Pages:
Author

Topic: How do casino owners benefit from creating multiple casinos? - page 4. (Read 652 times)

sr. member
Activity: 966
Merit: 276
★Bitvest.io★ Play Plinko or Invest!
Different people take different steps to profit from gambling platforms. Using two casinos at the same time is really risky (similar to having two drivers of a car and turning the steering wheel at the same time) gambling platforms are just that. They are driven by greed and take various steps in the language of more benefits, but if they can't turn it on, it's better. Casinos provide a place for different gamblers to play.

Everything is risky nowadays, Just like in investment, owner doesn't want to put all of the money and efforts in one casino that's why he chose creating another one, besides that's a one nature of having a business, to create and develop more because they already saw how people love and enjoy his business. This kind of issue is so normal and part of a business strategies.
legendary
Activity: 1806
Merit: 1159
By creating multiple casinos, the owner can differentiate his resources, minimize losses, select the most profitable and profitable areas. Usually survive those who can offer the player a sufficiently large number of options, as well as the most optimal and safe option to withdraw funds
sr. member
Activity: 322
Merit: 250
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.
I have not taken note of this  and would have loved you to call names but that is not really necessary.  Assuming this happens, the simple reason might be for business continuity. It might be their way of expanding their business which is acceptable in the normal business world.


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?
If there were no benefits, they will not do it. So I feel it offers some benefits that make the chose that part. The most important thing is if they are delivering quality service. If they are, it shouldn't be a problem.
legendary
Activity: 2436
Merit: 1008
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?

If you have a certain experience where you feel unlucky on a gambling site, you will try to erase that scenario by looking at other sites. There's no such thing as being a loyal user for too long not unless hunting for a top VIP tier. In that case, if users try to look for a new site, there are more gambling platforms to choose from. It's a way of maximizing the potential profit and revenue. Why stick to only creating one platform if they can open another one?

We can apply that strategy the same to other businesses like restaurants with the same owners. People will surely try to dine in at different stores.
legendary
Activity: 3276
Merit: 3534
Nec Recisa Recedit
1 slot = gives a certain profit which can practically be multiplied by the number of slots that are present in that casino.
think of it as if it were a "fixed-certain" mathematical rule.
this is a very very simple rule. the more you play at the casino, the more the casino wins!
legendary
Activity: 2618
Merit: 1103
For the same reason why exchanges have different companies operating in different jurisdictions. It's best if their local branch is operated by a local team, the way fast food restaurants do.
If anything goes wrong that team will be responsible and the main office will distance itself from the branch.
Also, not all games are legal in all states, so they sometimes create another branch to handle sports and another to do games popular in Asian casinos.

That's a strange question. Many gamblers do not even think about who owns a particular casino, but from time to time they want a change of scenery, so they move to another casino. If the owner of the casino from which you move has several other competitively capable casinos with a good reputation, then there is a chance that you will be profitable to the same person / company. It's very simple.

That's right and then they fall victim to a casino that used to scam people and changed its name, but it's still one and the same team. It's best to know who owns the place you send your money to. It can also be said about banks.
legendary
Activity: 2268
Merit: 2038
~snip~

That's a strange question. Many gamblers do not even think about who owns a particular casino, but from time to time they want a change of scenery, so they move to another casino. If the owner of the casino from which you move has several other competitively capable casinos with a good reputation, then there is a chance that you will be profitable to the same person / company. It's very simple.
legendary
Activity: 2940
Merit: 1083
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?

I don't find that as an illogical thing. Most gamblers don't even know that they are playing on different sites but the owner is just the same.

If you have been gambling for long, there's a thinking in most gamblers that it's good to try a fresh and new site. Therefore, these site owners consider creating multiple gambling sites because they know that some users are like that.

Some users, after experiencing big losses on a certain site want to get out and find some new ones. In the end, these users will probably still end up playing on a site with the same owner as their previous one. Business expansion indeed.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
For starters it's not only casinos doing this, you will be surprised that even our own favourite products in our homes could be products made by one company regardless of you choosing product A over product B...

