Why do new online casinos struggle? - page 6.

BobK71

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Quote from: Cling18 on April 05, 2023, 04:32:38 PM

Quote from: aioc on April 05, 2023, 04:22:18 PM

Quote from: Crypt0Gore on April 05, 2023, 03:00:48 AM

Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Marketing will make a huge impact on the presence of new online casinos but reputation is everything I have seen in new casinos going massive marketing including launching a signature campaign but stopping it because they lose their steam because of lack of good features and losing their reputation because of the many complaints, features, and reputations are everything if they are going to go all out in their marketing be sure they have what the gamblers are looking for.

Quote

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

The online casino business is very competitive, newly launched casinos should have something better to offer than well-established casinos, and they should be active in their announcement thread, addressing concerns and addressing issues.

Reputation has a huge point and it is the main thing that most gamblers are looking for. If a casino has a good reputation, it can provide good services and promising performance. People now prefer top casinos because of their feedback and reviews so it is very challenging for new casinos to attract players no matter how hard they try to apply an effective marketing strategy.

To establish new casinos they have to spend a lot of money which is often not possible with some new casinos. When an organization provides enough facilities to the users and conducts all the activities according to their needs, then that new gambling site will create stirring among all at a stage when its reputation spreads, the gambler's attraction towards it increases. Achieving this reputation is not possible in a short period of time. From the beginning, various types of campaigns have to be done over a long period of time. Various complications arise when a new site is not able to operate successfully until the moment it is established.

Solosanz

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Because new casino can't compete against big and popular casino, if they're not offering something new and convince the new gambler, how can they make old gambler shift from old casino to gamble on new casino?

Casino is a business, so they need to deal if they're not making money in the first few years, it's normal and they need to keep developing their casino.

Be friendly with the gambler and offer an interesting promotion, it will attract new gambler.

pakhitheboss

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A new casino will always fail if the owners are looking for profits from day one. As casino scams are quite common in the online era not everyone will believe in a new casino. The need to first build trust and work on marketing. These things take time and also need good investments. This is why the casino business is not that easy. I guess this might be the reason why most online casinos cease to exist after a year or two.

btc78

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there is nothing to choose if I were to decide because in the end? it is their service and operation that will let people stays in their site because there are other casino that do a serious and big advertising but in longer time ending up becoming scammer for what their reason is ? still they did what happened.
and those who has slow moving project mostly has no total capital so they have to do such and that will also show what is their capacity is.
so struggling is normal in business mate so let them do what is necessary and maybe the players will decide about their faith.

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Quote from: Crypt0Gore on April 05, 2023, 03:00:48 AM

Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

Have you seen how many casino's are out there and how many new casinos pop up everyday? The competition makes it tough for new online casinos. The number of new casinos that "scam" their players is higher than the legit casinos. So this also makes it hard for new legit casinos, because player usually like to avoid those casinos because of the chance of getting scammed.
The casinos have got to build trust with players, which can take time and patience. Casinos that are consistent and values player feedback are the ones that are likely to be more successful. And they should also focus a lot on advertisements and promotion of their casino if they wish to succeed.

noorman0

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Quote from: Crypt0Gore on April 05, 2023, 03:00:48 AM

-snip-
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

There's no reason to stick with an advertising method that doesn't give them something in return that increases their stats. It was discovered after several evaluation processes which then resulted in several analyses. Not all forum or gambling community advertisements give good results for the casino even though it is very relevant, it can happen if the casino services offered do not meet the service criteria to compete with other brands that advertise in that place.

Nrcewker

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First of all never open a casino, if you don’t have a good bankroll. Opening and running a casino takes too much effort and money. Moreover if you see today then there is heavy competition among the casinos, now here if you want to survive and leave the rest behind then you have to do really something extraordinary. Also don’t forget the fact that marketing and promotions are always the heroes to attract potential gamblers to the site. If you don’t have enough funds, then no gambler will play on the site only. So according to me both the ways you mentioned above are useless. The casino should raise investments first then should think of operating for the gamblers.

