Can Casinos Go Bankrupt Because of Player Wins?

[lienfaye]

Well, it's rare for a casino to go bankrupt since the games are favor the house. Therefore majority of players are losing their money than win. So if it happen that a gambler win huge, it doesn't affect much the casino unless there's a bad management and the funds are not sufficient to cover the player's winnings.

Casino is a business so certainly they're prepared for such situation. But all businesses have a possibility to go bankrupt if there's a mismanagement especially for the one who manage the expenses.

[dezoel]

But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?

The casino is a company, and to build a company should have management and figuring assets by professionals. That is bad management if the Company goes bankrupt after a player won a big cash, what employer did? and is the operator sleeping?, Damn, I never hear that a new company/casino goes to bankrupt after a player won, I often hear about a new casino with bad management stealing customer money. So if you want to build a casino, you should have prepared 2 points; big capital and good human Resources management.

Basically, a casino business that opens up for the public only with the intention to steal money from people once they gamble with them will never really care about a budget or a proper management system or anything like that, they will simply create the platform by spending some money, open it up for the public to come and gamble with them, they will even spend some money on promotions, but as soon as they get enough customers depositing and gambling with them, they will start scamming their players.

On the contrary, a team that wants to open a legit casino and doesn't intend to scam anyone will surely have proper planning, and a good enough budget, and they will think through it which will make them evaluate all kinds of possibilities which will remove the possibility of them going bankrupt only because a gambler wins big.

[Jawhead999]

It is close to impossible because they have already budgeted for it; for example, in slot machines, they already have those funds and still can run the casino. We know that casinos are businesses, which is why they earn a profit every day, which is bigger than those who win big. The only reason a casino can go bankrupt is if someone wins big and their money is only enough to operate their casino, but that is bad management, so it is still impossible.

You're still included a player winning big as the reason going to bankrupt, so it don't mean casino going bankrupt because of bad management alone. Since there are many casinos went bankrupt, you're wrong if you say it's close to impossible someone win big amount money would make the casino bankrupt.

A casino will not always make money everyday, the casino just has a higher chance to win than the gambler. If the problem is come from the management, it can be solved easily by paying them with higher salary.

[piebeyb]

Well, it's rare for a casino to go bankrupt since the games are favor the house. Therefore majority of players are losing their money than win. So if it happen that a gambler win huge, it doesn't affect much the casino unless there's a bad management and the funds are not sufficient to cover the player's winnings.

Casino is a business so certainly they're prepared for such situation. But all businesses have a possibility to go bankrupt if there's a mismanagement especially for the one who manage the expenses.

Yes, you're right, I rarely even hear of casinos going bankrupt because of someone's big win, so far, even if someone wins big, it's certain that their money is there, so there won't be a shortage and it won't bankrupt the casino, after all, the casino will always win against gamblers, that's why it's hard to say casino going bankrupt if we get one winner out of ten thousand losers gambling, so it won't be worth it

I think the ratio of the number of winners and losers will certainly not be even, 1: 10000 I think it doesn't matter if you throw money at someone's victory, the casino is not stupid, they already have a system for how to win against gamblers and how gamblers can continue to play against them. that's why casinos can never go bankrupt unless they have no active gamblers because no money goes into their pockets.

[coinerer]

It is close to impossible because they have already budgeted for it; for example, in slot machines, they already have those funds and still can run the casino. We know that casinos are businesses, which is why they earn a profit every day, which is bigger than those who win big. The only reason a casino can go bankrupt is if someone wins big and their money is only enough to operate their casino, but that is bad management, so it is still impossible.

Casino sites deduct a certain amount of bet fee from each gambler which is a separate benefit to them and from this they earn a huge amount of income. on the other hand, the casino site get commission for broker from game like Blackjack. So gambling sites have very little fear of going bankrupt and I have yet to see such sites but casino sites can be scams but the casino site is responsible.

[BitcoinTurk]

Is it possible for a casino to go bankrupt because a player gets a very big win?

No casino can go bankrupt with a single player making big wins but with a few players making huge wins this will become a potential risk. Especially if a new casino encounters such a situation there is a possibility that it will not be able to meet the required payment but an old and popular casino will definitely not be at risk of going bankrupt in such a case. Since the cashdesk is always the winner in gambling casinos with a long history will not have any difficulties in paying possible big customer winnings.

On the other hand, due to the nature of gambling games many machines or games have been developed to win many times more than they will win. For this reason, all casino services that do not have a capital problem do not experience any financial problems if a few possible people make big profits. So it's almost impossible for a casino to go bankrupt like this. It is unlikely that such a casino will go bankrupt without various supporting reasons.

