinion, creating an additional casino doesn't make sense because the owner already has a casino that is already running well and has its popularity. But there must be something that ordinary people don't think about why the owner wants to create this additional casino.

If it's about benefits for gamblers, each gambler has different reasons. Perhaps they are okay with the casino owner creating another casino. That benefits gamblers because they can include another trusted casino in their list.

johnsaributua

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Nowadays access to casinos is widening and expanding, according to me with online reach or phonecell applications making it easier and more confidential Grin

means that you can use other people's personal data or platforms that do not require an age limit for users, habits in filling spare time and as phonecell users increase turnover for casino owners. entrants can come at any time and more than expected, faster casino information on a web with from user to user. other users.

For entrepreneurs to hold this media, I think the material is durable, meaning that the tool or web is bought once and the rest is maintenance. I think the return on capital is also quite short.

I don't like to go out and there may be casinos located around me that are still operating today, but with online casinos, you can access them even when you wake up and before you go to bed. Cheesy

If there are cassino owners here, they will certainly provide clarification for the outflow and inflow of whether their turnover has dropped to the point that they dare to add new locations, or whether it is very profitable, and whether they are moving to follow the online era to increase market share as well.

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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?

Yes, there are thoughts about this. This may be a subsidiary, perhaps some players are disappointed for some reason in one online casino and prefer another but they do not know that they belong to the same person or the casino owner is using the tactic of not putting all their eggs in one basket, as people often do. I think there are many more deeper reasons, but these lie on the surface for me

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Quote from: Orpichukwu on December 22, 2023, 05:49:54 PM

I guess those casino owners could be the only ones to give a perfect answer for this, as they are the only ones who have the perfect explanation for their actions.

Either their first casino is not getting the attention they want, no money is coming through it, or they need to add something that they think is a total new idea that requires a new casino, which could lead to starting a new one, or it could also be because the old one is losing reputation and they need something new in order to stay relevant in the system.

Whatever the case, their primary objective is always to increase their revenue, and almost every businessman will employ any strategy to attract those customers who will patronise and add to their wealth.

True, only those owners could know that or what kind of strategy they are using, but if one thing is for sure, they are doing this to make more invome multiple platforms, which means multiple incomes. We know that gamblers like to play in different casinos to have different experiences, fun, and thrills. That's why they tend to find other casinos that could suit their taste, and I think that's what the casino owners are aiming for. Even if one customer leaves one of their casinos, it will end up in their casino as well.

And I think they also do this to have different connections; many connections mean smooth business and more income to come as they could meet huge personalities that have a high position in society. In that way, their business will prosper and they will earn more and more income.

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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.

It's a business, expenses is just part of it when business profits. And it's not illogical, it's a basic thing how business works. It's the same thing on businessmen who have multiple restaurants on the same area or the same mall, it's just diversification of business. More business, more profit.

Topic: How do casino owners benefit from creating multiple casinos? - page 2. (Read 711 times)