After visiting gambling sites which are really similar, or even identical, and the only difference is the name, no doubt you get confused. I know that you feel suspicious about all this like what if every casino is owned by the same company? What if it’s all lies just to get my money? Don’t exaggerate. Yes, online casinos take your money but only when you allow them to. Let me explain to you why online casinos are almost identical.
First of all, it’s important to say that there are two types of legal online casino owners. There are companies that own only one online casino and they dedicate all their life to this gambling business. Such casinos are easy to spot. They are usually named the same way as the head company. For example, MrGreen online casino and its owner is Mr Green Limited, Betway casino brand is owned by Betway Limited and so on. You can find this info either on our site casino reviews, or on the gambling sites in the bottom of the page.
The other type of online casino owners is holdings, so to speak. These are the companies which hold and manage work of several online casinos. Examples of such owners are Apollo Entertainment Ltd, Fresh Horizons Ltd, Genesis Global Ltd and others. Their sites are similar. As a rule, they provide the same service including promos, games and even the same customer support team that is responsible for issues of all online casinos in the holding. That is why sometimes it gets hard to contact an operator. He’s got too many requests. Besides, if you’ve ever contacted an agent, you could notice him asking about the name of the online casino you play at. This is because the team is the same for all of them.
They make money
Ok, now we know that identical casinos with one and the same owner exist. Then the other question is why do these people have so many gambling sites? And the answer is money. It’s all business. After making one successful gambling platform, the owner decides to copy the site to attract more players. If the first site doesn’t suit the visitor, then the next one will surely do. And it works indeed. The service remains the same though. And no matter whether you’ve chosen the first or the latter, you’ll play the same games and contact the same help centre.
Another interesting thing you might have noticed is that all online casinos are based in one and the same places. For example, Malta, Costa Rica, Curacao, Gibraltar or other little countries that are far away from your actual home. The reason for that is the country regulations. In the world, there are only a few countries where it is legal to open online casinos. Thus, most casino owners register and license the official companies in these precise countries.
Although there are casinos that are owned by the same people, it doesn’t mean that they are fake or fraudulent. They have licences and approvals from local and international authorities. Their gambling activity is official and fair. So, don’t let the stereotype confuse your thoughts. Play with a complete peace of mind.
The frequency of using a promotion depends on its type:
Welcome (for deposit and no deposit) are given specifically to new players after registering and depositing money into the account. Usually, players get them for the first few deposits. (up to five)
Holiday promotions, tournaments can be activated only during the period set by the administration.
Cashback bonuses, lottery, or tournament bonuses, can be activated every week. Regular players can achieve loyalty status and receive benefits depending on a certain level.
Why should the casino be licensed?
Casinos from our list provide licensed activities by reliable regulators. The security of any casino comes first. That’s why licensing is very important in gambling sphere. Gambling authority issues a license. Every platform that provides wagering, in particular slots, is required to receive a license. Reliable regulators make a full casino check in order to prove its fairness.
Here are some facts about casino licenses
- Doesn’t matter how many gambling licenses casinos have. In order to start a full casino operation, it has to receive a license. In fact, casinos must be registered under at least one jurisdiction. However, when casinos try to build trust among players, sometimes, they just get the licenses by easy authority. They get it without any problems. As a result, they receive several non reliable licenses, without having at least one with a responsible attitude.
- Players don’t pay attention to the license. If you don’t care about the casino license, please, make sure to check and be careful about it. It’s very dangerous to fill in your personal information with banking details to scammers and lose money.
- Licenses are not equal. We’ve already discussed that there are many casinos under different jurisdictions. However, not all of them provide equally reliable service. Some of the most popular regulators: Malta Gaming Authority, UK Gambling Commission, Curacao eGaming, Kahnawake and Gibraltar Gambling Commission.
How to identify the license?
Most casinos show the list of licenses and other certificates in the bottom of the home page. You can easily scroll down and see the stamp of a certain regulator. Moreover, there is a possibility to find the casino on the website of a licensor. For example, the UK Gambling Commission provides a list of casinos on their website.
In fact, gambling licenses are very expensive. As a result, casinos, which have a license, have to be very serious about gambling activities and customer satisfaction. They can guarantee trustful and fair experience for all players, especially for jackpot winners.
Before we actually estimate the total revenue of online casinos, I would like to mention that no one can provide the real amount of money earned by casinos per month or per year. Besides, it depends on the casino reputation and popularity. Fair and customer-oriented online casinos probably make more money compared to the income of the small, less popular gambling sites.
Online casinos have expenses too
Like any other business, companies working in the online gambling industry have to buy services, pay ‘for rent’ and other fees. The highest expense of online casinos is game software providers. A well-reputed casino has at least three partnered softwares, each of them costs about $11,000 a month. In addition, they all take charges from the games when players use it. The monthly charge is about 15% per game.
Apart from the providers, online casinos need to pay for marketing and affiliate programs. It’s again estimated about $12,000 a month. Add to this other payments for hosting, security services, salary to the team and additional expenses. Totally it equals to approximately $25,000 – $30,000 a month.
Yearly revenue of online casinos
Let’s take an average revenue amount of the online gambling industry a year. It’s around $50 billion a year. Thus, about $4 billion each month. It would be simple just to divide the sum by the number of operating online casinos, which is about 4,000 online casinos on the whole Internet. We consider small and big popular casino sites.
Dividing it all, we get $1 million per casino. But as I’ve already mentioned, not every casino works at the fullest. So, there must be about 20% online casinos that make a real profit worth approximately a million dollars.
Presumably, an online casino makes $1,000,000 a month. This sum covers the fixed expenses of $30,000 and payout to players, let’s say it’s $150,000 a month. Saying again, I’m not sure which sums are correct. Anyway, online casinos result in about $800,000 a month, which is approximately $10 million a year.