Topic: NakamotoRoulette.com - Selling to highest bidder! (Read 268 times)

It is almost the same thing as OP giving up this casino and the casino not making much return on investment.  I believe marketing was the issue of this casino which OP never looked into. I have noticed that most of the big names here all did promotion and marketing which gave them publicity they enjoying today and some are still at running the campaign without looking at the fact that they already made big name for themselves.

OP there is nothing wrong with your casino but how you showcase it to the world matters. If it may please you to know, there are more gamblers here than you could imagine and in that case, there is every tendency that casinos that does promotion are likely noticed and engaged with. That is the power of advertising. So you are not left out. Do the needful OP.

Yes, that's better because when you have succeeded in having more trust from gamblers, you can easily have investors who are generous in spending their money to invest.
It does take longer but can definitely help you in development and can easily compete with other sites.

This cannot be said to be successful and of course success is not only limited to having bonuses or a few games, but also having royal customers and quite high trust from gamblers.

Marketing is one of the important factors for the running of gambling sites, so OP must really think about good promotion methods so that they have a solid and large community.

To be honest, I thought that this project has become successful, I try your website in the beginning because you offer some free money. And in the last 2 weeks, if I'm itching to play roulette I just go to your website and watch the live roulette and play with the free money.

But unfortunately, I would agree that you lack marketing here in the community that's why it didn't have the support and so you decided it to sell. All I can say is that best of luck to you and hopefully someone is willing to pay that huge money for your website. I wonder you what's your agreement with the live betting with casinos? Not sure what casino it is though, maybe you can make a sales pitch to them?

This is simply a difference of opinion and experience - I wrote the first live online casino software in the 1990s, our benefactor (investor) paid over 6million dollars before the company was profitable somewhere in the mid 2000's -- sure, there was a lot of waste and I wasn't in charge of things, but it is what it is - of course things have changed and you don't need to rewrite the entire streaming pipeline to make it possible today, but there is still a significant investment of time (and money) to get a software package of this kind ready for market.

Since then I worked with other companies, a number of them, which all rewrote their own streaming casino software, all of which cost them in the hundreds of thousands to develop prior to launching any sites or platform.

So no, in my opinion to have the benefit of all that experience but also the full source code of a system that would cost many times that to develop, 30k is not very much - again, in my personal opinion and experience.

Of course my opinions and experience must meet REALITY somewhere, and since nobody is buying it and nobody so far was interested, perhaps my experience has led me to make assumptions that are not (at least currently anymore) true.

If that be the case, then it is what it is, and I proceed as originally planned which will be a slow crawl to marketing. I will see how that goes.

30K USD is a large enough amount to make everyone hesitate to invest their money, unless you can prove that the site is really worth it and very profitable.
If there is someone who wants to invest their money do you also guarantee the success of the website that you offer.
Let's think clearly and look for sources of profit cleanly without arousing suspicion or doubt from everyone.

My advice is better for you to be able to run a website well so that you have enough royal customers so indirectly there will be many people interested in investing their money.

Okay, good questions, please allow me to unpack them individually;

Why 30k;
1. The price is ~30k because we include full source code to a completely UNIQUE platform that literally nobody else has. Yes, there are other peoples versions of such systems, but this is ours, written BY us and used BY us - it is unique and is the pinnacle of years in this ultra specific niche. In this regard there comes the inherited opportunity to re-brand and on sell many times - by whitelabeling a software platform of their own they would now own, they can resell many such sites if they wanted.

Market is risky;
2. Yes, we agree it takes many thousands to invest into marketing with an unknown and sometimes a slow return on investment (and sometimes none!) when launching a new brand. It is difficult and fraught with issues, the risks are high but so are the rewards - this is the casino business... those two things go hand in hand. Most 'whitelabel' providers of live roulette software (bear in mind ZERO source code of game client, server or otherwise included) are typically in the 25k+ minimum range, with strict monthly contracts in the thousands before making the first dollar.

Why not roll your own;
3. Building the Casino platform is fairly typical you are correct, but building the game provision (game servers and game clients) of their own live streaming game from real casinos is not typical, and not easy and not fast or cheap. It happens yes but usually under the wallet of wealthy investors and bigger company plans, not as operators (such as this) but as 'providers' (which the buyer can easily become, since they get full source).

Why did we 'give up easily';
4. In the event of a sale, we would be giving away THIS platform (and source) and ready to move on to our NEXT platform with some marketing budget, moving us closer to an all-round success. We do not have a large bankroll and what there is must remain in the 'cashier' for players. We do not have the needed or estimated 5k-to-50k per month it would need in a marketing spend to really get it off the ground. Maybe someone else does so we make a good offer for them.

One of our goals is the development of the games and wish to provide these, eventually, to many sites - in that regard if we sell a few sites 'cheaply' early before marketing spend (so the WIN goes to the buyer if they market it) we gain a kitty we can launch our next site with a proper 6month marketing budget and reach a successful market position without inviting 3rd party external investors.

Why no investors ?
For the very same reason we are here today - because they can 'walk away' leaving a project incomplete and plans unexecuted, which is what occured here. We HAD an investor for the bankroll and marketing, we were ready to launch - however once we opened they walked away and we are left high and dry, with no real way to approach the market successfully as quite literally ALL marketing costs money.


