Looking to start an online casino | Bitcointalksearch.org

Lanatsa

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Quote from: Wakate on August 02, 2022, 04:13:37 PM

Quote from: TopTort777 on August 02, 2022, 10:37:44 AM

Why do you think your casino would be successful? There are so many casinos already, creating a new one would be really a challenge. If you plan to after creating an online casino, you would get rich, you are wrong. It will be really difficult to attract new users. Users usually stick to 2-3 casinos and gamble only there. They go to other casinos only when they offer big bonuses or something free. Are you ready to give a lot for free, to sacrifice profit in order to get something in future?

I think this is a matter of choice if he think he can handle the stress and what it takes. I know there are many casinos online but there are also new gamblers joining the gambling world so I think we don't need to border about how many casinos are floading the internet. If he will be able to meetup with what it takes then that's fine. Everything about gambling is competitive and the strongest always take the lead. Just like we have new cars coming into our road Evey year so we need new casinos too.

You cant really make out some comparison or trying to attached it with cars when it comes to new where we dont really need to have lots of casinos on the market.You cant really just
create out a business if you dont really have that passion considering that gambling casino business does spend up much money then you cant really just make out steps in a hurry.
Everything should be on plan and you would need to find a team which would really be a part on building your business and other factors which you would really be needing
to be handled it well and also you should put up into your mind that nothing guarantees about success.

Wakate

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Quote from: TopTort777 on August 02, 2022, 10:37:44 AM

Why do you think your casino would be successful? There are so many casinos already, creating a new one would be really a challenge. If you plan to after creating an online casino, you would get rich, you are wrong. It will be really difficult to attract new users. Users usually stick to 2-3 casinos and gamble only there. They go to other casinos only when they offer big bonuses or something free. Are you ready to give a lot for free, to sacrifice profit in order to get something in future?

I think this is a matter of choice if he think he can handle the stress and what it takes. I know there are many casinos online but there are also new gamblers joining the gambling world so I think we don't need to border about how many casinos are floading the internet. If he will be able to meetup with what it takes then that's fine. Everything about gambling is competitive and the strongest always take the lead. Just like we have new cars coming into our road Evey year so we need new casinos too.

SirLancelot

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Quote from: Strongkored on August 02, 2022, 03:28:18 AM

Quote from: KennyR on August 01, 2022, 07:46:43 PM

The competence level is very big and to stay against them in the market isn't an easy thing. It requires big money. As said promotion is the key factor that can make changes. In the past it is possible to grow a platform from the scratch with small investment and slowly make it progress. Now it have turned to be billionaire's business.

and the intense competition makes to be successful in the gambling industry you must have a lot of money because it will spend quite a large amount of money for promotion and in my opinion this is the part that spends the most capital apart from the others, so in my opinion for now it is difficult or maybe impossible to build a casino from small capital and expect to survive.

What kind of promotion you guys are talking about? The one that exposes the gambling site to other people? Well, that can be done freely because forum's and social media's are also free or you can also promote your own site locally on your own but if you mean promotion in the form of bonuses then you can be honest and say that you can only afford small bonuses as the site is still small.

Bonuses isn't all anyway but at the end of the day, this was still a gambling site where the purpose of the people is to play the games. So, maybe if you can focus more on making it better, that can be your edge to stand out among the others that only lure their players in the form of bonuses.

TopTort777

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Why do you think your casino would be successful? There are so many casinos already, creating a new one would be really a challenge. If you plan to after creating an online casino, you would get rich, you are wrong. It will be really difficult to attract new users. Users usually stick to 2-3 casinos and gamble only there. They go to other casinos only when they offer big bonuses or something free. Are you ready to give a lot for free, to sacrifice profit in order to get something in future?

Eternad

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Quote from: 81coin on August 02, 2022, 09:47:22 AM

There are so many online casinos now that you definitely have to come up with some original idea, storytelling and concept to be unique and different form everyone. Anyway, I wish you good luck! With the skills you have and the right approach, you will definitely make it!

