How do casino owners benefit from creating multiple casinos?

[junder]

In my opinion, by opening lots of casinos, of course the main goal is probably money, especially with the current popularity of online gambling which is being done by everyone, and it could be said that in every gathering of young people, one of them will definitely be playing online gambling. With this, casino companies will of course reap more profits from those who gamble by doing it online, because even if they do it online, this does not guarantee that it will be easy to win.

The percentage of wins in casinos is smaller than the percentage of losses which is very large, therefore many people gamble online to get unclear wins, not to mention those who are addicted to online gambling. Of course they will spend a lot of money gambling because they have their own hopes. So therefore gambling companies will definitely reap more profits from this. I think it's like this, but to be clear I don't know.

[famososMuertos]

OP, if you are an expert in Casinos and you are opening your business portfolio you can do it in several niches, but what is the natural one, that of Casinos, it happens in the real world, most casinos have partners or owners whose empire operates in casinos.

In fact, poker casinos, for example, operate on networks, and only change the skins, and it is known that some only change the name and are the same owners.

[Dewi Aries]

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.

Yes that makes sense buddy, to be honest I really don't think that the purpose of the city to make more than one casino so that they can increase the number of games that can provide new interest to every gambler who comes, because the logic is of course as you say that with just one casino they  can actually provide as many games as possible, after all, from several casinos that I have visited they already have thousands or even tens of thousands of games while usually gamblers will only enter a few favorite games, and simply I don't think it's possible for them to feel a lack of games with the many games that have been provided from just one casino.

So in my opinion, what makes more sense is the purpose of the bookie to make more casinos, which is obviously one of them that looks striking is that they want  to reach more audiences which of course can increase their income, no more than ordinary business when we have many branches then obviously our profits will also multiply at the same time. The other thing of course is that it makes sense that if a lot of gamblers get a win then indirectly the casino's income will decrease or even go bankrupt, but I think it is unlikely that the casino  will go bankrupt if there are a lot of visitors who come because after all all their algorithm system is regulating  and that is why there are still more losers than winners because the system makes the percentage of winning much smaller than the chances of winning..

[goldkingcoiner]

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?

Well, first of all if the owner of the website has one successful casino then it should suffice to say that he knows how to make his gambling platform business become profitable. Although I agree that it is better to concentrate on one thing instead of trying to "catch two rabbits at once", some people have the mindset of multiplying things that seem to work, instead. The owner of the casinos must think if one site is good then more sites are better. And in terms of dividing up risk, that may be true. But neglecting the one successful casino in hopes of making his other gambling websites just as successful is a fools bet.

[acroman08]

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.

why only have one profitable casino when you can have multiple profitable casinos?

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

they are expanding their business and market, they are also probably trying to reach more audience(I am pretty sure there are more reasons for it other than what I mentioned). opening a new business is a risk, they know the risk of opening a new casino and they accept that risk, they also know the profit it can generate.

[Doan9269]

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.

Have you ever tried to reason if you own a business that is flourishing and decided on opening another branch of the same business for  expansion, you are doing this because you think you're good in what you do and have gathered enough experience in it as well, it's also another thing we can decided to increase our business for more profits realization since we have the best of the knowledge on how to handle and manage them altogether.

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

No, you're wrong, the idea is to maximize profit in business and introduce new additional offers to come along with the new establishment and it's part of business strategies.

[Woodie]

For starters it's not only casinos doing this, you will be surprised that even our own favourite products in our homes could be products made by one company regardless of you choosing product A over product B...

And with regards to casino's having multiple products , it could be a way to maximize on their profits or it could be a way to have different products for different countries as they could be having different licenses that don't cover all locations of operations... Sometimes this is done as a way to create a competitor that can compete against themselves...

[goinmerry]

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 don't find that as an illogical thing. Most gamblers don't even know that they are playing on different sites but the owner is just the same.

If you have been gambling for long, there's a thinking in most gamblers that it's good to try a fresh and new site. Therefore, these site owners consider creating multiple gambling sites because they know that some users are like that.

Some users, after experiencing big losses on a certain site want to get out and find some new ones. In the end, these users will probably still end up playing on a site with the same owner as their previous one. Business expansion indeed.

[madnessteat]

~snip~

That's a strange question. Many gamblers do not even think about who owns a particular casino, but from time to time they want a change of scenery, so they move to another casino. If the owner of the casino from which you move has several other competitively capable casinos with a good reputation, then there is a chance that you will be profitable to the same person / company. It's very simple.

[coolcoinz]

For the same reason why exchanges have different companies operating in different jurisdictions. It's best if their local branch is operated by a local team, the way fast food restaurants do.
If anything goes wrong that team will be responsible and the main office will distance itself from the branch.
Also, not all games are legal in all states, so they sometimes create another branch to handle sports and another to do games popular in Asian casinos.

That's a strange question. Many gamblers do not even think about who owns a particular casino, but from time to time they want a change of scenery, so they move to another casino. If the owner of the casino from which you move has several other competitively capable casinos with a good reputation, then there is a chance that you will be profitable to the same person / company. It's very simple.

That's right and then they fall victim to a casino that used to scam people and changed its name, but it's still one and the same team. It's best to know who owns the place you send your money to. It can also be said about banks.

[bitbollo]

1 slot = gives a certain profit which can practically be multiplied by the number of slots that are present in that casino.
think of it as if it were a "fixed-certain" mathematical rule.
this is a very very simple rule. the more you play at the casino, the more the casino wins!