[Sterbens]

Casino sites deduct a certain amount of bet fee from each gambler which is a separate benefit to them and from this they earn a huge amount of income. on the other hand, the casino site get commission for broker from game like Blackjack. So gambling sites have very little fear of going bankrupt and I have yet to see such sites but casino sites can be scams but the casino site is responsible.

The casino isn't profitable from just a few losing players but as you said there are lots of ways to split the profits they've set up. In my opinion, it is unlikely that the casino will go bankrupt because before they start, they have prepared everything, the casino has the right strategy to get big profits and in my opinion, it is almost impossible for them to go bankrupt. The aim in this form of casino is none other than to gain significant profits from gamblers and the target market is gamblers who are easily influenced or provoked to do it again, therefore in my opinion there is very little chance of a casino going bankrupt.

[len01]

It is close to impossible because they have already budgeted for it; for example, in slot machines, they already have those funds and still can run the casino. We know that casinos are businesses, which is why they earn a profit every day, which is bigger than those who win big. The only reason a casino can go bankrupt is if someone wins big and their money is only enough to operate their casino, but that is bad management, so it is still impossible.

the simple understanding is that the house edge always benefits from every budget we deposit in gambling and when we play one of these games. so that the casino always gets a bigger profit opportunity and on the one hand the casino always provides a maximum limit on the number of bets of its customers so it is difficult if the casino goes bankrupt because every casino already has a system that limits the maximum bet amount.

[virasisog]

It is close to impossible because they have already budgeted for it; for example, in slot machines, they already have those funds and still can run the casino. We know that casinos are businesses, which is why they earn a profit every day, which is bigger than those who win big. The only reason a casino can go bankrupt is if someone wins big and their money is only enough to operate their casino, but that is bad management, so it is still impossible.

the simple understanding is that the house edge always benefits from every budget we deposit in gambling and when we play one of these games. so that the casino always gets a bigger profit opportunity and on the one hand the casino always provides a maximum limit on the number of bets of its customers so it is difficult if the casino goes bankrupt because every casino already has a system that limits the maximum bet amount.

Casinos already know how to handle this possible situation. They surely encounter this often times especially if a player is continuously winning but I don't think it would cause them bankruptcy as they already know how to take control of the player's activities by limiting the number of their bets.

Also, casino is still a business and owners already have enough funds for this. They will not run a business without enough capital for the winning players especially popular and huge casinos. This could only happen to new and small time casinos that aren't being well-managed financially and technically.

Casinos won't run a business without further knowledge on how to keep it running. They know where to get source of funds to sustain the prizes. They have lots of resources to get their benefits and funds from.

[fullhdpixel]

casinos will limit the amount players can bet in situations where they know they can't pay them if they win. i would wonder though what sort of game are they playing because the house always win. for new casino they only have luck base games, it's the old and famous casinos where they add those poker tables and sports that can potentially take a chunk out of their money.

I think you are right when you say new casinos only have luck-based games, because I noticed this a lot of times every time a new casino came out. Usually, they only have a dice game if not crash game, then later on they slowly add more games. The final game/category that they will add will be sports. Even in a skill based games, there will still be a chance for the gambler to lose no matter how confident they are.

This is where the casino can earn more money because basically, gamblers can risk more money here than the luck-based games. A casino can bankrupt not only because most of the players can get lucky but also because they experience a problem like they get hacked or the funds were misused by the owner.

[passwordnow]

Yeah, this is a business that the management will determine it these incidents are likely to happen. They've got a lot of money ready to be deployed if ever they ran out of it and someone wins big at unexpected time. They've got ways of controlling winning players like discouraging them and limiting their wagers.

So the casino does have the power to control players, so they can't always win big. Perhaps, only a few players can get big wins, but others will suffer big losses. A casino that owns its business will not allow all of its members to win big. And if a player who wins big doesn't stop playing, then that big win might turn into a big loss, so that will eliminate the money they won before.

They can adjust everything as they're the owner of the casino business, so owners can do that and they've got unlimited power to adjust everything favoring them. But if no one is winning such huge wins, that will be noticed by most players. Not a problem for them to allow someone to win big or just a few of them but look at the games that we're talking about. Because if they've got no control over it, I mean if it's about the luck-based games, people will win no matter what chances they've got.

Even so, casinos still have the opportunity to go bankrupt because of their players' winnings.

I don't think with established ones.