Having a unique games is actually not necessary because players only plays what they used to play. Bonus and VIP system is what makes the casino nowadays successful to get customers. Aside from that, A huge marketing plan is the most import on a casino startup so even if you have all the generic games such as table games, live games, slots and sportsbook while you have a solid marketing plan, You can dominate the online gambling industry by just focusing with that.

blockman

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Quote from: EdenHazard on August 01, 2022, 07:42:49 PM

Quote from: blockman on August 01, 2022, 07:33:59 PM

Promotions are part of any business and that's why it's after the building of the casino. There are too many things that need to consider when someone has thought of making it one of his revenue. The revenue will come likely once you're established but it will take time before you see that happen. And it's not just all about the promotion, we're already there but even if the promotion is good and the service sucks, that's what these aspiring owners have to realize. Because that will shoo away those customers that they've taken from their marketing if the service isn't good.

Yuppp , that's why i said ... all of them must be done in perfect way .

I mean between the services/ products and marketing there must be a syncronizing ... a great marketing + great service would convert you a huge revenue.
A great marketing + bad service would convert you a bad user experience and they mostly will never comeback
A bad marketing + great service convert you a slow growth in revenue despite how great the service is.
Pretty simple but the execution itself pretty tough i must say.

Yes, all of those must come in handy and should be connected to each other so that they're executing it perfectly. Like everything must be balanced because if not.
Then all of those efforts will come to waste if not being connected properly. There should be balance in all things when it's about the operation and creation thus, the owner should anticipate the unexpected.

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Quote from: karabiber on August 02, 2022, 04:18:42 AM

I don't know about coding, so i can't give an opinion on this. But if you increase the variety of payment systems, the more payment and deposit systems the more users will be. Deposits and withdrawals created in a simple way are important for the accessibility of the site. You should not depend on one payment system. You should pay attention to the many types of gambling. Here are some small recommendations from my point of view.

If the gambling casino focuses only on their payment method or the transactions I guess it is well good at the same time because this is the most important feature of the gambling casino the players make a deposit and withdrawal of their funds but after they built this already they must need to make a start regarding with their gambling advertisements such as promoting into different social media platforms, partnerships, and etc. to gain more viewers and players. The casino will work for those who have a lot of players. Also you recommend already the payment process it is good to if the players have the option of the transaction fees how it is fast to transact.

81coin

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There are so many online casinos now that you definitely have to come up with some original idea, storytelling and concept to be unique and different form everyone. Anyway, I wish you good luck! With the skills you have and the right approach, you will definitely make it!

passwordnow

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Quote from: karabiber on August 02, 2022, 04:18:42 AM

I don't know about coding, so i can't give an opinion on this. But if you increase the variety of payment systems, the more payment and deposit systems the more users will be. Deposits and withdrawals created in a simple way are important for the accessibility of the site. You should not depend on one payment system. You should pay attention to the many types of gambling. Here are some small recommendations from my point of view.

If it's about the payment or accepted cryptocurrencies. We all think that the more, the better but I guess there are also some disadvantages to it.
It's okay to support a lot of them but not up to the point that you're going to have as much as you can. It's not just so good to look at them if there are tons of them and many of those accepted cryptos are not in demand and not being used by most users. So, in the end, the casino will have to remove or delist it from them.

karabiber

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I don't know about coding, so i can't give an opinion on this. But if you increase the variety of payment systems, the more payment and deposit systems the more users will be. Deposits and withdrawals created in a simple way are important for the accessibility of the site. You should not depend on one payment system. You should pay attention to the many types of gambling. Here are some small recommendations from my point of view.

