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Online casinos and sports betting platforms are big businesses like we all know, and currently considering the economic situation of things around the world many businesses are affected and have been taking measures to cut costs in terms of reducing staff, taking loans etc to still be able to sustain operations. How do you think online casinos and sports betting platforms are adjusting to manage the situation?

Business wise, I think everyone is doing good, at least those who are established already. Specially during the pandemic, everyone is just at home in the last couple of years so they are raking big money I assumed. Unlike the traditional and land base casinos who are force to go offline for months even years because of covid-19. So there could be growth in online as players around the world continue to gamble using fiat and crypto based platforms. And you can also observed that there are casinos that pop up during 2020 that still manages to stay in the game.

A lot of countries still have strong employment statistics iirc.

Gambling sites probably do like most gaming or online sites and have measures that manage resources depending on load. If you've only got 4 people playing live blackjack, you don't need more than a 3 or 5 dealers on standby ready to go live if they're needed.

A lot of companies using games like slots don't need to run as many servers and can send some into standby mode at low load times (most machines from hibernation can take a few seconds to come live again). For the owner of the company it's up to them whether they need to extend cash reserves by expanding their company, audience or taking some other job to ensure they can remain afloat. I think creditors of previously profitible businesses are easy to find if you can prove you were once profitible and it's only the economic downturn that's made your business no longer financially stable/sustainable.

I don't think sports betting costs much to keep going either as many sites can outsource for statistics (such as paying for data from a company covering it live). The only main issue I'd see with sports betting is if few enough people bet that it becomes something that creates too much loss but they can normally adjust their odds or the way they're calculated to counteract this.

And here I thought online casinos are doing pretty good for themselves. I don't think there's that much to do for casinos to "cope" with whatever's happening outside. They can provide some bonues to entice peers and possible players on their platforms but that's just about it. They're doing great in terms of raking in profits and getting all the attention that they needed in order to attract new customers. Perhaps they'd only fall off if they fall short on what they previously promised to offer their players and if the service no longer feels like they want the money of their players.

Does casino really have high maintenance as compare to land base? So not sure if they are reducing their employment at a fast rate. So probably what they have is a support team that works 24x7, maybe a fraud department and the the security and IT experts, infrastructure guy to maintained the health of the system and probably do some maintenance jobs. And even if they will replace them, it's very easy to find someone, the way I see it.

I think you should first of all ask the casinos if the current economic situation affects them, if Yes, then you can ask them how they are coping with it.
But to comment my opinion, i personally do not think casinos and betting platforms are affected much by the global economic crises, most especially the big ones, and also consider the fact that running online casinos and betting platforms does not require much man force like it is with land based casinos, it is very possible for two or three persons to run an online casino successfully, most especially if they are all programmers, even a single person can run an online casino that is not so big, so personally, economic crises wont affect casino much because no matter how bad the economy is, gamblers will still gamble, casinos will still make money, and we cannot know how many employees working in the casino except the casino itself tells us.

Online casinos is one business that is no much affected by the current economic crisis. Even during the pandemic when all other businesses were closed, the online gambling platform still continued its operations without much difficulty. Though the number of players and gamblers may reduce but the situation was very much better as compared to other businesses which were closed.



Being online means that you do not have to buy the building or pay the rent. You are saved with maintenance costs and no matter what is the on the ground situation, your business will never suffer. Secondly, even if people have little money, they will try to spend it on gambling and betting, as for most people gambling has become a need.

I doubt though that casino's might answer the question straight forward.


But I do agree that casino's specially their sport betting side are not that affected by the global crisis. There are still games being played around the world that is being covered by casino, so it is still running for him. As for the number of people, yes possible that they are a only a few of them but in rotation and probably working at their home to do support task, so very low cost maintenance for the casino themselves.

The obvious pivot would be to cater more to high income bracket clientale. Demographics with high income margins where disposable income will not be significantly affected by rising food or fuel costs.

A second more desperate move would be to shutter physical brick and mortar locations to cut lease costs and focus more on internet business.

Lake Mead drying up in Vegas could force casinos there to seek to establish a new US city or state as the de facto gambling headquarters in the country.

But if we're being honest profit margins for many casinos are so large that they will not necessarily need to adjust or change their business to maintain profitability as the global gambling industry is expected to grow, or at a bare minimum, sustain itself.

You just have to look at new casinos coming and established casinos doing massive marketing to get the whole picture that the online gambling industry is very robust, compared to other industries online and offline the gambling industry continues to thrive, the pandemic even helped it to sustain and thrive we have a data to prove this since many people are at home at the height of the pandemic, the gambling industry tapped a new market from gamblers who used to play on landbased, the gambling industry will continue to flourish because its a form of entertainment and people wants to get out of the chaos of the real world even for a short period of time.

Pandemic situation is nearly over and businesses not only on gambling industry had already opened their doors which means that the ones who hadnt closed their doors inside of 2 years on that pandemic situation

are the ones who did able to withstand that tough challenge since we know that revenue cant really be the same and those who didnt able to sustain have already shut their doors.
Its normal for a business to go bankrupt if they cant able to sustain which is normal.

For casinos and betting platforms then its true that there's a significant decline of profits but majority of them do still continue despite of the situation.

If you're asking about inflation and tightening, the answer depends on the casino. If they still have big mortgages and are heavily indebted they're probably struggling. If not, they should be fine.

If you're asking about covid, the bans have been lifted so they should be fine, unless if they are in China because there are crazy things going on in that country. According to recent news they were making employees live in factories because they were afraid of letting them go home and potentially spreading covid and now more and more workers break out of their quarantine and run home. A casino surely can't function in such climate.

If you're asking about war in Ukraine, casinos are probably not doing so good in the war zone.

Big problems occur but there's always time to recover from it. And besides, online gambling becomes a trendy activity during the pandemic that's why I believed they didn't really suffer a financial crisis during that time as they able to cover those supposed profits in sports betting which was not present at that time. Now that the world is now recovering from what the pandemic bring, expect that currently, these gambling companies now able to sustain their operation as usual.

As the famous line says; "Business as usual".

Unlike all situation people continue to gamble. This is the hard reality. So, gambling platforms making revenue isn't a big issue. At times the failure of gambling platforms happen at the initial days when they weren't able to support with a good funding. Someone winning a bumper will affect its payout and end the service. These days we don't see much of such situation. Everything is developed in a perfect manner to avoid security issues and bugs that ruin the platform and end the service.

Honestly, this is one of the few market niches that are going in the opposite direction of the world economy as a whole.
Since the pandemic started online gambling has started to make fortunes of money and I don't see this sector suffering from economic problems.
Obviously, one or another enterprise ends up going bankrupt, but it must be due to mismanagement or other isolated problems.
I believe that gambling will still grow a lot.

however, the impact is felt on the online casino business. this is also because players naturally experience the impact of the needs and money they get in the real world.
but casino businesses that are established, don't need to worry, there are still many players who will stay at the casino. although it is possible that the money they deposit will not be as big as before this economic problem occurred.
In today's global market the most impacted are those who run the import-export business. The casino business is not without impact, but I'm sure they get less risk.

I'd consider it that they're pretty good really, rather than big tech companies like Facebook, Google, and others that already had a bulk of the dev market employees, some online casinos are still developing their teams, so they're pretty much still hiring (I myself am aware of a few companies looking for employees just recently). Not that it's an impossibility for some big online casinos to lay off employees in the near future though.

I also don't think casinos would have a big problem with regards to developing, most online casinos grew pretty well during the pandemic and that should've been enough time for them to build a solid foundation to at least weather through the current situation.

The biggest layoff I know about casinos was physical ones, and that was back at the start of Covid. There's also some recent news about possible layoffs from Macau casinos, but that's the most I know.

Online casinos did really make out bigger profits on that pandemic time which people cant really go into physical casinos which means that everything involves online do really take advantage on that one since people
would really be dealing off with things that they cant possibly do on offline or physically.Come to mind that most transactions had been made out online because of quarantines or health protocols which did
really give out more revenue and now that things turns out to be normalized once again then profitability might really be equalized now.Depends on  what certain industries that they are making with.
Different industries does have different markets to be served out.So revenue would really vary.

Well, if you look at what's going on in the forum, they don't seem to be doing badly. In recent months, there have been some signature campaigns that have ceased or have been put on hold, but there have also been some new ones, and if we look at the budgets they are managing, they must be making good profits and getting good ROI.

I mentioned this in another thread:


(Translated from Spanish).

Most of the well-known gambling sites here probably don't have to change anything tbh since they're at a point where they've been through the ups and downs before and reducing their expenses could make things worse for them if they suddenly become understaffed. Then for those casinos that are struggling, I think they have to take the risk of putting up a promotion or some way to get their casino out there so they could get the best value out of their budget and at the same time slowly reduce their losses.

