How do casino owners benefit from creating multiple casinos?

[Kelvinid]

These are some benefits they would get;
 - popularity
 - earning more
 - winning the competition

We can't see an instant benefit from this because of huge expenses upon the start but in the long run, the casino owners benefit more. In the business world, the mindset of the owner is to cater to all gamblers or attract people to gamble which is why adding more casinos could be the best thing to do. In fact, as we can see, a lot of people become a gambler because a lot of casinos are available these days (offline/online).

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[Heartilly]

Online gambling is one of the most active industries during the pandemic. One of the industries that become a big thing even the world is facing a global pandemic. I think that's what some gambling site owners today have in mind during the time they think of building a gambling site platform since it's proven that the gambling business can survive in that worst situation.

Let's think about it, if we owned a gambling site, why settle on a single-owned gambling site? There are lots of fish out there. Even those who were not a gambler before are now enjoying playing in an online casino. The target audience is everywhere that's why it's a must to have different owned gambling sites.

With lots of competitors around, some owners want to make sure that more users will come within only their premises. It's not possible if they only owned a single gambling site. They should hold more of it for that plan to become more effective. But they have to make sure that the good service will be maintained at all of their gambling sites.

[Issa56]

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?

Seriously, it's kind of surprising to me also, because why do you have to create another gambling site when you already have one? The amount that will be spent on maintaining and promoting two gambling sites, why can't you just focus on one and allocate enough money for the promotion of the gambling site? If the reason for creating two gambling sites is to reach a wider audience, then if enough money is spent to market one, they will be able to achieve that. But I can't really say the reason for creating multiple gambling sites, which am sure there will be a reason for that.

I am sure they will have a reason for doing that, and I am sure if they are not benefiting from it, then they won't be doing it. If you are in a business and you are losing instead of benefiting, you won't have a choice but to shut down the business. But if things are going smoothly in your business, then you will do everything possible to maintain it.

[mv1986]

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?

You'd be surprised how many airlines are at least partially owned by the same people or organizations and why would they do that? They can offer different price ranges without hurting one of their brands. They can shape their different offerings in various ways to find out what works best, what is the most popular among customers.

I have noticed that as well for casinos and I think in a growing market like the gambling industry it's important to field several players in a highly competitive world. They have more options to tweak stuff in the back- and frontend without hurting their flagship casino. I can think of a lot of reasons why casino providers would do that.

A changing legal environment might also be a good reason to have several casinos registered in different locations.

[Johnyz]

The more you branch out, the more people you can get and that could increase your profit over time.
As many says diversification is the key, those business people also follow this rule and they really know when to expand their business. Creating a different casino from your mother company is not a cheat at all, they just know how to do business in a more proper and we may never know why if we remain ordinary people.

[AmoreJaz]

You'd be surprised how many airlines are at least partially owned by the same people or organizations and why would they do that? They can offer different price ranges without hurting one of their brands. They can shape their different offerings in various ways to find out what works best, what is the most popular among customers.

I have noticed that as well for casinos and I think in a growing market like the gambling industry it's important to field several players in a highly competitive world. They have more options to tweak stuff in the back- and frontend without hurting their flagship casino. I can think of a lot of reasons why casino providers would do that.

A changing legal environment might also be a good reason to have several casinos registered in different locations.

also, do take note that they are businessmen, they can have some sort of share of any business, it doesn't mean they are full owners of the site or the project. these businessmen as much as possible want to expand their network of sources of income. they are not handling the minor aspect of things anyway like the daily operations, complaints among others. they are taking care if the business is still profitable or not. and find ways how to continue this business and grow as much as possible.

just like your example, owners of airlines. they can have some share in a lot of different airlines, and not only the airline they are known for. and more for other businesses. do remember, they are staking their money to various businesses as they want to spread their investments and so the return is not detrimental if one or two will turn out to be a failure.

[GxSTxV]

First of things, I want to highlight that crypto casinos industry is not so new, talking about the new style and all in one casinos. We see new crypto casinos every day with multiple technics of marketing and promotions. So I can say that there are many reasons why owners are creating multiple casinos even having a successful running casino before.
One of them must be regional restrictions, some casinos have licenses for specific countries only and they don’t allow other regions from joining their first casino, automatically they prefer launching a new casino and new license to allow more regions and gain more players simply.
Another reason, could be the type of games and providers they have inside. Better that they create and start another casino with different games than filling the first one and making it either slow or boring for players. Even if the first one is running well and generating profit for the owner, it’s not an excuse to stop investing in more casinos.
Last reason I can think of, is methods of payments. Sometimes some casinos are allowing only fiat and virtual bank as deposit and withdrawals methods, and depends on their casino license, they prefer to launch second one allowing cryptocurrencies for their payment system.

