How do casino owners benefit from creating multiple casinos?

[Queentoshi]

It seems illogical as it might increase operating expenses without an obvious benefit.

It is easier to call a business decision illogical when you do not understand how the business runs and you are simply judging from outside as an outsider without little understanding about the profit-making side of the business. Know that these casino owners will not engage in trying to create multiple casinos if they have not run their evaluation and then made considerations. It is also likely that maybe the other casinos that they open after opening the first one will run better and be more profitable because of the experience they've gained from managing the first one. Experience makes you better at something.

[Wexnident]

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?

That's just how business goes I guess? I'd compare it to how chains are made in the real world, but because of how nonsensical the idea is in the internet, they instead opted to create a variety of casinos instead.

Not to mention that gamblers are kind of weird themselves? I mean people would play on random casinos all the time even if they're already playing on another that's offered them good services and whatnot just because. Maybe that's why they're putting it out like that. I mean the costs would probably be roughly the same and I reckon it's already another form of investment. Plus, with it basically being the same as their other casino, staff probably wouldn't need to be increased that much except for the tech support team which requires a separate one.

[sompitonov]

It seems illogical as it might increase operating expenses without an obvious benefit.

It is easier to call a business decision illogical when you do not understand how the business runs and you are simply judging from outside as an outsider without little understanding about the profit-making side of the business. Know that these casino owners will not engage in trying to create multiple casinos if they have not run their evaluation and then made considerations. It is also likely that maybe the other casinos that they open after opening the first one will run better and be more profitable because of the experience they've gained from managing the first one. Experience makes you better at something.

I would also add another reason: diversification of your business. Probably the owner made a profit in his first casino and wanted to open a second one because he sees a high risk of opening in one country (country risk). The profit allows him to hire qualified consultants who will explain in detail all the subtle points and difficulties. If the owner is satisfied with everything, then a second casino opens, for example, in a country where it is warm all year round. Now the owner will be able to monitor the performance of 2 casinos, compare them, adopt the experience of one of them and apply it to the other. The advantages are obvious, so I think it’s logical for them.

[Z_MBFM]

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?

Having one profitable casino but owning multiple casinos indicates that he wants to make more profits. People are very greedy for money and people love luxury so much that those who own billions of dollars want to own trillions of dollars. And that's basically why people want to own multiple casino sites.  I think this is the biggest reason why on the other hand there are many people who like to be owners and they dream of owning many companies. Everyone operates multiple casino sites for different purposes and wants to own multiple casino sites.

[Yamifoud]

It seems illogical as it might increase operating expenses without an obvious benefit.

It is easier to call a business decision illogical when you do not understand how the business runs and you are simply judging from outside as an outsider without little understanding about the profit-making side of the business. Know that these casino owners will not engage in trying to create multiple casinos if they have not run their evaluation and then made considerations. It is also likely that maybe the other casinos that they open after opening the first one will run better and be more profitable because of the experience they've gained from managing the first one. Experience makes you better at something.

Anyone business operator could easily create multiple casinos as we are in the online world already. I mean, the operating expenses aren't that high compared to what benefits the casino may rip in the future, with plenty of casinos, making more than one casinos will be able to compete among the money. I'm sure, those company who have multiple casinos running have focus on the branding of their casinos, they may have diffeerent focus on markets but their goal is to be both successful.

And yes, you are right, they are in the business so they know better the market, and once they open multiple casinos, that means they sees more opportunities to make it profitable.

[traderethereum]

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?

Having one profitable casino but owning multiple casinos indicates that he wants to make more profits. People are very greedy for money and people love luxury so much that those who own billions of dollars want to own trillions of dollars. And that's basically why people want to own multiple casino sites.  I think this is the biggest reason why on the other hand there are many people who like to be owners and they dream of owning many companies. Everyone operates multiple casino sites for different purposes and wants to own multiple casino sites.

If the casino owner could build a new casino, he would do it because he wants to make more profits from his business. Maybe he was greedy because he wanted more profits but that's how a businessman is.
If he sees any development in the business he has created, he will want to increase or expand his business to become even bigger. Creating one or more casinos is the goal.
However, being a business owner is not easy because he has to understand everything related to his business and not just leave it to his employees. That way, he can monitor all his business activities well and think of ways to grow his business even bigger.
He will get even bigger profits when he has succeeded in developing his business. That's what all business owners want.

[Maslate]

If the casino owner could build a new casino, he would do it because he wants to make more profits from his business. Maybe he was greedy because he wanted more profits but that's how a businessman is.

The word greedy is in appropriate when referring to business who are just trying to take the opportunity to grow their company. We don't know exactly if the new casino would be successful than the old ones, but it has been the trend I guess, so for sure they have some studies telling it's advisable to open a sister company.

But I'm just curious, let's take the number of casinos who have an ANN thread in the forum, do we really know their sister companies if they are operating with multiple casinos?

