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Topic: Are there any successful and relatively new casinos? - page 8. (Read 1574 times)

hero member
Activity: 1666
Merit: 629
We can see that most of the new services started recently have been successful. The main reason for this is not the quality of the services, but the high demand for the gambling games due to the process we are in. Of course, it is difficult to predict this, but if you want to comment for the last period, it is possible to say that a few casino services have achieved great success after they started operating.
full member
Activity: 812
Merit: 142
Most new casinos created in the recent days just have the similar user experience with the existing reputed casinos so they literally can't drive people into their sites without having anything new in their site.And also some casinos were started with very less capital so they will go bankrupt even if there are few huge wins on their site, we need to understand casino business is not for everyone, start one when you have enough money to run casino atleast for a year even without making any profits.

It is like following the trend, since now many casinos were shut due to lockdown and eventually people got migrated to online gambling so many of them wanted to seize this opportunity and as a result came up with many gambling sites for the users. So, as such this either taking the new business venture online or trying to see if they can have some share of this online gambling and survive it.
sr. member
Activity: 1050
Merit: 377
Most new casinos created in the recent days just have the similar user experience with the existing reputed casinos so they literally can't drive people into their sites without having anything new in their site.And also some casinos were started with very less capital so they will go bankrupt even if there are few huge wins on their site, we need to understand casino business is not for everyone, start one when you have enough money to run casino atleast for a year even without making any profits.

With casinos, they have similar functionality and user experience. The only thing that a casino can lure people into is a profitable offer, more profitable than that of competitors.
Otherwise, no one will risk their money in a new untested place. It should be suspicious of all new casinos. They are not legal, unregulated, and if they make too attractive conditions, it is worth being wary.
full member
Activity: 1498
Merit: 146
Most new casinos created in the recent days just have the similar user experience with the existing reputed casinos so they literally can't drive people into their sites without having anything new in their site.And also some casinos were started with very less capital so they will go bankrupt even if there are few huge wins on their site, we need to understand casino business is not for everyone, start one when you have enough money to run casino atleast for a year even without making any profits.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
There are many elements which affect the existence of a casino. In my point of view, there are so many casinos created in the last few years and because of that reason, you need to have services, games and interface which differentiate your own casino from others. Customer support, transaction speed are also main components making a strong gambling website. On the other hands, more and more people have the chance to interact with the internet as well as the cryptocurrency world, creating a bigger market for anyone who want to join the online gambling industry.

However, as I always see, people only tend to stay in one gambling site if it makes them feel comfortable, relax and enjoyable. Word of mouth is also a strong marketing tool which help you to gain more and more customer. If you want your casino run smoothly, let the customers speak what they want and hear what improvement is need from their voice. A change can be small but it will significantly create a healthy and strong environment where gamblers can trust you and your system

The last component I want to mention is the capital. You cant compete with other gambling sites if you have a low capital which can even maintain your website for at least half of a year. 200000$ is needed to maintain your business. in my point of view, and you can do tons of things with this huge capital.
full member
Activity: 1638
Merit: 122
Casino sites is a trend right now that's why many business man are following the demand and you can see there's a lot of money to be made even millions in only a matter of days because some whales bet huge amounts even though the probability of winning is low.
Some fail because they dont have good funding, promotions, SEO and most of them are fake gambling sites.

low probables are equals to high return , thats why they take risk for easy money just in case their bet hits  but itll also be a loose to you if your the owner of the casino   . whales are high bettors but only wise and will only hit and run   .  before that , how can assure that whales are gonna be play on your site if your site is only new on this industry  . most gambling site easily fail because they are not legit  and second would be they lack of exposure due to the competitive market  in which the cost for best promotion is also costy
legendary
Activity: 3514
Merit: 1280
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That's kinda normal

The majority of startups (like 90% or something to that tune) fail within their first year. Nassim Taleb says (and I generally agree with him) that it is required for the industry as a whole to prosper. More or less, people take risks because people are risky overall, and the rewards are high. Besides, entrepreneurs reveal more optimistic attitude toward life, and thus they are prone to underestimate the risks and overestimate their abilities

Let me guess, many have already mentioned wolf.bet
Hm... Maybe it's true that it's normal in any sphere for the majority of projects to fail. Although it seems that the success rate of new casinos is far from 10%. More like 1% or even less than that. As for wolf.bet, it was indeed mentioned before, and it's a good example. But there aren't many such examples, even though we can see a few new casinos appearing on the forum every week

