How do casino owners benefit from creating multiple casinos?

[DabsPoorVersion]

I believe that there are several reasons why online casinos create various websites. Firstly, each website has different content and caters to a different audience. This means that the target gamblers vary depending on how the online casino is built. Secondly, they might be diversifying their business by creating new branches, much like opening a new location. Lastly, they could be following the gambling policies of the country where their target audience resides.

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[nimogsm]

This is simply scaling the business, more players, more profit.Different platforms can have different games and different bonuses and other benefits, and only one owner will have profit from all projects.
It’s like with gas stations, one can be in the city and the second one can be outside the city, and both of them make a profit and have occupied their niche and have their own regular customers.

[Zoomic]

Owning a casino is strictly for business and the  owner of this casino will fight hard to make sure he remains in the market in  the longrun. Creating multiple casinos is simply a strategy the owner uses in order to dominate the market. They want to make sure they join forces together to fight off any form of competition and be the market leader. Ofcourse we know market dominance means more patronage and more patronage guarantees more profit. If while doing this,  the casinos owner notices that he is incurring more running costs/losses  than gains, some of the casinos or the casino with the more running cost would have to be closed down. All these can only be achieved if the state where his casino is sited permits one person owning multiple casinos.

[Ultegra134]

I'd consider it a form of monopoly. I'll start with an example: most eyeglasses and sunglasses are made by one company, Luxottica, so if, for instance, you bought the X brand of glasses and decided to switch to another company, for whatever reason—price, quality, you name it—you're thinking that you're avoiding X by purchasing Y, but in reality, you're buying from another subsidiary of one huge company; you're just not aware of it.

So in theory, this is extremely similar to what the OP mentioned. Now switch eyeglass brands with casinos, and you cannot tell the difference. If you're not satisfied with one casino, have troubles with their KYC, or aren't satisfied with their bonuses, you switch to another one, but in reality, it's owned by the same person. That way, you're having multiple income flows, and there's a decent chance you're not actually losing your customer if he abandons your platform for another.

It sounds plausible to me, at least.

[decodx]

How does this practice contribute to their business? It seems illogical as it might increase operating expenses without an obvious benefit.

I disagree. Having various casinos could seem expensive, but it's actually smart business.  When companies set up multiple gaming sites, they expand their reach to hook more players.  It's also a chance to try out new games and strengthen their rep.  So while it requires some initial investment, operating different casinos can pay off down the road through bigger profits.   

I mean think about it and  more sites equals more visibility and more hype surrounding their whole brand.  Even if some of the ventures don't totally pan out, the wins they score still drive up overall revenues.  It allows them to cast a wider net, if you will.  What may appear costly on the surface can actually demonstrate some business savvy in the grand scheme of things.

[coin-investor]

I have noticed that there are multiple casinos in the crypto space owned by the same person or company. I am curious about the reasons behind creating additional casinos when there is already a running and profitable one.

It is industry practice and can be done in any industry, especially in the gambling industry, we all know gamblers are experimental they want to see new interfaces and new games and explore their luck on other platforms and they can easily trust other casinos with association with casinos that they've already played and trusted, there are advantages and disadvantages but the advantages outweigh the disadvantages if the casino can build their brand and their reputation and the disadvantage is if one losses its reputation the other one will also lose its reputation.

How does this practice contribute to their business? It seems illogical as it might increase operating expenses without an obvious benefit.

They can easily make a quick profit once they are up and running because the new casino all has to do is connect to the existing one, it will partake the trust reputation and brand of the existing one, making the new casino's operation smooth.

[DubemIfedigbo001]

From what I understand, there are several reasons for creating additional casinos when there's already a profitable one in operation:

Firstly: it helps diversify their business. This reduces risk as they aren't overly dependent on a specific income source.

Secondly: there might be specialization or targeting of different market goals. One casino could focus on a specific style or player demographic, while another targets a broader audience.

Thirdly: creating more casinos can be a strategy to compete with others in the industry and attract new players.

Fourthly: companies may want to experiment with new ideas or technologies in a new casino before implementing them in their existing one.

Lastly: each new casino is seen as an opportunity to reach and advertise to a new player base.

In summary, the creation of additional casinos serves to diversify business, focus on different market segments, compete effectively, experiment with innovations, and tap into new player demographics.

nice one bro, Diversification of business helps reduce risks in business operation and also gives a business owner capital and property security in events of law preying on his investments. Legal actions may be pressed on one, while the other operates freely, since they're registered differently with different boards of directors and shareholders, the shutting down of one business has nothing to do with another one. Secondly is testing out another business niche, or business expansion strategy. There are other business effective reasons why this decisions have to be made and I think Businessmen likes diversification a lot more than rigidity. Sometimes, a company policy that cannot just be changed immediately to a new one, and the new one is viewed as very practicable can be explored under a new company to stay very much competitive in the same market and reach out to a greater audience.