[Rabata]

It is close to impossible because they have already budgeted for it; for example, in slot machines, they already have those funds and still can run the casino. We know that casinos are businesses, which is why they earn a profit every day, which is bigger than those who win big. The only reason a casino can go bankrupt is if someone wins big and their money is only enough to operate their casino, but that is bad management, so it is still impossible.

the simple understanding is that the house edge always benefits from every budget we deposit in gambling and when we play one of these games. so that the casino always gets a bigger profit opportunity and on the one hand the casino always provides a maximum limit on the number of bets of its customers so it is difficult if the casino goes bankrupt because every casino already has a system that limits the maximum bet amount.

I think so. The more users each casino has they will get more revenue. They get a certain amount of money as house edge. Gamblers have losses but gambling platforms have no losses. A good gambling platform is careful enough on their fund that sets specific limits on bets. For that reason it is almost impossible for any casino or gambling platform to be bankrupted due to the winnings of gamblers. The biggest reason why gambling platforms are growing faster than any other business? High profit margin is the main fact behind it.

[Crypt0Gore]

A new casino can easily go bankrupt if a player win very big, and most casinos will try so much to avoid paying up, you need to know the steps to take to make sure they pay, you will need the help of a lawyer to guide you through steps.

This is why gamblers need to be careful with the casino they choose to take risks, some casinos can evade payment if the money is too high and believe me they can decide to close down the business because of that single win just to avoid paying up, do not use a new gambling platform, until they have worked a lot on their reputation and they are still in business.

The risks with new gambling casino is higher than the old casinos, there are things new casinos are capable of because they are still new, some are not even registered yet and they are looking for many customers, choose your casinos wisely.

[Doan9269]

It is close to impossible because they have already budgeted for it; for example, in slot machines, they already have those funds and still can run the casino. We know that casinos are businesses, which is why they earn a profit every day, which is bigger than those who win big. The only reason a casino can go bankrupt is if someone wins big and their money is only enough to operate their casino, but that is bad management, so it is still impossible.

There's nothing new anymore under the sun because we cannot completely concluded that there's no impossibilities with having this kind of occurrence with casinos because not all of them are  are reliable even though the rate this occurs is very small, only attributed to those unreliable casinos which may turn scam by not giving the permission to claim winning on their platform because you just hit their iceberg, but when a casino used is of good reputation and you have no issue with their kyc requirements, then you should be able to always have your money back when you win.

[danherbias07]

A new casino can easily go bankrupt if a player win very big, and most casinos will try so much to avoid paying up, you need to know the steps to take to make sure they pay, you will need the help of a lawyer to guide you through steps.

This is why gamblers need to be careful with the casino they choose to take risks, some casinos can evade payment if the money is too high and believe me they can decide to close down the business because of that single win just to avoid paying up, do not use a new gambling platform, until they have worked a lot on their reputation and they are still in business.

The risks with new gambling casino is higher than the old casinos, there are things new casinos are capable of because they are still new, some are not even registered yet and they are looking for many customers, choose your casinos wisely.

That's right.
Pick the best casinos where loads of people have already proven their legitimacy to pay up even if big amounts are being gambled. Let's take Stake.com for example with lots of gamblers who are betting up to 1 Bitcoin or more. Then there's Drake who puts in hundreds of thousands of dollars whenever he feels like he can win it. Like that Adesanya fight where he profited millions of USD.

Bankruptcy is just for small-time casinos and whales won't go there yet unless they have proven they have the capability to pay. Big-name casinos like Sportsbet.io and Stake.com won't damage their names and their business just because of an amount they won't be able to pay. It's a big company with many investors too, I am sure they can loan an amount to this name just to continue their business and of course, there would be interest rates upon borrowing money from them.

[CarnagexD]

Is it possible for a casino to go bankrupt because a player gets a very big win?

I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?

I don't believe that's the case for the casino to go bankrupt. Because like any other business, all of them have that allocated with enough funds to sustain their business in the long run and especially in difficult situations of business like this. They could have emergency funds or reserve funds. There are also times that if the player won a lot and too often, casinos will consider this as an anomaly or a player is cheating so they won't release any money until proven that there is no cheating.

There is no cheating in terms of every single game in gambling, however, there is when in terms of their system such as withdraws of your wins. More often when you win a lot, they won't allow you to withdraw it.

[maydna]

Yeah, this is a business that the management will determine it these incidents are likely to happen. They've got a lot of money ready to be deployed if ever they ran out of it and someone wins big at unexpected time. They've got ways of controlling winning players like discouraging them and limiting their wagers.