Alphie12

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1. Spend a lot of money advertising with bad ROI for casino or bad odds for sports to make the money back. Players will lose big betting.
2. No advertisement but have very competitive ROI or great odds to entice players. Players lose at a smaller rate but the casino saved on advertising.

yahoo62278

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When you have 5000 casinos all fighting for the same customers, you're gonna see the little guy struggle. Being a new casino, you have to offer something better than the competition and take all their players from them. Then instead of 2500 players spread across 5000 casinos, you can start taking players from other casinos. If you're not offering anything better than the competition, why would anyone want to switch?

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Quote from: Crypt0Gore on April 05, 2023, 03:00:48 AM

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements? Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Going to slow is not good but go all in on advertisement since the launch is also not wise to do. It is hard to choose which one is better between these 2 things because any business is not only about advertisement. There are so many other aspects that will make a business survive for long time such as:
- On site promotions (regularly)
- Available games to play
- Customer Service
- Loyalty/VIP program
- Great UI/Design
- Payment methods and its related things (fee and speed).
- and some others

All in all, advertisement is not the only thing that decide a business will be successful or not. Advertisement is only one of the many important aspects should be done by any business in order to success.

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Quote from: piebeyb on April 05, 2023, 05:06:07 PM

if they want to be famous of course at the start they already have enough funds for campaigns and promotions welcome bonuses for new users to attract new users to gamble, but very few casinos have money at the start most of them do fundraising profit sharing with people in this forum but that doesn't help attract investors to invest in this forum, moreover reputation is very necessary also trust, to be honest it's hard to make a famous casino if you don't have the money to run it.

the competition is already tough as there are already existing reputable casinos. so it is hard to penetrate the business if you are not ready for it. this is why only those casinos with good bank roll and have enough funds with their marketing can compete with existing ones. remember, you need to offer something to these gamblers so they would take a look on your site. otherwise, they are just happy to where they are playing with, if they are not experiencing any issues.

piebeyb

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if they want to be famous of course at the start they already have enough funds for campaigns and promotions welcome bonuses for new users to attract new users to gamble, but very few casinos have money at the start most of them do fundraising profit sharing with people in this forum but that doesn't help attract investors to invest in this forum, moreover reputation is very necessary also trust, to be honest it's hard to make a famous casino if you don't have the money to run it.

goaldigger

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Its normal on any business and even if you planned well for this there are things that is still out of control and for a new casinos, they should endure that challenges and survive on that. The hardest thing are usually happens during the early stage, once you are able to know how to deal with it there’s also a higher chance for you to be on a good side so if you mean business here, you should not give up right away. Anyway, we’re talking about real projects here, because if those new casinos are just a scam project don’t expect them to last.

coin-investor

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Online casino business can not be built in a day it takes time and effort and the whole team focus on building their presence whether they do massive marketing when they launched or do it later, the most important is making sure that they have everything in place like support are great, deposit ad withdrawals are functioning 24/7 and the representative doing their job addressing issues, marketing is always good but users' experience counts the most.
A new online casino should be stable and consistent throughout its existence, it takes time to build a reputation and only a day to ruin it.

Mahanton

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Quote from: Cling18 on April 05, 2023, 04:32:38 PM

Quote from: aioc on April 05, 2023, 04:22:18 PM

Quote from: Crypt0Gore on April 05, 2023, 03:00:48 AM

Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Marketing will make a huge impact on the presence of new online casinos but reputation is everything I have seen in new casinos going massive marketing including launching a signature campaign but stopping it because they lose their steam because of lack of good features and losing their reputation because of the many complaints, features, and reputations are everything if they are going to go all out in their marketing be sure they have what the gamblers are looking for.

Quote

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

The online casino business is very competitive, newly launched casinos should have something better to offer than well-established casinos, and they should be active in their announcement thread, addressing concerns and addressing issues.

Reputation has a huge point and it is the main thing that most gamblers are looking for. If a casino has a good reputation, it can provide good services and promising performance. People now prefer top casinos because of their feedback and reviews so it is very challenging for new casinos to attract players no matter how hard they try to apply an effective marketing strategy.

Reputation is something that cant really be built overnight or 1 day which is something that it does really takes a long time or could be short depending on how you would be running off the business.We do know that there are several factors which are mainly be needed to sustain for you to have that successful business and we know that in every business, there would really be risks involved.Doesnt mean that gambling industry
is growing and profitable which not all does really have the chance on getting that marketshare.This is why when trying out to build up a business then these are the main considerations which
you would need to comply on.