Like these popular gambling sites.

1-stake
2-sportsbet
3-duelbets
4-betcoin.ag
5-Rollbit

[Unbunplease]

If the casino owner could build a new casino, he would do it because he wants to make more profits from his business. Maybe he was greedy because he wanted more profits but that's how a businessman is.
If he sees any development in the business he has created, he will want to increase or expand his business to become even bigger. Creating one or more casinos is the goal.
However, being a business owner is not easy because he has to understand everything related to his business and not just leave it to his employees. That way, he can monitor all his business activities well and think of ways to grow his business even bigger.
He will get even bigger profits when he has succeeded in developing his business. That's what all business owners want.

When a casino owner creates another casino, they have the opportunity to test how the new business model will work and how successful it will be. It is basically impossible to test everything within one casino. In the future, the casino owner can leave the more successful models, and close the one that did not meet expectations

[traderethereum]

The word greedy is in appropriate when referring to business who are just trying to take the opportunity to grow their company. We don't know exactly if the new casino would be successful than the old ones, but it has been the trend I guess, so for sure they have some studies telling it's advisable to open a sister company.

But I'm just curious, let's take the number of casinos who have an ANN thread in the forum, do we really know their sister companies if they are operating with multiple casinos?

Like these popular gambling sites.

1-stake
2-sportsbet
3-duelbets
4-betcoin.ag
5-Rollbit

Yes, but maybe the casino owners are not greedy but want to make bigger profits by owning more casinos
Only with attractive promotions can the new casino gain the attention of gamblers. In the meantime, the casino owner knows what to do with his new casino. If he thinks that the promotions should be different from the old casinos, he will find a way.
I only know a few casinos that are on this forum. Bitcasino, Sportsbet, Livecasino are under one management or owner (but I don't know which one is correct). Then there are 777coin and Bitvest, which are owned by LightLord. Maybe there are other casinos but I don't know about them.

When a casino owner creates another casino, they have the opportunity to test how the new business model will work and how successful it will be. It is basically impossible to test everything within one casino. In the future, the casino owner can leave the more successful models, and close the one that did not meet expectations

Maybe that's the reason casino owners create other casinos. If they create a new casino to target other users, they should test the casino before launching or even after the casino is launched to see how the users react.
The casino owner has many ideas that he wants to try one by one, which could be why the casino owner creates other casinos.
Of course, the casino owner aims to create a new casino that is different from other casinos.

[cozytrade]

Casino owners plan to build multiple casinos to grow their business. Most of the casinos in our country are being operated illegally. And among all the casinos there are only a few legitimate casinos. So casino owners feel that their casino business may be in jeopardy or shut down at any time. If unfortunately a casino closes. So that the casino owner can survive in the gambling market through another casino. Considering all these factors, casino owners can avoid their risks by building multiple casinos. And also can be profitable in the business field

[Maus0728]

It has to do with the variety and the illusion of choice, with more casinos available it wouldn't look like there's a monopoly on gambling industry because there's the choices just look at the parent companies of competing brands of different products that you use daily and you'll know what I'm talking about. Another thing would be the fact that in the case that there's an issue with 1 casino, they can still make a profit because they've got other casinos that are supposed to be their competitors but in reality it's not and sometimes some casinos aren't available in one country because it got no permit to operate there or it's taking long to approve but their other casino is already permitted.

[Outhue]

If they have the money to fund extra casinos why not? A casino can generates billions in dollars per year and use the money to build another casino from scratch, when your business is lucrative even if it's not casino, won't you find ways to expand?  Why are we going to keep complaining about it?

As a gambler, your role is to maintain yourself in gambling, see how far you can get lucky, assuming I am gambling and having some luck on Stake casino and I heard that they now have two extra casinos, what do you expect me to do? Quit stake because they have more casinos?

Although this comes with a lot of risks, as some casinos can't even manage more than one, yet they proceed and they will end up hurting the main casino they are used to managing, the whole business will crumble.

[Mauser]

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?

This comes as a bit of a surprise to me, why would casino owners prefer to create a new business instead of promoting their current casino more? If you already have a well established casino with a well known brand that it's unnecessary to create a new business. Many gamblers are cautious when it comes to new casinos and would prefer to stay at a website that they are used to and know that is reliable. Wouldn't it make more sense to run new promotions on your existing casino than to create a new one? I can understand that different countries have different regulatory requirements, so you might want to have one casino for Asia, one for Europe and for the rest of the world. Keeping everything separate makes it easier for the regulators to give the necessary licenses and if there is some issue not all the business is at risk.

[arwin100]

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?

This comes as a bit of a surprise to me, why would casino owners prefer to create a new business instead of promoting their current casino more? If you already have a well established casino with a well known brand that it's unnecessary to create a new business. Many gamblers are cautious when it comes to new casinos and would prefer to stay at a website that they are used to and know that is reliable. Wouldn't it make more sense to run new promotions on your existing casino than to create a new one? I can understand that different countries have different regulatory requirements, so you might want to have one casino for Asia, one for Europe and for the rest of the world. Keeping everything separate makes it easier for the regulators to give the necessary licenses and if there is some issue not all the business is at risk.

