Topic: Why don't land-based casinos have an online version? - page 2. (Read 440 times)

My guess is, maybe over time and some of the technological advances that we see currently being used by online casinos, I believe physical casino innovations are made into online casinos, sure to increase users and in line with the progress of the online gambling industry, maybe they have thought about that, maybe a different brand of casino, founder of a one-man casino physical casino or online casino.

I think that currently many physical casinos are switching to online casinos, maybe we just don't know what physical casino owners are actually doing.

The reason is they are using different brand name for their online casino. Physical casino usually owned by a group of companies focus on gambling. They are investing on different casino ventures online while still operating their own land based casino. You can verify this by checking the owner of online casino since most them is venture companies for gambling.

It’s contradicting for them to launch their own online casino with same brand since their customers might just play online and make their physical investments worthless.

Land-based and virtual casinos have different business models, as the formers can monetize offering different (lower-paced if you want) services like drinks, shows, (weddings? ). Online casinos, on the contrary, can offer their services to a massive public, so even if most of them only play a few cents at a time, it is profitable.

To me, I still think that a hybrid between both worlds is not only possible, but the future of gambling.

An online version of land-based casinos will take a long time to launch because games in land-based casinos can be slower than online casinos. Here, the gameplay speed depends on various factors and cannot be increased only by the gamer's own will. Online games are not only convenient but also as fast as possible. By running the virtual reels you can always increase their spin speed or even turn on auto-spin mode with preset loss and win limits. Even if the user chooses to play online with live dealers, they will still do everything in half the time compared to land clubs. Land-based casinos allow fewer stakes. Compared to playing in land-based casinos, online games pay higher.

It is understandable that both offline and online casino are not serving same purpose, most play online because of the privacy.

I understand this point probably because of the incidence of scam where online casino just disappear without trace, at least if they had offline casino then they wouldn't disappear like that into tin air without any trace. I think to play in more reputable casino is more trusted than new ones, casinos like stake have been there, tasted and trusted with personalities that identify with them.

Quite a difficult question for me to answer. the thing is, I've never tried to find out if a land-based casino is also building its business for online casinos. Maybe yes, but not all land based casinos are operating at online casinos. As for those who have a business in the online gambling sector, it is very likely that the online casino they have is fiat-based. Or it could be, if a land-based casino owner participates in investing in an online casino. but for sure, we do not know it. After all, even if there is a reputable land casino and they also have the idea to build an online gambling platform, it is not certain that they are interested in building a crypto casino.

Referring to the points you said, it's not something new for us if some online casinos cheat their users. if that's the point, I think cases like that could happen in any casino. and it's not just the case with crypto casinos, in fact there seem to be plenty of rogue online fiat casinos. actually for me it's very simple, if we in the community have several casinos that are licensed and trustworthy, even have a credible reputation. So, for me, the casino we have here is more than enough.

If they are successful in land based casinos then why change your business model? Yeah for sure having a online version might do as much, but it's not going to be easy as people traditionally loves to go to land based and have that kind of experience. And now that we are allowed to gamble to land based, then for sure, they are making a lot of money again day in day out and could be in the momentum to at least recover some that they lost in years due to pandemic. And then we have jobs as well inside and even outside of the casinos. So it doesn't make sense for land based version to have their online today. They are already good and their businesses are booming again with their traditional based casinos.

That's just their choice, sooner or later there's will be a casino which have land based and online version.

The biggest reason why land based casino don't want to launch the online version is there are many online casinos better than them. Land based casino is strict and will ask you to submit KYC during registration or before making deposit, while crypto casino will let you to gamble without need to verify your account.

Everybody has their own market and I think when you focus on land-based casinos then when you create something new with the online version it's going to divide fans and I don't think that's good. On the other hand, the need for more people to do this makes them spend more on salaries which makes them have to rethink.

They realize this is bound to happen so it would be better to do one of the land-based or online casinos right (not both) because of course competition, expenses and customer division are the worst conditions for doing something like that.

During the pandemic, there was casino's at least in our place that you can play with them, online. I mean this is a traditional based casinos, but since they are close, they decided to have a online version of their casinos. How do I know? they send emails back then to their customers saying that you can still play with them, but the catch is that there is minimum deposit like $100 if my memory serves me right. Didn't play though, and waited till everything is normal.

But perhaps what they don't have to have their own online version is that it might be hard to maintain. You already have billions of dollars in land based casinos, so why complicated things and open a online version wherein there will be overhead cost and there are a lot of competitions specially from crypto based platform? Doesn't make sense in a business point of view.

There are still many gamblers that prefer going to locations to gamble, for fun and for money making purposes, if a offline casino is doing well they might be occupied enough not to have time for online casino, because both won't be able easy to manage anyways, it will even cost more to set up an online casino, I think this depends on the owner, if they feel they can handle both then they can do it.

I do know that many offline casinos are own by businessmen, and they also have many other businesses apart from the casino, so it depends on the person that own the casino and what they want or plan to do, but it's not going to be that easy.

This is an interesting perspective- you are indeed correct. Most of the physical-based casinos have yet to open or start their respective online counterparts. I am also wondering on why they are not capitalizing on this opportunity given that they have established themselves in the community as a legit business.