[agustina2]

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?

If you have a certain experience where you feel unlucky on a gambling site, you will try to erase that scenario by looking at other sites. There's no such thing as being a loyal user for too long not unless hunting for a top VIP tier. In that case, if users try to look for a new site, there are more gambling platforms to choose from. It's a way of maximizing the potential profit and revenue. Why stick to only creating one platform if they can open another one?

We can apply that strategy the same to other businesses like restaurants with the same owners. People will surely try to dine in at different stores.

[adultcrypto]

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.

I have not taken note of this  and would have loved you to call names but that is not really necessary.  Assuming this happens, the simple reason might be for business continuity. It might be their way of expanding their business which is acceptable in the normal business world.

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?

If there were no benefits, they will not do it. So I feel it offers some benefits that make the chose that part. The most important thing is if they are delivering quality service. If they are, it shouldn't be a problem.

[Unbunplease]

By creating multiple casinos, the owner can differentiate his resources, minimize losses, select the most profitable and profitable areas. Usually survive those who can offer the player a sufficiently large number of options, as well as the most optimal and safe option to withdraw funds

[angrybirdy]

Different people take different steps to profit from gambling platforms. Using two casinos at the same time is really risky (similar to having two drivers of a car and turning the steering wheel at the same time) gambling platforms are just that. They are driven by greed and take various steps in the language of more benefits, but if they can't turn it on, it's better. Casinos provide a place for different gamblers to play.

Everything is risky nowadays, Just like in investment, owner doesn't want to put all of the money and efforts in one casino that's why he chose creating another one, besides that's a one nature of having a business, to create and develop more because they already saw how people love and enjoy his business. This kind of issue is so normal and part of a business strategies.

[Synchronice]

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 many casinos, right? Thousands of them. There we have Stake, Sportsbet, LiveCasino, Freebitco and so on. Each of them have their own loyal customers despite the fact that some people think Stake is the best, some think Sportsbet is the best and so on. Paddy Power is a very good example, they own many casinos but these casinos, each of them, have unique UI, unique promotions, unique marketing, unique attitude towards customers. It's like, having 8 types of customers and creating 8 product for each of them because you can't create universal product that will fulfill the requirements of 8 different person.

[Yatsan]

Thru scaling.
More sites means more gamblers to play. Why? If they had a bad impression with site number one, you can still regain them with site number two.  You could also be a sportsbook alone and another gambling casino alone. You may offer bigger rewards than with your other platforms for players to consider it more but in fact, things are still under your platform.

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 many casinos, right? Thousands of them. There we have Stake, Sportsbet, LiveCasino, Freebitco and so on. Each of them have their own loyal customers despite the fact that some people think Stake is the best, some think Sportsbet is the best and so on. Paddy Power is a very good example, they own many casinos but these casinos, each of them, have unique UI, unique promotions, unique marketing, unique attitude towards customers. It's like, having 8 types of customers and creating 8 product for each of them because you can't create universal product that will fulfill the requirements of 8 different person.

Players most of the time are not sticking to a single site alone to bet. Some are having superstitions that they might be more lucky using other gambling sites and if you happen catch them with your other gambling site, then that's a win for the trade name. There's also a tendency for some gambling site owners who has multiple platforms to be using it as bait before he fly to other and more players.

[chaser15]

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

You can't grow your business if you are like that, mate. Think of an idea that will bring more profit.

Especially if your business is growing, and the gambling industry becoming a trendy thing every year, it's always a good option to consider expanding your business. Why not take advantage of the growing numbers of people involved in gambling? It's a clear money. Gamblers also have different tastes in gambling sites. These gambling site owners, can't just attract these gamblers into their single site. To meet their expectation then build more sites for them.

[KTChampions]

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?

The very first thing that comes to my mind when I think about this is, oddly enough, not fraud, but the creation of different projects under different regulators. You probably noticed, but each casino has a list of countries with which it does not work (it is banned there both from the country and from the casino, that is, using the IP address of such a country you will not even be able to enter this casino).
This is because in each country the gambling requirements/regulations are different, and so different that it is easier to create a separate legal entity (and brand) in order to operate in a specific country. As long as the costs of creating a separate legal entity pay off (the capacity of the national market allows you to receive the necessary profit), such a strategy is reasonable.
But of course, there are disadvantages that cannot be avoided: the promoted brand remains recognizable only within this country and does not have access to the global market. For large projects, this is a very painful negative consequence of such a strategy.

[Fatunad]

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?

Quite that questionable but since they do have the funds or capital on doing so then they are really that free on doing things on what they do have in mind. We do know that creating casino doesnt come cheap.
If they would be tending to create another one then the thing i do have in mind is that they are trying out to make those false or fake competition and since gamblers in the market is really that increasing
then there are those who are really that a fan on testing out new sites and leaving their old ones even on how reputable it would be. They would be making something that looks more appealing but of course they wont really be putting out outfocus of their old.It is really just that somewhat raising up that kind of question that why they cant just focus on single point?
No matter what their reason is then they are still making profits on both sides.

As long they would really be able to benefit then they would really be that definitely be doing things which would really be giving out that kind of advantage on which it isnt really that shocking on
this kind of particular situation on which it would really be just that normal that these owners would really be doing their very best as long they could be able to benefit
out.