And with regards to casino's having multiple products , it could be a way to maximize on their profits or it could be a way to have different products for different countries as they could be having different licenses that don't cover all locations of operations... Sometimes this is done as a way to create a competitor that can compete against themselves...
hero member
Activity: 812
Merit: 560
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.

Have you ever tried to reason if you own a business that is flourishing and decided on opening another branch of the same business for  expansion, you are doing this because you think you're good in what you do and have gathered enough experience in it as well, it's also another thing we can decided to increase our business for more profits realization since we have the best of the knowledge on how to handle and manage them altogether.

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

No, you're wrong, the idea is to maximize profit in business and introduce new additional offers to come along with the new establishment and it's part of business strategies.

legendary
Activity: 2352
Merit: 1085
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.
why only have one profitable casino when you can have multiple profitable casinos?

How does this practice contribute to their business? It seems illogical as it might increase operating expenses without an obvious benefit.
they are expanding their business and market, they are also probably trying to reach more audience(I am pretty sure there are more reasons for it other than what I mentioned). opening a new business is a risk, they know the risk of opening a new casino and they accept that risk, they also know the profit it can generate.
legendary
Activity: 2030
Merit: 1643
Verified Bitcoin Hodler
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?

Well, first of all if the owner of the website has one successful casino then it should suffice to say that he knows how to make his gambling platform business become profitable. Although I agree that it is better to concentrate on one thing instead of trying to "catch two rabbits at once", some people have the mindset of multiplying things that seem to work, instead. The owner of the casinos must think if one site is good then more sites are better. And in terms of dividing up risk, that may be true. But neglecting the one successful casino in hopes of making his other gambling websites just as successful is a fools bet.
legendary
Activity: 2688
Merit: 1091
Leading Crypto Sports Betting & Casino Platform
The gambler after get bored with one game,he will look for the other game.So to keep the gamblers to their gambling site,the gambling owner should keep more game available in the gambling site.This help the gambler to keep engaged in the same gambling site because of more available of games.If the gamblers win,it help to get some money.But the gambling sites will get more fee from every game played by the gambler.If the gambler win or loss doesn’t affect the gambling site.The diversification of funds with various games in the gambling site was the common behaviour of the gamblers who were gamblers from the longer period.
Base on your explanation, it means there's no point to have more than one casino lol. If someone want to play other game, it doesn't need to have other casino since one casino can include gambling providers as many as possible.

It's wrong if you say win or lose doesn't affect the casino, if many gamblers are win, the casino will going to bankrupt. I don't think many gamblers are use many casinos to diversify their portfolio.

Yes that makes sense buddy, to be honest I really don't think that the purpose of the city to make more than one casino so that they can increase the number of games that can provide new interest to every gambler who comes, because the logic is of course as you say that with just one casino they  can actually provide as many games as possible, after all, from several casinos that I have visited they already have thousands or even tens of thousands of games while usually gamblers will only enter a few favorite games, and simply I don't think it's possible for them to feel a lack of games with the many games that have been provided from just one casino.

So in my opinion, what makes more sense is the purpose of the bookie to make more casinos, which is obviously one of them that looks striking is that they want  to reach more audiences which of course can increase their income, no more than ordinary business when we have many branches then obviously our profits will also multiply at the same time. The other thing of course is that it makes sense that if a lot of gamblers get a win then indirectly the casino's income will decrease or even go bankrupt, but I think it is unlikely that the casino  will go bankrupt if there are a lot of visitors who come because after all all their algorithm system is regulating  and that is why there are still more losers than winners because the system makes the percentage of winning much smaller than the chances of winning..
legendary
Activity: 1736
Merit: 2748
LE ☮︎ Halving es la purga
OP, if you are an expert in Casinos and you are opening your business portfolio you can do it in several niches, but what is the natural one, that of Casinos, it happens in the real world, most casinos have partners or owners whose empire operates in casinos.

