How is Poker unprofitable or less profitable when their rake is 5%? They take 5% from each hand, which gives them a huge guaranteed Profit.
It seems to me that you are unclear about the difference between revenue and net profit.
It's 5% depending on the site, on the hands where you see the flop; if there's no flop, there's no rake. Plus, with bonus and rakeback options, it'll be less. Also, that 5% has to cover a lot of expenses.
But the main difference between poker and casino games like slots, which is more profitable, is that in poker there are net winners who deposit once and then only make withdrawals. In casino games, people occasionally cash out when they have a big win, but all customers are net losers. In poker, no, the net winners take money out of what is deposited.
In live poker, it's not profitable because of the structure, because you need to pay dealers, change decks, and each hand is very slow compared to someone who sits down to play slots and doesn't stop clicking. In online poker, you don't need that physical structure, but there's a greater risk of collusion, for example.
Sorry for the mistake, revenue and profit share the common meaning in my language and when I was typing quickly, I made a mistake but I know the difference between the profit and the revenue.
I don't know if you understand me correctly, but the rest of gambling, such as slots, continues to expand; it is the poker market that has been declining for years.
Yes, I understand you correctly but I had a different idea about this. It's not necessary to build your own software, they can partner with companies like Partypoker and Metawin players will be able to play on Partypoker with thousands of active players. I don't know what will be the cost of this but I believe that Metawin will be able to attract new players, especially those who love Poker and also play other games and there is a chance for Metawin to profit further with the addition of Poker because when someone plays poker, there is a chance they'll play other game, for example, slots and the casino will profit even more.
A local supermarket has an interesting approach that can also suit casinos. There is a hypermarket that has huge discounts on some products but other products are expensive. With the right marketing, they are associated with being a discounter while in reality, they are no different from any other supermarket. When family members go to shopping because there was a certain product in sale, they buy it but also buy other products that are expensive, because the logic is, let's buy everything here together and don't go in multiple supermarkets because it's time-consuming and tiring. I hope you got my point with this example.
Stake also recently added Poker on their website and few other casinos are also adding it. It will be very interesting to hear directly from Skel, he knows it better than us but I appreciate your response.