Quote from: hahay on August 05, 2020, 09:20:13 PM

Quote from: Silberman on August 05, 2020, 07:04:20 PM

Quote from: kryptqnick on July 04, 2020, 04:41:35 PM

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. 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?

This is an interesting question, I do not have recollection of any new successful casino, most of those that we know have been here for a long time and they have the trust of the community, most likely people keep creating casinos because on the surface it may seem as if it is easy, but they do not realize that it is incredibly difficult especially when taking into account the security aspect, as it is very easy for hackers to find flaws in your code and rig the games or steal the coins of the other players.

In addition, they will continue to try to make new ones because if they are successful, of course that is a very good profit, because in business there are definitely profits and losses, at least it all depends on how they build their trust. Indeed, it is difficult to succeed in a short period of time but if the new casinos are able to survive and can keep up with the existing competition, of course it is all about good management and a great and planned promotion structure then I am sure over time they will also be able to survive and continue to grow.

And that is yet another reason why we do not see many new casinos becoming successful, it is very difficult for a casino to become successful right away, they will have to bid their time, the problem is that this costs money and as we know creating a casino is a very capital intensive business, not only you need to develop your own games, have good support and have a fast server you need a significant amount of capital to promote the casino, give offers to the gamblers so they can choose to stay and play for longer and you need the capital necessary to avoid being bankrupted by a whale, and when you add all of that I doubt that even 10% of the new casinos have the necessary capital to succeed.