At the end there are only two things any business can do to deal with this, they either raise their profits or reduce their costs, increasing their profits can be really hard as people are having problems dealing with the current levels of inflation and they are reducing their expenses, and this includes reducing their gambling costs, however a way to do this could be by raising their house edge slightly as such a thing will bring them bigger and faster profits.

However reducing costs is where casinos are really in control, they could reduce the size of their customer service personal, downgrade the speed of their servers, as with less clients then the load on their servers will be smaller and they could still give the same service to their existing clients for a lower cost, or finally they could rethink their bonus strategy and try to make it more effective.

Economic downturn didn't really affect online casinos as we've seen during the height of the pandemic. Sportsbetting is a different case though because bookmakers were limited when various sports organizations were ordered to stop hosting games. They were forced to e-games and limited to a few sports like the UFC.

Now that the world has opened up again and facing new economic issues like inflation, online casinos and sportsbetting should be fine.

Are you referring to the recession predicted to peak next year?
Before the news about the recession emerged in recent months, the deep decline in crypto prices due to entering a bearish period made several casinos stop their promotions through signature campaigns on this forum.
I suspect, because of course the casinos understand better what steps they will take to stay in business with this deteriorating economic condition is to reduce promotional costs or try other marketing strategies that are cheaper but still make their casino known to many people so that there are still people who will play.

What makes you think this way? We are no more in the time of COVID pandemic when the world was severely affected. This year, I can see companies, even new companies that are growing more. Or maybe you are talking about your country? Do not think what is happening around you is what is happening in the whole world. Even during this Ukraine and Russia war, there are companies that are growing, gambling sites are one of them. Even on this forum, there are new gambling sites that have grown more and the old ones that have also grown more.

I am not an economist but this is in my view so far I have seen the world's economic problems that are not good, look at the gambling sites, there are more and more newcomers and even always provide promotions and bonuses for new users, it doesn't mean their economy is disturbed by economic problems that occur in the world. right now, to be honest I see a lot of people looking for money and luck at this gambling table and gambling even the sports matches are still going on because people are still betting there, so I think they can overcome every economic problem that happens in the world so it won't be affected to them, I think online casinos also cost less than land-based casinos

When the world is locked indoors due to the pandemic, online casinos have become widespread. Compared to other times, online casino or gambling business has generated huge revenue during covid-19 which is the highest in history. However, due to the recent economic downturn, many are thinking ahead. Many are also laying off workers to keep their businesses afloat. But I think running a casino business doesn't require a lot of layoffs. Because those who work here they are always important. Online Casino has a security department that has no chance to exclude anyone. I don't think layoffs are necessary if the problem is not persistent.

I feel like gambling is always a strong business during turbulent times, when the world is in crisis people are looking for a way out. With gambling we have the chance to become rich quickly, even when we lost our job or things are not looking food anymore. It seems that people are more willing to save money in other aspects in life, rather than stepping down from gambling. In the last few weeks I noticed this in my country, everybody is playing lottery lately. Even people who haven't played lottery before are now in the gambling fever and play every week. We are seeing new jackpots every months and many people talk about gambling publicly. This should mean that business wise casino are doing fine. The sports betting platforms are getting ready for the worldcup, which will start in 3 weeks and is bringing in a lot of new business. I wouldn't expect bookmakers to reduce any staff before Christmas. Same goes for the casinos, they likely have some special promotions and advertising planned for the end of the year that is going to bring in a lot of new business. So for this year I wouldn't expect many changes in the casino business, and for next year we will have to wait and see how the economy and the inflation is going to recover.      

On the contrary, I think online casino's did fairly good in the pandemic era. So I doubt that there are layoffs or employee reducing, on the other hand, they could be expanding as we have seen a lot of casino just popping out in the last 2 years here in the community.

So I will say that they are doing good and still making good money from the gamblers not only here in our community.

Let me quote this website: https://cryptonews.com/news/best-bitcoin-gambling-sites.htm

No casino has suffered even during the pandemic let alone now that we are almost completely out of it.The gamblers will always play,they have a set bankroll most of the time,like I already have and will use that balance to play in the casino of their choice,this is never going to change and that is why the booming of online casinos in these last years has always been on the grow.

The cut of cost of employees is not so relevant to online casinos as they need a fixed number of support staff and they barely change,add or remove new ones,except when it is really needed.So far I don't know any big lay offs like Musk did on Twitter to happen on any big casino.

Well i am assuming that hosting highly successfull online casino would take several servers and backup servers and that they are handling those themselves If they don't want to play extra and out source them. Meaning that they would need to rent or buy a warehouse and people to maintain and guards for that.

I totally agree with this on fact when i am not doing so well financially i feel i need More that high risk rush i get from gambling. Not to mention that pandemic drove me to full online gambling because there was no real world places to go .

The mere fact that their services are online is a major advantage for them.
In fact the revenue of such online services has only increased in the recent times because of the ease of convenience.
People are accessing these services right from their home spending a lot on it.
So I think they are doing pretty good at it.

I think online casinos have an advantage over offline casinos, where casinos can have fewer employees to manage their business. And before the casino started its business, they must have estimated how much money they would have to spend, including all the expenses that might arise along the way. This also includes advertising costs which sometimes get bigger as new things are added to their casino. By not having a lot of staff, they can reduce the expenses to allocate it to other places, such as advertising. Perhaps this question should be asked of each casino owner so that we know the answer. But I'm not sure they will give a detailed answer.

It's hard to let go of their employees because it might compromise the quality of their service so they have to balance it and I think they are still doing good even on a pandemic.

Online casinos just need to focus more on their promotions and marketing strategy, there are still gambles who are willing to spend more given the economic situation right now, online casinos should take advantage of that. So far there are no news about bankruptcy and taking loans with the casinos, they are pretty solid with their financial planning and budgeting.

It's a case-to-case basis when it comes to casinos, but when it comes to the industry, it's doing great in fact online casinos are one of the industries that benefited from the pandemic, people at home and turn to online casinos to get entertain in those trying times, not all casinos are doing great there are casinos that can keep up, they even allocate budget for marketing, it's the small casinos or newly launched casinos that should be coping because the industry is a tough competition for every casino, but casinos who gained the trust of the community will definitely reap the most profit when it comes to gambling trust of the gambling community is very important.  

They've got for sure a lot of pool for their supporting funds. If there's any problem that has been met regards to their budget, there will be something that they'll pull from their company's huge fund pocket.

As you've said, they are big businesses and they've planned all of it and foreseen some ugly things that may meet their business. And if it does, they're all prepared for it so, there's nothing for them to worry about but, as looking to the entire business and industry of gambling, it's one of the industries that are recovering, especially the physical ones.

Online casinos don't struggle in the period of bad economy or in the period of universal pentamic like covid-19.
They are the people that gain the more however bad the economy is there are people who are always ready to gamble, they are ready to gamble at any time and they set aside certain percentage of their income for gambling.

Online casinos don't pay some costs like the rent and more, they don't employ high number of people also. They are at advantage.

As long as there are players, a casino would continue to run. Landbased casinos could be affected by now with regards on their staffs' payroll for sure because they will be somehow required to give them salary increase to help them with their daily living given that there is a price hike with necessities. I am not quite of this one but I have read an article ,here's the link :https://www.frontiersin.org/articles/10.3389/fpsyg.2017.01247/full

It is a conducted study wherein result showed that the effects of economy related problems are not problematic to casinos. There is also a study finding wherein people do more engage with luck based activity during economic recession (probably due to frustration?) which is not a negative part for gambling places. So I think they did not put that much effort on coping with the problem most of us are currently dealing with. Likewise with online gambling wherein if it would be compared to landbased casinos, I think it is needing less of workforce. Feel free to correct me if I'm wrong.

The pandemic is not officially over we still have the pandemic and data and reliable information rate the online casino industry as the industry that skyrockets its profit

Online casinos are still raking in profit because not all land-based casinos are fully operational and some opted to continue to play online especially old gamblers and gamblers with comorbidity the growth and profit will continue as long as the pandemic is still here, the evidence that online casinos are growing is the growing number of online casinos launching almost every week.

One moment!!

Casinos closing is normal in this business, new casinos opening is perhaps to the extent of the above, same owners or investors and they reinvest in new projects.

 Now, today! to say that the casinos are doing badly, after two years surpassing historical traffic of the majority of casinos.

 I guess you get it out of your head, or I missed any data or statistics that says that casinos are "fucked".

Crypto casinos, on the other hand, due to their deposit methodology, can be seen at an advantage on comparación traditional casinos, who on average should go through regular channels.

 In fact, crypto casinos have adopted the line of licenses in recent years due to regulatory trends and there is a big difference in investment if it is taken as a normal line in the openings of crypto casinos who, by trend, open without these licenses, then they incorporate them at long time later.

 If that is regulated if we will have a decrease in new casinos and therefore the niche would be affected.

The issue of the price of Bitcoin is an adjustment that alls casinos go through, player traffic is more "dangerous" for a casino than the price of bitcoin itself.

