Topic: Why offline casino go online? Thoughts? - page 2. (Read 269 times)

Even if there is no pandemic, I'm sure offline casinos will expand their business in online world.
Nowadays is the era of online world, almost everything is available in the internet so I would say that following the trend is the reason why offline casinos go online.
Pandemic is indeed affect the move, but I cant say pandemic is the main reason.
Offline casinos go online are those who want to get more user base in online world but they keep the offline services.

I don't think so if online casinos are already existed before pandemic but I will going to agree that pandemic really change how offline casinos handle their business especially during the time where gamblers couldn't visit casino establishments for entertainment and this time is the most devastating time because a lot of business are forced to stop operation and some are choose to close permanently because of the luck of income. And that's the sole way they fount out how to continuously earning while the economy are saturated.

I think it's the pandemic that really change how offline casino handle their business right now. I was also surprised some big offline casino's here have the options now to play online, but the catch is that there is a bare minimum, at least you need to deposit $200 to be able to play. For some that is not applicable, I mean I know a lot of them just trying their luck by just having less than $100 to go to offline casino and play and see if they can win big. And I also know someone that went and win jackpot with a $100 capital.

Of course, it is profitable because their business can be big, but of course, there will be a lot they have to do. Because their business is online, their competition in the gambling business will also increase because there will be more online gambling sites than offline.

If crypto casinos also head offline, maybe it will attract attention from local authorities because, at the very least, they will ask crypto casinos to follow their rules. But to open a crypto casino will cost a lot of money because they have to have a physical place to give gamblers a sense of comfort.

Offline casino owners have to keep up with the competition even if it means to transition and adjust to a whole new level of environment. This is necessary to keep their business running, if they want to keep it in par with other casinos right now that we're still in the middle of a pandemic.

The list you have mentioned could really be the reason why casinos go online nowadays. The pandemic situation made it difficult for people to go outside due to stringent health protocols which is why most casino operations halted too. Maybe going online is what they thought of to continue operating, to cater the needs of their patronage and of course, to profit still despite the restrictions and policies imposed.

Innovation should be on their consideration as well, because we're already in the 21st century and therefore, people always crave for something new and refreshing. They have to innovate and go with the flow with what's on trend so they won't be lost on track. Moving on with new market reach counts in too because as time passes by, the reach of a business transitions too. Marketing their services to other classes and bracket could be of great help to keep them relevant.

Lastly, being mobile friendly. People always want convenience. I haven't really met anyone who wants to do something the hard way when there's an option to make it easier. Having the casinos on mobile phones make it quick to navigate and access. If they would make their games accessible, more people would use it and therefore, they'll have more opportunity to make an income out of it.

I don't think it's because of pandemic. People are getting diverted to online. And online market has a bigger chance to reach more people. They will have no bound if they are operating online. For example, I myself would barely go to a offline casino and gamble while with online, I'm spending some of my times with gambling. It makes sense why they are diverting.

If you think about it, their customers will be willing to spend more at their casino if it's online because they don't have to factor traveling to it as an expense. So, that expense will go into the kitty for a lot of the gamblers, plus geographically, it opens up the amount of visitors they get exponentially. Despite there being a lot of competition out there, its far from being saturated. Saturated in terms that its not a new concept, but not saturated that you'll pretty much always find gamblers. Look at the lottery, a large percentage of the population do the lottery, and some won't even consider it as gambling if you ask them.

Casino's are better off doing it online, for the above mentioned reasons, but also because they don't have to hire security teams, and floor staff.

Expand reach for gamblers and take more profit of course, not just right now, it may have been a long time since offline casino have switched to online by using bitcoin as a second currency besides usd to play with. Physical casinos are more fun but online is not bad either, we as gamblers can play games anywhere and most importantly online casinos can attract anonymous gamblers.

Of course it is profitable for casinos to go online because of the vast amount of population they can attract while hosting the casino virtually.
Now we all know the amount of hassle involved in operating a physical casino.
Right from the rent for the casino, physical games, staff to operate games etc... there are many things that might become problematic.
Going online will eradicate many of these hassles and will attract people from around the globe thus increasing their overall revenue.
So going online is quite beneficial.

Accessibility is a big factor in online casinos you can get in whenever you want wherever you are as long as your location is allowed and online casinos are not limited on the number of players, which means profit is unlimited for online casinos, the proof is the pandemic where profit from online casinos has skyrocket and offline casinos have zero profit, offline casinos have a market but online casinos have a huge market even triple of the market of offline casinos.

