Well yes, they are too generous giving a lot of prizes and I guess there is thousands of dollars every week they are going to paid contest and their signature campaign. This is a good initiative of their staff, they are not focusing on getting profit but instead, they give back to the community in the way of having a contest.
I guess the owner of this gambling company is too rich enough. This is how to manage a marketing strategy, they are just like fireworks, the more spectacular big and colorful exposure the more gambler will lure to them and register on the site.
I guess the owner of this gambling company is too rich enough. This is how to manage a marketing strategy, they are just like fireworks, the more spectacular big and colorful exposure the more gambler will lure to them and register on the site.
I don't think the owner is rich enough, giving a lot of prizes and promos is just a way to attract more people. There a lot of legit crypto casinos, who exist a lot longer, so you need to stand out and offer something else compared to the competion.
Does anyone has received more information about the new rakeback system? There seems to be a lot confusion about it, but is interesting information for a lot of players
. But, I do not think you need to spend tens of millions of dollars into a casino to make it like this. You just spike up the house edge and instead of making 1 million dollar revenue and 500 thousand cost for a 500 thousand profit, you end up with 5 million in revenue and 4 million in cost for a million in profit.As you can see the latter is actually making more profit, but it also spends a lot more as well, it all depends on how well you can do marketing. They are doing marketing with giving away most of the revenue, however they also do a lot of marketing by putting up ads everywhere as well because you can be giving away 10 billion dollars if you want but if nobody knows whats the point of it?
It usually means partners, co-owners and co-founders who would be part of the equation and also investors as well who wouldn't be hands on but would give money to you do to what you do and get money back from you when they can. Hence what I believe is the logic of "owner must be rich" is quite true, but not in the sense that there is a rich guy somewhere in there, it just means there is a whole business behind it with multiple people and also investors who all came together which made the casinos starting capital rich.
. @mu_enrico nailed most of them right