 A casino can have what you (OP) mentioned "the situation" at any time regardless of the price of bitcoin, so "the solución" is player traffic growth by depositing and making wager.

Yes, it's not yet officially over but we're far from the situation during the peak of pandemic. Most casinos locally have already recovered but those places that are reliant to the casino business, they've been closing down and had to halt their operations for the safety of their employees and customers.

There's no problem in online casinos as they've became one of the most productive industries and one business that had became pandemic-proof. But their counterpart, the local casinos, those are the ones that really have struggled.

New casinos are still coming and that's an indication that gamblers are still here despite of the threat of a big crisis.
The lifeline of the casinos are the gamblers, this is why many old casinos are doing their best to give bonuses and promotions to those players because if they don't probably that gambler will leave the site and that could affect their income. Casinos in my country are still doing good, top companies still have a good financial report and a profit. Dealing with the economy right now is not easy but they have to do their best to stay in this market and for them to survive the crisis, online casinos should already have plan for this.

Are they really adjusting or they are expounding more ? I think they are expounding and reaching out to more families lol. In the past you hardly see this business in some areas. Like in Nigeria it is one of the fastest growing business that youths who are able to get some fund want to establish in betting business and to tell you they are growing here every betting shop is clustered with youths, their clustering is a sign of patronage.

To tell you that they are growing, you see almost all the.signature campaign in the forum are gambling related, this shows it is the business that is gaining patronage. The economic system is really high to maintain and people want to try in other means to get finance and this is why they resort to gambling.

To the best of my knowledge everyone is affected with economy downturn and what affects the whole economy is also affecting gambling sections indirectly, just as the case of the covid pandemic where every sport activities where put on hold, no kive events or matches are taking place, so what fo you expect the gamblers to bet on? except for the virtual bets but the people had a rough time throughout the world to find economical balance, gamblers also have a drop in their rate of income from their various businesses.

The truth is that I do not run online casinos or sports betting sites, but one thing that is sure is that they are coping well. This is evident with more betting sites opening every time. Even this year, many had opened already, so it means they are doing well.

However, it is good that you considered the economic situation of the world, but I don't think it would affect gambling sites so much. Some gamblers might only reduce their stakes, yet many will always come to bet because of greed, addiction or the fun they get through it.

They are coping like just any other business I guess. They all have risk management team that will alert the owners beforehand and in case of any economic downfall that might impact their casino, they do have policies to reduce the damage. In case of physical or online casinos, when the casino reaches its short run shutdown point were the average revenue is below variable cost, they will have to close down their casinos and have no other options. This is more likely to happen with physical casinos since they have higher variable cost than those of online casino.

if a certain business has the capacity to earn more in the next few years they can lend any amount theh think that can help them especially if the casino already establish their name, no doubt about it. online casinos doesn't need a high amount of money just a monthly maintenance, domain fee, security fees etc are needed, they don't need too many people to run an online Casino.

You can base the status of the online casino and betting platform based on the number of casinos we have in the announcement thread you seldom see casinos closing down in fact many casinos are launching every month, of course, the weekly budget is so high, the Cryptocurrency casinos are the trend now they will soon beat land-based, and fiat-based online casinos, this is the industry that benefited the most from the pandemic besides the gaming industry.

if they are affected, i think we will know when they stop some marketing campaigns they are doing.  so far even the fiat base casinos are still in business. the only casino that was more affected since 2020 was the traditional casinos because of the lock downs.

people are getting used to online now. The more people are moving on to online casinos even in the recession time.

Despite world's financial and economical crisis, gambling industry hasn't been affected negatively. I remember many people were shocked to see during covid-19 pandemic the traffic and income of casinos increased considerably, while we saw on the news the economies of every countries were crashing.

The flux of money in gambling doesn't necessarily follow the flux of our traditional economies. The fact is that there is a very wealthy elite in the world which can maintain any industries they want with their personal funds simply for pleasure, hobby. Gambling is one of them.

I think that the maintenance cost will depend on how big or small the casino are. If it was an online casino and they are big, then they will often experience a server overload and some issues, and this calls for the people who are expert on these things but if the owner has the ability to solve that kind of issue then he can save expenses. If they have hired a lot of employees and then their sales decline, one temporary solution that they can think of to lessen the effect is to reduce their staffs.

One of the biggest thing that I see that affected the gambling industry is the covid pandemic but that was starting to wear off. Gambling business are now recovering.

You will find that a well setup gambling operation might actually weather a recession fairly well in comparison to some other industries. Like tobacco and alcohol companies, people end up going for smaller releases of pleasure when they can no longer afford the high end fancy cars or holidays that used to get the most spending, so they will continue to spend and maybe even increase the betting spend during such times. Covid was a bit of an anomaly because it caused many people to work from home in certain countries, which gave them plenty more free time and they were not actually able to go out to spend it in many cases - a boon for gambling companies that is unlikely to be repeated any time soon.

As others have stated, I think online casinos are doing pretty good business.  Their user base is growing and regulations are softening around the world.  Not to mention that most of the sites currently operating were operating when Bitcoin was at much lower prices, so many of them made an absolute fortune on the exchange rate.  Then there's things they do to make extra money like staking user funds or collecting on airdrops...  Don't feel bad for the casino operators.  The successful ones are absolutely rolling in dough.  I've seen more staffing up and previous employees getting raises then I've seen cost cutting...

Online Casinos adjust by making more effective marketing ploys.  Of course, many of them would do the same asking for loans and reducing staff, not all casinos are as lucky as the established ones.  Aside from that in form of getting more players, they offer more accommodating promotions such as free spins, a 1st bonus deposit with lower wagering requirements.  Anything that can compete with other casinos.  They also offer no withdrawal fee, lower minimum deposit, and attractive features like Rakeback, VIP system, ranking competition, multiplier competition, etc. just to keep their players playing on their platform.

If you notice some of the smart teams are building up in the face of economic challenges facing the business space due to economic meltdown and other factors that have resulted in reduced revenue and profits made.
That is why we are also seeing some sports bookies and casinos closing down businesses, but then some have cut costs and reduced staff, and also lowered their reward system to sustain operations.

The market crash doesn't stop gamblers from playing games. Everyday the gaming reserve keeps growing as gambling doesn't leave a person easily. Considering that brands face difficulty, its their duty to figure a better way to gain revenues on their platform. Since the available brands are still here then they're holding on real tight towards the better days.

In terms of online casinos or bookies, we won't know if they cut down staffs or what they are doing to cut costs.
However, if we are looking at their presence, I think they are doing great as more new casinos or bookies are being launched.
Also, a lot of casinos that you can find in this forum are still doing great. It means, they are generating good income.
And just remember during the height of pandemic, one of the few businesses that did thrive were online casinos and bookies.

^I think we need to hear first an online casino on this question because it seems they have more something to say than us as a player or gamblers only.
But my perception is that this was already on this plan from the start and probably lowering staff will be the first step and then taking a loan.
A business owner must be wise about this, it could be downtime if you cannot sustain and you will do everything just to put raise back your business every business has the same idea on how to cope during bad times.

Gamblers are trying to look for other ways to earn money and they see gambling as one of the option and this is why many sites today are still in operation and still offers a good bonuses.
Gambling site will not be affected that much by the recession, they can still attract gamblers. My only concern is that, if they are going to lay off their employees, this can force them to hire another one with a less experience, that can bring a problem to them. Gambling site should start looking for alternatives to attract more players and investors as well.

I believe with the COVID-19 pandemic the whole world was affected (even directly or indirectly), but I even imagine that online gambling/casinos had a significant increase, in terms of their profit and also by the number of users of these online casinos.
This is a type of market that is growing every year and has great growth potential.

I think that situation happened mostly at land-based casinos and not at some online casinos.

In terms of operation cost and expense, it's no doubt that operating land-based casinos are far more costly. And because there's no way that these physical casinos will make money during the pandemic, no choice but to decrease their manpower to save some operational expenses.

Moving forward, now that most physical casinos are now back in action, surely they can keep up now with those big losses from now on.

It's no secret that during the pandemic, some physical casinos do some cost-cutting in order to save some companies' expenses while it's not possible for them to generate money because gambling establishment is not allowed to operate during the peak of the pandemic.

Right now, I think they already managed to cope with the situation and revenues are now starting to flow into their businesses.

I just hope that those employees who are being part of mass lay-off will be re-consider to get hired again.

Online casinos are the most stable industry online, if there's a struggle it is on the case to case basis and it's on one casino's mismanagement, not all casinos are the same some started with huge budgets and are backed by great teams, others have been online for many years even without Cryptocurrency if one casino is struggling its because they are not doing the right thing and that is right marketing and interaction to the community, the industry is growing fast and very stable those casino that cannot keep up will be eliminated.

Online casinos seem just fine even during the worst days of the whole world because of the Covid-19 pandemic.

