Why don't land-based casinos have an online version? - page 3.

kotajikikox

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Quote from: GxSTxV on August 06, 2023, 05:57:53 PM

I wonder why real or land based casinos are not offering a virtual or online version of their casino ( I never seen one yet). If they can afford to open a physical casino it seems easy for them to invest in a virtual one as well, possibly combining both to create an experience similar to what Evolution Gaming offers.
And if you are asking why i thought about this it’s simply because by doing it they can expand their business to reach and provide a more reliable and trustworthy platform for gamblers. Just recently we have seen unfortunate cases where online casinos have scammed users and disappeared with their deposits, often due to unknown teams and creators behind these platforms

there are two territories the Online and Land base casinos, I think this question has been tackled before and the answers are almost the same , why do they need to have both when they can own one?

or who knows that those Land base casino owners are not owning at least one of our Online casinos?

for me , casino owners are deep into it , so every form of gambling that they can generate money will surely the objective, so maybe they are having but not operating in same name as they can have less expenses in taxation in Online casinos.

iv4n

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Quote from: Porfirii on August 07, 2023, 12:04:49 AM

It is not true that land-based casinos don't have online versions. In Spain it is very famous the Gran Madrid Casino which has not only several buildings in the capital city but also online gambling (mobile, desktop and even television, at dawn, in one of the main tv channels in the country).

I guess that for many legacy casinos whose business is still profitable it is simply much trouble to open different channels, but I think that there is no doubt that future generations will demand more and more online services.

I think that in Serbia all land-based casinos have their online versions... but I am not totally sure about that, it's what I am picking from all the commercials around, I gamble only with crypto.

I agree with you that there will be more demand for online services in the future, but some legacy casinos will keep their doors open for people who like to visit land-based casinos, and there will always be people who prefer that over online gambling.

bittraffic

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Having a brick-and-mortar casino and also an online version will probably make the laundering very easy.

But regulators will likely be watching them closely if they try to have an online casino especially if they accept crypto. And it will need another license as well which is not going to be easy to get, unlike the usual Curacao license. And then they will be training new personnel which will be handled with a more technical CEO. I'm also not sure if there is an existing casino with such setup already but I'm sure they do have plans to go online.

piebeyb

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I think land casino owners own online casinos too even they won't have just one business of course there are many other businesses like building hotels and other entertainment places around their land casinos logically do you see online casinos have a lot of money where do they get it if not an online casino owner as well is owning a business in a land based casino as well.

There's no way you'd see a big online casino even survive today if they're not a rich person or have a business in a land casino, for example since the covid pandemic why did online casinos increase I think land casinos switched to online casinos and they're the ones who built it since today they probably run both and even the other business. Cheesy

swogerino

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It is because they target different kind of "customers"/players.While offline casinos offer better options for people of a certain age that they want to see women around them serving them drinks and food as perks for following the casino and other type of benefits the online casinos target a completely different type of players,the ones who love to play when they are alone and they don't want or feel really uncomfortable playing with a lot of other people around them and this is why I believe we have not seen yet one offline casino to open an online version of itself.

michellee

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They might still feel comfortable with the offline casino so try virtual or make the casino online to provide more users visiting the casino. But it's only a matter of time for them because, amid the current development of the internet, you can take advantage of internet technology to grow your business even bigger. And there may also be some offline casinos trying to develop their casinos into an online form.

If offline casinos can make a virtual version, of course, the source of income for casino owners will increase, especially since we know that there are more and more online casino users nowadays. So the benefits that casino owners can obtain will also be even greater.

A wise casino owner will look at all possibilities to grow his casino even bigger. And the unlimited capabilities of the internet can give the casino the ability to have more members and that means bigger profits can also be obtained.

bitbollo

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those who frequent a live casino are not the typical frequenter of a virtual casino.
there is a strong difference between the two activities and although some brands are "strong" in the area or for a certain circle of bettors, for others they would be completely unknown so the advantage of having a strong brand practically no longer exists.

in my country there are just few "house of games" (in Italy casino are called in that way) but no one has a brand... and yes I know some famous international casino but they have something like zero appeal here ....

noorman0

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It is not a simple transformation and definitely requires some complex considerations such as:

- Legal and regulatory licensing processes: You shouldn't dream of expanding your casino into the online space even if you own a physical casino in Singapore.
- Adding new resources is expensive: of course it will take some time to bring in new credible people and substantial funds for new facilities to support the company's expansion.
- Interest in competition, market potential and risk of cybercrime, etc.: Actually, this consideration also looks at the facts of competence of new resources.