In fact, poker casinos, for example, operate on networks, and only change the skins, and it is known that some only change the name and are the same owners.
hero member
Activity: 1092
Merit: 507
Leading Crypto Sports Betting & Casino Platform
In my opinion, by opening lots of casinos, of course the main goal is probably money, especially with the current popularity of online gambling which is being done by everyone, and it could be said that in every gathering of young people, one of them will definitely be playing online gambling. With this, casino companies will of course reap more profits from those who gamble by doing it online, because even if they do it online, this does not guarantee that it will be easy to win.

The percentage of wins in casinos is smaller than the percentage of losses which is very large, therefore many people gamble online to get unclear wins, not to mention those who are addicted to online gambling. Of course they will spend a lot of money gambling because they have their own hopes. So therefore gambling companies will definitely reap more profits from this. I think it's like this, but to be clear I don't know.
legendary
Activity: 2128
Merit: 1775
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.
As far as I know, all of this is exactly the same as entrepreneurs who have several advanced business branches, for example the Coca-Cola company, that company is not only located in the United States, almost all countries have branches of Coca-Cola.

Likewise with the gambling industry, even though the owner is the same person and they have two or three casino branches, of course they have workers who can be relied on and can be trusted, In this case the finances and profits are also different, the more casino branches, of course the greater the profits.
For example:
Casino [1] profits so many dollars and so on casinos [2] and [3].

The point is: humans are never satisfied in their search for wealth, the more gambling industries they have, the more money they earn.
hero member
Activity: 2310
Merit: 757
Bitcoin = Financial freedom
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.
sr. member
Activity: 714
Merit: 296
Cashback 15%
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?
I am lost here, please help me to understand,  are you talking about online casinos or offline casinos? Because one is beneficial to the owner than the other, if this person or group are running online casinos then they are doing it because they want to become successful with all it takes, and also, running multiple online casinos is way more easier than running multiple offline casinos.

* Multiple online casinos is easy to run because they don't have to be regulated, some decentralized casinos are still functioning and gamblers are using them anyway, the more people they can attract the better, although I don't like this idea because such company might be looking forward to scam gamblers one day, if they believe in themselves they don't have to create multiple casinos.

* Multiple offline casinos from same owner sounds good enough, because they will regulated all the casinos and they have multiple because they can handle them all, it's business and building casinos in different locations or countries will bring in more money, where I am most interested in here is the transparency, if all the casinos are registered there is no problem.
hero member
Activity: 1582
Merit: 689
Leading Crypto Sports Betting & Casino Platform
It may seem at first glance that the creation of more casinos in the crypto space by the same owner may seem strange, but it actually has several reasons. this could be a way to reach more players or customers who may have different preferences. Each casino can have different features or attractions, attracting different types of players. So, by having multiple casinos, they can offer a variety of games or experiences that can attract more people.

And having multiple casinos can provide opportunities for experimentation and innovation. Owners can try new features, different blockchain technology, or even different marketing strategies at each casino. While this can increase operational costs, it also provides an opportunity to learn from each casino and apply that knowledge to their business as a whole. So, even though it may seem counterintuitive, having multiple casinos can be a way to reach more people and test new strategies in the crypto space.
legendary
Activity: 1358
Merit: 978
Because of having an option to the players, if you are just establishing a one casino already and people want to seek more different with your casino you know you can capable to have to create another casino with another brand is you can give another quality of services in the other so you can have a choices if you want to play with the Casino 1 offering or the Casino 2, this kind of thing can be repetitive as you can afford. This is the same with the food industry with the same kind of product with different branding but the same manufacturer.
If a player is unlucky in one casino and loses his entire deposit, then after a while he may think that he was simply unlucky there and will begin to look for a new casino, hoping to win there. Of course, the player will not check the owner and it may turn out that it is the same person.

If you look at the situation as a whole, there are probably many large owners in their countries and regions who have divided their zones of influence. I even admit that they can negotiate with each other to prevent new casinos from entering their territory. Also, theoretically, there could be cartel agreements, but these are just thoughts, I don’t have any evidence.
Pages:
Jump to: