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Should casinos reveal their profit statistics to public?

Aaron625

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If casinos start revealing whether they are in profit or loss , the customers or the gamblers would feel more secure to gamble. There were some casinos which were shut down permanently because their bankroll was zero and the casino was in loss. So if casinos start telling their overall profit or loss , it would be better to judge the casino by gamblers.
What is your opinion?
 
That's is truly true. There are many people will want to know the stand of the casinos before they can even trust gambling with them. So, doing this will let them have security of mind.
 
Even the yearly reviews that the casino business reveals causes a lot of stir on the internet talk more of when the daily information is publicly displayed.
 
I think it would be best to do it on a monthly or yearly basis. It might be Abit stressful gathering their records on a daily basis and most casinos work 24 hours
 
I don't think these should be made public it will have a negative impact on that business, rather the regulator should be the one to give a clean bill of health to the casino.
 
The financial statement of the casino is only revealed to the government accountants for purposes of taxation. What is the sense of publishing the profit and loss of the casino? If you own the casino you may say that it is a stupid idea to let the public know of their net worth.
 
If casinos start revealing whether they are in profit or loss , the customers or the gamblers would feel more secure to gamble. There were some casinos which were shut down permanently because their bankroll was zero and the casino was in loss. So if casinos start telling their overall profit or loss , it would be better to judge the casino by gamblers.
What is your opinion?
That is right if casinos will reveal their true financial condition.

I believe that they will not reveal it. It's because they wanted more people to gamble in their casino and also win from the bets of the gambler.
 
I don't think casino has any need to show their financial state to the users except for the sake of convincing them that they have the money to run the casino .
 
Casinos don't need to publicize their earnings or income. They're a gambling system and no one releases information about such establishment. Except they can release their statement of account and show profit and loss, that's if they're a registered establishment. If not, they're within their rights to not disclose it
 
I never thought of this but seeing this now gives me an impression that if all of these casinos display their profit or loss, their customers will feel safe gambling.
 
I don't really know if casinos can revealed profit in public, but it will be very good if them can revealed the profit so that people will know before going into it.
 
I don't think any casino will try to do that because in a case where they do that, and they're in massive gain the customers may be feeling cheated.
 
If casinos start revealing whether they are in profit or loss , the customers or the gamblers would feel more secure to gamble. There were some casinos which were shut down permanently because their bankroll was zero and the casino was in loss. So if casinos start telling their overall profit or loss , it would be better to judge the casino by gamblers.
What is your opinion?
Private businesses cannot be made to share their financial condition by any government to public, unless and until they are listed in stock market. Since casinos are using money from the people which is a betting, governments can make the rules that all the businesses in betting industry, needs to be listed in the stock market and that will automatically take care of their financial clarity.
 
This is the last thing that they would do. They will absolutely not reveal the amount they are making. They wouldn't want their counterparts to know if they are almost going bankrupt. The punters will not have confidence in the company if it announce its low financial status.
 
I think it would be really great if they start doing this. But to be real, they can't accept to do such a thing. Especially when they are not earning much and want to use the investors' money to revive their financial states.
 
If casinos start revealing whether they are in profit or loss , the customers or the gamblers would feel more secure to gamble. There were some casinos which were shut down permanently because their bankroll was zero and the casino was in loss. So if casinos start telling their overall profit or loss , it would be better to judge the casino by gamblers.
What is your opinion?
It can never happen, because that’s what they call see finish in my country. And no one will like people or is client to know everything about is business most especially the financial axis so is not possible I guess.
 
Showing stats by casino website is not good one for the casino company. For the way is see it. If people can see the huge profits the website have made and see the very high lost the players have made, this will want to make some players to have a rethink and stop playing
 
If casinos start revealing whether they are in profit or loss , the customers or the gamblers would feel more secure to gamble. There were some casinos which were shut down permanently because their bankroll was zero and the casino was in loss. So if casinos start telling their overall profit or loss , it would be better to judge the casino by gamblers.
What is your opinion?
and could affect their customer thinking.... Its gives some addicted gamblers assurance that they win they might get their money, but some might also think the casino are luring their money for their own gain...
 
For me it's a futile experiment. The gambling companies and casinos rake in millions weekly, and knowing their profit margin will not help any of its users.
 
I really don't think it's necessary for casino owners to reveal their finanacial statement to the public. Gambling comes with term and condition, if you are ready to accept it you do it and vice versa
 

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