Don Pedro Dinero

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Quote from: Porfirii on August 07, 2023, 12:04:49 AM

It is not true that land-based casinos don't have online versions. In Spain it is very famous the Gran Madrid Casino which has not only several buildings in the capital city but also online gambling (mobile, desktop and even television, at dawn, in one of the main tv channels in the country).

As far as we can see, this is not the most common thing, but it does happen as you say. I had also thought about the Codere group, which is not exactly a casino group, but rather a sports betting, bingo and the like group, which has both an online version and physical premises. In the online version they do have casinos, but I don't know of any physical casinos that belong to them.

Kakmakr

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I know some "brick n mortar" or land-based casinos like you called it, created online casinos during the Covid period. There was quite a few of them that popped up during that time and some of them even implemented Crypto currency deposits.

The operating cost of "brick n mortar" casinos are much higher than online casinos and people got a taste of the convenience of online gambling, so the demand shifted to a virtual experience and not physical casinos. Tongue

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Quote from: romero121 on August 06, 2023, 06:08:42 PM

People who are used to the land based casinos might end up spending time in the physical casinos. The online version might not give them the experience they get from the land based ones. Somehow the gamblers will feel lazy and starts spending time sitting infront of the PC or some other devices for their gambling needs. When it is land based casinos the money is not just out of gambling, more business happens around and the gambling House doesn't want to limit it. In recent years during the COVID lockdown more land based casinos had their online version, but those were stopped once after the services resumed.

Well, I don't think this stops them from running an online version of their casino if they really want to, the more reason I think land based casinos are not really interested in having an online version is simply because of contentment, building, operating and maintaining an online casino comes with great responsibility and expenses, you will have to pay software engineers, security experts, data analyzers, programmers, hosting services and so on, you will still have to hire and pay customers service personnels, and on top of all this expenses, you will have to spend millions on marketing and still worry about gaining customers, and also consider that there is a lot of competition amongst online gambling casinos already.

If you combine all this ive mentioned and many other i forgot to mention, you will discover that operating a land based casino is way easier than operating the online version, and when some of those guys who own a land based casinos consider all the facts, they are like "i am already earning enough more from the based casino, why the stress of trying to open an online version, that money could be invested in another business entirely outside a gambling casino".

Porfirii

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It is not true that land-based casinos don't have online versions. In Spain it is very famous the Gran Madrid Casino which has not only several buildings in the capital city but also online gambling (mobile, desktop and even television, at dawn, in one of the main tv channels in the country).

I guess that for many legacy casinos whose business is still profitable it is simply much trouble to open different channels, but I think that there is no doubt that future generations will demand more and more online services.

Sim_card

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Having both online casino and land based casino will be too much to manage. Moreover the land based casino are enjoying their business because they are making profits from different source like drinks,hotels,strippers and many more. It is not just gambling alone but you can interact with people and have fun by enjoying the atmosphere of the casino which will make you want to go back as a gambler. Online casino needs much resources to set up and if you don't accept cryptocurrency,it might be a big challenge for the casino. Land base can accept any currency as long as they are cool with your payment method because you privilege to talk to the management face to face. Land base casino can be used as a tourist center.

aioc

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Online casinos are getting more popular but land-based cater to specific markets, for example in Macau they go here as a tourist and a gambler at the same time.

In my country, our government operates the majority of land-based casinos since they are government-operated, it's also an income and job-generating industry so they prefer to concentrate on land-based compared to online casinos where they can employ a small number of people, and they have full control of its reputation.

QueenVera

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Quote from: GxSTxV on August 06, 2023, 05:57:53 PM

I wonder why real or land based casinos are not offering a virtual or online version of their casino ( I never seen one yet). If they can afford to open a physical casino it seems easy for them to invest in a virtual one as well, possibly combining both to create an experience similar to what Evolution Gaming offers.
And if you are asking why i thought about this it’s simply because by doing it they can expand their business to reach and provide a more reliable and trustworthy platform for gamblers. Just recently we have seen unfortunate cases where online casinos have scammed users and disappeared with their deposits, often due to unknown teams and creators behind these platforms

In my opinion I feel, maybe the owners prefer a kind of casino business where people come together and interact in physical while they stake on different games, most times it's very entertaining than the virtual casinos, also based on the more entertaining Benefits this system offers it's very beneficial in the attraction of tourists to come have fun and most times these casinos own a night club and hotels that people could have more fun with thereby making more profi.
However since the introduction of technology into gambling there came the introduction of online casinos where people could stake comfortably with their device at point in time, so few land casinos have also included online casinos in their company to follow the new trend and attract customers that are not opportuned to visit the casino due to some circumstances.

