Almost every now and then, there is a new casino that is setup, each week, it is like there is a new casino where gamblers could gamble. I am aware that the competition in the industry is good, but more casinos mean more publicity for gambling, and more publicity for gambling means more gamblers definitely, and if there are more gamblers, we will have a higher chance of people who will turn up with a gambling problem or challenge. This is a thought I had earlier, I may be wrong, what do you think? What do you consider is the effects of the many options and variety of casinos to gamble on, do you think that it has somehow promoted and made addiction easy? do you feel that gamblers would have been less addicted if we have fewer casinos?
I know what happens in this business. Lots of crypto casinos open but lots of them close. It's super easy to open a crypto casino these days because companies sell different services that helps you to build a whole casino. You contact to slots providers, live casino suppliers, in-house game providers, call them and tell them that you want to rent their products. They'll happily agree with you, you hire an UI/UX designer, Front-End, Back-End or FullStack developer, customer support, marketing officer and that's it, you created a casino but the reality is that it's very hard to become popular because there are so many competitors. 10 years ago, there were only a few casinos but today there are thousands of crypto casinos. You need to be extremely good in marketing with lots of financial resources to succeed or you'll close like the rest of the thousands close with lots of huge debts.