In fact, lots of news and reports referring to the growing big numbers of people that do online gambling during that time are everywhere, especially in European countries. It seems that online casinos really don't feel being under the worst crisis during the pandemic.

Physical casinos are those that really got hit badly because of those obvious reasons. But soon they will go back to normal, that's for sure.

During the pandemic good number of cryptocurrency accepted gambling sites came into usage. The number keeps increasing even after the pandemic. During the lockdown out of covid-19, people are within their homes. More traditional Casinos too shifted their services online. In all time period the usage of gambling platforms never decrease, as people like you and me looking free money amidst the risk have turned to be common.

One of the greatest advantages of online casinos and other gambling firms is their ability to operate with less staff compared to offline or land casinos. They easily embrace new technologies to reduce their human staff strength. Like every other business that has been affected by this economic downturn, they would have to look for avenues to reduce their cost of operations. Seeking alternative and cheaper advertisement channels could be one of them. Instead of spending so much on endorsements, more money can be channeled to social media adverts. These firms can also diversify to other forms of business that might be more lucrative until the global economic crisis subsides. It might not be out of place for some of them to invest in other entertainment sectors just to cover some costs.

Behind all advantages, there are flaws that have to reduce and mitigate how to close it by Casino Online. As we know new technology has more slit than offline where need a lot of supervisors around the casino. Online casinos are not around the problem of the casino, but the server needs military equivalent security, if not, Millions or Billions of money will be lost when only 1 attack has a bit cleft on the server which already saw happened many times on a number of the online sites.

Most already established businesses. Not just casinos should be doing good.
From my thoughts, most of this casinos especially online and even offlines are striving now because it has turn the only work for the common man. In most developing countries where the inflation rate is very high, and there is scarcity of job, then casinos are the hope of the common man because one can have to play with relatively very little amount of money with expections to win big on those amount played and the rate of gambling lately has really increased rapidly.

Online casinos spend lower operational cost rather than offline casinos, but of course macro economy problem will affect their profit. I think it's not surprising for business to take a loan, reducing their staff or reduce their salary in order to maintain their business. If they can't maintain their performance on this situation, they will bankrupt and it's easier than offline casinos. They can just create new casino after they have enough money when the economy already recovered.

Actually I'm not too sure, but it seems that online casinos don't require too much maintenance costs like land-based casinos. as well as the people they employ, I don't know for sure. however, it seems that online casinos don't involve as many workers as we see in land-based casinos. maybe on a smaller scale when compared to land-based casinos.

yes, as you said. many companies are affected by the situation that occurs in the world economy, not to mention businesses engaged in the entertainment sector. including the gambling industry that has been affected, especially land-based casinos after the COVID-19 virus and after the collapse of the world economy.

however, it seems that online-based businesses are not as impacted as you ask in this thread.
Again, we don't know for sure, but it looks like the online casino industry isn't too affected by what's happening in the world economy. actually we can look for the data and statistical information if we need it. So in conclusion, the online casino industry is not as heavily impacted as an industry that operates in the real world.

This is right. Online casinos has lower payroll for there staff since they are just using 3rd party game softwares on all there games. They are just paying minimal employee for support, security and devs to maintain the casino and its not that high operating cost compared to physical casino that has other bills and employees to attend lots of physical work.

I believe casino profit will decrease but not that much since gamblers will always find there way ro find money and most whales players on gambling is super rich in real life that can sustain gambling activities despite recession.

If other businesses in other sector are finding cheaper but efficient new ways of sustaining their online businesses, I don't see why online casinos or other sports betting platforms won't survive these recession times if they apply new strategies to not only save cost but also maintain a good profit margin.
So yea, I think online casinos and sports betting platforms are coping fine. People love to gamble. Mostly in seasons where the worlds known sports like football, basketball, and other tournaments are getting hot. The pandemic really made an online impact for those businesses that had the foresight. Since then, I think online has won on many fronts for most businesses, casinos and other thriving sports betting platforms inclusive.

Operational and maintenance costs of land-based casinos far outweighs online casinos. Still, Online casinos are affected the by the economic situation but that much compared to offline businesses. I guess, in some way online gambling platform can easily cope up with the economic situation we are experiencing especially during the pandemic. As most offline gamblers has transitioned unto playing online instead to avoid physical contact.

Probably, most online gambling casinos are doing fine and haven't made any drastic measure as to reducing workforce.

Well said, as an online casino or or sport betting platforms, there must be an uo to date review and feedbacks on recent progressive achievements with their gambling services they offers gamblers, this willake them take some precautionary measures to see how they can adopt something new to create an effective change they would have wanted every gamblers to experience from their website, this may be demanding but it will also yield a return to them because their gambling services will be so enjoyed to the fullest in limitless plaleasure.


The truth is that we all love sporting activities together with gambling regardless of money being involved or not but they also have been well hitted also through the impact of the pandemic and current economy situation and are still running fine even though might have realized drop in the rate of thier income flow, but it never stopped their engagements to being committed to their gambling activities offered.

I don't think they are the most affected, if affected at all, by inflation and other economic struggles we are experiencing. Casinos and Sports betting platforms are there to take money and from my observation, no matter the economic state of the world some people will always find a way or a reason to gamble. More over, these entities could always find contingencies and sustainable stratagems to employ during recessions and financial breakdowns, I believe they always account for situations like these. So yeah, I don't think they are struggling really, more so coping against the situation.

They arent struggling and if we consider and do look upon on how much they've been earning or speaking out with revenue then it wont really be that much of an issue if we do talk about economic matters.

They wont really be that affected and could simply go with the flow and could sustain as long there are people whom would really be playing on their platform or casinos then it would really be
just that right for them to survive.

In speaking about economic matters and problems then the ones would be affected are specially on some industries but not totally
able to take it down though.

No matter the situation of the economy, there are some jobs that wouldn't be able to eliminate from the equation since there is money involved. Look at online gambling where they need to have a steady developer who is supposed to handle technical issues, the customer care support must be there to attend to customers, the team responsible for withdrawals and the group responsible for operations, so in conclusion, no matter the situation of the economy, gambling will remain intact as long as the company is operating great.

On the other hand, when they see you as a customer who regularly played and they don't see you again because you lack some change to stake a game, the casino usually encourages their players with a bonus to come back and try their luck, casinos know best how to keep their business running without interruption of some sort.

I don't think that most traditional casinos shifted their service online during the pandemic.

Instead of doing that, they just accept the fact that can't operate until further notice, and to reduce the cost of the operation, they lay off some of their employees.

If I missed something here, can you give examples of those traditional casinos that shifted their service online just to cope with the financial situation?

As far as I know, online casino's and sports betting platform that has established their reputation and credibility to their clients and to the community are still doing better in the gambling industry. People have been bored most especially during the peak of the pandemic. Those that can afford to gamble because they have a spare indulged in gambling, while others who just have enough made a pass in gambling during those trying times. I can attest to this because I know personally people who opt to did the scenarios mentioned.

While some of the players prioritized the necessities first, it still doesn't remove the fact that the established gambling platforms still catered to a good market to make them profit and to keep their business running up to date. Right now that there has been more ease on protocols and the pandemic has eventually being resolved by vaccinations and healthy safety guidelines, businesses like gambling casinos are also starting to be better in terms of profit and operation and there's really a little to be concerned about.

There is no big crisis, to begin with for online casinos even during a pandemic. Since people mostly stayed at home, playing gambling is one of their good past time to kill boredom. Only offline casinos experienced a crisis during the pandemic and that is something hard for them to deal with. These casinos literally got closed for years and it's only recently they are catching up on their supposed revenues on the past years.

EDIT

I found these 2 articles that prove that online casinos didn't suffer during the lockdown:

https://www.eehealth.org/blog/2021/01/gambling-and-the-pandemic/ (http://Gambling issues rising during the COVID-19 pandemic)

Increased online gambling during a pandemic (https://popcenter.asu.edu/sites/default/files/online_gambling_no_8.pdf)

I don't think online casinos have had too much effect because of yesterday's pandemic because they operate over the internet, which has made it easy for them to reduce a lot of costs.
The online casinos are still doing well, and I think they may not reduce staff because their staff is working from home.
And online casinos have benefited from yesterday's pandemic because many people have to stay home and spend more time working.
This allows people to see many gambling advertisements and makes them try to gamble.

The thing is based on google trends and the other research, many people are really interested with online casino. So this mean even though we're in pandemic or recession, people will want to gamble since they want to make money online instant. That's make them addictive and the house will make a lot money since they're keep losing. I think online casino is really a profitable business since anyone can access and easier than land based casino.

This makes the existence of online casinos increasingly recognized by people, especially people who often gamble in physical casinos that they cannot visit.
And that's what makes online casinos even more popular during the pandemic and can get many new members from many countries.
And slowly, playing online gambling makes them addicted because it can comfort those who cannot leave the house during the pandemic.
Online casinos themselves can reduce the costs incurred if they open a physical casino in one place. With online casinos, casinos can be more popular in many places.