Reid

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Others have. Like BetMGM which is MGM as land-based casino and hotel. While others use a different name which I don't know what the reason behind is.

Why don't they maximize their service in online platforms? I think that is the big question here.
That's because they also want to maximize their profits in hotel and resort which is a big part of the business. The casino is most likely just for entertainment and leisure. Businesses who only focuses on casinos are most likely to not recreate their business thru online because it will require more documents and I believe another additional tax.

ralle14

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I know a few casinos that have both, but not all are willing to start an online casino because it's not easy to replicate the same success they've had on their land-based casino. I remember seeing a couple of screenshots coming from random gamblers because there's one casino that is somewhat popular in my country, but the online version isn't any different from what crypto casinos have to offer. They wouldn't have a problem launching their online casino, but it could be a thorn in their side if the online casino isn't making enough profit in the long run.

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Quote from: romero121 on August 06, 2023, 06:08:42 PM

People who are used to the land based casinos might end up spending time in the physical casinos. The online version might not give them the experience they get from the land based ones. Somehow the gamblers will feel lazy and starts spending time sitting infront of the PC or some other devices for their gambling needs. When it is land based casinos the money is not just out of gambling, more business happens around and the gambling House doesn't want to limit it. In recent years during the COVID lockdown more land based casinos had their online version, but those were stopped once after the services resumed.

This is probably spot on. There are only a certain number of gamblers and if they aren't frequenting the casinos, then casino will start closing the doors.

Basically, you would see alot more bankruptcy suits in the casino industry because people will sit at home and gamble vs going to the casino and enjoying time out of their houses.

goldkingcoiner

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Quote from: GxSTxV on August 06, 2023, 05:57:53 PM

I wonder why real or land based casinos are not offering a virtual or online version of their casino ( I never seen one yet). If they can afford to open a physical casino it seems easy for them to invest in a virtual one as well, possibly combining both to create an experience similar to what Evolution Gaming offers.
And if you are asking why i thought about this it’s simply because by doing it they can expand their business to reach and provide a more reliable and trustworthy platform for gamblers. Just recently we have seen unfortunate cases where online casinos have scammed users and disappeared with their deposits, often due to unknown teams and creators behind these platforms

Maybe its a brand marketing thing? Perhaps they do not want to mix the image of an internet casino with that of their physical casinos? I really don't know. But I understand there is a world of difference between the physical casino experience and the online casino experience. A internet casino feels a bit cheaper and antisocial, therefore the physical version is preferred, as the image of what kind of experience they are trying to sell to their customers.

Fatunad

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Quote from: GxSTxV on August 06, 2023, 05:57:53 PM

I wonder why real or land based casinos are not offering a virtual or online version of their casino ( I never seen one yet). If they can afford to open a physical casino it seems easy for them to invest in a virtual one as well, possibly combining both to create an experience similar to what Evolution Gaming offers.
And if you are asking why i thought about this it’s simply because by doing it they can expand their business to reach and provide a more reliable and trustworthy platform for gamblers. Just recently we have seen unfortunate cases where online casinos have scammed users and disappeared with their deposits, often due to unknown teams and creators behind these platforms

Physical gambling owners might really having the plans on doing so which instead on trying out to offer or launching up some online version they would rather be putting up those allocation or budget on enhancing way more than with their physical ones. We know that building a casino whether online or offline isnt really that cheap on which means that it would really be speaking about some extra cost on which it would really be just that normal
that they would be skeptical on building one but rather they would be putting up focus on physical. Some might be having no interest or does mind themselves on having expansion. Why would really be needing to touch up
other space if they do find out themselves making revenue on offline? Well, its not a bad idea though even lets assume that im an owner or investor then i would definitely be going into different spaces
which having that chances on catching up revenue on both spaces or sources.

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