Are Metaverse Casinos a Good Investment?
With the recent announcement of Atari's (FRA: IFGA) plans to build a virtual casino in the metaverse platform Decentraland (CRYPTO: MANA), yet another huge name is stepping into the metaverse with a plan to make money and entice people to participate in the next iteration of the internet. A casino is an interesting choice, though not an original one by any stretch of the imagination.
In fact, there are several casinos already active in Decentraland, with the first, Chateau Satoshi, opening in February 2020. Others are in progress in other metaverse platforms like The Sandbox (CRYPTO: SAND). They're just one of many types of experiences users can have, and metaverse real estate investors can benefit both in direct profits from gaming and indirect passive income from renting the properties to gaming companies like Atari.
Although metaverse casinos can be a big gamble for anyone starting out, those that make it have the potential to make it big. That's why they can be a valuable tenant or a valuable asset for a metaverse real estate investor. Like anything in the metaverse, solid, reliable history and figures are hard to come by right now, but we do know that one of the top casino chains, Decentral Games' (CRYPTO: DG) ICE Poker casinos, brought in $7.5 million in revenue for the three months ended in February. And according to its website, it had $7 million in revenue for the 30-day period ended April 11.
Source Fool.com
