I've been on this forum long enough to see perhaps hundreds of casinos come and go. They keep appearing and dying shortly afterward all the time, and I wonder why people still take such a high risk of opening a casino when there is a close to 100% chance your casino will fail
That's kinda normal
The majority of startups (like 90% or something to that tune) fail within their first year. Nassim Taleb says (and I generally agree with him) that it is required for the industry as a whole to prosper. More or less, people take risks because people are risky overall, and the rewards are high. Besides, entrepreneurs reveal more optimistic attitude toward life, and thus they are prone to underestimate the risks and overestimate their abilities
This got me thinking about popular casinos. Of course, we all know the names. But they are usually years old, not anything from 2019-2020. The one exception is Stake.com, but I wouldn't count it as an example of a new casino appearing out of nowhere and attracting gamblers because it did not come out of nowhere (it's owned by Primedice). Is it just me or are there virtually no recent casinos that got popular? Or can you name some examples? And in general, do you think new casinos appearing in 2020 stand a chance against those with solid reputation and long time on the market?[/quote]
Let me guess, many have already mentioned wolf.bet