[FUN] Gambling What If

[_act_]

If I were a casino owner, I will launch the native token because my goal is awareness, I want to make other people aware with my casino. Stuck in comfortable zone isn't good for business because sooner or later your business will be overtake by other casinos. You always need to have new improvement and upgrade.

How will the native token help the gambling site? You can see some gambling sites on this forum that have native token but the ones that do not have native token are still more popular. Or is Stake and Sportsbet have native token? I have not seen both site have native token. Also I have not seen upcoming ones that are also good sites like Metawin have native token. I noticed that Metawin advertised their site very well. I have seen their ads more than on this forum. I do not think token sales is necessary at all. The gambling sites that have native token, I do not think it is the native token that helped them get known.

[Stepstowealth]

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

There is tough competition in almost every business now and it is not advisable to take on any risk that you cannot handle as a business owner because of pressure from others. If you offer good service, your casino will still have customers who will not care about you offering a token. Your competitive edge in the market can be good service if you focus on it to make your delivery optimum and very consistent. With consistent service delivery, the casino will flourish.

[MAAManda]

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

Since it only generates normal profit, I personally will create a token on the platform that can generate me other profits. I'll also not hand over the portion entirely to the token holders, it will be 40/60, 40 for the early shareholders, and the remaining 60 for the token holders.

Q: Why more share allocation to token holders?
A: To support DAO within the platform, I'm sure and believe that a business will run if it gets suggestions & criticism.

Above is the scheme that I'll do, if my casino business only makes normal profit, if it makes big profit, I'll not go to think about those tokens.

[Slow death]

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

I would rather continue managing a casino, because it is impossible for there to be no competition, so I would just have to be content with the profit I would be making and adapt my lifestyle to my profit. I would not create a casino token because I would be causing people who were going to invest to have high expectations and lose money. There is a big difference between a person taking their money and going to play at a casino and another person who takes their money and invests in a currency. The person who puts money in the casino already knows that they will lose. Gambling should always be seen as just fun. But the person who buys a token has high expectations of profit. And when the casino owners create the token, they do not even intend to list it on large exchanges, they do not have a long-term plan to make the token rise in price. Honestly, I would not create a casino token, even if my casino made very low profits.

[retreat]

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

If the casino is already running and generating revenue, I probably wouldn’t think of selling tokens just to make a short-term profit. I would probably try to see how the casino is doing and how it’s been running for a whole month, whether it’s profitable, how much it’s spending, and many other things. If I feel that what my casino is getting is enough, meaning that the revenue is greater than the expenditure, there’s no reason for me to sell tokens, because I have a stable income stream that I can use as capital to convince banks or investors to put their money into my casino.

[uneng]

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

I wouldn't open it for profit sharing through token sales. To use this method is nonsense. If a casino owner is willing to share profit with investors, he can just launch the good and old feature "bankroll investment". This way interested investors deposit their BTC funds into the casino's wallet, and start receiving interest in real time, as gamblers lose and the house wins. It's pretty simple as crypto industry used to be during its first decade of existence, when regulations and elaborate scam schemes weren't a thing yet.

Anyway, casinos aren't in advantage against their competitors when sharing profit with customers and investors. Casinos need more than that in order to overcome the other companies. Bitvest is an example of that: they are a spot for investors, but got outdated as the years went by, the industry evolved and the website remained the same. As consequence, their traffic and volume of bets are low compared to another crypto casinos which were launched later.

[irsykes]

if we are aware of business competition we must have innovation to develop so that our business remains a user favorite, if I had the casino I would do that. and must have plans that will change because other business competition will make similar things to attract customers. token sales can be a role for strategic innovation depending on us having to have a good concept with a long term. this can be the difference between other casinos

[Kavelj22]

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

It is important to note that only a few casinos have their own token and all of them are established casinos that achieve good returns and have a position in the market. So, whatever decision you will make (as a casino owner), it should not be an individual decision and should be supported by financial and legal advisors. These advisors will study most of the possibilities based on the financial and legal status of the casino.

Assuming that there are no legal problems in this step, it is important to study the decision from the financial aspect due to the high level risk, considering that there are many negatives in launching a casino token due to the characteristics of the crypto market and the diversity of methods of managing this type of asset.
The fluctuations in the crypto market may lead to instability in the price of the token and cause losses, which in turn can increase pressure on the casino to achieve greater profits to cover those losses. In short, it is a big assumption that launching a token can easily lead to the loss of control over the casino and its mismanagement by making risky decisions in response to the unstable crypto market. Those factors plus many others have to be carefully studied before making the next step.

[acroman08]

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

I'll keep the casino running as it is, if I do what you mentioned I am opening myself to more risks not to mention the money I would invest to make it, market it, maintain it, etc... there is also the chance of the token won't be successful/profitable which would leave me at a loss so I would rather just keep running the casino as it is.

[Z-tight]

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

In this hypothetical situation, i think i would concentrate in running and developing the casino in order for it to compete with other casinos in the market. However, to do this, you would have to put a large portion of the casinos profit into marketing and advertisement, so as to attract new players to the casino and ensure that existing customers return to the platform, the casino should succeed if the work done behind the scenes is excellent.

[Odusko]

Most of the cryptocurrency casinos only have need for internal tokens if their want to use the token as a utility tokens, this is so because those utility tokens have less cost for the casino and making either deposits or withdrawal from such an account through their token is much easier and cheaper, this is why the use them as an alternative payment.

Asides from that, majority of the casino that jumped on tokens development with intentions of making profits from that outcome, have a lot to contend with, this is because the cryptocurrency market forces will always fight against them all the time.

So for that most of the casino have no much interest in developing a token but focus more on running the casino business.