Strongkored

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Quote from: KennyR on August 01, 2022, 07:46:43 PM

The competence level is very big and to stay against them in the market isn't an easy thing. It requires big money. As said promotion is the key factor that can make changes. In the past it is possible to grow a platform from the scratch with small investment and slowly make it progress. Now it have turned to be billionaire's business.

and the intense competition makes to be successful in the gambling industry you must have a lot of money because it will spend quite a large amount of money for promotion and in my opinion this is the part that spends the most capital apart from the others, so in my opinion for now it is difficult or maybe impossible to build a casino from small capital and expect to survive.

rodskee

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Quote from: ethereumhunter on July 31, 2022, 04:52:44 AM

Quote from: rodskee on July 31, 2022, 01:41:45 AM

Quote from: AmoreJaz on July 30, 2022, 07:19:10 PM

Quote from: molsewid on July 30, 2022, 06:39:42 PM

Quote from: coupable on July 30, 2022, 05:28:10 PM

After achieving all this, the biggest problem remains in obtaining the necessary licenses.
Of course, it is possible to launch the casino without licenses, and some countries enable their citizens to launch these services, but then it will be difficult to obtain the trust of users easily. Some trusted members of the forum can do this and then their reputation and history of trust will be the guarantor of the casino's integrity. As for unknown investors, they will need to obtain these licenses.

Yes, getting license it such a pain. For example an online gambling website in my country needs to be verified and legal, because as soon as your website gets users and become well known government will see this, also our banks doesn't accept money came from gambling even legally or not, basically you need the trust of the government and the people, it is very hard to create gambling website in our country, I hope that ts has a good country that will not prevent him or will give him a hard time licensing it.

running and operating a casino or gambling site is no easy feat. this is not for all. aside from all those backbreaking requirements, you should be prepared with enough bankroll to get going. i hope people are thinking hard before jumping on this business. it is no easy peasy to maintain this business also. this is why if you are just half-hearted on this, better not involve yourself on this endeavour.

this a business for Gambling expert and also a literal gambler that has Good amount of capital because we know how long this would take before players do visit and deposit in your site .
trust is what you need to established and gain respect and players.

so with those I think this business is limited to those who has that attitude,.behavior and capacity .

You are right. If the casino can gain the players' trust, they will benefit from its business, where the players will find comfort in playing gambling at the casino. This can't be found in other casinos even though they both build a casino but if one casino can't provide good service, that casino won't be able to develop better. Maybe getting a license is one way to gain the players' trust, but still, better service can give more trust from the players.

we have witnessed several times that Licensed casino still make scams in this business and also those plenty of fake licenses being presented just to fool players , meaning this is not the point to believe in certain casinos.

Quote

That's why the gambling business attracts many investors to try it but not many business owners can run their gambling business well. In addition to requiring larger capital, it will also have other things to prepare.

also correct , we have also noticed that only few from hundred casinos made its way up and we cannot assure perfect result as long as they are not pleasing the gamblers in any way.

KennyR

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Quote from: noormcs5 on August 01, 2022, 06:26:40 PM

People just see that online casino are easy to open as they only have to buy a domain, deploy a script to the site or hire a developer who will build a gambling site. They forget that the real challenge begins when they have to promote their site and the money involved in this marketing promotion.
No gambling site can run without promotions because of the high competition between the online gambling sites.

Just on an overview about house making an edge, they simply think of running a gambling platform. By the time it is more important that the industry is no more the same as the past. The competence level is very big and to stay against them in the market isn't an easy thing. It requires big money. As said promotion is the key factor that can make changes. In the past it is possible to grow a platform from the scratch with small investment and slowly make it progress. Now it have turned to be billionaire's business.

EdenHazard

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Quote from: blockman on August 01, 2022, 07:33:59 PM

Quote from: EdenHazard on August 01, 2022, 07:11:10 PM

Quote from: blockman on August 01, 2022, 05:11:20 PM

It's a serious business and by just hiring freelancers, it's like a quick and finis task without having the connection from those developers. You may hire them again in the future if there's something wrong with their work mostly for the codes.
Better to hire organizations that would help you build out the entire business and can maintain it for the sake of your customers, that's what it should be because security and maintaining it on its form is a must.

Aaaand on top of that ... you need a great matketing strategy , otherwise any great great services or products will never get any user and gonna be an abandoned project , remember just remember ... the goal is to make money and without having those marketing strategy , your project / casino will become nothing.

Get your code up , build an extraordinary addicting game and do the continuous promotion , all of these must be done in perfect way, all of them.

