Post
Topic
Board Gambling discussion
Re: Can Casinos Go Bankrupt Because of Player Wins?
by
komisariatku
on 24/06/2023, 13:07:49 UTC
But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
The casino is a company, and to build a company should have management and figuring assets by professionals. That is bad management if the Company goes bankrupt after a player won a big cash, what employer did? and is the operator sleeping?, Damn, I never hear that a new company/casino goes to bankrupt after a player won, I often hear about a new casino with bad management stealing customer money. So if you want to build a casino, you should have prepared 2 points; big capital and good human Resources management.
Your keen observation underscores that a casino is more than a playground of chance; it's a complex enterprise requiring shrewd leadership and significant funding. The glistening facade of the gambling world often masks this truth. Success hinges on strategic vision, solid fiscal planning, and adroit management...~snip~

Yes I agree with you. It seems I forgot something. The casino has a corporate structure with multiple complex divisions. Perhaps managing a casino is as complicated as managing a bank, because they both handle money.

Casinos must have very strong sources of funding so that they can always pay out customer winnings, That is the casino's best way to have solid trust. Just like a bank that must be able to cover the credit of each creditor. Apart from that, the promotion and marketing side must also be reliable, so that there are always people playing at the casino. I think casinos are just like any other company, and every company will go bankrupt not because of customers, but because none of the customers come.

Maybe if a casino goes bankrupt, it's because of bad management. It seems that the casino will not go bankrupt because of the players' winnings