Should casinos reveal their profit statistics to public?

[Nomad]

If casino reveal their profit, no one is going to play casino because everyone will understand that these casinos are making a lot of money because they are not allowing players to win.

 

[Nurudeen]

I really don't think it's necessary for casino or gambling company to post their financial records to the public. It's just the general public or gamblers that should gamble responsibly

 

[Richard92]

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

Casinos are making lots of money they can review their profit statistics to the public because it will be very unheard of because of the maximum profit they make daily.

 

[Ceeny007]

In order to show their strength and to convince potential customers that they are rich enough to pay winnings then I advocate for it to be done

 

[btaliat]

Most casinos don't do this because they are scared this may scare off the betters especially if they are not making enough money.

 

[Richard92]

Most casinos don't do this because they are scared this may scare off the betters especially if they are not making enough money.

If casino review their profit margin to the public it will be so shocking to see how rich is the casino are so I don't think they were ever do that.

 

[Trexxxy]

I'm indifferent about this honestly, I don't think them revealing their books is going to bring more customers or not. I don't see any reason to, if it is a law by the government then maybe.

 

[Niftyyem]

Such action may be for the good of the users but definitely bad for business. Alternatively, casinos in profits and good standing can be announced on sites of the regulatory body and frequently updated.

 

[Justin]

If casinos reveal their profits, I don't think people will start playing casinos because casinos earn a huge profits (because 99 percent people lose money playing casinos).

 

[Kubiat-Abasi]

Well,I don't think there will be any effect whether they divulge the information or not. The effect would be zero or neutral because it won't stop gambling.

 

[Ezekiel]

Well that is your own opinion that I they reveal their profit statistics customer will feel secure and gamble more,no I feel customer will feel reluctant discovering that the platform benefit more than them

 

[Shigobad2020]

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?

If casinos can really reveal their profit to the entire world , I believe they will be shut down the second day because they make most profit from the gambling, mainly few people normally wins in a casino, 2% of the gamblers.

 

[Laurentta]

Honestly, i don't like gambling and i don't think it's necessary for casinos to reveal their finances to the public. It might only encourage more gambling besides gambling is a risk and those that partake in it are often aware of the risks that follows.

 

[greenie]

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.

that is right. if he publicly displayed their correct profit, he would give a nasty picture to the public because it will not suit you to see that he has a profit of 1-2-3 million for example. this data will be confidential in any casino.

 

[Toyoabasi]

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?

Yes, you are right.
Letting the public know if they are running a loss or profit would mean letting their guard down, especially if they are losing. Investors would not feel secure putting in their money.