Promotions are part of any business and that's why it's after the building of the casino. There are too many things that need to consider when someone has thought of making it one of his revenue. The revenue will come likely once you're established but it will take time before you see that happen. And it's not just all about the promotion, we're already there but even if the promotion is good and the service sucks, that's what these aspiring owners have to realize. Because that will shoo away those customers that they've taken from their marketing if the service isn't good.

Yuppp , that's why i said ... all of them must be done in perfect way .

I mean between the services/ products and marketing there must be a syncronizing ... a great marketing + great service would convert you a huge revenue.
A great marketing + bad service would convert you a bad user experience and they mostly will never comeback
A bad marketing + great service convert you a slow growth in revenue despite how great the service is.
Pretty simple but the execution itself pretty tough i must say.

blockman

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Quote from: EdenHazard on August 01, 2022, 07:11:10 PM

Quote from: blockman on August 01, 2022, 05:11:20 PM

It's a serious business and by just hiring freelancers, it's like a quick and finis task without having the connection from those developers. You may hire them again in the future if there's something wrong with their work mostly for the codes.
Better to hire organizations that would help you build out the entire business and can maintain it for the sake of your customers, that's what it should be because security and maintaining it on its form is a must.

Aaaand on top of that ... you need a great matketing strategy , otherwise any great great services or products will never get any user and gonna be an abandoned project , remember just remember ... the goal is to make money and without having those marketing strategy , your project / casino will become nothing.

Get your code up , build an extraordinary addicting game and do the continuous promotion , all of these must be done in perfect way, all of them.

Promotions are part of any business and that's why it's after the building of the casino. There are too many things that need to consider when someone has thought of making it one of his revenue. The revenue will come likely once you're established but it will take time before you see that happen. And it's not just all about the promotion, we're already there but even if the promotion is good and the service sucks, that's what these aspiring owners have to realize. Because that will shoo away those customers that they've taken from their marketing if the service isn't good.

EdenHazard

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Quote from: blockman on August 01, 2022, 05:11:20 PM

Quote from: bitgov on August 01, 2022, 02:03:12 PM

You can find some freelancers if you don't want to hire a big staff and dont have much space for it.
There are coworking spaces as well - where you work and get benefited without creating your new office.

It's a serious business and by just hiring freelancers, it's like a quick and finis task without having the connection from those developers. You may hire them again in the future if there's something wrong with their work mostly for the codes.
Better to hire organizations that would help you build out the entire business and can maintain it for the sake of your customers, that's what it should be because security and maintaining it on its form is a must.

Aaaand on top of that ... you need a great matketing strategy , otherwise any great great services or products will never get any user and gonna be an abandoned project , remember just remember ... the goal is to make money and without having those marketing strategy , your project / casino will become nothing.

Get your code up , build an extraordinary addicting game and do the continuous promotion , all of these must be done in perfect way, all of them.

blockman

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Quote from: AmoreJaz on August 01, 2022, 05:52:22 PM

Quote from: blockman on August 01, 2022, 05:43:09 PM

You said it right, they're good for that purpose like for marketing and customer support. But entrusting them with the whole coding thing, you have to know them very well and you have to be fully committed so that you're going to have no problems with them deploying the entire project and codes.
Because you don't want to have issues when you have some lack of payment to them and their demand or else, they'll make things complicated for you and can even put some ticking bomb on your business if you neglect maybe in payment or anything that they demand as a worker. They're not even bind if you don't give them a contract.

this is why if you are serious in setting-up this business, you will hire dedicated staffs that can fully devote themselves in the continuous development of the platform. hard to trust the site with freelancers. i do agree that when it comes to marketing or customer support, that's fine. but when it comes to site itself, you should have a very good relationship with them. otherwise, they can truly ruin your business in one snap.

Yes, it's all about the long-term plans that you have and not just all about building them. So what's next after building it? Do you think that you're okay with that already? Not yet, there's a long process and you also need to build your reputation and there goes the other staff that should help you on your way by doing it. Aside from that, at the first months of operations, you really have to spend a lot of money for those purposes if you want to get into the real serious business of owning a casino.

noormcs5

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Quote from: Cookdata on July 31, 2022, 06:30:16 AM

Quote from: xSkylarx on July 29, 2022, 11:44:17 PM

Quote from: pablocokeninja on July 21, 2022, 11:47:37 PM

I have a background in coding, and I know the in and outs of integrating crypto, yet i have zero game development skills, and i have no idea how much it will cost, and will it even get users.