[ethereumhunter]

Business owners want to spread their business not just from one casino, but if possible, they will create more than three casinos simultaneously. They know that the crypto casino business is growing very well and even if there is government supervision regarding crypto casinos, it will not have much impact on their business. If they can spread their gambling business into several casinos and everything runs well, that means the casino owners can get additional profits that will get bigger over time.

The operational costs may be greater because the casino owner has to handle all the casinos simultaneously. But with the experience they already have, they will be able to handle it well and get the attention of the gamblers.

[Juse14]

Casino owners gain a lot from owning multiple casinos. First, a larger number of casinos can increase market reach. With widely spread locations, they can attract more customers from various regions. This means more people will visit one of the many casinos they have. The second advantage is risk diversification. By having multiple casinos, they can reduce the risk of losing revenue if one casino does not perform well. When one venue may not be making the expected profits, another casino can shore up and provide a steady source of income.

Additionally, having multiple casinos also opens up opportunities for synergies between their properties. They can use one casino's experience to improve other casinos, share best practices, or offer promotional packages to customers who could potentially use their facilities. These are all ways that enable casino owners to increase operational efficiency and maximize profits from the portfolio of casinos they own.

[Westinhome]

I believe that there are several reasons why online casinos create various websites. Firstly, each website has different content and caters to a different audience. This means that the target gamblers vary depending on how the online casino is built. Secondly, they might be diversifying their business by creating new branches, much like opening a new location. Lastly, they could be following the gambling policies of the country where their target audience resides.

The gambler after get bored with one game,he will look for the other game.So to keep the gamblers to their gambling site,the gambling owner should keep more game available in the gambling site.This help the gambler to keep engaged in the same gambling site because of more available of games.If the gamblers win,it help to get some money.But the gambling sites will get more fee from every game played by the gambler.If the gambler win or loss doesn’t affect the gambling site.The diversification of funds with various games in the gambling site was the common behaviour of the gamblers who were gamblers from the longer period.

[livingfree]

I have noticed that there are multiple casinos in the crypto space owned by the same person or company. I am curious about the reasons behind creating additional casinos when there is already a running and profitable one.

How does this practice contribute to their business? It seems illogical as it might increase operating expenses without an obvious benefit.

Gamblers, any thoughts on this?

It's just like any other business that expands and creates new brand for them so that the other customers that haven't reached yet by their first casino might still go for the other one that they've made without knowing that they're also it.

Some of them might be targeting new other customers that haven't been into the region where they operate. So it make sense that their expansion targets a new variety of customers from the other regions that they haven't been yet.

We see all these things also in the other business sectors where a known company expands and makes new name and products.

[qwertyup23]

I have noticed that there are multiple casinos in the crypto space owned by the same person or company. I am curious about the reasons behind creating additional casinos when there is already a running and profitable one.

How does this practice contribute to their business? It seems illogical as it might increase operating expenses without an obvious benefit.

Gamblers, any thoughts on this?

There are several factors to consider on why business owners have multiple businesses of the same platform, to wit:

• Drive competition;
• Different operating places in several countries;
• Offer different services/games on different themes; and/or
• Cater to different customers

... and the list goes on!

Sometimes, when you see lots of online gambling platforms, it somehow scares away potential business owners to create a new one- it is like artificial fear in a way that you try to drive away people from coming in the same business.

In some countries, the law on gambling varies as there are a few who have strict gambling regulations while there are others who are lenient for such operation. At the end of the day, every gambling platform is designed uniquely on everyone's taste. There is no "all encompassing" feature that will attract all users to one (1) gambling platform- that is the reason on why there are several platforms being created with their each and own design.

[Jawhead999]

The gambler after get bored with one game,he will look for the other game.So to keep the gamblers to their gambling site,the gambling owner should keep more game available in the gambling site.This help the gambler to keep engaged in the same gambling site because of more available of games.If the gamblers win,it help to get some money.But the gambling sites will get more fee from every game played by the gambler.If the gambler win or loss doesn’t affect the gambling site.The diversification of funds with various games in the gambling site was the common behaviour of the gamblers who were gamblers from the longer period.

Base on your explanation, it means there's no point to have more than one casino lol. If someone want to play other game, it doesn't need to have other casino since one casino can include gambling providers as many as possible.

It's wrong if you say win or lose doesn't affect the casino, if many gamblers are win, the casino will going to bankrupt. I don't think many gamblers are use many casinos to diversify their portfolio.