Without a doubt psychical casinos suffered as I remember the mayor of Las Vegas was not happy with the lockdowns and even when the pandemic was still going strong she wanted to open the economy and obviously the casinos as well.

However online casinos did really well during that time, because as everyone was on their homes without too much to do people that were not interested in gambling before decided to begin to gamble as a way to keep themselves entertained during those difficult times.

On just on simple logic which on the time that pandemic hits then it is really understandable that online casinos were really that relevant on that time or simply they are generating so much revenue considering

that physical online gamblers do really tend to switch up into online on easing up their boredome.We know that there are other industries were affected and gambling industry is one that do take hit badly.
And now that everything is going back to normal where doors are already opening up then they are really back to business.

Gambling industry is profitable but of course it would be depending on how many users you do able to hook up.This is why competition is really fierce for this one.

Well I understand that the only thing that could have changed is to have more Peronsla because the demand was incredible, in the casinos I know that they increased their way of having more clients, in fact thanks to the pandemic the casinos became even more profitable, because my people were looking for win money in any way, and a very reckless way to do it is to go to casinos and people are so desperate that it worked for some and not for others, I think that what the pandemic did was help much more Since the casinos they came back stronger and much more consistent, I never saw bad changes, just the opposite.

Online casinos got their boost in business during the pandemic days.
Just think of new sportsbooks that have been introduced during this period.
We can say, online gambling got their popularity and more players when pandemic hit the world.
That is true, instead of going bankrupt, most of these gambling sites got their good revenue because of increasing popularity of online casinos.
With a lot of advantages offered to gamblers, online gambling is like the new norm to play and place your bets at the comfort of your home.

Here's how this article answers the question (https://www.europeanbusinessreview.com/true-or-false-the-gambling-industry-thrives-in-a-recession/) - No sector of the gambling industry is immune from the effects of the global recession, research has shown that some are better able to mitigate its effects than others through new technology, innovation, and benefitting from new regulation. In addition, sports betting does better in a recession than casinos because of the high number of global sporting events and the subsequent large volume of public interest globally. The FIFA world cup will starts in 2 days, despite the recession, many people are going to bet and we will see an increase in sports betting revenue.

But in that case it was different. There was a crisis and a downturn in the markets but people stayed at home. And what did they do? In most cases, they ate more and had a lot more online leisure, including gambling. I noticed it in poker because it was like going back 10 years, the rooms were full of fish. Now it is not the same, and gambling is not immune to crises, as shown in the article linked by Davidvictorson

People take to gambling when the economy becomes tough like we have everywhere in the country now. They think gambling creates more and easy chances of making money and they go patronising them. There are new casinos and gambling sites springing up everyday and I guess this present hardship helps their businesses.

Let's just hope that people don't think like that of using gambling to make money because it's really hard to do. Most people will only experience defeat rather than win, let alone big wins. Indeed, certain people can really get big wins, but not many. And that is what makes online casino sites increasingly popular on the internet because they can attract more people, especially by using attractive promotions coupled with giving bonuses.

We do not have to follow what others did because we see it will not work well for us. We better search for the other way to earn money than just playing gambling to earn money.

I feel the same way, like they're unaffected or even doing better in this economy.
We have rising prices of goods and services, high inflation, dropping stocks. The average guy who has his habits like smoking, drinking, gambling, is still going to do it. The situation isn't that bad when it comes to your needs and addictions. You won't have enough money to take a loan, buy a new car or travel but you will still have that $50 to bet on your soccer team.

I wouldn't use "hard" as a description for gambling really, more like unknown, neither easy nor hard since you can't exactly figure out whether you're going to win or not in a gamble. Ofc it tends to fall more toward the losing side since the house always wins, but you get my point I think. Unfortunately since it's "unknown", it ends up looking more attractive to most people as well hence why they're going for it.

It mostly boils down to only seeing one perspective of their lives instead of its entirety (especially since we can't exactly see the other sides) imo. They're probably struggling, but it may be only visible in the later term since they have say, savings, or are just asking loans and stuff like that.

This is actually true and same goes into those lottery bettors as well on which even if we are on that hard situation in terms or talks of day to day living which you do still have the money on allocation on buying a ticket.
Same goes for those gamblers who do really be able to find a way for them to have the money for them to gamble. This industry is something becomes bigger as years passing by, although we had seen
that experience about the pandemic situation where it did really make up some toll in terms of revenue specially on physical casinos but totally opposite into those online ones.
They are indeed coping because if they dont then lots of business on this industry had already closed up their doors.

It's true. We won't know whether we will win or not in gambling and can only keep playing if we are curious about the win. But we must remember that the house will always win, no matter how hard we try, because that is their place of business. If several people can win a lot, it is still smaller than the casino's winnings. Those people know but they try anyway because it will attract many people to keep returning to the casino. Moreover, they get tempted by the casino's promotions, so they return to the casino.

no one wants to lose money in their business. and this casino business certainly provides an extraordinary attraction for gamblers. especially casinos that give big promotions to their members. in difficult situations, I think it can be done even if the company is experiencing financial problems. if it attracts more and more new players who deposit their money into the casino, the greater the profit for the casino will also be.
every casino must have financial reserves to back up the finances that rotate at the casino. it can help businesses keep going even in difficult situations. and casinos can find ways to recover their finances by way of big promotions.

I think that the online gambling/sports betting industry is one of the most profitable industries around the world.
Even in times of crisis the gamblers and sports bettors keep spending money on gambling/sports betting.
How expensive is to sustain an online casino/sports betting platform? I don't know. Maybe we should ask someone, who owns a big online casino/sports betting website. I don't think that the cost is that big and I don't believe that many online casinos/sports betting sites would fire a big part of their employees.
Getting loans in times of a recession is a big mistake. The interest rates are going up and the future revenue might be going down. I'm talking about other businesses. The online gambling industry doesn't need loans, in order to survive.

I guess, yes, the house always wins however we can manage our chances of winning against the house which is why gamblers keep on making strategies to minimize the chances of losing however in the long run the house will always have the advantage, especially on games such as Slots and Dice. Also, the uncertainty or the unknown that Wexnident mentioned is more likely to depend on our luck whereas even if we bet on the highest odd that we can win, we can still lose to it.

Managing a casino is one huge balancing act.... you have to make sure that you are building a huge enough bankroll ..so that you can pay out all the winnings, but at the same time you have expenses to pay for the operating of the casino and you have to make a profit.

Luckily for them, they can manage the RTP of the Slots that they offer and also how much they spend on advertising and also how many people need to be employed to operate the casino. (They simply reduce the support .... adjust the RTP and lower the budget on advertising to increase their profits)  ::)

Well, I doubt they were hit hard because of the pandemic and the economic issues. It's more devastating on physical casinos and many of them closed down shop because they cannot maintain the expense anymore.
Online casinos are the ones harvesting those players now. Recently, I just saw a friend who had been playing slots non-stop, he even asks me for money online which he will pay for cash.
They will always have customers as long as their game is appealing. It's not about cutting anything; it's about adding more spice.

But this is the reason why people go into gambling and no one can deny it. They believe gambling will make them come into new wealth so they can have an easy life style with alot of women chasing them and enough booze to go round for them. Women love wealth, cars, wine, they love good material and flashy things. This is what money can do. And those who take to gambling to achieve that easy money do not often get lucky. Rather the little they have is taken away from them by the casinos through losses.

Well even if the economy is good, those who got it rougb turns to gambling in hopes of taking the prize home and not working for the rest of their lives. That's why a lot of people are betting on the lottery; they want to change their lives around in an instant and without doing too much work, so lottery is their best answer for that. I kinda understand what they want to happen in the lottery, but in other forms od gambling? Not so much.

While I don't think the current economic situation is hitting casinos as hard as other kind of businesses. I noticed that not long ago there were a relative lack of signature campaigns here in the forum right after a succession of red days, which led me to believe casinos were cutting some costs by limiting their advertisement campaigns or at least by relocating them.

Not just casino but managing in general is not an easy task. Many people wants to become a manager because they think it looks cool and they also think about the perks but not until they know the struggles of being a manager. In casino business, managing bankroll is important because there are many people who are interested to gamble and bet more.

We need to make sure that we can pay those who win big. When it comes to expenses I think online casino have an edge because they are online anyway and you only need to hire a few staff for some positions like costumers support. Advertising can also be done free online because social media sites and forums are free to access.

Relating to signature campaign here I think what determine it more is btc price. If the price is dropping the number of the signature campaign get to reduce or not new campaign will be advertised but not very certain, just what I think. Casino are benefiting more because gamlers increase more. People introduce their friends daily to try luck for money through betting and playing casino games.

There is no doubt that online casinos are really a demand, especially during the pandemic or even amid the bearish market.

