Topic: How do casino owners benefit from creating multiple casinos? - page 3. (Read 719 times)

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.

What you are asking is just saying why do people needs multiple stream income
If I may intrude into this, people create multiple casino to keep their income coming without lacking, it is the same as doing multiple jobs not only one but whenever someone has alternative means of incomes it keeps them financially balanced without falling out. Casino owner does that as well without any hidden agenda and their terms of services, most times it could be that there are some of the countries they target and there are some of the country's they won't operate maybe it could be that they are only focusing of a particular region and states.

One reason is to start a new for a new type of audience.  This can be called market localization due to legal and regulatory requirements.  Another reason as stated is diversification but the owner should be aware that openning to many casinos may backfire.  With multiple casinos opened by the same person may result in internal competition, each casino competing against the other which can result in cannibalism where the users of one casino they owned is pirated by the same casino they also owned.

Maybe some of the casino owners are so hyped about reaching their different audiences and opening too many casino platforms that they neglect the possibility of the negative things I mentioned that may happen between owned casinos.


But with many casinos being opened by the same operator may also produce internal competition.

Yes it is essentially about offering their customers the alternatives that otherwise other casinos would offer them. A lot of gamblers are trying out different platforms, so if they want to go on or add one to their list, the next one might belong to the same person. When you look at the corporate networks that billionaires have, many of their products and services seem to be competing with each other, but no, they just widen their own spectrum to ensure that once a customer wants to try a new place, that new place might also be the same owner. In Germany we have billionaires who own so many "competing" retail businesses and it almost doesn't matter where the customer goes, chances are it is the same person behind it.

Every business have a strategies and if their is no atoms of profits in creating numerous casinos platform I don't think people or companies that have before will like to launch another site of casino, when you cross check casinos you will see or noticed that almost all the casinos have a similar function, so for them to have different casinos I think that they do benefits through traffic of the city and sometimes people who gambles doesn't like to concentrate in one particular casinos platform they always like to test other casinos platform to try their luck and that should be the reason why some of the platform do like to have different sites to grab more customers

It is a business strategy to dominate the market, so that regardless of the option of casino chosen by a gambler to gamble in, they still will be the the ones to profit. They create the competition with themselves. This business strategy works for some business owners who understand the risk involved, have the capital for it too before engaging in such diversification. But for others who do not understand the risks, and are not sure about the capital, it ends up being a bad choice for them as it will also sink the other casino businesses that they have if they are not lucky.

First off, it eliminates competition. The thing is some casino owners buy off IPs and brands from their competitors and absorb them into their conglomeration to earn their revenue and their customers. Sometimes they will deliberately worsen the situation and features of said casino they bought to highlight the main brands they own and pool all of those customers from competitors into theirs, just in case their competitor decided to launch a new IP with the same features and benefits. It's called corporate warfare and it happens all the time not only in the casino business but practically everywhere else. Some casinos fall victim to this and deliberately do so because of lack of proper funding, an unsustainable business model that bleeds them money more than it makes them, or something else entirely.

It also creates the illusion of choice to the customer's eyes. They may not favor one casino name because of their bad experience, but if they have multiple IPs under the same entity at the end of the day it will end up in the same man's pockets without the customer knowing anything about it.

Gamblers are plaeyers that have their faith bound to how to win, many don't even know how this thing really works. I am not sure if I know any person that owns a casino but if a person has more than one casino, then it is possible because of some reasons like maybe he is not the CEO of the company, he might just be another employee of the casino and if he thinks that he has gain enough experience to start his own, he will live or not depending on their agreement to go start another one for as his own business which I see as nothing, everyone need to progress in life at some point.

My second guess is that it might be because of different branding, I have seen casino that are only focus on casino games, they don't include other categories of gambling like sports, crickets and Basketball, they can decide to run an independent casino to get people to come and play so they can generate more money. I think there are some countries where some certain type of bets aren't even allow, if such casino has some certain type of games in mind, they can launch another type of casino but it will focus on another location to attract people from other places.

My third guess might be because of License and regulations, some casino are very regulated by some countries. I think in the US, there is so much tight regulations over there and to do business there, you have to comply with them and such rules makes other customers from another countries not to play, so it is possible to have a casino company with them and has another one that is less with rules just to get customers to play with ease and without fear of having their money stuck on the casino.

First of things, I want to highlight that crypto casinos industry is not so new, talking about the new style and all in one casinos. We see new crypto casinos every day with multiple technics of marketing and promotions. So I can say that there are many reasons why owners are creating multiple casinos even having a successful running casino before.
One of them must be regional restrictions, some casinos have licenses for specific countries only and they don’t allow other regions from joining their first casino, automatically they prefer launching a new casino and new license to allow more regions and gain more players simply.
Another reason, could be the type of games and providers they have inside. Better that they create and start another casino with different games than filling the first one and making it either slow or boring for players. Even if the first one is running well and generating profit for the owner, it’s not an excuse to stop investing in more casinos.
Last reason I can think of, is methods of payments. Sometimes some casinos are allowing only fiat and virtual bank as deposit and withdrawals methods, and depends on their casino license, they prefer to launch second one allowing cryptocurrencies for their payment system.

From this question I don’t see reasons or excuses for owners of a casino to not launch a second or even third one for more profit.

also, do take note that they are businessmen, they can have some sort of share of any business, it doesn't mean they are full owners of the site or the project. these businessmen as much as possible want to expand their network of sources of income. they are not handling the minor aspect of things anyway like the daily operations, complaints among others. they are taking care if the business is still profitable or not. and find ways how to continue this business and grow as much as possible.

just like your example, owners of airlines. they can have some share in a lot of different airlines, and not only the airline they are known for. and more for other businesses. do remember, they are staking their money to various businesses as they want to spread their investments and so the return is not detrimental if one or two will turn out to be a failure.

