Starting a Casino website is not as hard as you might think but there are some challenges too which you need to be aware of. The difficulties should not scare you because the internet has innumerable resources, both free and premium.
The gambling industry is a varied and sometimes complex beast, but when you look beneath the hood you’ll see that its numbers make for positive reading.
When it comes to online gambling and demographic statistics, a UK study concludes that 17% of the population gamble online, resulting in £5.3 billion in revenue for the online market alone.
In the US the numbers are quite different, in 2016 only 3% out of the 4.2 billion who said they gamble regularly said they played online on sites such as Caesars Casino. This number must have grown drastically in the following years, as the revenue in 2018 landed on $306.5 billion for the US online gambling market. These numbers do not lie as a lot of people have been flocking the industry making its market size expected to rise to USD 127.3 billion, by 2020.
Starting an online casino website is not as complicated as it may seem as long as you follow a clear set of directions that guide you through the process.
Choose an online provider. which refers to the casino software and games you will be using. This software will run your gaming site and be the backbone of the casino, helping you manage your entire operational activity, including account management, payment processing, fraud management, and marketing campaigns.
You may decide to settle on software that develops games and platforms or ones that offer packages with gaming content of other suppliers that is business-to-business(B2B) model. Both have their own advantages. The company that develops games itself tends to be more convenient due to the low fees required and its flexibility in meeting your needs. In case you decide to go with the B2B supplier, you can get games from multiple developers without the need to sign multiple contracts, but there will be larger fees to deal with.
Obtain a Casino License.
If you choose to go with a B2B supplier, you probably will be offered a sub-license that will allow you to freely operate legally without the need to obtain one yourself. This would save you a lot of time and funds on your initial investment, but eventually, it is better to get your own license when your casino will start generating you serious money.Alternatively, you can start a BitCoin casino, which does not require a license.It is important to pay the fee to get your casino license and provide them with any other information that may be required.
Decide on your Accepted Payment Methods.
This enables players to make their deposits, payout prizes, and withdraw money from the casino back into your business. Allowing credit cards at your casino will improve the chances of getting customers as it is the favorite method of payment around the internet. You will need a credit card processing service in order to verify they have enough money and to get the money sent to your company account.
Market and promote your casino.
It is necessary to develop an effective marketing strategy and set up an effective subsequent system that enables website engagement and increases traffic. In order to win over a new audience and keep loyal visitors satisfied at all time, introduce loyalty programmes, set up bonus systems and retention campaigns to motivate your players’ return. Explore competitors, identify their mistakes and try to avoid them in the activity of your own platform.
Learn how to Deal with Challenges.
Running an online casino exposes you to a lot of challenges that you probably wouldn’t have to worry about with other businesses.
The most significant worry to an online casino is hackers. It’s critical that you hire professionals to make sure that your server is very secure, to protect customers money and faith in the casino otherwise hacking would result in loss of customers which will put stress on the continuity of the busines.
If your marketing efforts are bearing fruits and attracting a large number of people to the casino website but they are not signing u, you may have a few different issues that have to be dealt with.
The game is all about capture and retention. Bring the traffic to the online casino doorstep, and making sure the players will open an account, deposit and play.
It could be possible that you are not offering enough methods to deposit money into the casino if you only have one or two methods available. Make sure that you have as many different ways to deposit money as you can.
You may not be covering the language of the country that you are marketing to. If the website isn’t in a language that players understand then they aren’t going to sign up.
You may need more promotions or bonuses to make them feel like there is a reason to try your casino. Without an incentive most players will stick with their current casino over yours.
If your players are joining up with the casino and then leaving it very soon after then you probably need to improve the games that you are offering and by making sure that the games are easy to understand and they come with rules and help;
Only choose games that are pleasing to look at, and avoid games with sharp graphics or games that are photosensitive that is they hurt the eye.
Purchase games that will run in most web browsers and offer an instant play option. Many players can’t wait to download a game client to their desktop in order to play;
Get games that cover popular casino games such as slots, poker, and scratch cards;