It's just that the competition will be tough. I believed if an online casino is cutting costs or something along those lines, that's because maybe they can't attract many users because of what I mentioned about the tough competition between online casinos. Pandemic, bear trend, recession, market not doing well - I think even with these economic situations, gambling won't stop its dominance and will just continue to grow.

but don't take for granted that during the pandemic days, there are several casinos and bookies that were launched and are still doing great up until today. online gambling business in indeed one of the businesses that thrive during this crisis. as the number of these casinos and online bookies are still growing, it means, they are finding this business a very good one to earn profits. because if not, they won't dare to spare their funds in setting-up this kind of business.

It was in demand during the pandemic because people were so bored and have very limited access to do other recreational things in the comforts of their homes. Hence, they tries to find other ways to relax themselves and have some past-time. Despite the bearish market as well, many people are still engaging in gambling because they see it as a form of entertainment and way to earn some profits while making bets.

Indeed, competition will be tough because there are now so many casinos or gambling websites that are reputable and credible which will offer your good quality of service and variety of games to play with. It will just be a matter of consistency. The consistency of the casinos in offering great quality of service to their players will matter the most in this modern competition. How long they can satisfy their players and how innovative they will be to attract more players in the long run will keep them afloat the gambling industry.

It is expected that casinos will continue to do well whenever the economy is bad as people continue to gamble thinking it will bring them solution. World economies will never get good and buoyant for every body. There are those that will be left out. This is why casinos and gambling outfits will continue to exist. Every business that is not about putting money in other people's pockets will suffer whenever the economy gets bad. But not casinos. The only thing that can make casinos suffer is government policy.

That's because casinos know how to treat gamblers, especially those who frequently come to their casino sites. Giving regular promotions will certainly interest them in trying to get something interesting and that is also what makes them frequently visit the casino site. Experienced casinos already know what they have to do to invite more gamblers. They must have prepared a financial reserve to support the finances at the casino because if many whales gamble, they can use the financial reserve later.

But it's not easy to manage our chances of winning because we also have to think about the luck we have to have while playing gambling. They can minimize the possibility of losing or even reduce the money they get from each loss. But that's only if they want to reduce the number of losses. Apart from that, they can lose more if they are not aware of it.

If they gamble just because they want to win a lot of money, they better think again because gambling is not designed to give us a lot of money but the opportunity to have a lot to lose. But we have seen that some people can earn a lot of money and change their lifestyle to be more advanced. But usually, it won't last long because we still have a lot of money even though we have little money left.

We cannot expect everything to always be rossy for them as there are hit times as well for every venture in life, this is the period whereby we consider them to have drop in foow of income due to many reasons that might have been behind such occurrence, they also have the peak period whereby they make recovery to evey of the downturns they have encountered in the past, it has always been that during trying times some of them cease to operate because of the extent of the looses which is beyond what they can bear while some maintain their standards and take loans to sustain their existance, but it's all because it is profitable makes many people to think about starting one and they will also embrace the challenges that comes in through, because every business has it own means of same encounters but funding is one of the key means to keep it rolling.

Government policies and own policies, I would add.
But we should not forget that government policies itself are bonded to the economy and the economical model of the country. In the end, casinos are businesses and if a country is going through a crisis and the party in power is in favor of non-liberal policies then casinos could see more taxing by the state, that is an example of the connection between the economic climate and the health of the gambling industry. It is situational, but it is possible; I have seen people and politicians (in USA) calling for an increase of taxes to businesses and wealthy individuals, casinos enter that category I think.

I agree that even in harsh times people continue to gamble, that is something I have witnessed myself here in my country as I have told in other threads.

Generally casinos make more money from the customer and not losing more. They profit more than the lose this is what I'm saying.. If casino is complaining of lose maybe it is the winning for that time that is very high and that type of winning is not always coming all the time. Casino have more profit from gamblers than losing to them. It is the money for staking that is used to pay winners and not fresh money from owner, this is why people invest in casino.

House do always win in the end, we do know entirely on whats the set-up or ending of all gamblers which is to lose money in the long run.Only a few could
make out some money but the rest are really that losing that much.This is what makes gambling business really profitable because of that never ending search for big hits or wins
from those people who do play and seeking for that thing.We've seen that gambling industry had able to sustain despite of the pandemic situation.
Some saying that there are ones who had closed their doors but eventually did came back when everything is going back to normal now.

I'm not sure that traditional casinos have shifted their service online during the pandemic. Can you give examples?

What I'm sure is, they just decided to close temporarily because there's no choice but still remain as a physical casino when they are back in service.

Either way, now that pandemic is almost controllable and now a part of daily life, physical casinos will now be back being active status again.

House was designed to give advantages to casinos.

That's why for gamblers to make at least a good winning play at casinos, they should try to take a break after a big win because in the long casinos will just eat their entire balanced. That's why it is called gambling.

That's the reason why casinos are making good profits even if the world is suffering from financial problems because of the pandemic or when the crypto-market is on a bear trend.

It all depends on the financial strength of the casino as everyone is actually feeling the heat of the global economic recession right now.
Most of this casinos especially tye online casinos should be thriving more now because it is seen by most people as the hope of tye common man and an easy way outnof hunger, well as a way to also make ends meet.
In some underdeveloped countries like mine which have been greatly affected by this recession, with a greater number of workers been relieved of their jobs, tend to Mae this people fall back to gambling as a way to survive and make ends meet
And you should know that if their are greater number if people diving into gambling, then the casinos should be doing well or we could have been hearing if casinos folding out of business which isn't the case.

I think online casinos are doing great. Of course financial situation has reduced their income, however they still grab a lot of money from gamblers. There were always gambler, there will always be gamblers. Infinite business I must say. While gambling, people seek to many goals. For example my post soviet country is filled with hundred if not thousands of small slots game rooms (they have proud name of a "Casino" lol). No matter how bad is situation in country, no matter what time is, they are always open. I am 100% sure that neighbour countries are also having such thousands slots game rooms. As to online casino. You just need a page, script, admin, some tech guys, and few more people like security manager. You dont have same expenses as offline casino. It is easier for them to survive, yet hard to survive competition.

Actually, I think they are gaining more than physical casinos.
It's just divided because there are many online casinos and sports bookies that opened up. But sum it all up, the money coming in will be much higher than the total of how much the old-school casinos are making. I don't have the numbers but that may be possible in today's era.

You are right, the expense of opening an online casino is not much for capital. They don't need a big space to rent, just need enough room to put in encoders, customer support, computer specialists, and marketing unlike physical casinos which also buy the devices for slots, tables for poker, blackjack, and it's maintenance.

In my understanding, the online casino business industry is different from other businesses in general, I mean buying/selling business or secondary and primary needs business.

Organizing or managing an online gambling business has no effect on the bad world economy, the gambling business adapts from its visitors, the more visitors and risks its assets and the greater the profits, Online casino sites do not make sales, as other businesses do, if sales are not achieved with certain targets there are cuts and reductions in staff and so on.

As far as I know the gambling business there are two items and categories of online casinos maintaining, growing and collapsing, namely: a lot of visitors they develop and don't have visitors they go bankrupt and die, regardless of whether the world economy is bad or good, example: The Impact of Online Casinos on the World Economy (https://www.google.com/amp/s/qrius.com/the-impact-of-online-casinos-on-the-world-economy/amp/).

Everyone needs to cope else they will cease from operations since there have been economical challenges all over everywhere and this is not really a location base this time, gambling sectors is as well finding it difficult to cope but still yet they maintain their active versality in presenting the gambler's choice with gambling at all cost, if they should close down it will be an additional accumulation of pressure upon them because some of them were already finding a means to clear their debts and settle all loans incure during the covid  pandemic closedown, it time they need to thrive and strive hard to escape the challenges since everything is back to full operations after the experience of covid closedown, they must continue to operate in other to liberate, if they don't want to remain in debts settlement.

 I want to play at the fairspin casino, I've heard they are launching a one million dollar tournament. Does anyone know anything about this?

I had experience with them. It seems like an honest casino.

I've been playing there for a while and I've gotten a $50 deposit bonus a couple of times already.

I see. And to get the bonus, do I need to do something extra or just play?

The good thing about online casinos is they got more clients during the pandemic period.
Unlike physical casinos, they did have hard time in the past couple of years, but right now, they are in the recovery period.
So in case of online casinos and bookies, they are doing well with the business as a lot of gamblers find their way to bet online.
Just look at the number of casinos and bookies that were launched during the pandemic period and the gambling boards in the forum.
You will notice that most active sig campaigns are from casinos/sportsbooks and they are running long time, which means, they can sustain its promotion.

well, I didn't do anything special. I just received an, so it's a good bonus for doing basically nothing ;)

Ok I got it, thanks!