I don't know the exact number

So 90% was just to show that the survival rate is not very high, as it were. Regarding the projects you mention, I've seen a couple of them here. They look more like a student's homework rather than real stuff. If we exclude these wannabe casinos, the percentage of failures should go down. Anyway, Wolf.bet has already survived its first year
legendary
Activity: 3248
Merit: 1402
Join the world-leading crypto sportsbook NOW!
That's kinda normal

The majority of startups (like 90% or something to that tune) fail within their first year. Nassim Taleb says (and I generally agree with him) that it is required for the industry as a whole to prosper. More or less, people take risks because people are risky overall, and the rewards are high. Besides, entrepreneurs reveal more optimistic attitude toward life, and thus they are prone to underestimate the risks and overestimate their abilities

Let me guess, many have already mentioned wolf.bet
Hm... Maybe it's true that it's normal in any sphere for the majority of projects to fail. Although it seems that the success rate of new casinos is far from 10%. More like 1% or even less than that. As for wolf.bet, it was indeed mentioned before, and it's a good example. But there aren't many such examples, even though we can see a few new casinos appearing on the forum every week.
The chances are low and odds are against unless the new casino aims to be a specific game focused gambling platform. The long term success will happen but there are questions have to be answered by the team before going to accept this decision: Will they be able to advertise among the new casino and gain the trust of players among all the old established brand casinos?
That's another interesting question because I am not sure it's obvious that a casino focusing on one game has more chances of getting popular than a casino that offers various features. For instance, Sportsbet.io is a sportsbook, but it's also a casino with slots, roulette, blackjack and other games. I believe most successful casinos actually offer lots of stuff rather than one game, although that's debatable.
hero member
Activity: 1232
Merit: 858
Perhaps, with the new casinos entering the market, the competition will be harder since the old casinos already established their crucial characteristic which is their reputation, I am not saying they wouldn't stand a chance, but with the right marketing and good service they could provide, it will still be possible for these new casinos to compete.



In order for casino owners to get used to the new business and compete with those who have been on the market for a long time, you need to invest a lot of money in advertising, in encouraging new users. You can offer something new that other online casinos don't have. So far, I've only seen ways to invest a lot of money in advertising and offer welcome bonuses to new players.

The should probably create good/safe betting games that more bettors can win regularly, learn something productive from or both. I guess that will count as unique if nothing like that exist already in betting world. Most are probably still creating things that do not excit people well enough and that aren't easy to use/win


Increasing the winning percentage of player's bets is a bad competitive for the casino. If every casino does this, they will run at a loss. This is deadly for business. There are many ways to attract players, and even I have written about them here many times.
sr. member
Activity: 1400
Merit: 269
Casino sites is a trend right now that's why many business man are following the demand and you can see there's a lot of money to be made even millions in only a matter of days because some whales bet huge amounts even though the probability of winning is low.
Some fail because they dont have good funding, promotions, SEO and most of them are fake gambling sites.
hero member
Activity: 1232
Merit: 858
The chances are low and odds are against unless the new casino aims to be a specific game focused gambling platform. The long term success will happen but there are questions have to be answered by the team before going to accept this decision: Will they be able to advertise among the new casino and gain the trust of players among all the old established brand casinos?

It is very easy to attract attention with good advertising, welcome bonuses and a beautiful and convenient website design. However, it is much more difficult to make sure that those who came to play remain there forever. It is most difficult to acquire regular visitors.

It is not that easy, good advertising such as signature campaign or forum banners does not give any guarantees that people will come to the site. Beginning phase of a business including gambling business is the hard part as it needs so many hard work as well as patience from the owner. I can even say that keeping players to stay is easier than attracting new players to come.

As far as I understand advertising on the forum for most of these casinos is not the only one. They are also advertised in other places in order to reach the target audience as much as possible.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
I don't know any new casino that I could revommend. Haven't tried or heard of any. Although, I'm not actually the type to experimente with casinos too much, if I'm satisfied with games choice, security, customer support and withdrawal policy why changing anything.
I can understand that players want to try something new but just because of that new casinos that are often cover for scam appear all the time.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
I think that there is no real new casino which has become quite famous during this time.In fact I think this will be very difficult because in order to win audience you have to bring a wider variety of games and better promotions which is not easy at all to do.You cannot expect to grab some players from other casinos if you as a new casino don’t offer the above.
sr. member
Activity: 2618
Merit: 439
One of the new Casino that's making a name now just launch this year and hopefully, they can last and be one of the older casinos that we enjoyed playing is, Casineos you can check them out if you haven't tried their platform https://bitcointalksearch.org/topic/casineoscom-blockchain-powered-betting-crypto-casino-and-sportsbook-5222618
Well for me it is roobet,though it runs for almost 2 years now yet they are still New in this field but we can prove how successful this team and company was



https://casinoonline-bet.com/what-is-roobet-history/#:~:text=Roobet%20Casino%20was%20founded%20in,fun%2C%20fair%20and%20safe%20manner.

