Bitcoin Forum

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/ (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?

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.

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.

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.

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.

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.

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.

   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 .

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Currently, in order to survive and compete, gambling sites must have their business online and offline. although there are not many (offline casinos that go online) but I see them doing that to expand their business to make it easier for people to reach people who currently prefer to play in their homes, I think it's a good move.

Both offline and online casino business can be profitable or not, that exactly depends on the users that became interested in your service, and that also depends on how your service has been for the clients.
If your online crypto business took off, the I can say extending your business and try offline ones will be ideal for your business expansion. The same goes for offline casino operators.
No matter what, people would always visit physical casinos for fun and some people would gamble at the comfort of their home.

Just to relate this with our current situation, it has been proven by most companies that their employees are more efficient in an online kind of setup. That is why, some companies have started to integrate this kind of idea, where they do not need to do onsite work- a WFH setup makes their job more efficient.

Same concept in gambling- it has been steadily proven that online gambling has been increasing its popularity due to the pandemic. Since lots of online gambling websites have resurfaced once again, this kind of trend may continue thereby slowly making physical casinos obsolete.

Simply because they don't want to become the next Nokia who thought they will be the best mobile company all-time and being stubborn with switching to Android device.

Just stay with the trend if you want keep making profits.

It seems to me that having a successful online casino makes no sense to open a land-based casino. To maintain a land-based casino you need to spend a lot more money and its profitability depends directly on the location and the financial situation of the local population. That's why I think it's better to invest in development of an existing online casino and continue to attract users.   

What other choice they have when no customer visits their place? These people naturally will want to keep doing what they do best which is running a casino.  Some of them will fail and only then they will try the other options.

Let's have some empathy... Let's say me running an offline casino but I am barely covering my expenses now. However, before the pandemic I was making huge money. That means I exactly know how to run my business so the problem isn't about how I run my business. The problem simply is people don't want to leave their homes.

What am I going to do? Learn another profession after spending so many years as a casino owner? Of course not. I'll try the next best thing first which is running an online casino.

Definately but you know at the same time the online casinos kind of combines online gaming with the casinos, therefore it kinds of provides you with more options, making it more popular for the long term as well.

Plus the growth and the profits of most crypto casinos is much more than what an offline casino earns and at the same time I also think that you would be able to get license much easier, you can also get overseas customers as well therefore this is even more profitable for the business perse, isn't it ?

Casino is the profitable one,if you create your own statics for it.In a casino their will be some competition on certain things.But only one can win and all the rest loss.The capacity to win the casino is very simple.You had a opinion to win ,but you need to start the game with the betting of money.Crypto casino was created to get a good huge amount of crypto betting,it’s easy to win easy here.

You answered your own questions! The customer base is expanding, many more people from all over the world will be able to play in your casino and leave money there! Getting a license for an online casino is not difficult, it's an investment for a casino and the casino gets a lot from it! First of all, many more users, and that leads to higher possible profits, isn't that all that is important actually?!

I don't know how much it can cost to maintain an offline casino?! Pay for a place, workers, and everything else in offline casinos vs online casinos where you pay a couple of moderators! Does anyone have data on how much it costs to run an offline casino and an online casino?! Somehow I'm sure running an offline casino is a lot more expensive, am I right?!

The reasons for an "offline" casino to go "online" is the same as any business and I don't think it's primarily pandemic related, I think the pandemic just pushed society in that direction.  Business go online because 1) online businesses typically have much lower costs and larger profit margins, 2) online businesses can reach more people and open your business up to new clients all over the world.  With crypto, it has enabled gambling businesses to go online much easier than before.  We've reached the point in our society where businesses basically have to be online now to survive.  If your business can't be found with a Google search, it's pretty hard for you to make it...

IMO, number 4 is the reason.

They want to add more their income casino, so they targeting not online-offline people but also online people from around the world + expanding the currency not only fiat like USD but they are adding cryptocurrency. More category target market for them is good sometimes you need to follow how the industry is on-going and we are live in 2000 century.

Everything is online now.

I think it's normal when an offline casino goes online. Since even if it is doing well, in any case, the future is online, plus even just for the sake of representing its brand, it needs to go online. The reverse direction of development is highly controversial. Offline requires much more regulation than online, so complicating your business so much and sending it to a deliberately tougher regulatory system looks doubtful.

I see no reason for online casinos go offline, because that would imply extra operational costs for the owners with physical structure, employees, maintenance and security. Since they can reach a wider public only by operating online, why would they spend more to reach only a localized public through a land based casino?

And if an amazing crypto casino decided to go offline, I suppose it would be more for status and power demonstration than anything else. Profitability stays in second plan on this case.

And if you add to this very stiff competition, which is currently observed in the gambling sphere of land-based casinos, the transition of the business from the online model to offline means guaranteed bankruptcy within a very short time. I do not think that the big monopolists of this sphere will give the development of a new competitor.

Because they know they have to catch the new generation of gamblers.
The old ones keep going to the Casino but, when this ones dies?.

They know all the youth made your gamblings in Web so they dont have any choice to move to the WEB.

Simply as that. The pandemic only made things fast.

Doesnt matter whether they do extent out their market or whether they would really be switching off and take focus on a particular are because no one really knows on what up into their minds when it comes on

handling out their business which is totally unpredictable but those would really be anticipated and those reasons above are actually valid specially on expanding out business via embracing on whats the current
trend and interest that circles around the market.It wont really be that simple though since it would consume out some resources or funds but we know that its always been part of a business.

Possible reason i do think off on why offline goes online.

1. Expanding business
2. Offline doesnt generate that much revenue

Or simply they do see that online casinos are much more getting attraction but we could say that if a casino is indeed profitable
then they wont really be planning on going through online.

People like something different and at this time, people want digital things than analog. Online casino is available at anywhere and it saves time and money. Easy interface and user friendly system are also reason behind choosing online casino than offline casino. In online casino, owner doesn't need to pay extra cost like rental cost, more employees, electricity and others bills.

If they can cater to do both, then why not? Of course it's an additional cost to labor but if people do tend to like it then it's probably a profitable in its sense because they just expand their operation. I think traditional can still go their way as it has the experience an online casino can't give so do the online one.

No, it's all about the simple access from anywhere. Online casinos will not go physical. It's going to be the other way round up until online casinos take over 90% of the industry. It's not about the pandemics, but about bans and limits and the requirements to enter a physical casino. For instance, I live in the suburbs. To go to a casino in town I'd need to drive 30 min. I'd have to pay for parking, wouldn't be able to drink because I'd have to drive home at night in the cold- no fun. In an online casino, I can play in my underwear, while drinking as much as I can. If I get wasted I can simply go to bed within seconds. I'm sure there's many people like me who come from work after a long day and just want to play a few rounds of poker, have a beer and go to bed.

As long there's internet then you could really access those sites without any problems or just few simple clicks and this is something that businesses wont really miss
out and as long they do know that they could market out globally then having online platform would be the key or the way on getting that chance but of course it wont
really be meaning out to be successful on guaranteed manner since we know that competition is really high on this aspect but its not really bad to have some
considerations.