The more you branch out, the more people you can get and that could increase your profit over time.
As many says diversification is the key, those business people also follow this rule and they really know when to expand their business. Creating a different casino from your mother company is not a cheat at all, they just know how to do business in a more proper and we may never know why if we remain ordinary people.

You'd be surprised how many airlines are at least partially owned by the same people or organizations and why would they do that? They can offer different price ranges without hurting one of their brands. They can shape their different offerings in various ways to find out what works best, what is the most popular among customers.

I have noticed that as well for casinos and I think in a growing market like the gambling industry it's important to field several players in a highly competitive world. They have more options to tweak stuff in the back- and frontend without hurting their flagship casino. I can think of a lot of reasons why casino providers would do that.

A changing legal environment might also be a good reason to have several casinos registered in different locations.

Seriously, it's kind of surprising to me also, because why do you have to create another gambling site when you already have one? The amount that will be spent on maintaining and promoting two gambling sites, why can't you just focus on one and allocate enough money for the promotion of the gambling site? If the reason for creating two gambling sites is to reach a wider audience, then if enough money is spent to market one, they will be able to achieve that. But I can't really say the reason for creating multiple gambling sites, which am sure there will be a reason for that.

I am sure they will have a reason for doing that, and I am sure if they are not benefiting from it, then they won't be doing it. If you are in a business and you are losing instead of benefiting, you won't have a choice but to shut down the business. But if things are going smoothly in your business, then you will do everything possible to maintain it.

Online gambling is one of the most active industries during the pandemic. One of the industries that become a big thing even the world is facing a global pandemic. I think that's what some gambling site owners today have in mind during the time they think of building a gambling site platform since it's proven that the gambling business can survive in that worst situation.

Let's think about it, if we owned a gambling site, why settle on a single-owned gambling site? There are lots of fish out there. Even those who were not a gambler before are now enjoying playing in an online casino. The target audience is everywhere that's why it's a must to have different owned gambling sites.

With lots of competitors around, some owners want to make sure that more users will come within only their premises. It's not possible if they only owned a single gambling site. They should hold more of it for that plan to become more effective. But they have to make sure that the good service will be maintained at all of their gambling sites.

These are some benefits they would get;
 - popularity
 - earning more
 - winning the competition

We can't see an instant benefit from this because of huge expenses upon the start but in the long run, the casino owners benefit more. In the business world, the mindset of the owner is to cater to all gamblers or attract people to gamble which is why adding more casinos could be the best thing to do. In fact, as we can see, a lot of people become a gambler because a lot of casinos are available these days (offline/online).

Quite that questionable but since they do have the funds or capital on doing so then they are really that free on doing things on what they do have in mind. We do know that creating casino doesnt come cheap.
If they would be tending to create another one then the thing i do have in mind is that they are trying out to make those false or fake competition and since gamblers in the market is really that increasing
then there are those who are really that a fan on testing out new sites and leaving their old ones even on how reputable it would be. They would be making something that looks more appealing but of course they wont really be putting out outfocus of their old.It is really just that somewhat raising up that kind of question that why they cant just focus on single point?
No matter what their reason is then they are still making profits on both sides.

As long they would really be able to benefit then they would really be that definitely be doing things which would really be giving out that kind of advantage on which it isnt really that shocking on
this kind of particular situation on which it would really be just that normal that these owners would really be doing their very best as long they could be able to benefit
out.

The very first thing that comes to my mind when I think about this is, oddly enough, not fraud, but the creation of different projects under different regulators. You probably noticed, but each casino has a list of countries with which it does not work (it is banned there both from the country and from the casino, that is, using the IP address of such a country you will not even be able to enter this casino).
This is because in each country the gambling requirements/regulations are different, and so different that it is easier to create a separate legal entity (and brand) in order to operate in a specific country. As long as the costs of creating a separate legal entity pay off (the capacity of the national market allows you to receive the necessary profit), such a strategy is reasonable.
But of course, there are disadvantages that cannot be avoided: the promoted brand remains recognizable only within this country and does not have access to the global market. For large projects, this is a very painful negative consequence of such a strategy.

You can't grow your business if you are like that, mate. Think of an idea that will bring more profit.

Especially if your business is growing, and the gambling industry becoming a trendy thing every year, it's always a good option to consider expanding your business. Why not take advantage of the growing numbers of people involved in gambling? It's a clear money. Gamblers also have different tastes in gambling sites. These gambling site owners, can't just attract these gamblers into their single site. To meet their expectation then build more sites for them.

Thru scaling.
More sites means more gamblers to play. Why? If they had a bad impression with site number one, you can still regain them with site number two.  You could also be a sportsbook alone and another gambling casino alone. You may offer bigger rewards than with your other platforms for players to consider it more but in fact, things are still under your platform.Players most of the time are not sticking to a single site alone to bet. Some are having superstitions that they might be more lucky using other gambling sites and if you happen catch them with your other gambling site, then that's a win for the trade name. There's also a tendency for some gambling site owners who has multiple platforms to be using it as bait before he fly to other and more players.

There are many casinos, right? Thousands of them. There we have Stake, Sportsbet, LiveCasino, Freebitco and so on. Each of them have their own loyal customers despite the fact that some people think Stake is the best, some think Sportsbet is the best and so on. Paddy Power is a very good example, they own many casinos but these casinos, each of them, have unique UI, unique promotions, unique marketing, unique attitude towards customers. It's like, having 8 types of customers and creating 8 product for each of them because you can't create universal product that will fulfill the requirements of 8 different person.