Topic: How do casino owners benefit from creating multiple casinos? - page 6. (Read 711 times)

I agree with you on your position that there must be something different if an owner opens two or more online casinos which is suppose to bring a different spice to gamblers like I also contributed in my earlier response.

Yes casino is a big business because the house edge is always operational to the favour of the owner and yes there is really a low level winner turn out but to give a figure of 3-5% as the rate of winners is my concern to confirm if a survey have been done on that to assertain the authenticity of that or you have a link to where that figure is found?

It is surely a fact that there are more losers in gambling than winners and that is a contributing interest for people going into investing in casinos.

They already control their territory, they already know how high the waves are, so making lots of businesses connected to each other will provide more profits. With more casinos being created, more and more players can be accommodated, and they will also move to casinos managed by one company. Everything is mutually sustainable, if one is blocked or has problems there are still a few safe casinos that will change the rules so they won't have problems like the others.

For those who are into casino business it is a business that is profitable even if they spend enough money to pay tax to pay federal government and other bills. People will always play gambling, the total amount of People who plays gambling it is possible that only 3-5% winners can come out. Gambling owners feel having several casino is a good business with good profits, and in all this casino their are somethibgs that is different from the others that gamblers will prefer to go for the other casino than others. It could be paying method, graphics design or anything all.

Your plan is an investment. Its about finance, brand recognition, and operational skill. A symbiotic relationship: Y gives funding and industry expertise, while X delivers new ideas and expansion chances. Strategic growth - not opportunism.

Its important to recognize risks. The gaming sector is fickle and requires careful planning. Y must analyze X's market and regulatory issues before investing. Both casinos must consider long-term profitability as well as immediate earnings.

My view is that this strategy is smart business. A calculated risk with big benefits. Casino operators like Y can survive in a competitive market by diversifying and innovating. It's risky, but casino ownership is high-stakes.

It does increase operational costs, but this can all be overcome with the profits from the first casino. and that will help the growth and development of the entrepreneur's new casino.
there is no problem with any of that. they only expand their business source of income. They spend more to produce more. but what is clear is that maybe they can build a casino with different types of games from one casino to another.

I think business ideas model from gambling platform owner by creating multiple casino, they want to monopoly the market and there are not competitor yet by creating with different casino gambling platform. I think the owner of casino platform have good business ideas and he know potential of gambling and casino platform in the future will be more popular, creating multiple casino or gambling site give benefit for them when some gambler tired with one gambling platform he will try the other of gambling or casino platform but still with the same owner.

Such as food business when your food shop have been grow up you will open another shop food with modify some menu how to make the costumer keep interested with your other shop food.

This is not a question for gamblers, it's a simple economic question. Why do some businesses have stores in more neighborhoods, cities, and states? You expand your business and you provide your service to more people. You increase operating expenses, but you have more customers and higher profit. I guess what is even more important are the accountant's troubles, depending on the license and games some casino owners can find it easier to have more casinos where each of them will be for a special area.

I think we can say that once they make a name and a nice bankroll it's simple for casinos owners to expand their businesses. Since crypto gambling is gaining more popularity every year that seems like a pretty good move.

Compete with themselves or they are avoiding the congested server in one website. Another reason, some gamblers are looking for something new or maybe they want to refresh and try a new one. So other gambling sites of the same owner will be the ones to catch them.
They use this kind of strategy in markets. Wet or Dry. It doesn't matter. There's one owner that I chatted with regarding this but I didn't ask that question of why he does that.
The same strategy, he has 10 stores in one market and they are just meters away from his first one. 4 stores have the same items from T-shirts, shorts, school uniforms, and other items that can be worn. The other 4 stores are selling bags and shoes, and the other 2 are for accessories. But he said it's not enough although they are not that far from each other. Different stores same owners, because they know that people are not trying to find a good product at the right price. Little did they know that the buyer was just purchasing from the same owner which means the same item quality.
Monopolizing. I think that's the right answer to that. But I am not brave enough to ask that kind of question as in my opinion, it could be disrespectful to him.
I think what gambling sites are doing is the same. If they still have the riches, then why not? They can keep on making more gambling sites and we cannot argue with that. It just means they will pay more tax.

Not a gambling expert but here's my first thought about this topic. As you may know, there are different places with different gamblers all over the world, imagine you only have one and your scope is around 500 players and if you open a different casino in different places you can have additional new players and with another income, as simple as that. If you are thinking about online gambling site, I think it's like a franchise? maybe they need to buy a license to the main casino to open a new casino under their name, something like that but to make it short, I don't think that they are not earning, after all they are businessman if it is not profitable, they'll definitely closed it.