I heard a few in our country, but it is not like they set up cameras around their physical casino and they start live videos. Instead, casino owners lunch a website containing games in their physical casinos so those gamblers can still play at home. As we can see that our economy is already up and running right now casinos are back and running now with also special measures, but I am sure that it is not the same as before that there are a lot of gamblers that will visit casinos as some prefer to play online.

During this pandemic, it provides an advantage for online casinos because they get additional users from people who are used to playing in offline casinos. Reputable online casinos know this and keep running promotions that attract more and more people. In this forum, there have also been many online casinos that have been launched and have received many users, even from abroad, so online casinos have developed better. And there will be many more casinos launched on this forum and it will be the choice of each gambler to play gambling.

Actually, The pandemic is the great time for casino to go all in in their marketing and new casino that time utilized the pandemic to their advantage to launch their businesses. One casino I know that utilized the pandemic is duelbits, They are a casino that has reputation now and has a loyal gamblers. Launching a casino now is not as much easier and effective compared during the pandemic. Businesses should utilized the demand since we know that the demand decreases over the time and the opportunity can possibility once in a lifetime.

If closing a business and then reopening it (when the situation improves) is much more expensive than keeping it afloat during the crisis, then I think most projects will take measures to save money and even operate at a small loss but will not close. Those who survive the crisis will subsequently receive more market share and more profits. No one knows the duration of the crisis and its depth, so such planning has risks and, in a sense, is gambling. So we see a rare case where casinos gamble, hahaha.

You'll likely find that gambling companies will perform well in periods of instability and depression compared to other sectors. In some sense the demand for entertainment in the form of betting is rather inelastic, like smokers who will continue to buy cigarettes even with large increases in the price of a packet, it's almost irrelevant to people who make heavy use of it. The only people who might not be playing any more, are those that have decided to cash out from crypto entirely because they've seen a large drop and got scared it will go lower. However most gambling companies these days have such a wide range of payment solutions accepted, it is unlikely to have a lasting impact at all.

That's the advantage that the online casinos took during the pandemic. As everything has shut down due to the pandemic and many are looking for entertainment.

They've decided to get on with the different online casinos for which has resulted to more users on their end. But as things come back lately, I think that things are normal again for them.

Online casinos are the ones who did really make out some significant revenue as for online or physical places had temporarily closed their doors due into that pandemic situation where health protocol was the most

important.It did really take a sure hit into those gambling owners into those casinos.Now that we are already going back to normal then it is really just casual that they would really be going back to operation once again.
For sure they would really be coping up on what they had lost on that particular time..

It is really just that hard times could really happen and as a business then it would really be just understandable that they are really doing those casual stuff or operation.
This industry is big and profitable on which it cant really be denied that it would be taking less time and getting on what they had lost and as long
there are players or gamblers around then it wont really be that much a hard thing.

Although there are still some things to avoid as the virus is still with us. Some local casinos a few months ago still has to close due to the contraction and they have to be careful with it.

They're still on the process of recovering and they haven't fully recovered yet. But I think that many from those local casino players have started to like how it's like to gamble online easy.

During the pandemic it was a big blow for different businesses all around. During that time period gambling industry too experienced the worst. Taking it an opportunity online casinos came into existence in large numbers. This once again made them into good profit as people who are shut into their home started using the platform for entertainment and money making.

The users that enrolled during the pandemic continues to use the platform. They have got specific edge on every bet and the same keeps them good at all market scenario.

So behind yesterday's pandemic, several casinos could use it to make a profit so that now, the casinos can be even bigger and get lots of users who often play on their sites. Launching a casino is difficult because it requires careful preparation and you have to know what to do after the casino is launched. And if the owner or team already knows, they will go according to plan to achieve the targets they want.

Online casinos have found a good place for gamblers and even offline gamblers because they are confused about finding a casino they can still use as a place to play gambling. And fortunately, with good promotions on the internet, gamblers can easily find the casino, and even many of those who don't know about crypto can immediately learn to use it to play gambling at crypto casinos. And after everything slowly returned to normal, these gamblers continued to play at the same casino or looked for other online casinos because they found comfort in playing gambling at online casinos.

Online casinos were the option many people went for during pandemic as there was lockdown for the virus not to continue spreading. There are people that were not gambling that time but because of idleness, they gamble online, this makes online casinos to continue to operate at the time. But sport gambling sites that do not have casino would be affected as many leagues were suspended for sometimes.

In my area, no pandemic again, you can enter bank without nose mask and other places nose mask were compulsorily worn, no need for it again. You can go to casino or offline betting agents to gamble even without nose mask now. The pandemic is gone here and in many places too.

Online casinos indeed became popular during the peak of pandemic because there are many protocols involved that are strictly imposed for safety reasons. The peak of the pandemic brought the gambling world into the comforts of the players home. Some casinos even started during the pandemic. It became an opportunity for some to make a profit and it became an outlet for some to release all of their frustrations and stress from the crisis back then. It wasn't easy surviving the pandemic for sure especially to those casinos that are establishment-based. Since operations are halted for physical casinos, they had to step up their game to be able to stay in the gambling industry.

But right now, I can say that they are doing good so far, especially those casinos with physical locations such as in resorts and the likes. This is because the pandemic is gradually being solved by achieving the herd community with the help of vaccines. Of course, some places still impose strict health protocols, most of them are those indoors. But other than that, most areas are now transitioning into new normal given that we are already recovering from the pandemic crisis.

Almost all from different industry have experienced the worst in their businesses except those pandemic proof businesses. We're not sure how many of them continued to gamble and use it still as a platform to survive. I know that many of them but those that has just started during the pandemic, we don't know the exact numbers.

It is a successful combination of many things that made online casinos peaked during the start of the pandemic and it's already attached to it even things have became almost back to normal.

The convenience that it has brought for many gamblers is what holds them back at it time and time again.

Yeah, those that took the leap of faith because it's all lockdown and there's no way for them to go outside. They just did what they think will make them fun and that has resulted into looking into online gambling, crypto and not.

And that's what makes online casinos able to get more members because it turns out that many people who often play offline gambling are interested in online gambling games. And after the pandemic started to be overcome, offline casinos also opened their business again, which didn't make offline gamblers return to offline casinos because they can find fun playing gambling at online casinos. They may keep returning to offline casinos but also play online gambling.

Well everything in this life can also be treated as a need that is equivalent to having a little luck to solve certain things, and that are obviously one of the best things that are sought in life, obviously some people put all their faith in sports betting, in lotteries and in many things that can cause them a great way to live in an easy way, others only play because they like to play lotteries or sports bettors see it as a hobby, but really in the world those who play the most lotteries is for your life to change, and this is known by the lottery platforms in the world, it is something that is necessary for them.

As long as there's someone would like to support the crypto gambling casino or the casino itself they can sustain their current living. All businesses must need to adapt to the environment, else they don't get in the ride, and the peoples choose if you are out of the trend possibly the users not get entertained this is the main goal of the casino to give satisfaction, I guess in this current crisis they didn't get affected too much instead make another way with the online gambling.

It’s enough to know more about the casino and sports betting in the forum itself. Crypto casino was became a part of our life, many people engaged in the crypto casino as a full time job for now. But few people doing this as the short term and for the entertainment. This type of crypto casino should be encouraged as compared to the offline gambling. Because the most possibility to win the game is online casino as compared to the offline gambling. Most of the people still had their good opinion in offline gambling, but the shock one is many of their country will not allow to do of offline gambling.

Adaptation and be versatile is what a certain business should really do if they do want to last up on this industry.Yes, its hard but its not something that impossible.We know that hardships and challenges
are really always a part of business where you do need to make out adjustments if needed.Lots of things had been closed up their doors on the time on pandemic time plus other economical related
problems which would cause for these businesses to close their doors or totally shut off.As for gambling industry then i dont see for it to be badly affected, yes there are some had
already closed down but most of them did sustain.Why? As long there would be those players or gamblers whom do continue to play then they would really continue to exist.

Can you mention these 2 big gambling platforms?

Do they actually really say that they are decreasing the monthly bonuses because of financial-related problems?

If that is so, isn't it will result in a much worst situation since their users might think that these platforms are not worthy to put trust in anymore as they are close to facing a financial struggle that might lead to closing the platform?

i don't think any casino or business would disclose that they are having financial problems. because for sure, this will create panic or trust issues and may slowly reduce their patrons. they maybe are reducing bonuses  or rewards, but they won't say that they are on the verge of bankruptcy. or maybe, they are allotting other promotional activities to other aspect of their business. who knows?

That is not a way to reduce the cost. Didn't you know that promotions and bonuses do have a wagering requirement and that will lead users to deposit more money just to reach the requirement? Since gambling sometimes resulted in losses, that user is unable to reach the wagering requirement.

Casinos do have advantages on that promotions therefore it's not wise to reduce the cost for that. That's not a wise idea to do to cut expenses.