From this question I don’t see reasons or excuses for owners of a casino to not launch a second or even third one for more profit.

[Huppercase]

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?

Gamblers are plaeyers that have their faith bound to how to win, many don't even know how this thing really works. I am not sure if I know any person that owns a casino but if a person has more than one casino, then it is possible because of some reasons like maybe he is not the CEO of the company, he might just be another employee of the casino and if he thinks that he has gain enough experience to start his own, he will live or not depending on their agreement to go start another one for as his own business which I see as nothing, everyone need to progress in life at some point.

My second guess is that it might be because of different branding, I have seen casino that are only focus on casino games, they don't include other categories of gambling like sports, crickets and Basketball, they can decide to run an independent casino to get people to come and play so they can generate more money. I think there are some countries where some certain type of bets aren't even allow, if such casino has some certain type of games in mind, they can launch another type of casino but it will focus on another location to attract people from other places.

My third guess might be because of License and regulations, some casino are very regulated by some countries. I think in the US, there is so much tight regulations over there and to do business there, you have to comply with them and such rules makes other customers from another countries not to play, so it is possible to have a casino company with them and has another one that is less with rules just to get customers to play with ease and without fear of having their money stuck on the casino.

[Casdinyard]

First off, it eliminates competition. The thing is some casino owners buy off IPs and brands from their competitors and absorb them into their conglomeration to earn their revenue and their customers. Sometimes they will deliberately worsen the situation and features of said casino they bought to highlight the main brands they own and pool all of those customers from competitors into theirs, just in case their competitor decided to launch a new IP with the same features and benefits. It's called corporate warfare and it happens all the time not only in the casino business but practically everywhere else. Some casinos fall victim to this and deliberately do so because of lack of proper funding, an unsustainable business model that bleeds them money more than it makes them, or something else entirely.

It also creates the illusion of choice to the customer's eyes. They may not favor one casino name because of their bad experience, but if they have multiple IPs under the same entity at the end of the day it will end up in the same man's pockets without the customer knowing anything about it.

[Rruchi man]

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 a business strategy to dominate the market, so that regardless of the option of casino chosen by a gambler to gamble in, they still will be the the ones to profit. They create the competition with themselves. This business strategy works for some business owners who understand the risk involved, have the capital for it too before engaging in such diversification. But for others who do not understand the risks, and are not sure about the capital, it ends up being a bad choice for them as it will also sink the other casino businesses that they have if they are not lucky.

[Onyeeze]

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?

Every business have a strategies and if their is no atoms of profits in creating numerous casinos platform I don't think people or companies that have before will like to launch another site of casino, when you cross check casinos you will see or noticed that almost all the casinos have a similar function, so for them to have different casinos I think that they do benefits through traffic of the city and sometimes people who gambles doesn't like to concentrate in one particular casinos platform they always like to test other casinos platform to try their luck and that should be the reason why some of the platform do like to have different sites to grab more customers

[mv1986]

You'd be surprised how many airlines are at least partially owned by the same people or organizations and why would they do that? They can offer different price ranges without hurting one of their brands. They can shape their different offerings in various ways to find out what works best, what is the most popular among customers.

I have noticed that as well for casinos and I think in a growing market like the gambling industry it's important to field several players in a highly competitive world. They have more options to tweak stuff in the back- and frontend without hurting their flagship casino. I can think of a lot of reasons why casino providers would do that.

A changing legal environment might also be a good reason to have several casinos registered in different locations.

also, do take note that they are businessmen, they can have some sort of share of any business, it doesn't mean they are full owners of the site or the project. these businessmen as much as possible want to expand their network of sources of income. they are not handling the minor aspect of things anyway like the daily operations, complaints among others. they are taking care if the business is still profitable or not. and find ways how to continue this business and grow as much as possible.

just like your example, owners of airlines. they can have some share in a lot of different airlines, and not only the airline they are known for. and more for other businesses. do remember, they are staking their money to various businesses as they want to spread their investments and so the return is not detrimental if one or two will turn out to be a failure.

Yes it is essentially about offering their customers the alternatives that otherwise other casinos would offer them. A lot of gamblers are trying out different platforms, so if they want to go on or add one to their list, the next one might belong to the same person. When you look at the corporate networks that billionaires have, many of their products and services seem to be competing with each other, but no, they just widen their own spectrum to ensure that once a customer wants to try a new place, that new place might also be the same owner. In Germany we have billionaires who own so many "competing" retail businesses and it almost doesn't matter where the customer goes, chances are it is the same person behind it.

