Are there any successful and relatively new casinos? - page 9.

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Quote from: FontSeli on July 05, 2020, 11:31:28 AM

Quote from: Debonaire217 on July 05, 2020, 12:18:30 AM

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

LbtalkL

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How do you define successful casinos? Like they have already doubled or more their capital or what? or just successfully launch a gambling platform. For me, we cannot really tell if the casinos are successful already when it is new, on early-stage promotion and marketing takes place it does not mean that they can afford to fund a big promotion means that they are successful already it is their strategy to attract users. I guess we can tell if the gambling site is successful if it is running for several years and continuing to provide better service and acquire huge daily users/players.

Finestream

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It's just like the actual scenario of the business world, some are bound to succeed while some are bound to fail.
Stake.com, primedice and other popular casinos definitely has a big market, and they are so profitable, but the definition of success is very simple, they don't need to be as big as the casino's I've mentioned above, but as long as they are operating profitably.

Some will just come and go because they are likely low budget casino or not really ready for the competition, or probably created just to scam people.
Actually there's still a lot of casinos out there that are not advertising anymore in the forum, yet they are still successful.

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Quote from: FontSeli on July 05, 2020, 06:50:24 PM

Quote from: seleme on July 05, 2020, 06:10:33 PM

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.

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Quote from: BuNga_cute on July 05, 2020, 07:23:12 PM

I agree that the risk of opening a casinos has a high risk, because it is very difficult to compete with old casinos that are more solid and reliable.
So not a few new casinos that finally closed, but did not reduce the interest of people to continue to try to open new casinos. If based my observation,
because the online casinos industry is very much in demand. It becomes profitable for some people, especially in conditions as it is now related to
COVID19, many people choose to be at home. So the demand for online casinos is increasing.

What is there is a vaccine and this pandemic suddenly put to a stop. Will there still be demand for online casinos specially for those who just open up to take advantage of the situation. If I'm a casino operator, I would look behind this Covid-19 situation and will try to strive to compete against name casinos already so that my business will grow. Improved and listen to your customers to become more profitable. I would say that there could still be new casinos that survived and still attracting new gamblers like everyday.

shoreno

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they take risk because its a business . i think no business is risk free . gambling is a good business so this gives an ilussion for business minded people to think that they can earn big on it and that is true as long as those business type of people will do thier best . those who have failed lack something that people are looking for . stake dot com is not new and as far as i know the site was built on the year 2017 . there are new casinos that got popular , take roobet , windice , bustadice , wolfbet and many more as example .

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Quote from: BuNga_cute on July 05, 2020, 07:23:12 PM

I agree that the risk of opening a casinos has a high risk, because it is very difficult to compete with old casinos that are more solid and reliable.
So not a few new casinos that finally closed, but did not reduce the interest of people to continue to try to open new casinos. If based my observation,
because the online casinos industry is very much in demand. It becomes profitable for some people, especially in conditions as it is now related to
COVID19, many people choose to be at home. So the demand for online casinos is increasing.

If the new casino can't survive in any situation, then there is something wrong with them, which they don't realize. Perhaps, they need to analyze the mistake of why they can't survive because if one or more things can't work well, that can impact the casino itself. The owner needs to evaluate how good their casino works every month, so they will have a report in which they can evaluate what matters that will need to improve. If they can give the best thing for their members and maintain their website to work well, I am sure the casino will stay longer, and the casino will have more gamblers who will come to their place and become their members. Currently, the online gambling industry will be a more profitable business because people stay at home, and some of them still want to play gambling from home.

BuNga_cute

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I agree that the risk of opening a casinos has a high risk, because it is very difficult to compete with old casinos that are more solid and reliable.
So not a few new casinos that finally closed, but did not reduce the interest of people to continue to try to open new casinos. If based my observation,
because the online casinos industry is very much in demand. It becomes profitable for some people, especially in conditions as it is now related to
COVID19, many people choose to be at home. So the demand for online casinos is increasing.

FontSeli

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Quote from: seleme on July 05, 2020, 06:10:33 PM

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.

target

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Quote from: seleme on July 05, 2020, 06:10:33 PM

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?

Casinos come and go. The only hard to beat are the established ones. Lesser chance to survive the competition when there are fewer people to the community they've built.

The newer casinos have to give out as much as possible to be noticed. There is pressure to do a signature campaign for its normally what's done to get some trust and vouch from users. It's a struggle, other casinos really build a forum for their own just to keep their clients so they won't stray to some new ones.

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Quote from: wozzek23 on July 05, 2020, 03:39:34 PM

There are casinos that survive for example wolf.bet who are doing nothing extraordinary or any out of the world experience but what they have done is, they have ensured consistency because myself as a gambler it feels very risky to deposit in a new casino and only way crypto casinos can make their stand is by being consistent.

Even a small problem with a casino means they loose the gambler forever and I don't want to be rude but that is one reason why cloudbet is less popular than sportsbet.io because with cloudbet they came earlier i think in the market but they always had some issues with their gamblers while sportsbet.io remained consistent and personally I never had any issues with them in fact their support system is pretty good and only better support in my mind is stake's support.

So, little things and consistency makes up for the large stand for a new casino.

Consistency on giving out the best service as they can and you are right that even simple problems on where players can experience on will surely count as loss number because they wouldnt turn their back and would find another place to play on which wont give out similar experience on the site they had problems on.Also, aside from consistency they should at least consider on giving out relevant updates or addups and i have seen several gambling sites which do able to give out that matter.Even little by little they are making their site even more better.I agree on what others said that competition in gambling industry is very high thats why as a businessowner
you should consider all positive aspects that will really help you out to sustain.