Don't get me wrong, I very much agree with what you've stated - and as having worked in this industry (and been a part of many successes in the past) I know what it takes better than most and marketing is right up there at the #1 position. If you care for an anecdote I have always termed this issue "farting elephants". What I mean by that is it really does NOT matter what the product is, it could literally be farting elephants (look out there at what actually makes money) - what makes a success is what is marketed right, not what is the best product. So endlessly perfecting 'the best product' is not the path to success, but any path to the fastest or best marketing is. Farting Elephants.


This is a really good and important conversation to have - not just for a buyer but for anyone in the industry - and they are great points you have raised.

What justifies the price of 30K USD for a brand new casino with almost no traffic and active players?
Someone has to pay you 30K USD for the casino and invest thousands of dollars for marketing afterwards, only to get a few hundred active players. It might take several years to such casino to return the investment and earn a profit(and nothing is guaranteed).  
What's the point for someone to spend 30K USD for your website, instead of building his own casino website from scratch?
Running a business requires consistency and perseverance. The gambling business is just like any other business. The competition is brutal.
It seems to me that you have given up too quickly, or you are trying to make some quick money.

thanks we will do that, cheers.

^ I think you can also post it here on this board about your project, https://bitcointalk.org/index.php?board=12.0.
Well, good luck with your project and it seems you are in the right decision of not selling it but instead developing it on your own, even though the marketing is slow but at least there is development of your project.

It seems you really did not take your time to read through to get a proper knowledge and Understanding of the scene and how it is happening. You just jumped to conclusions at ease. I never mentioned it was sold neither did I mentioned that anybody bought the casino i was only making emphasis on the fact that they got bankrolled to continue with the roullet. I wonder how you understood it  to have made such comment.

No - it was not sold - there is no new owner. If it sells we would of course inform this thread and edit the main post with that information.

Our plan now is to continue with a slow marketing strategy, unless an investor comes on board to speed thing sup, and build it up slowly.

So, that means it is already handed out to its new owner? That's cool but they should change the title of this thread now or better create a brand new announcement thread and state all the new things that have changed. Advertisement is important and might be needed again to let others know that they are back again on track.

It can be expensive but it is worth it as long as we are confident that the service that we can deliver to the public is superb. Issues on the other hand might occur again sooner or later but that was fine as there is no perfect casino without flaws and if we can see, almost all casinos do always run a maintenance from time to time.

It is nice hearing that the roulette casino is being bankrolled and fully operational but you can as well map out a little budget for advertisement purpose so that you do not have issues in the future just as it happened that you were about putting it up for auctioning. Advertisement plays a big role in publicity and awareness. If a project sees importance in advert and promoting their product, then they should also consider doing advertisement to reach out to a wider community. I believe advertisement is just the issue roulette is facing currently so it would be in the best interest of the casino to tow that path of promoting their product here for a bigger  and wider audience to key into.

I do not think that there can be a big popularity in live roulette. I don't trust these games for a long time. All the big wins I received in slots

In the grand scheme of things this is the best thing that they can do. Some projects aren't even as lucky as them as to be able to sell their source code. As for the setup once the ownership was transferred to the buyer, I think they won't be the one to provide live feed for roulette anymore? Since it doesn't make sense that they'd still be the people who'd provide live feed with the delays in transmission and all that once the transfer process pushes through. But what do I know lol I'm not the one operating the roulette anyway.

That's good advice right there, maybe even urge some angel investors out there to help them out and fund the project for them beyond just the marketing budget that's needed you know. Best if NakamotoRoulette could advertise themselves on other channels beyond bitcointalk to reach more people, I hear Twitter's pretty good with connecting projects with investors.

You are right that is exactly what we are hoping - we will stick with it and gain a marketing budget eventually - in the meantime the site is bankrolled and operational and has no issues whatsoever, and we have new games coming onboard soon.

We have one developer here with issues with his template and yet he is thinking of marketing his platform already, if the issue is marketing although marketing is important and the platform is ready and functional all you need is an initial budget then run the project and launch marketing later.

The most important here is your presence and trustworthiness as a developer of the casino, many casinos started here with no marketing they just launched, show dedication, and after a few months when the platform is already profitable, they launch marketing.

Yes of course, I agree - we did have a marketing plan and marketing budget, but as explained above our partner who was funding that part of the business walked away prior to launch leaving the site without a startup marketing budget. It takes a significant financial investment to initiate the marketing, I am not talking about 1 or 2 banner ads or maybe a cheap email spam campaign

Anyway, I appreciate your input and agree with you.

From your own side since the casino is on auction,it means that if there is a buyer you guys have stopped service because the new owner take total control of the casino.

It is when you guys didn't we a buyer as you stated that is when you guys are still on service. Marketing was the problem that your casino had,because the casino doesn't have adverts and it will be rare for you to have potential users. This is why when you are setting up a new business,you should consider have a marketing strategy to sell your products or services out to the people.

It is sad to see this roulette being put up for sale. Sometimes it really could suck this way to find a lasting solution to pending issues at hand and you could not hold it back but put it up for sale. I was wondering what really happened if you could not do a good advertisement calling for investors to partner with the roulette and possibly you could get one rather than putting it up for sales because merely putting it up for sales, you have already made the community having some thoughts about it and maybe that might not be the real deal as they have such thoughts running on their mind.

A marketing campaign as you have mentioned would likely be the answer to your predicament currently and I believe that would ease some headaches and possibly attract much traffic to your roulette casino.