So the casino does have the power to control players, so they can't always win big. Perhaps, only a few players can get big wins, but others will suffer big losses. A casino that owns its business will not allow all of its members to win big. And if a player who wins big doesn't stop playing, then that big win might turn into a big loss, so that will eliminate the money they won before.

They can adjust everything as they're the owner of the casino business, so owners can do that and they've got unlimited power to adjust everything favoring them. But if no one is winning such huge wins, that will be noticed by most players. Not a problem for them to allow someone to win big or just a few of them but look at the games that we're talking about. Because if they've got no control over it, I mean if it's about the luck-based games, people will win no matter what chances they've got.

That's what casino owners can do but won't do it or cheat players not to win because it can bring down their reputation. This is also what a reputable casino always maintains, it can earn its reputation through many things and will not waste the trust of its players. And if it's a luck based game, many players cannot win big money because it depends on how good the player's luck is. So casinos don't hinder players from winning and do a lot to adjust everything to their advantage.

[klidex]

Yeah, this is a business that the management will determine it these incidents are likely to happen. They've got a lot of money ready to be deployed if ever they ran out of it and someone wins big at unexpected time. They've got ways of controlling winning players like discouraging them and limiting their wagers.

So the casino does have the power to control players, so they can't always win big. Perhaps, only a few players can get big wins, but others will suffer big losses. A casino that owns its business will not allow all of its members to win big. And if a player who wins big doesn't stop playing, then that big win might turn into a big loss, so that will eliminate the money they won before.

They can adjust everything as they're the owner of the casino business, so owners can do that and they've got unlimited power to adjust everything favoring them. But if no one is winning such huge wins, that will be noticed by most players. Not a problem for them to allow someone to win big or just a few of them but look at the games that we're talking about. Because if they've got no control over it, I mean if it's about the luck-based games, people will win no matter what chances they've got.

That's what casino owners can do but won't do it or cheat players not to win because it can bring down their reputation. This is also what a reputable casino always maintains, it can earn its reputation through many things and will not waste the trust of its players. And if it's a luck based game, many players cannot win big money because it depends on how good the player's luck is. So casinos don't hinder players from winning and do a lot to adjust everything to their advantage.

Casinos that are big and have a good reputation and are trusted by their customers must always have a way of adjusting the losses and wins that their customers must get so that the casino doesn't lose and the customers are also not too disappointed so that both parties will agree with everything. what happened in the casino.
Lots of efforts have been made by casinos to keep running and be more successful in developing their business without going bankrupt but having the trust of customers such as bonuses etc.
So that even if a customer loses big or wins big there is always good treatment from the casino.

[slapper]

A new casino can easily go bankrupt if a player win very big, and most casinos will try so much to avoid paying up, you need to know the steps to take to make sure they pay, you will need the help of a lawyer to guide you through steps.

This is why gamblers need to be careful with the casino they choose to take risks, some casinos can evade payment if the money is too high and believe me they can decide to close down the business because of that single win just to avoid paying up, do not use a new gambling platform, until they have worked a lot on their reputation and they are still in business.

The risks with new gambling casino is higher than the old casinos, there are things new casinos are capable of because they are still new, some are not even registered yet and they are looking for many customers, choose your casinos wisely.

This underscores a rarely discussed aspect of the gaming sector - the casino's own trustworthiness and fiscal stability. True, an emerging casino may not have ample funds for sizable wins, but let's remember the rigid regulatory framework that governs this industry in numerous jurisdictions. Casinos must hold a specific capital reserve to handle significant payouts

Legal channels are open for punters facing payout refusal, though they can be time-consuming. Your advice to engage a lawyer in such situations is prudent

A further path is third-party audits of casinos to glean insights into their fiscal health and operations. It opens a fresh conversation for the gambling fraternity and regulators

[NeilLostBitCoin]

It is close to impossible because they have already budgeted for it; for example, in slot machines, they already have those funds and still can run the casino. We know that casinos are businesses, which is why they earn a profit every day, which is bigger than those who win big. The only reason a casino can go bankrupt is if someone wins big and their money is only enough to operate their casino, but that is bad management, so it is still impossible.

Yep and it rarely happens. But I think I read a thread before in this forum that someone won a jackpot prize but the casino didn't release the money and I think they come to the point that they need to talk about it in the court because of that thing. Casino earns a lot each day and it is nearly impossible to get bankrupt maybe they can hold your winning prize because of whatever reason they have but they will not go bankrupt for sure, I never heard a casino goes bankrupt because someone's win.