I think you will be more than aware that a recession is looming, and that is something a lot of business owners are worried about, and many of them are putting into place strategies that will enable them to ride out a recession if or when the next one arrives.
One industry that is certainly gearing up to battle any downturn is the gambling industry, and those operators that run a vast range of sister casinos are doing all they can to keep their customers coming back for more and attracting plenty of new ones too.
With that in mind, I will be taking a look today at just how online casino operators are doing all they can do to negate any loss of income in the coming weeks, months, or years.
Enhanced Promotional Offers
When times are hard, people obviously do start to cut back on their outgoings, and whilst those who do enjoy gambling possibly will always try and set aside a modest gambling budget, they will always be on the lookout for ways to get the maximum value out of their bankroll.
The way in which online gambling sites and online casinos in particular can ensure they stay one step ahead of their land-based counterparts when it comes to promotional deals, is by keeping a steady flow of deposit match type bonuses and free slot spin promotions are offered to their customers.
You have to keep in mind that the running costs of such sites when compared to land-based casinos is tiny, and as such the natural savings they make by running a casino site can be passed onto their customers by bigger and better valued bonus offers and deals.
So moving forward, if a long and drawn-out recession does start affecting countries the world over, you can expect most gambling sites to start boosting the value of their offers and deals to keep their customers loyal and new ones coming through their cyber doors and signing up to their sites and gambling apps too.
Adding More New Casino Games
The ease at which any online casino operator can simply bolt on brand new games onto their gaming platforms, has resulted in some of those sites boasting hundreds or even thousands of games.
Make no mistake about it, players love nothing more than getting stuck into playing the very latest casino games, and any upcoming recession will not put a stop to operators increasing the range of games they have on offer.
Plus, as gaming regulators now insist that casino sites publish the payout percentages and/or built-in house edge of all of their games, that means players can easily look up the expected long-term paybacks on any games.
Therefore allowing them to play only the higher paying games and being open and honest about their game paybacks is something land based casino operators do not tend to do.
Live gaming platforms have also enabled anyone gambling online to get the thrill and atmosphere found in a land-based casino, but all from the comfort of their own homes, and will see them saving money by not having to pay a visit to a casino venue to play their favourite card and table games.
Free Slot Tournaments
One final way to not only keep players visiting to an online casino but getting them to do so regularly is by offering free to enter slot tournaments and ones that offer some decent and high value prizes.
Many casino sites have started to schedule a large number of such tournaments morning noon and night, seven days a week, for their thinking behind doing so is that some of those players they attract to enter those tournaments at no risk, may go on to deposit and play for real money in between the tournaments running.
However, the downside of running free slot tournaments, is that they are usually heavily subscribed, and as such the individual chances of one player winning one of the prizes on offer, which are usually casino credits, are quite low.
But when times are hard, playing for free and having the chance of winning real money credits is quite appealing to a lot of people.
Disclaimer:
- As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman and Sikkim, prohibit gambling
- Land-based casinos are legalized, with certain guidelines, in Goa and Daman, as per the Goa, Daman and Diu Public Gambling Act 1976
- Land-based casinos, Online gambling and E-gaming (games of chance) are legalized in Sikkim under the Sikkim Online Gaming (Regulation) Rules 2009
- Only some Indian states have legalized online/regular lotteries as per and subject to the conditions laid down by state laws. Kindly refer to the same here
- Horse racing and betting on horse racing, including online betting, is permitted only in a licensed premise in select states. Kindly refer to the 1996 Judgement by the Supreme Court Of India here and for more information
- This article does not endorse or express the views of Qrius and/or any of its staff.