How much do casinos make?

neon claws

Experienced Member
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Jan 5, 2020
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Australia
Obviously won't be getting a straight answer from any casino owners but I wonder if anyone has any idea how much these places are turning over?

Edit: I wonder both about the smaller groups and the huge ones.
 

irish-ranger

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Sep 1, 2018
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Obviously won't be getting a straight answer from any casino owners but I wonder if anyone has any idea how much these places are turning over?
How long is a piece of string? have u ever seen a Chinese funeral?what happened to Lord Lucan?Whats the theory of revalitilty?
Was Mary a virgin? Did horse burger get his 96 withdrawals?
Your more likely to answers to the above
 

Kroffe

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They are probably one of few businesses actually making more money now with the corona virus.
As for how much, i have no idea.
 

Casinomeister

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Bierland
They aren't making as much as they used to make. Back in the early days there wasn't much in the way of regulations. US players could play just about everywhere - same with UK players, Australian players - everyone. So in the early 2000s, casino operators, especially Microgaming and RTG operators were making a shitload of cash.

As soon as the UIGEA was passed in 2006, loads of operators and software providers began bailing from the US market - which was massive at the time. And by 2010 or so, the US market began to seriously decline. At the moment, only a handful of casinos are still able to deal with the US market.

Australia - which was one of the biggest markets - was severed. No one can take Aussie bets or advertise for Aussies unless that want to get arrested at the AUS border.

The UK and the EU has seen more regulations when it comes to Source of Wealth requirements which has turned off loads of players, and with stricter rules, you won't find some players dumping loads of cash into whatever casino - which is a good thing for the player, but the casino is not making money there.

Now you have the Covid-19 virus which has shut down sportsbetting pretty much - so you know William Hill, Betfred, Paddy Power, Bet365, etc., etc., etc., are really hurting at the moment.

Some people are saying - well yeah, online casinos now will make more money now that everyone is stuck at home. But I'm thinking that in the next few months, disposable income is going to dwindle since many people are losing their jobs - especially in the service industry.

So in a nutshell, online casino operators don't make all that much - at least compared to what they made years ago.
 

colinsunderland

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uk
Some people are saying - well yeah, online casinos now will make more money now that everyone is stuck at home. But I'm thinking that in the next few months, disposable income is going to dwindle since many people are losing their jobs - especially in the service industry.

My view exactly, there may be short term gains for them but half a million people in the UK claimed Universal Credit (social security benefit) in a week, to put that into perspective, there were 2.1 million claiming in total a few months previous to that.

That is a massive amount of people with a large income drop in a short period of time, and that was only the figures up to last Tuesday, the lockdown happened after those figures, with MANY more companies having to close, so I imagine those figures will at least double. To go from a decent wage, down to possibly £73 a week isn't going to leave much money, for a lot of people, to be able to gamble with.
 

Davey86

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Obviously before this unprecedented situation!
But you can gather enough information to see how much the big groups made
 

neon claws

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Australia
I'm kind of more interested in the smaller operations; if they're doing it so tough you'd think a lucky hit from a punter could wipe them out?
 

Casinomeister

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Yeah - I shouldn't include Bet365 - she's rich :p

But Bet365 is primarily focused on sportsbetting, just like Ladbrokes and all the rest of the high street bookies. They are going to have to refocus their brands.

I'm kind of more interested in the smaller operations; if they're doing it so tough you'd think a lucky hit from a punter could wipe them out?
It would have to be a really small operation to suffer a major blow from one player - most of these are the Curacao licensed casinos - some of these are really good, some of these are really bad. This is where you've got to do your homework. If you are in a land down under - you're pretty much screwed.
 

Degen

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Here
I'm kind of more interested in the smaller operations; if they're doing it so tough you'd think a lucky hit from a punter could wipe them out?
Most of these such sites will have monthly withdrawal limits of like 5k to protect against this

I would be wary of playing at a small operation if they don't make clear their maximum withdrawal terms. I'd rather play somewhere with a 10k a month limit than somewhere that they don't state it
 

snorky510238

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Uk
What people forget is that some punters lose incredible amounts. You only have to look at some of the posters that have frequented this forum from time to time.

I would bet my last penny someone somewhere has lost £50,000 in one night and wouldn’t be surprised if it’s not that uncommon, possibly more.

One of the big operators could easily take £1,000,000 a day in deposits IMO.
 

Mouche12

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True, but there are also a lot of costs - marketing, tech, games, affiliates, staff. So what would be their net daily profit in your scenario?
 

Harry_BKK

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Balcony
True, but there are also a lot of costs - marketing, tech, games, affiliates, staff. So what would be their net daily profit in your scenario?

It also depends very much on how players do at the casino. Nothing will be left if they have deposits of $1 million in a day when players are lucky to take out $1.2 million.

I know casinos have a tough time if they have a month where the games run overall higher than advertised RTP. Yeah, it will get back to normal over a period of time but on some games, they will never recover the losses.

IIRC, the magic words are "casino hold" which is the net money in their pocket at the end of a day/week/month/year. From that they have to pay all the overheads, running cost, etc.
 

snorky510238

Chief glockenspiel maker
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Jan 12, 2018
Location
Uk
True, but there are also a lot of costs - marketing, tech, games, affiliates, staff. So what would be their net daily profit in your scenario?
I was really basing that on slots alone. If you add in the gaming tables along with the biggest providers having sports betting I would think it is feasible those at the very top could take 10,000,000 a day on occasions.

I now that sounds a lot but imo it could even be way more than that. A conservative estimate would be around 1 million a day in profit on average for the biggest ones.

Can anyone give me a true figure of how many customers one of the biggest companies has online? I have gone off what I can find but not sure how accurate those figures would be.
 
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