[serjent05]

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?

One reason is to start a new for a new type of audience.  This can be called market localization due to legal and regulatory requirements.  Another reason as stated is diversification but the owner should be aware that openning to many casinos may backfire.  With multiple casinos opened by the same person may result in internal competition, each casino competing against the other which can result in cannibalism where the users of one casino they owned is pirated by the same casino they also owned.

Maybe some of the casino owners are so hyped about reaching their different audiences and opening too many casino platforms that they neglect the possibility of the negative things I mentioned that may happen between owned casinos.

First off, it eliminates competition.

But with many casinos being opened by the same operator may also produce internal competition.

[MainIbem]

What you are asking is just saying why do people needs multiple stream income
If I may intrude into this, people create multiple casino to keep their income coming without lacking, it is the same as doing multiple jobs not only one but whenever someone has alternative means of incomes it keeps them financially balanced without falling out. Casino owner does that as well without any hidden agenda and their terms of services, most times it could be that there are some of the countries they target and there are some of the country's they won't operate maybe it could be that they are only focusing of a particular region and states.

[Orpichukwu]

I guess those casino owners could be the only ones to give a perfect answer for this, as they are the only ones who have the perfect explanation for their actions.
 
Either their first casino is not getting the attention they want, no money is coming through it, or they need to add something that they think is a total new idea that requires a new casino, which could lead to starting a new one, or it could also be because the old one is losing reputation and they need something new in order to stay relevant in the system.
 
Whatever the case, their primary objective is always to increase their revenue, and almost every businessman will employ any strategy to attract those customers who will patronise and add to their wealth.

[PX-Z]

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

It's a business, expenses is just part of it when business profits. And it's not illogical, it's a basic thing how business works. It's the same thing on businessmen who have multiple restaurants on the same area or the same mall, it's just diversification of business. More business, more profit.

[Assface16678]

I guess those casino owners could be the only ones to give a perfect answer for this, as they are the only ones who have the perfect explanation for their actions.
 
Either their first casino is not getting the attention they want, no money is coming through it, or they need to add something that they think is a total new idea that requires a new casino, which could lead to starting a new one, or it could also be because the old one is losing reputation and they need something new in order to stay relevant in the system.
 
Whatever the case, their primary objective is always to increase their revenue, and almost every businessman will employ any strategy to attract those customers who will patronise and add to their wealth.

True, only those owners could know that or what kind of strategy they are using, but if one thing is for sure, they are doing this to make more invome multiple platforms, which means multiple incomes. We know that gamblers like to play in different casinos to have different experiences, fun, and thrills. That's why they tend to find other casinos that could suit their taste, and I think that's what the casino owners are aiming for. Even if one customer leaves one of their casinos, it will end up in their casino as well.

And I think they also do this to have different connections; many connections mean smooth business and more income to come as they could meet huge personalities that have a high position in society. In that way, their business will prosper and they will earn more and more income.

[shivansps]

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?

Yes, there are thoughts about this. This may be a subsidiary, perhaps some players are disappointed for some reason in one online casino and prefer another but they do not know that they belong to the same person or the casino owner is using the tactic of not putting all their eggs in one basket, as people often do. I think there are many more deeper reasons, but these lie on the surface for me

[johnsaributua]

Nowadays access to casinos is widening and expanding, according to me with online reach or phonecell applications making it easier and more confidential means that you can use other people's personal data or platforms that do not require an age limit for users, habits in filling spare time and as phonecell users increase turnover for casino owners. entrants can come at any time and more than expected, faster casino information on a web with from user to user. other users.

For entrepreneurs to hold this media, I think the material is durable, meaning that the tool or web is bought once and the rest is maintenance. I think the return on capital is also quite short.

I don't like to go out and there may be casinos located around me that are still operating today, but with online casinos, you can access them even when you wake up and before you go to bed.

If there are cassino owners here, they will certainly provide clarification for the outflow and inflow of whether their turnover has dropped to the point that they dare to add new locations, or whether it is very profitable, and whether they are moving to follow the online era to increase market share as well.

[maydna]

We don't know what the reasons are for business owners to create other additional casinos. It could be that this is all because they want to get more profits, or it could also be that they have different ideas from the previous casino, so they created this additional casino. In our opinion, creating an additional casino doesn't make sense because the owner already has a casino that is already running well and has its popularity. But there must be something that ordinary people don't think about why the owner wants to create this additional casino.

If it's about benefits for gamblers, each gambler has different reasons. Perhaps they are okay with the casino owner creating another casino. That benefits gamblers because they can include another trusted casino in their list.