Some may do that its because they want to create an alternative platform for their gambler to play since sometimes it becoming more boring to stay on a single casino that's why maybe it came up to their mind that they should create another one so that they can still be the choice of their gambler and earn a profit with it. We see some of those casino here and they are somehow successful for running their operation. Usually this happen especially if the owner of casino have a lot of funds and I find this very smart idea since this could increase up their potential profit especially if they manage well both casino they created.

[ethereumhunter]

If they have the money to fund extra casinos why not? A casino can generates billions in dollars per year and use the money to build another casino from scratch, when your business is lucrative even if it's not casino, won't you find ways to expand?  Why are we going to keep complaining about it?

As a gambler, your role is to maintain yourself in gambling, see how far you can get lucky, assuming I am gambling and having some luck on Stake casino and I heard that they now have two extra casinos, what do you expect me to do? Quit stake because they have more casinos?

Although this comes with a lot of risks, as some casinos can't even manage more than one, yet they proceed and they will end up hurting the main casino they are used to managing, the whole business will crumble.

Casino owners who have well-developed casinos want to get additional profits from the gambling business so they want to create new casinos. They already have capital from the profits they got from their old casino so they can set aside some of the money as capital to build a new casino. They also have experience in running a casino. Hence, they are familiar with everything and they may ask for opinions from their members first before they announce their new casino.

If the casino owner can get employees with expertise in managing his new casino, the new casino can develop well and gain a reputation. If that happens, the casino owner can get even more profits so that his business can develop even better. What is important is how the casino owner can manage his casinos well and not have problems with anything so that the casino owner can focus on developing all his casinos.

[SeriouslyGiveaway]

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.

I agree with this, but the best answer I could see is diversification. Same as other businesses some business owners or companies expand their business by creating different forms of businesses, as said it reduces risk and could be a good source of other income. Imagine a big corporation owning different fast-food chain, all of them has the same type of business but offers different services. I think we can view it the same as casino owners owning different gambling platforms.

Yes, I agree that diversification is a strategy many companies are employing. Additionally, there's another reason I didn't mention, which could be related to taxes. Many companies establish various subsidiary companies to circulate cash flows and minimize tax liabilities. I'm not well-versed in tax matters, but the practice of creating multiple subsidiaries to legitimize invoices is widely used for tax avoidance. The specific processes might be more complex, but I think that's also an reason.


[l3pox]

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.

Building to sell is indeed an option. Though it will vary from owner to owner. Each one will have different intentions
Sometimes building a competitor will make the whole market better for all

[Webetcoins]

If you will only think about the disadvantages of doing so, then that could have limit your potential of earning a huge amount of money. You can say that because maybe you haven't experience to build up a business yet?

Even if you do, you are not like the other serious and pro business people that like to take big risk. They can fall harder but at least they try. And it's not going to be the end of everything. Like the saying says, as long as we are alive or breathing, there is always a chance. They can try again or they will now move on, in the other field. I'm sure that we can always find our luck and success if we keep on looking.

[Cookdata]

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 didn't specify if it was an online casinos or physical casino.

This might be for some personal reasons, who knows if the owner of the club we assumed aren't the real owner in reality. I have seen companies put name to protect their interest from the government, some have hidden the real identity of the owner to avoid heavy task. If you see a person operating the similar business might not actually own one, maybe he is just the face while he owns one.

If it was a physical casino, it might be for expansion sake to reach out to other customers in another place that doesn't have access to their first casino and if it happens to be online casino, the. It might be for regulation sake. Just like the way we have Binance global and Binance US, it's owned by same people but different marketing outreach, that's what I think some casinos might be doing without telling people or perhaps you don't just have idea how they are run.

[madnessteat]

If they have the money to fund extra casinos why not? A casino can generates billions in dollars per year and use the money to build another casino from scratch, when your business is lucrative even if it's not casino, won't you find ways to expand?  Why are we going to keep complaining about it?

As a gambler, your role is to maintain yourself in gambling, see how far you can get lucky, assuming I am gambling and having some luck on Stake casino and I heard that they now have two extra casinos, what do you expect me to do? Quit stake because they have more casinos?

Although this comes with a lot of risks, as some casinos can't even manage more than one, yet they proceed and they will end up hurting the main casino they are used to managing, the whole business will crumble.

When a person has a successful business he is always inclined to expand it. Why open a car dealership, gas station or any other unknown business if you already have a successful project. Gambling is a very profitable area, so casino owners and open a second, third casino using the experience gained and excluding the mistakes that have been made in the past. In my opinion, this is an excellent practice used by businessmen around the world.