That is what I have noticed too, but I not do think that should affect bounties and altcoins signature campaign most because new projects at that time would be significantly reduced. I understand you, it is also true that some campaigns will stop advertising at the time too. I am surprised some people are still saying not long ago that there is lack of signature campaign, I do not see anything like reduction in signature campaign because of the pandemic and recently there are many signature campaigns on this forum. This year, the price of bitcoin falled significantly but there has been signature campaigns on this forum on this forum.

One way that online casinos and sports betting platforms may be adjusting to the current situation is by offering promotions and bonuses and running campaigns here in bitcointalk to attract and retain customers. They may also be focusing on expanding their online presence and offering more options for online payment such as bitcoin and other cryptocurrenci, especially with the previous Covid 19 pandemic.
Another way that these casinos may be adapting is by offering new types of games and create their own special games or betting options in order to remain competitive and  bring wider audience. This could include adding virtual sports or esports betting options, for example.

Perhaps you are taking this beyond what it is. As you see casinos reducing bonuses is the same way I see some increasing bonuses to win more customers in the competitive market. Companies can increase or reduce offers irrespective of their gains/losses and economic conditions. After all, it's bonuses, and the conditions to win from them are often stringent.

What I'm saying? The global gambling industry doesn't look stressed at all, rather it's growing with an increase of $287.43 billion in 2021 to $456.61 billion in 2022. Those companies might only did as they like.

Source: Global casino  (https://www.globenewswire.com/en/news-release/2022/09/28/2524077/28124/en/Global-Gambling-Market-Report-2022-Market-to-Reach-876-Billion-by-2026-Blockchain-Emerges-to-Change-the-Tide-of-Fortune-for-Gambling.html)

I do think that they are in the best situation right now as they can take advantage of their platform- which is being exclusively online. They have the upper hand when it comes to this kind of situation since they can take advantage easily of their users in gambling on their own convenience.

Remember that COVID taught us that an online set-up is more productive and manageable. With their current existence primarily online, the convenience of gambling online has skyrocketed ever since. That is why, I doubt they are coping and struggling with the current situation.

Yes because giving bonus is somehow to attract more customers or gamblers to switch from one gambling site to their casino. Even though they are giving a lot of bonuses maybe to referral or what still we can say that they are earning more because of this strategy. They can decreases monthly bonuses and make another move by creating bonuses to new players .

Many businesses were negatively affected by the recent pandemic but am not sure businesses like online casino's and sport betting platforms were that affecti like other businesses. As people were forced to sit at home which made the movement and exchange of goods and services to cripple but casino's and other gambling platforms were rather enjoying what I'll refer to as a sit at home patronage by every gambler through the use of the internet and it was at that period new games were the stimulated football game and others were introduced and bonuses raised to attract attention of more gamblers which showed they were innovating along with the situation brought by the pandemic. Cause many persons who's source of income were halt by the pandemic now saw the online gambling as an alternative source for aide hustling to earn some little bucks which really brought profit to the gambling industry at that period unlike other sectors of the economy.

Primarily their bonuses are only focused on new players or newly registered accounts, and it is for them to attract new users. There are only a few bonuses to the existing user. That referral system is one of the bonuses for an existing user that you will get, but you need to persuade people. Also, there are raffles or promos. This is primarily the strategy right now as they need a lot of customers due to the economic situation right now.

I agree about the fact that the pandemic has increased traffic to online casinos compared to land-based casinos, but still I think it's not the best time even for online casinos due to the fact that inflation in many countries is very high. The governments of these countries are tightening monetary policy and as a result people are spending a lot less money. And according to statistics at a time like this people save the most money on services and entertainment (which includes gambling).

We didn't get any reports that crypto casinos are laying off employees however which means they are holding up. The covid that made us stay inside our houses shifted our attention to online stuff and gamblers online I guess increased more with the help of smartphone adoption.

And it will keep growing according to the report.

I think they are fine, they don't need to do any adjustments.

As from 16 October to 13 November 2022, there was a cricket tournament ( ICC world t20 cup) and cricket is the fifth-most betted-on sport in the world.

After that, FIFA World Cup started ( and I think FIFA is the most betted event)

So in my opinion the sports betting platforms are fine and it can be guessed from their promotion campaigns that they are earning well.

They don't need to cut the campaign but they can just adjust the pay rates according to the price of BTC. I even think that there are more campaigns that will open because BTC is cheap. Casino owners can buy more BTC and use most of those BTC to reward their promoters.

Gambling places are also going to be in demand because people are looking for ways to multiply their BTC's because its value have gotten smaller and when they lose their BTC, it won't really hurt them as opposed to when its value is expensive. Bounties on the other hand are different because they are only paying with altcoins but mostly in the projects' own tokens.

I don’t see any casinos in our country that have kept operating during pandemic, all are advise to close and stop their operations temporarily. So definitely, all the employees have stopped from working and have to find other means to gain a living. And AFAIK, those physical casinos that have closed were never seen also operating online, while those who have started as online casinos have continue to operate as if there is no pandemic happening.

If the casino has still a strong back up for its funds, then there’s no reason that it will be affected by the current pandemic and would advise to close. After all, those who have stopped from their operations have been weighing the possibilities that if they continue to operate, they will certainly end being bankcrupt. Most likely, online casinos that time have given more opportunities to earn an income since the people find it more convenience to play at them at the comfort of their own homes.

Things are really hard now so all these casinos need to cut expenses so that they can cope with the current hype in price and inflation. The rate of bonus will reduce and other things so that they can meet up with the current market dip. The year is just ending and I hope by next year things is going to be better than the way we are seeing it now.

The future is shaping a bit more clearly. After the whole super league thing, we all know uefa decided that they want to build a league, and that's understandable, and we are going to move towards that a bit more.

But, turns out it would be just a group stages level of thing for the league, so in the comn years, we will have group stages again, but more like a league, and teams will play a lot of games, but after that we are going to see the first 8 go up, and then from 9th to 24t if I am not wrong going to play playoffs, and another 8 will come from there. Then the last 16, quarter and semi and final games etc as usual.

This should be bringing a lot more money considering how many more games, and I believe anyone who knows this should fill their team with 20-22 year old players, which would mean they would make more money and all other teams too and could sell those players for a lot more.

In bad times casinos do well, in good times casinos do great. There may be less players with money around during the middle of a recession, but if you consider the very low operating costs of an online casino (at least in comparison to physical casinos), then you can understand that they are massive money makers regardless of the current economic conditions. You would have to find some extremely bad management or a chain of very unlucky events to take down these gambling enterprises which at the biggest level are making their owners millions or tens of millions per year after all other costs are paid. The owners of the biggest casinos here are able to afford some big yachts and if they're wise then they have also diversified.

A casino usually doesn't have a bad time. The only bad times I can imagine are the last few years when Covid19 has hit hard. But we hardly hear anything about that anymore, we no longer see people with face masks, so I think that is as good as a thing of the past. A casino turns extremely high turnovers, so much that they have easily built a buffer in recent times to cope with some lesser times. An online casino actually never has bad periods, unless a player manages to win a lot of money.

ya.ya.yo!

Maybe they don't have to do anything? I mean lets realize that you do not have to keep making huge profits at all times, you could just cover the costs and that's it? That would be good enough as well, and keep growing as a business is the key.

I knew an old guy who unfortunately passed away a few years ago, and he owned 4 huge factories for his products, imagine needing 4 huge factories because he was selling that many products. Until he passed away, dude had more and more and more debt, he kept on being on a loss all the time, as a company that sold 4 factories production worth of products they were always making a loss, weird right? Not really, if you are growing as business value, then profit doesn't really matter, because while he was in debt, his company became from zero to nearly 27 million dollars when he died, that's what he focused on, the value and not the profit.

It depends on the kind of casino you are taking about, when it comes to the big casinos which are incredibly popular within the community I doubt they are coping at all, to me this is just business as usual for them as they have so many clients all over the world and they have gotten so many profits over the years that something like this does not affect them, however for the small casinos the current crisis can be problematic since they do not have the funds or the clients to overcome it so easily, so I would expect several of those small casinos to disappear during the next months.

I believe not all casinos have been affected that much with the pandemic and are subject to close until further notice. There are still who have remained on the operation and with the same updated games, bonuses and promotions because that’s the only way they can attract more users to play. Maybe there are less physical gamblers before when the pandemic is at its verge since others have turned online, and those physical gamblers have come to limit their bets since everyone’s budget that time were so tight. But I guess for now, everything is starting to be back to normal, and those who have closed have resume their operations already, which means the competition for this type of business is stiff again.

One thing for sure is that, bad and unfavorable market condition does not effect all business, and if you can recall this year 2022 which have been filled with so many uncertainties and bad market condition, we still have a few other projects that this year best year for them, in terms of profits maximizing and other development.

And gambling platform and the e-gaming industry is one of the young fast growing industry that have witnessed a lot of success in the near market and no doubt the fact that some casino has closed down because of bad market conditions while others made milestone progress in t year too.