Topic: How do casino owners benefit from creating multiple casinos? - page 5. (Read 652 times)

I can probably reutilize the engines and some of the software but you know one thing that you will probably need? Liquidity. Some say this is the biggest bottleneck for casinos to scale up, invest more and reach more players. I’d be really curious to know and to hear more on that… interesting topic

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.

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.

There are several factors to consider on why business owners have multiple businesses of the same platform, to wit:

• Drive competition;
• Different operating places in several countries;
• Offer different services/games on different themes; and/or
• Cater to different customers

... and the list goes on!

Sometimes, when you see lots of online gambling platforms, it somehow scares away potential business owners to create a new one- it is like artificial fear in a way that you try to drive away people from coming in the same business.

In some countries, the law on gambling varies as there are a few who have strict gambling regulations while there are others who are lenient for such operation. At the end of the day, every gambling platform is designed uniquely on everyone's taste. There is no "all encompassing" feature that will attract all users to one (1) gambling platform- that is the reason on why there are several platforms being created with their each and own design.

It's just like any other business that expands and creates new brand for them so that the other customers that haven't reached yet by their first casino might still go for the other one that they've made without knowing that they're also it.

Some of them might be targeting new other customers that haven't been into the region where they operate. So it make sense that their expansion targets a new variety of customers from the other regions that they haven't been yet.

We see all these things also in the other business sectors where a known company expands and makes new name and products.

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.

Casino owners gain a lot from owning multiple casinos. First, a larger number of casinos can increase market reach. With widely spread locations, they can attract more customers from various regions. This means more people will visit one of the many casinos they have. The second advantage is risk diversification. By having multiple casinos, they can reduce the risk of losing revenue if one casino does not perform well. When one venue may not be making the expected profits, another casino can shore up and provide a steady source of income.

Additionally, having multiple casinos also opens up opportunities for synergies between their properties. They can use one casino's experience to improve other casinos, share best practices, or offer promotional packages to customers who could potentially use their facilities. These are all ways that enable casino owners to increase operational efficiency and maximize profits from the portfolio of casinos they own.

Business owners want to spread their business not just from one casino, but if possible, they will create more than three casinos simultaneously. They know that the crypto casino business is growing very well and even if there is government supervision regarding crypto casinos, it will not have much impact on their business. If they can spread their gambling business into several casinos and everything runs well, that means the casino owners can get additional profits that will get bigger over time.

The operational costs may be greater because the casino owner has to handle all the casinos simultaneously. But with the experience they already have, they will be able to handle it well and get the attention of the gamblers.

nice one bro, Diversification of business helps reduce risks in business operation and also gives a business owner capital and property security in events of law preying on his investments. Legal actions may be pressed on one, while the other operates freely, since they're registered differently with different boards of directors and shareholders, the shutting down of one business has nothing to do with another one. Secondly is testing out another business niche, or business expansion strategy. There are other business effective reasons why this decisions have to be made and I think Businessmen likes diversification a lot more than rigidity. Sometimes, a company policy that cannot just be changed immediately to a new one, and the new one is viewed as very practicable can be explored under a new company to stay very much competitive in the same market and reach out to a greater audience.

It is industry practice and can be done in any industry, especially in the gambling industry, we all know gamblers are experimental they want to see new interfaces and new games and explore their luck on other platforms and they can easily trust other casinos with association with casinos that they've already played and trusted, there are advantages and disadvantages but the advantages outweigh the disadvantages if the casino can build their brand and their reputation and the disadvantage is if one losses its reputation the other one will also lose its reputation.

They can easily make a quick profit once they are up and running because the new casino all has to do is connect to the existing one, it will partake the trust reputation and brand of the existing one, making the new casino's operation smooth.

I disagree. Having various casinos could seem expensive, but it's actually smart business.  When companies set up multiple gaming sites, they expand their reach to hook more players.  It's also a chance to try out new games and strengthen their rep.  So while it requires some initial investment, operating different casinos can pay off down the road through bigger profits.   

I mean think about it and  more sites equals more visibility and more hype surrounding their whole brand.  Even if some of the ventures don't totally pan out, the wins they score still drive up overall revenues.  It allows them to cast a wider net, if you will.  What may appear costly on the surface can actually demonstrate some business savvy in the grand scheme of things.

I'd consider it a form of monopoly. I'll start with an example: most eyeglasses and sunglasses are made by one company, Luxottica, so if, for instance, you bought the X brand of glasses and decided to switch to another company, for whatever reason—price, quality, you name it—you're thinking that you're avoiding X by purchasing Y, but in reality, you're buying from another subsidiary of one huge company; you're just not aware of it.

So in theory, this is extremely similar to what the OP mentioned. Now switch eyeglass brands with casinos, and you cannot tell the difference. If you're not satisfied with one casino, have troubles with their KYC, or aren't satisfied with their bonuses, you switch to another one, but in reality, it's owned by the same person. That way, you're having multiple income flows, and there's a decent chance you're not actually losing your customer if he abandons your platform for another.

It sounds plausible to me, at least.