Like the project we're currently promoting as the example.

I guess they want to try does their sister site is more popular than the parent site because casino can become popular with their logo and names.

But I like the promotions by Bitcasino because they use domain based on the games/services they offers.

Bitcasino, it's for slots and in house games.
Sportsbet, it's for sports bookie.
Live casino, it's for table games.

I don't think opening another casino by existing owner of a casino is a problem or challenge, it is just a matter of diversification like in any other business that exist offline. If it were offline gambling or casino shop I would say is a normal thing for an individual to own various gambling shop if they have maintained regulations like distance from each other. But for online casino, it is also not an issue, it is for business sake whose main purpose is for profit and it is viable. They would have a little different interphase operations that will make one alternative to one and a choice for the other one. So it is not a business aberration.

I'm not sure if this has been answered but my answer is just from my experience.

Isn't the effort that casino owners put into owning these many casinos like an investment?
I mean this method is very profitable for popular casino owners to collaborate with other projects or companies but still use it in the name of the big casino owner.
for example, casino owner Y has a casino that is already running successfully and has large traffic and there is a company X that wants to build a casino but does not have enough capital and build a new casino that is owned by X but with the condition that casino
and casino Y efforts to acquire casino X despite spending a lot of capital, both parties Y and

well, business like this has actually been done often for a long time, even in gambling or casinos, things like this are very profitable for both parties and it all makes sense because even though casino owner Y incurs operational costs, in the long term he gets very big results.

That is one of the strategy used by some business owners to create competition in the sight of their customers  to attract more customers. Beside when it comes to the gambling world, most times we feel staying in a particular casino for long is the reason we're out of luck and then we move to the next one to start afresh with. Most time we find lucks at th beginning of a new discovered casino, but the major truth is, it's just a way of tricking us to continue in their circles of casino.

It happens if the company is having a successful run and want to diversify its business and it may create a different design with additional games just to make it more different from its mother casinos but putting its name and expertise into its new casino

Not really, they can double the profit, The majority of companies and business-minded people are doing diversification, it's easy for a successful business to set up another business venture because they have the funds, the brand, and the expertise to do it.

Each of these casinos has each own unique circimstances and reasons for doing this. A casino operator might not be comfortable with the relationahip with their current business partners and they might decide to open a new casino with new partners or new in investors.

I think that was one of the reasons why Eddie from Stake.com, opened the new site. There were other business partners in PrimeDice ..where he was also involved. (I think I read somewhere that there are a court case about this, where one of the previous partners that were excluded from the new venture.... are claiming that it was his idea.)

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.

gambling sites usually have their own markets. for example primidice and stake I know one owner. and both can run all. stake completes the game that primedice does not have. for example in sports betting. and primedice is branded as a dice game site. stake casino that all gambling games are there.
essentially rebranding to add a larger consumer base.

A business owner does not wait with just one business. He tries how he can further expand his business by creating more businesses. But what we generally understand in the casino business is that the site that can offer the maximum benefits to the customers will build the trust of the customers towards the site. There will be plenty of gamblers. But why the same owner try to establish another casino site. What seems to me in this answer is that it is nothing but a strategy. Because no matter how good the service is given to the gamblers, there are some gamblers who do not support it, they will find another site, maybe alternative sites can be created for them. But since gambling sites have unlimited business opportunities, it is better to well establish a site. A businessman will understand better what is profitable for him.

This practice is not only peculiar to casinos but applicable to other businesses and the answer to your question is very simple. This practice is an attempt to diversify their business and as a way to target different markets or demographics. In the case of casinos, the owner might have different visions for each casino or probably different ideas about how they should be run.

Just do the analysis yourself when you have different brands or branches of your companies across the country and see how profitable it can be if well managed. Having multiple casinos allow the owners to capture a larger market share and also give them the ability to test new ideas in a smaller environment before rolling them out to all their casinos.

Multiplying crypto casinos? It's strategic diversification at its best. Consider that casinos serve diverse demographics. Some target big rollers, others weekend gamblers. Broad strategy to delve into gamblers' broad psychology. Maximizing reach and income is business 101. The perceived operating expense rise?Though risky, what element of the gambling business isn't?

And finally: brand expansion. Gamblers perceive choice when many casinos are owned under different names. It looks like they're leaping from ship to ship, but they're merely walking over decks. This cunning ploy keeps clients in the same business network and deters competition. It's clever, not illogical. Operating costs? A necessary cost for market domination. They're playing the game with a full deck