and with their multiple promos and games now?no wonder they will be the biggest gambling network to come this 2020.
hero member
Activity: 2856
Merit: 667
One of the new Casino that's making a name now just launch this year and hopefully, they can last and be one of the older casinos that we enjoyed playing is, Casineos you can check them out if you haven't tried their platform https://bitcointalksearch.org/topic/casineoscom-blockchain-powered-betting-crypto-casino-and-sportsbook-5222618

I have not use this site yet, thanks for sharing, but can we already consider this site a new and a successful site.
Please let us know if you have been following the site, because AFAIK, there are no new sites that are already successful here in the forum, but of course that depends on how we define the word success, if it's based on popularity then maybe it would not happen easily as it will take time.

One site which I think popular now was sportsbet.io, I have been using this site before until now and they have really improve a lot, and they already gained a lot of loyal gamblers that's why I can say they are successful, but then,  that's just based on my observation only.
copper member
Activity: 658
Merit: 402
Looking at how the competition in online gambling, it will be really hard for new casinos to even reach half of the old and trusted casino's reputation and the number of customers. I think it's just the same with other businesses when you know that the product or service is popular and there is a lot of competition, it's hard to compete with them unless you can offer something they don't have.

Aside from scam casinos, I also think that a lot of new online casinos failed to gain attention is because of the lack of promotion? I mean, since it's a new casino, it's already given that it will be hard fo attract gamblers that is why you should work hard in promoting your casino. Innovate the site and what they offer, or they can do a lot of promos, contests, and such. A great marketing strategy is essential especially in a wide and growing competition of online gambling.
legendary
Activity: 3416
Merit: 1225
One of the new Casino that's making a name now just launch this year and hopefully, they can last and be one of the older casinos that we enjoyed playing is, Casineos you can check them out if you haven't tried their platform https://bitcointalksearch.org/topic/casineoscom-blockchain-powered-betting-crypto-casino-and-sportsbook-5222618
hero member
Activity: 3052
Merit: 685
I think it's hard to determine if a casino is successful or not, we can't determine it by just looking at the number of gamblers patronizing the site or the number of promotions they have, it's only the casinos who can determine themselves whether they are successful or not as they are the only one who knows their financial report.
hero member
Activity: 3080
Merit: 603
How do you define successful casinos? Like they have already doubled or more their capital or what? or just successfully launch a gambling platform.
Probably like a being successful casino that has a lot of users. IMO, that's my definition of success for casino developers. It's the achievement that they are longing for. Having hundreds to thousands of active players in a daily basis can be said as a success for them. But that's not the stop over of a casino for defining success because they are a continuous business and there are more serious things that they have to face as they operate years after years.
full member
Activity: 1540
Merit: 219
The competition is getting harder time to time, this is the reason why new casinos needs to work so hard in order to compete in the gambling industry.
It takes not a short period of time for new casinos to be popular, most all the recent popular casinos came from Zero.
So it is reasonable if we cant find new casinos that got popular in just few months unless the site backed up or created by older popular site (Stake as example)

But it depends on the timeline of their operation and the service that they provide to their customers. It is not that if you are a casino that operates for so long, it will just you become successful and popular immediately. It depends on how you will deal with the taste of your gambler customers to build a good reputation for your casino. New casinos are normally not that popular from the start due to the reputation and loyalty of customers of other gambling casinos.

Any new casinos has the chance obviously but the only thing that can make a new casino survive is a hard work from the owner to promote and to give the best offers for players.
In conclusion, I think it needs more than a year for a new site to be a popular site that can compete with other sites that has great reputation in the market.

All of the new casinos have the potential to grow but it depends on how they will regulate their own platforms. Hardwork, patience, and being transparent to its customer is what the gamblers need in order for them to trust and like your service as a casino.
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