[Peanutswar]

Because of having an option to the players, if you are just establishing a one casino already and people want to seek more different with your casino you know you can capable to have to create another casino with another brand is you can give another quality of services in the other so you can have a choices if you want to play with the Casino 1 offering or the Casino 2, this kind of thing can be repetitive as you can afford. This is the same with the food industry with the same kind of product with different branding but the same manufacturer.

[Lucasgabd]

I can probably reutilize the engines and some of the software but you know one thing that you will probably need? Liquidity. Some say this is the biggest bottleneck for casinos to scale up, invest more and reach more players. I’d be really curious to know and to hear more on that… interesting topic

[sompitonov]

Because of having an option to the players, if you are just establishing a one casino already and people want to seek more different with your casino you know you can capable to have to create another casino with another brand is you can give another quality of services in the other so you can have a choices if you want to play with the Casino 1 offering or the Casino 2, this kind of thing can be repetitive as you can afford. This is the same with the food industry with the same kind of product with different branding but the same manufacturer.

If a player is unlucky in one casino and loses his entire deposit, then after a while he may think that he was simply unlucky there and will begin to look for a new casino, hoping to win there. Of course, the player will not check the owner and it may turn out that it is the same person.

If you look at the situation as a whole, there are probably many large owners in their countries and regions who have divided their zones of influence. I even admit that they can negotiate with each other to prevent new casinos from entering their territory. Also, theoretically, there could be cartel agreements, but these are just thoughts, I don’t have any evidence.

[topbitcoin]

It may seem at first glance that the creation of more casinos in the crypto space by the same owner may seem strange, but it actually has several reasons. this could be a way to reach more players or customers who may have different preferences. Each casino can have different features or attractions, attracting different types of players. So, by having multiple casinos, they can offer a variety of games or experiences that can attract more people.

And having multiple casinos can provide opportunities for experimentation and innovation. Owners can try new features, different blockchain technology, or even different marketing strategies at each casino. While this can increase operational costs, it also provides an opportunity to learn from each casino and apply that knowledge to their business as a whole. So, even though it may seem counterintuitive, having multiple casinos can be a way to reach more people and test new strategies in the crypto space.

[Z390]

I have noticed that there are multiple casinos in the crypto space owned by the same person or company. I am curious about the reasons behind creating additional casinos when there is already a running and profitable one.

How does this practice contribute to their business? It seems illogical as it might increase operating expenses without an obvious benefit.

Gamblers, any thoughts on this?

I am lost here, please help me to understand,  are you talking about online casinos or offline casinos? Because one is beneficial to the owner than the other, if this person or group are running online casinos then they are doing it because they want to become successful with all it takes, and also, running multiple online casinos is way more easier than running multiple offline casinos.

* Multiple online casinos is easy to run because they don't have to be regulated, some decentralized casinos are still functioning and gamblers are using them anyway, the more people they can attract the better, although I don't like this idea because such company might be looking forward to scam gamblers one day, if they believe in themselves they don't have to create multiple casinos.

* Multiple offline casinos from same owner sounds good enough, because they will regulated all the casinos and they have multiple because they can handle them all, it's business and building casinos in different locations or countries will bring in more money, where I am most interested in here is the transparency, if all the casinos are registered there is no problem.

[Findingnemo]

I have noticed that there are multiple casinos in the crypto space owned by the same person or company. I am curious about the reasons behind creating additional casinos when there is already a running and profitable one.

How does this practice contribute to their business? It seems illogical as it might increase operating expenses without an obvious benefit.

Gamblers, any thoughts on this?

In my view, they can build one more company/brand with a little more expense which they can be sold for a big amount to someone else that is how the shark investors think. But there is no reason if they are not really have any idea to sell the business in future or have different games from one another.

[YOSHIE]

I have noticed that there are multiple casinos in the crypto space owned by the same person or company. I am curious about the reasons behind creating additional casinos when there is already a running and profitable one.

How does this practice contribute to their business? It seems illogical as it might increase operating expenses without an obvious benefit.

As far as I know, all of this is exactly the same as entrepreneurs who have several advanced business branches, for example the Coca-Cola company, that company is not only located in the United States, almost all countries have branches of Coca-Cola.

Likewise with the gambling industry, even though the owner is the same person and they have two or three casino branches, of course they have workers who can be relied on and can be trusted, In this case the finances and profits are also different, the more casino branches, of course the greater the profits.
For example:
Casino [1] profits so many dollars and so on casinos [2] and [3].

The point is: humans are never satisfied in their search for wealth, the more gambling industries they have, the more money they earn.