Maybe one of the reasons on why they are avoiding creating an online gambling platform is because they want to persuade and convince their users to personally visit their physical casino? Maybe the proceeds of a person visiting their physical casino is greater than what they have forecasted in the event that they create an online platform?

To be honest, they are somehow missing international customers from accessing their online gambling platform which can greatly increase their overall revenue.

you touched on a very interesting point, I believe that the problem that makes the majority of physical casinos not choose to also have online casinos (I saw someone saying that there are physical casinos that also operate online casinos) is that when you create a physical casino, the owner of the casino does a feasibility study, they know that in a certain city and neighborhood there are people from the middle class upwards, there are many people over 18 years of age, there are many people who like beer and other alcoholic beverages, there are people who like luxury and spend money on expensive things. therefore, the person responsible for the feasibility study recommends that a luxury casino be placed in that neighborhood

once the casino is built, the owner has invested a lot of money in the casino, he has employees and he has operating costs and he also creates a customer base and offers a type of service that becomes something exclusive and because of this type of exclusive service that makes so that people from that city and neighborhood always frequent the physical casino, so far everything will be going well, but if the owner of the casino creates an online casino he will make that part of those people who attend the physical casino stop going to the physical casino and keep playing in the online casino, this could make the operating costs of the physical casino unsustainable because the revenues would be lower due to the reduction in the number of customers

and also the owner of the physical casino could not take the profit of the online casino to cover the operating costs of the physical casino. this reasoning of mine also applies to an online casino that wants to have a physical casino, having both casinos requires a greater feasibility study and a good business and management strategy.

I know some online casinos that started their journey offline, but as Time Goes On the online casino income is not enticing for them to keep the business online Alive so they abandon the online project and focus more on the offline casino and I think this depends on how they manage their businesses and the end results will vary so it is normal if a project progresses online and performs very bad offline or vice versa, they only need to try it out and see what happens, you can't predict the outcome of a business until you try it out.

Even if you have a working product it doesn't mean that the world will welcome the product and your company will start progressing, there are cases where the world abandoned products and the business folds up, it is normal.

Any business can flourish online and perform worse offline, or performs worse online and more progressive offline.

Of course land casinos and online casinos are promising businesses and both will soon be present in one casino place, it's just that it may require a process that is not easy and also time consuming.
and maybe for another reason land casinos are still in great demand and are also still profitable and because there are still many land casino enthusiasts compared to online or virtual casinos because online casinos have no social interaction.
and one of the biggest drawbacks of online casinos is the lack of social interaction. Players cannot interact with other players or dealers directly, which can be a drawback for some who prefer a social atmosphere when gambling. And since land-based casinos are still very profitable, it may be a consideration for casinos to provide online or virtual casinos, maybe one day they will think about that.
and for another reason it may be due to technical issues if something goes wrong due to internet use and they have to think about and study it and also legal limits.

Maybe this is related to the issue of permission to add various kinds of gambling games that offline casino voters have not yet known, so not many offline casinos have expanded their business by creating online casinos. But if they can connect their offline casino and online casino, that will obviously make their gambling business even bigger because the users are local and foreign gamblers who also play at the casino.

But connecting a business from offline to online is not easy and may require a lot of preparation to be done. And the owners of offline casinos don't want to think much about it and as long as the offline casinos can still make a lot of profit, the casino owners don't want to make their casinos online yet.

I'm sure there must be casinos out there operating in both the online and offline (land based casinos) sector, it's just hard to find them with valid data. But if we talk about security where there is fraud or something like that, we can easily ask for the location where the casino is. Therefore Online Casinos try to avoid such things, even though they have no intention of cheating gamblers in the first place. Then to maintain the principle of previous casino history where land casinos make activities more stressful, interactions between fellow gamblers are more realistic and can identify each other, whereas if we look at online casinos, they are individual and the level of cheating is higher if we play at the wrong casino.

Yes, and usually a businessman who has a casino business must have another business because the majority of business people will never be satisfied if they only have one place of business.
But so far regarding land casinos, I have also never seen or known of any land casinos that have virtual or online versions, maybe due to a lack of a team or more budget because running two casino businesses at the same time definitely requires more teams working and budget to develop both the business.

But if you look at the development of the gambling industry, the virtual or online version is developing much faster and more rapidly.

There are some land base casinos in my country that do operate online, or should i say all land casinos in my country operates online, most people prefer to gamble online, some people don't really like visiting gambling house when they want to gamble, they prefer to gamble at their comfort zone that's why most land gambling sites decided to create online version, to attract more customers, but the problem is that they only accept fiat currency and i haven't seen anyone that accept cryptocurrency, but am sure with time well come when they will start accepting cryptocurrency.

If the casino owner will have both a land based and an online casino, then what's the point for the gamblers to visit the land based casino?
Most of the tech savvy gamblers(who are using PC and smartphones) would stick to the online casino, so the visitors of the offline casino will decrease, which might lead to financial losses. The cost of maintaining a physical casino is way higher than the cost of maintaining an online casino.
Is there a guarantee that a physical casino owner won't scam the users on his online casino? Why do you think that land based casino owners are more legit than online casino owners? I don't see any difference.