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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?

FontSeli

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Quote from: ReiMomo on July 05, 2020, 12:14:43 PM

Quote from: Tipstar on July 05, 2020, 11:59:40 AM

~snip~
Hence to get some attention, newer casinos should bring something new and unique to get attention of the users.

I have here in the forum for how many years this is what I have been witnesses in some newer casino. They put a lot of effort to do their marketing strategies, having giveaways, bonuses, and promotions as well just to have build trust in the community. These are the way to have a unique style to get the gambler's attention.

There's nothing wrong with the new, new gambling site is very exciting to explore new features that you never encounter. I think if you don't trust because this is newly launched, why not just try a small amount and experience to gamble a new one, I guess you will also rewarding if you will find a bug on a new gambling site.

I think there would be at least a lot of information about an online casino that would deliver beer to their regular players at home. Cool

Of course, in compliance with local legislation. This would be a great marketing move and they would be featured in many news stories.

wozzek23

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There are casinos that survive for example wolf.bet who are doing nothing extraordinary or any out of the world experience but what they have done is, they have ensured consistency because myself as a gambler it feels very risky to deposit in a new casino and only way crypto casinos can make their stand is by being consistent.

Even a small problem with a casino means they loose the gambler forever and I don't want to be rude but that is one reason why cloudbet is less popular than sportsbet.io because with cloudbet they came earlier i think in the market but they always had some issues with their gamblers while sportsbet.io remained consistent and personally I never had any issues with them in fact their support system is pretty good and only better support in my mind is stake's support.

So, little things and consistency makes up for the large stand for a new casino.

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Quote from: kryptqnick on July 04, 2020, 12:41:35 PM

I've been on this forum long enough to see perhaps hundreds of casinos come and go. They keep appearing and dying shortly afterward all the time, and I wonder why people still take such a high risk of opening a casino when there is a close to 100% chance your casino will fail

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

Quote from: kryptqnick on July 04, 2020, 12:41:35 PM

This got me thinking about popular casinos. Of course, we all know the names. But they are usually years old, not anything from 2019-2020. The one exception is Stake.com, but I wouldn't count it as an example of a new casino appearing out of nowhere and attracting gamblers because it did not come out of nowhere (it's owned by Primedice). Is it just me or are there virtually no recent casinos that got popular? Or can you name some examples? And in general, do you think new casinos appearing in 2020 stand a chance against those with solid reputation and long time on the market?

Let me guess, many have already mentioned wolf.bet

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Quote from: Tipstar on July 05, 2020, 11:59:40 AM

~snip~
Hence to get some attention, newer casinos should bring something new and unique to get attention of the users.

I have here in the forum for how many years this is what I have been witnesses in some newer casino. They put a lot of effort to do their marketing strategies, having giveaways, bonuses, and promotions as well just to have build trust in the community. These are the way to have a unique style to get the gambler's attention.

There's nothing wrong with the new, new gambling site is very exciting to explore new features that you never encounter. I think if you don't trust because this is newly launched, why not just try a small amount and experience to gamble a new one, I guess you will also rewarding if you will find a bug on a new gambling site.

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Quote from: FontSeli on July 05, 2020, 11:31:28 AM

Quote from: Debonaire217 on July 05, 2020, 12:18:30 AM

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.

It's really difficult for new casinos to get interest from gamblers as the business is nearly saturated. There are trusted sites that are running with trust for years and covering almost all of the gambling genre. No one would try to risk trying some new sites which offers the same thing as old.
Hence to get some attention, newer casinos should bring something new and unique to get attention of the users.

FontSeli

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Quote from: Debonaire217 on July 05, 2020, 12:18:30 AM

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.

onrise

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Quote from: rhomelmabini on July 04, 2020, 08:35:15 PM

It's a matter of marketing and promotion aspect to say the least because it will really drive out traffic to gain them tractions. It's not impossible they'll stand a chance with other reputed casinos as I said it's a matter of marketing (advertising) and other factors such as customer service, legalities, referral bonuses and much more though it will be tough considering the competition.

Marketing is the key because for someone one to be aware about it and know something exists they should be visible and signature campaign solves that issues. It draws the attention of all the people and out that even if they can see some new users and who turn out to be a royal customers for long term it is all worth it and they could make off money as well in the long run.

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Quote from: GreatArkansas on July 04, 2020, 08:45:45 PM

For you, what does it mean if a casino is failed? Like they will close their service and decided not to operate anymore?
Because it's kinda difficult to say that the casino already fails.
Or if there is already no players on their casino? Or no more people deposit funds on their site?
For me, it is the meaning of fail casino for me, and they will slowly vanish or they will stop their operation because they can't pay anymore some of the cost for their operation.

I think he meant that if you check the market there are so many casinos and sportsbook but only a couple of them are prominent and the rest will slowly die of their own or forced to scam to even survived in a saturated market.

Personally I think that any casino that ends up having loss makes a big mistake with their calculation of COCA which I read as cost of customer acquisition because what happens is, to force their entry in the saturated market they run a lot of offers and welcome bonus which actually work against them.

Let us suppose you are paying approximate 0.005 BTC per gambler you get on average and while the average revenue per gambler comes out to be 0.0025 then it is actually a mistake in COCA calculation and that is where they are miscounting.

I do not see any reason why a casino would fail if they make their calculations right.

Topic: Are there any successful and relatively new casinos? - page 9. (Read 1559 times)