All the time developing technology is one thing where some have big differences, some can operate with much smaller staff because of many tasks can be automated which wouldn't maybe possible some time ago, some are engaged to their platforms, have made loads of own integrations but if could now choose, would end up to different solution as some start to be really outdated. Investing to rebuild everything to new platform is quite huge project and costs which is not done in short time with very small investment.
Completely agree. Restructuring and changing tech can be costly. Usually done for the cost saving benefit in the long run though.
If a casino said we are lowering rtp on some providers due to this but aim to put it back up by 2022 i would stay loyal if i had been like VS for example and play what i could at max.
Staff costs is one thing where some are able to operate with much less staff in payments, compliance and other things what can be done more automatically but maybe couldn't some years ago. When you make deals with payment providers/game providers, you have huge advantage if you are big and execute much more transactions, you are in much better position to negotiate if you are one of these big corporations than you are stand alone casino with smaller volumes. With game providers is quite obvious that if you have 10 times more volume than some other, you can negotiate better deal, they can cut their margins a bit as volume keeps profit same. Like in most of businesses, you have big advantage when you are big corporation like if you compare corner store and tesco to negotiate with developers, i have no doubts their deals are different.
I know payment providers, costs and the industry well enough to know the charges will be based per transaction.
Therefore you only pay for what you put through, so more customers = more costs. We know also, for a casino, for a fact - more customers = more profit. This is a necessary cost relative to the throughput. I also know it is very, very competitive in terms of % cost per transaction so a less popular casino will be paying less.
Gateway costs can vary if you develop your own. Most are bolt on provided by the Acquirer. Again relative to the casino size i believe in most cases.
Around same size casinos (if you look deposits or GGR) can have surprisingly different operations costs and therefore profit margins as well, like in every industry, some companies are healthier than others and have more optimized cost structure which might have begun already from planning the whole product.
Costs and incomes in every businesses are bit more complex than just compare company A and B, all have their own twists in their business models in every industry, that's why pointing one single part of business model that A can do this, B should also but they just don't want and are greedy is not really telling all the truth even it seems to be quite simplified opinion here.
Yes all businesses are different and some are run better than others.
Ill come back to the greed assumption.
RTP for some can be one and only thing what matters, for some others there are some other things as well like here are some great casinos which are really liked here even they don't have all games with max RTP, maybe they are just greedy.
All stock listed companies (mainly big ones) have their numbers quite well opened every quarter, just by going through their reports can give more view about where numbers are coming and companies operations, many of these companies are much more than casino sites (have remarkable B2B business, investing to different things etc..). Now have been time when many have published their Q1 results which are all public.
Not saying that people are not allowed to compare products, only that without much knowledge about company insights, it's just not really great argument that "Tesco can sell can of beer with XX cents and other store is greedy and asking X cents more, if Tesco can operate with that price, all others should and everything else is greediness" where quite many short cuts to assumptions have been taken.
RTP is not the only thing that matters but we are talking about accredited casinos. When i said RTP is the only real point to consider i should have stated 'once you have found their trustworthy, pay etc'.
Tescos power is in the buying which affords them to sell the products cheaper not to sell a worse product for the same money. Sorry, but i dont understand that comparison either or about the companies being much more than just casinos. They are run as individual businesses and cost centres regardless of group i would have thought.
Reps can't disclose too much internal information (which in most of companies is strictly confidental) which leaves many assumptions to be facts as they can't be corrected. I personally don't mind how people want to make statements, just my two cents that if A is doing something, all others who don't do same are greedy, is just not really accurate statement without backing it with any facts.
Afraid i dont have the time to go through company reports though i would like to
If they were more open i might be more inclined to back what i am saying with evidence.
With the reps not being able to discuss their decisions for pushing a cheaper product at the same price then people will speculate because there is nothing left to do.
That's what this thread and many others i have read are doing. Its mostly speculation without the written reports but who will post or even bother reading. I think there is a fair amount of intelligence and knowledge within these threads that affords some fairly basic conclusions, from what i have read.
Best discussion i have had for a short while though. Yes i should get out more but hey its lockdown.
Edit: Maybe i should spend some time on lockdown learning how to quote properly. Sorry for the eye burden.