Cling18

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Quote from: aioc on April 05, 2023, 04:22:18 PM

Quote from: Crypt0Gore on April 05, 2023, 03:00:48 AM

Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Marketing will make a huge impact on the presence of new online casinos but reputation is everything I have seen in new casinos going massive marketing including launching a signature campaign but stopping it because they lose their steam because of lack of good features and losing their reputation because of the many complaints, features, and reputations are everything if they are going to go all out in their marketing be sure they have what the gamblers are looking for.

Quote

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

The online casino business is very competitive, newly launched casinos should have something better to offer than well-established casinos, and they should be active in their announcement thread, addressing concerns and addressing issues.

Reputation has a huge point and it is the main thing that most gamblers are looking for. If a casino has a good reputation, it can provide good services and promising performance. People now prefer top casinos because of their feedback and reviews so it is very challenging for new casinos to attract players no matter how hard they try to apply an effective marketing strategy.

aioc

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Quote from: Crypt0Gore on April 05, 2023, 03:00:48 AM

Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Marketing will make a huge impact on the presence of new online casinos but reputation is everything I have seen in new casinos going massive marketing including launching a signature campaign but stopping it because they lose their steam because of lack of good features and losing their reputation because of the many complaints, features, and reputations are everything if they are going to go all out in their marketing be sure they have what the gamblers are looking for.

Quote

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

The online casino business is very competitive, newly launched casinos should have something better to offer than well-established casinos, and they should be active in their announcement thread, addressing concerns and addressing issues.

DoublerHunter

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Quote from: Yatsan on April 05, 2023, 11:26:19 AM

The competition is already big for online gambling casinos which I think is the biggest challenge for the new ones out there. Given that there are already a huge number of gambling sites existing, question for new projects, "what can you offer new to players?"
Because if it is games, rewards, and bonuses, there's plenty of platforms to do such thing. This simply dissolves the hype or simply somehow closes the door for new projects. But what kills the old ones are their service in general; the way they handle concerns of players which could be something to be improved by new sites. Problem is how would they be in the spotlight to give the improvement? Would be hard indeed.

^Becaus there are too many of them, just like hundreds of them and it is natural to have a competition.
New online casinos often struggle because of intense competition in the industry, regulatory challenges, and difficulty in building trust with potential customers. By taking the time to raise funds and build a solid infrastructure before launching a full-scale advertising campaign, a new online casino can improve its chances of success by ensuring that it has the necessary resources and infrastructure to support its growth and advertising is an important factor of any online casino's marketing strategy, and it is tough for them to get the word out to potential customers.

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Quote from: Crypt0Gore on April 05, 2023, 03:00:48 AM

Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

They have to go all-out when it comes to their marketing, the gambling industry has a huge level of competition and if a casino does not advertise then the number of clients they will get will be very low, now it is true that this is very costly but there is no other way, many business are not profitable during their first year of operation so not only those casino need to advertise strongly but they need to do so even when presenting losses, otherwise if they maintain their marketing campaign for a short amount of time then no one will remember them in just a few weeks.

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Quote from: Ryu_Ar1 on April 05, 2023, 02:40:42 PM

Advertising is still very possible to boost their popularity in this case because it is quite clear that when they succeed in making their advertisements last a certain amount of time then the possibility of them being seen will also be very real.
On the other hand, this is also to grow reputation because of course apart from those who do have to make a good casino reputation is also quite important and in this case when they successfully continue to run advertisements and successfully pay for it then indeed it can also be a more condition where they have money to run their business and gamblers certainly don't need to worry too much even though the risk is still there.

One of the ways most new casinos have built a presence in the space is truly through advertising and a lot of them are so consistent in the advertising that their run it for many years just to make sure they maintained steady contact with the desired audience and client, it is not only on that that a casino can but or avoid struggling in the market another way is t bonus offering and other loyalty programmes that are aimed at improving the overall status of the casino.

* we have a couple of pf casinos that started on that note and their presence has to remain visible without relenting take a stake.com for example, if you have been following their development right from time even though most of us were not here in the forum when they started but going through old discussions on their thread you will discover that their motivation and continuity have sustained them till thos very moment.

*So any new project that wishes to follow through in their footstep can always tap into the blueprint and keep working hard to make the dream reality.

Topic: Why do new online casinos struggle? - page 6. (Read 825 times)