Owning a casino is strictly for business and the  owner of this casino will fight hard to make sure he remains in the market in  the longrun. Creating multiple casinos is simply a strategy the owner uses in order to dominate the market. They want to make sure they join forces together to fight off any form of competition and be the market leader. Ofcourse we know market dominance means more patronage and more patronage guarantees more profit. If while doing this,  the casinos owner notices that he is incurring more running costs/losses  than gains, some of the casinos or the casino with the more running cost would have to be closed down. All these can only be achieved if the state where his casino is sited permits one person owning multiple casinos.

This is simply scaling the business, more players, more profit.Different platforms can have different games and different bonuses and other benefits, and only one owner will have profit from all projects.
It’s like with gas stations, one can be in the city and the second one can be outside the city, and both of them make a profit and have occupied their niche and have their own regular customers.

I believe that there are several reasons why online casinos create various websites. Firstly, each website has different content and caters to a different audience. This means that the target gamblers vary depending on how the online casino is built. Secondly, they might be diversifying their business by creating new branches, much like opening a new location. Lastly, they could be following the gambling policies of the country where their target audience resides.

This practice is not new and it is not happening only in casinos. I've witnessed such in trading/investments, Options, Casinos, phone companies, insurance, financial institutions and loan companies. They all do this for the same purpose, which is to maximize their profit. Does this this work? Oh Yes, it works. Imagine having a single company and running it successfully, there is no way you can make more than the success of that single company could take you. And this doesn't mean that a rival company will not be making money as well, this is why some companies will pretend they are rivals to make the money. This is happening so as to make additional money in the disguised form of a rival (same as what rivals would make). And since they are two different companies by a person/entities, there must be different management, and that management is saddled with only one goal, and that is to deliver and be profitable.

For this, they will find all the means to do the marketing and get the business running. In all, this is a win-win for the parent company, and it will be better as though they are running a single business. When there are many resources for this, I don't see anything wrong with any company to have another presence in the same field. A lot of the investment companies you see all over the world are owned by a parent company, that goes to oil and gas companies and many of them. This is to divide the efforts and let the management of each division work hard to deliver separately and bring the money home to the major owner(s).

You can see how this has worked well for the company that owns Tecno, iTel and Infinix. It is just a strategy to earn more money under the guise of a different company. This will indeed work well in casinos as well, you know people love to have multiple casinos, so the one that never considered you in your main casino might consider you in the other one(s) owned by you.

Their approaches to users, or more directly, if you are an owner, you will also want to expand the market share of the service you provide. There are some things related to taxes, but I think it is not significant, also like services to reach the areas they want to focus on. I don't often use many platforms, so I'm not too concerned about who is behind it all, but I have also come into contact with some people working in this field (illegal platforms). They are forced to do it to avoid investigation from regulators, but it is not sustainable and often stops working. It could also be because the market share in this field is so large that the owners want to dominate more, similar to how some products in the cryptocurrency field, we all know they are built from one source. But diversity is a way for them to exploit money and reach many people.

IMO, running more than one casino may not actually increase their operating expenses, although from the start it definitely will cost them some money, but they will still recover every funds they spend plus continual profit after they have started operation fully. From what I think, running more than 1 casinos could be a business strategy for them that they think helps them win competitors, and another is that if their first casino (A) has some good features, their second casino (B) could also have some best features that are better than casino 'A'.

Conclusively, if a casino owner is not very profitable in their first casino, they wouldn't have any need to open a new one but rather will develop the first one to the standard where it generates profit and meets the expectations of gamblers. If it is also not a very profitable strategy for them to do, they will not do it. Also, I don't think such a business strategy is illogical as long as they are not failing to follow the rules of running a casino, nor are they engaging in fraudulent acts at their first casinos that neglect the documents of operation.

As a little example of what I have said, the Apple company has different models of iPhones. The first iPhone was the iPhone 2G (iPhone 1), but they have successfully grown to the latest model, which is the iPhone 15. There were minor differences in the features of those different models of iPhones. Now let's look at it in terms of running two casinos. If the first one has some good features, the second one will have more great features than the first one; it definitely will not be the same thing. A bit of a strange example, right? Maybe not. 

I think there is no difference from opening many branches for one casino business patent name, for example for culinary businesses such as McDonald's where you can build many branches to increase profits too, but in casinos they don't need to create branches everywhere, just create a casino name. being different is good enough, even though they have different names but being owned by the same company is actually profitable.

The higher the operational costs means the greater the income they get too, if their income is small it is certain that they will not increase operational costs by building another casino business, if they do that by building another casino business with a different name but one company I think they really has a lot of money in revenue from the casino for the company.

Sometimes casino owners do that to take advantage on the situation and eliminate their competitor in the scene since they usually make their satisfied player that if they are seeking for alternative casino they have other site that has something new to offer. That's why usually they create that they usually try to make it running so good so that they can maximize their profit so don't get surprise about this since as long as they are legitimate and can able to provide good gaming experience then its really good to us since somehow we are the one who can benefit it especially if they are running a multiple campaigns then it give us huge advantage since for sure we can all enjoy it.