Yes, profitable or maybe not - where it all really depends on the efforts of the casino owner in building the reputation and promotion of the casino. A strong bankroll will also be a determining factor for a new casino in addition to the features and variations of the existing games.

You can compare all the casinos in this forum, they compete to be the best and they are constantly doing various promotions to attract gamblers to join them. As long as they have good promotional funds, sooner or later user traffic will increase, but reputation must also be considered.

   Yes, it's true nowadays we need to adapt to what changes happen in our world so that they decided that casino will in on the life of online world cause we all know that people life right now are connected in online gambling platforms , but to those people who doesn't involve in online world they still belong to the old concept which is the offline .

if they plan to go online their online casino should be at least on par with the popular ones if they want to attract gamblers. also, going online will expand their market and if they handle their casino properly it will most likely bring them profit.

opening a physical casino will be expensive(much more expensive than opening an online casino) and they will risk much more compare to opening an online casino. will it be profitable? I am not really sure.

I think it is very profitable for casinos because they can expand their business on the internet and expand their customers who will play gambling at their place and not only local people who visit their gambling place. Of course, it will also provide an opportunity to get bigger profits. By making their casino online, their customers will increase, especially if the right promotions support it. Traditional casinos will still provide their own pleasure for local people who want to visit the casino and play physical games.

If crypto casinos that use online also expand their reach offline, that might be beneficial too because local people will be curious about the gambling place. I think it will be a lucrative industry, especially if the owners are keen to see opportunities to enlarge their business.

in addition to these factors, it is also necessary to take into account the low running costs of an online casino compared to a physical one. there is no management, personnel, and many other expenses!
the profits are more or less the same (we all manage digital payments even with FIAT).

it would be fascinating to see some casinos do the opposite, but this is possible in some very specific realities.
in my Country (Italy), many physical casinos are in crisis due to the high management costs and the decline in the turnout of players. a whole series of factors that have radically changed the market and the industry itself.

Pandemic is really the main reason for this, the other 3 reason that you mention is just a mere speculation because offline/physical Casino industry has a strong and active market during pre-pandemic while crypto is already available that time for so many years. This increase in volume of Online Casino just start during pandemic since Casino is a business, they will need to adopt on the current situation to still get profit but soon they will back to business when pandemic restrictions or the threat of the virus will be eliminated for all the gamblers. Many gamblers still preferred playing inside the Casino especially those old gamblers out there.

I think it's still profitable. Let's say one state has one known physical casino and they suddenly went online with the same name and games, a possibility of those who live in the same state will be switching to them. It's just like they went online and trust rating might be a big pull to it.

IMO, this is a tough choice and could be a blow to their capital if ever they will do it. It requires land, position, taxation, and a lot of stuff.
What if it didn't work out? It will be a waste of a lot of money. And gamblers are getting used to the idea of just keeping it online. Yes, it's fun to interact with co-gamblers, (oh boy, I miss that feeling) but for now, safety comes first, and perhaps that would be a good discussion in the future.

It is a global dimension that businesses are going online because that is where the customers are so casinos have to move out too to meet their customers demand. Since covid-19 pandemic the world is going and transancting through the digital space, some companies are still having meetings online, churches still doing video messages because they realized to utilize that means to capture that aspect of the audience. Therefore casinos quite well won't do otherwise if they have large number of customers online. The rates of people going online are the youth and that forms the active patronizers of casino.

They have no choice but to adopt and make their casinos online. It's going to cut them cost and at the same time, they're going to have the higher possibility that their revenue will skyrocket.
Everyone is most likely like to stay at home and gamble and that's why the adoption for these offline casinos and shift into online is inevitable. They're just going to respond to the demand that they should fill in the industry but it doesn't mean that they have to stop their offline operations.

So I came through the article concerning the fact that a lot of crypto casinos at the moment are going online. The offline casinos are moving towards the crypto trend. The following article states the following reasons that might be going:
1. Pandemic
2. Innovative industry, cryptocurrencies
3. Moving to New markets
4. Mobile friendly
https://igamingbusiness.com/company-news/why-offline-casino-operators-go-online/

Do you think it's profitable for the casinos to go online at the moment since considering the amount of competition that there is and considering how many sites have shut down, even some old ones.

Whereas the traditional casinos continue to provide a sense of fun and adventure in the moment for most people. Therefore should the online casinos do extend their administration futher and go offline as well? What if most amazing crypto casinos went offline as well !? You think that would be a profitable industry?