Quote from: Crypto Library on Today at 06:15:05 PM

Quote from: Forsyth Jones on April 28, 2024, 04:59:59 PM

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Do they make more profit than digital banks, CEX exchanges, etc.?

All peoples in around the world don't have the same ideas and skills at all the sector because some of the peoples here earning a lot from the online casino and some of peoples making world largest and biggest exchanges here. So it is also very difficult to say for me which sector is more profitable cex, casino or the digital banks.
But for me casino business is more complicated maintenance and I think not all people can handle the difficulties in this business but for cex I think it is much easier management here and large people are also attached with so may be they make more profit from the casinos as we can see already Binance.

Casino go bankrupt easily if not well managed. Paying winners huge amount of money everyday is not simple. The house also takes care of staff, security, developers and all of it. That's why they tend to milk lots of gamblers by offering a slim housing edge. Cex on the other hand is not easy to maintain, because of the fluctuating prices of cryptocurrencies, they could get into trouble as well. Looking at the business world, every platform that solves a problem is capable of being profitable. Can't say for sure if casinos make more money than exchanges. What matters is the number of users, regardless of the niche. A casino with lesser users wouldn't get compared to a cex with lots of traders.

No business that doesn't harness a downside what is most crucial is being able to manage and maintain the platform. Humans are too numerous, and demands lots of products. Some do want multiple things, not like gamblers wouldn't use cex and vice versa. If a person is looking to start up such business he is meant to begin with what he's able to run or manage. Online casino costs lots of money to get licensed and build. Therefore, paying those players, the casino has to stay prepared financially not to go bankrupt. Don't know of online casinos that have gone bankrupt but offline casinos have such problems often times. There is an increasingly number of online users, making online casino profitable to run. Yet it doesn't make it less risky to manage. It's all about determination.