Online casino is indeed a good business but it's not that easy to build it even if you are knowledgeable in coding. Even if you manage to create the website alone and get it a license, you will need other staffs that will help you to manage the platform. You will need to think of marketing strategies on how to attract users on your website. You will also need a customer support that will cater to the issues that your users will experience.

Above all, initial capital is the most important. No casino can run efficiently without the flow of funds at the beginning, they must pay their employees, support promotions and marketing, and pay out player winnings. If this is not addressed appropriately, the casino may go bankrupt within its first month.

Simply looking at the launch of a casino will show you that a welcome bonus of 200% is being used to lure new players, the smart players know how to use this effectively and always win at all costs. Now, tell me how the will casino survives with excess bonuses and wins of players, that's the period they begin to play fowl games and begin their bad reputation, most often than not, such casinos usually fold up.

People just see that online casino are easy to open as they only have to buy a domain, deploy a script to the site or hire a developer who will build a gambling site. They forget that the real challenge begins when they have to promote their site and the money involved in this marketing promotion.
No gambling site can run without promotions because of the high competition between the online gambling sites.

BitcoinPanther

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Quote from: AmoreJaz on August 01, 2022, 05:52:22 PM

this is why if you are serious in setting-up this business, you will hire dedicated staffs that can fully devote themselves in the continuous development of the platform.

Not only dedicated but the right people for the job. Devoted people plus skills matching their job produce great works.

Quote from: AmoreJaz on August 01, 2022, 05:52:22 PM

hard to trust the site with freelancers. i do agree that when it comes to marketing or customer support, that's fine. but when it comes to site itself, you should have a very good relationship with them. otherwise, they can truly ruin your business in one snap.

I don't mind hiring freelancers for the job as long as they are professionals and have the right skill for the job. I think the insurance that freelancers won't do the nasty thing is an agreement or contract that will bind them. If ever the freelance had done something wrong, you can always file a lawsuit against them due to breach of contract.

AmoreJaz

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Quote from: blockman on August 01, 2022, 05:43:09 PM

Quote from: PX-Z on August 01, 2022, 05:32:06 PM

Quote from: blockman on August 01, 2022, 05:11:20 PM

Quote from: bitgov on August 01, 2022, 02:03:12 PM

You can find some freelancers if you don't want to hire a big staff and dont have much space for it.
There are coworking spaces as well - where you work and get benefited without creating your new office.

It's a serious business and by just hiring freelancers, it's like a quick and finis task without having the connection from those developers. You may hire them again in the future if there's something wrong with their work mostly for the codes.
Better to hire organizations that would help you build out the entire business and can maintain it for the sake of your customers, that's what it should be because security and maintaining it on its form is a must.

Freelancers might be helpful for after sales stage – the marketing side not the development stage.
Hiring freelancers without fully audit the gaming software or even so will be a pain in the ass in the future use.
Hiring software providers or fulltime developer is a must for casinos, although OP knows how to code but it will take ages before he can finish it or fix it, so.

You said it right, they're good for that purpose like for marketing and customer support. But entrusting them with the whole coding thing, you have to know them very well and you have to be fully committed so that you're going to have no problems with them deploying the entire project and codes.
Because you don't want to have issues when you have some lack of payment to them and their demand or else, they'll make things complicated for you and can even put some ticking bomb on your business if you neglect maybe in payment or anything that they demand as a worker. They're not even bind if you don't give them a contract.

this is why if you are serious in setting-up this business, you will hire dedicated staffs that can fully devote themselves in the continuous development of the platform. hard to trust the site with freelancers. i do agree that when it comes to marketing or customer support, that's fine. but when it comes to site itself, you should have a very good relationship with them. otherwise, they can truly ruin your business in one snap.

Topic: Looking to start an online casino (Read 977 times)