[GeorgeJohn]

It's based on what the people have in mind to open casino, secondly the purpose of a casino establishment is for it to run for long time and return profit, since I'm making profits and the profit is not sufficient I will use what I run out from the casino to manage it until it started producing a larger amounts of profit before I will call off or terminate the casino platform,
Anyone who open casino knows what it had in mind based on what I portray above, for you to make sales of casino or profit you have to introduce your methods, but i dont fully know if you introduce your own native toke, what you  have in mind or your objectives will manifest, for you to open casino knowing what it will course you,  I think it needs more dedication of research

[vs2014]

Marketing is a powerful platform that can bring you huge profits. The more time and money you put into marketing, the more likely you are to make a profit. Telegram mining can help you a lot in the current scenario. Where a game is operated by tap to earn and millions of people participate. If you want to put some money there as a reward then it will be the best marketing. Telegram mining is more popular for marketing nowadays.

[CroverNo01]

Marketing is a powerful platform that can bring you huge profits. The more time and money you put into marketing, the more likely you are to make a profit. Telegram mining can help you a lot in the current scenario. Where a game is operated by tap to earn and millions of people participate. If you want to put some money there as a reward then it will be the best marketing. Telegram mining is more popular for marketing nowadays.

This is new age and there's more handling complex projects to deal with, but not to panic because Internet have made everything easy. We sort out projects and invest in then from the comfort of our homes. What's the main purpose of engaging in activities if not to accumulate profits? We're here for the time being and to ensure we don't waste any time towards making our Iifes better. Before anticipating in any activity, it's essential and compulsory to thoroughly do research about the projects you want to invest on because accumulating profits requires huge process. Infaxt anything that gives you enough profits, don't relent towards them because they're the core streams of earnings. Enlisting the sources claimed seems legit and correct, I simply concord with your opinions and they're exploring when applied.

[Porfirii]

The answer depends on many things. Do you have enough money apart from the casino, do you have other businesses that work well for you? What are your plans? Now it gives you a ‘normal’ profit as you say, but maybe by putting in more money you can get more profits, and for that you can think about financing yourself via tokens or whatever.

Hypothetically I would be more in favour of doing things on my own and not getting shit from issuing tokens but it would depend a lot.

I agree with D P D and would add a few more questions like How greedy you are? or Is issuing tokens easy/legal in your jurisdiction?

If I had a profitable business, I wasn't too greedy and the situation for minting tokens in my country wasn't clear, I think that I would wait and see, instead of risk it all because of such a venture.

[Woodie]

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

This what if sounds like a marvel cartoon I have seen

Anyway the thing that makes a business great is one that is open for expansion using the public and this doesn't necessarily mean that the profit share will go down...it's a double edged sword by the way that can help you make even more money than you would running the business...

So on a personal level, I think I wouldn't mind expanding the business via token sales which if it works out would mean extra money/profits for the business.

[bering]

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

Both is hard ways because the percentage of failure is equally large and for token sales previously i have seen some of online casinos has created their native token and open for public sale but this way didn't run well because when the token launching and entering to the exchanges the price is not people expected even those coins eventually delisted from the exchange and became an worthless

Keep running the casinos also is not the best way and people at here know that to making long term profit from the casinos is very hard because the competitions between the casinos recently is very tight and those who cannot survive and lost to compete against big casinos will go to bankrupt because they lack of loyal players but if i have to choose probably i would to choose token sales because if the token presale successfully then i would gets good profit from this way

[Saint-loup]

I don't think they do that for sharing their profits to be honest, usually it's just another strategy in their business model to get more profits for themselves actually. By creating tokens they get a large advertisement campaign for a cheap cost, they increase their popularity and the support from the cryptouser community and they get new customers on top of that. If they need funds for their bankroll or to launch their business, it's also a good way to get some money. So yes I think I would certainly create a token or at least I would offer some investment plans like blackjack.fun is doing.

[Odusko]

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

This what if sounds like a marvel cartoon I have seen

Anyway the thing that makes a business great is one that is open for expansion using the public and this doesn't necessarily mean that the profit share will go down...it's a double edged sword by the way that can help you make even more money than you would running the business...

So on a personal level, I think I wouldn't mind expanding the business via token sales which if it works out would mean extra money/profits for the business.

To me, the problem is not in expanding the business to generate more profits, but the problem is in the possibility of the token development to effect the running of the casino both in man power demand and in resources because for sure the team will have to invest enough money and time into developing the token and at such it will draw them down if and when the team does not have enough capacity to accommodate the two, both casino and token development.
Because both are two separate things that demands alot of time and resources and that is why so many of the cryptocurrency casinos that have developed tokens in the past have failed out of their way right now and at that we need to clearly stated and point out what the reason for token generation is for the casino, it's better for it to be as a utility tokens and not for trading purposes in excahge.

[swogerino]

The thread purpose is to determine what will be decision making of forum member if ever a scenario on gambling happened hence what if topic. I saw this topic before on other board and it’s really to see the reaction of user on situational question.

What if you own a casino that generates profit on normal range(not big, not small either), are you willing to open for profit sharing to public through token sales just to take profit immediately or will you just keep running the casino considering the tough competition?

PS: I will lock the thread on 2 to 3 pages if there’s no substantial reply already.

Everyone who did open a token or profit sharing from the casinos, some of them even well known up to a certain time have all made the same ending, they are mostly out of business completely or they are doing extremely bad compared to the guys who run a normal business in their casinos. Experience has taught us that the best hook up is to offer players some benefits like weekly and monthly bonuses and this is what attract attention and new players so based on this way of doing business if I were the owner I would do the same, this would bring good profit during the long run and every business owner would be happy to achieve this.

Going for profit sharing or token sale is a difficult adventure who most of the times will consume loads of resources without giving any big success in return.