1 / 21

The Ultimate Guide To Starting Your Online Casino

Want to build an online casino? Get all the insights about modern casino trends, industry stats, crucial features, and a complete business plan in this article.

Abigail234
Download Presentation

The Ultimate Guide To Starting Your Online Casino

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. The Ultimate Guide To Starting Your Online  Casino    No risk, no reward. This is one of the most common phrases  casino lovers quote. And why not? After all, casinos give people  hope. The hope of winning a jackpot! Even after losing money,  people still visit the casinos, place their wagers, and test their  luck in the hope that they’ll win something. Small wins fuel the  desire to play more, wager more and that's what drives several  gamblers to casinos.     While for some people, casinos are a great way to kill time and  socialize, for some, it's a source of income. Several people love  casinos because it's culturally accepted and it's a source of easy  and quick cash while several people love casinos because there  is always a chance of winning loads of money.     But not everyone gets comfortable with the idea of visiting  casinos. Some find it intimidating while for some, the exquisite  casino experience still remains miles away. Spending a fortune  to travel thousands of miles to wager a fortune is one of those  ideas people find it difficult to wrap their heads around.     Hence came in online casinos. Another gift of digitization to  gamblers. It’s true that online casinos had a very humble  beginning, but over the years, they have transformed  themselves into a billion-dollar industry. Online casinos have  become one of the most popular forms of entertainment  among gamblers. People from all over the world log into online  casinos to experience the thrill and to win real money while  being entertained.    

  2. In the past few years, the casino industry has shown immense  potential and has touched new heights. No wonder several  business owners are rushing to invest in the lucrative industry.  And hence to equip entrepreneurs and business owners with all  the crucial insights on how to start an online casino, we’ve  written this guide.     But first, let's understand what exactly online casinos are.      What Is An Online Casino?     Several people often wonder what exactly is an online casino.  And here is the simple answer. Online casinos also go by the  name of internet casinos or virtual casinos. These casinos  provide all the facilities traditional casinos provide. The only  difference is, people use the internet to access them and wager  money. Online casinos have been around since the initial days  of the internet, but over the time, they have evolved to render  best-in-class services and outstanding casino experiences.    Key Terminologies Of Online Casinos    You’ll find hundreds of casino terms in the online casino terms  dictionary. But we have decided to keep things simple. We have  handpicked a few casino terms from the comprehensive casino  terminology dictionary to help you understand the article  better.      Bankroll​: The sum of money a player gambles with is known as  a bankroll.   Bonus​: The amount of money that's offered to a player when  he/she meets certain requirements is known as a bonus.  

  3. Cash-out​: When a player withdraws money, it’s known as  cashout.    Casino Advantage:​ Also known as the house edge, a casino  advantage is the advantage casinos have over the players.  Chips:​ Chips are the tokens that represent money in the casinos.    Dealer​: The person who deals cards in the casino is known as a  dealer.    Deposits:​ Making a deposit is a process of depositing money in  the casino.   High-roller: ​The players who play casino games with high  stakes are known as high rollers.   House​: A casino is also known as the house.   House rules: ​Every casino has a set of different rules known as  house rules.  Reload bonus:​ When existing customers make new deposits, the  bonuses they are offered are known as reload bonuses.   RNG​: Random number generator software is often referred to  as RNG.   Stake​: The amount of money a player wagers on a particular  outcome is called stake.     History of Online Casinos    When did online casino start? How did online casino evolution  take place? Who were the first investors? Well, there is an  interesting story behind it all.      In the mid ’90s, the first online casino websites were launched.  No doubt that the services they offered were nowhere near to  what our online gamblers have today, but these surely opened  the gates for new innovations and opportunities. These websites  started to operate in Barbuda and Antigua after the free trade  and processing act was implemented in 1994. This act was the 

  4. key factor that empowered the Caribbean nation to provide  licenses to those entrepreneurs and business owners that  wanted to invest in the online casino and gambling business.     Other major events in the history of online gaming were the  establishment of Microgaming and Cryptologic in 1995.  Microgaming was a software company while Cryptologic  specialized in transactions. This fueled the launch of real money  casinos and the launch of the InterCasino tool place. InterCasino  is one of the oldest casinos that still renders splendid casino  experiences to the gamblers.     Within the year, as people realized the potential of the industry.  Several casinos started to emerge online. The astonishing  success of the InterCasino motivated several businesses to  invest in the industry. Of Course, each one of these casinos tried  their best to stand out. And to do so, every casino offered a  wide selection of games, diverse schemes, etc and finally,  welcome bonuses came into play in order to attract as many  gamblers as possible.    Fierce competition boosted innovation. Every online casino  business strove to provide the best casino experience and  services. The result? Several high-end software solutions were  developed to provide the plush casino like experiences to the  gamblers. As the limiting technological barriers were removed,  the casinos got equipped with even better technology, got  equipped with virtual as well as live dealer games, live  streamings were introduced to the platforms along with the  leaderboards, and all these factors enabled casinos to become  what we see today.     The Shift from Traditional Casino to Online Casino 

  5.   Traditional land-based casinos have been around for a long  time. And still, people spend thousands of dollars to travel  thousands of miles to experience the one-of-a-kind casino  experience. Monaco, Canada, Louisiana, Macau, Las Vegas are  some of the most popular destinations for casino lovers.  But not everyone can travel to these destinations. And this is  one of the key reasons why online casinos became popular.  Apart from this, there are several other factors that are listed  below, which are responsible for the shift from traditional  casinos to online casinos. Comfort & Convenience  Online casino websites can be accessed 24/7. This gives  gamblers the freedom to access the online casino platforms at  any time of the day and enables them to enjoy the casino  experience from the comfort of their home, at their preferred  timings.     Games selection   The tough competition has pushed the online casinos to deliver  the best. This is one of the reasons why every casino website  comes with a wide variety of games. In addition to this, several  online casinos give access to more games than land-based  casinos which is another reason why several people prefer  online casinos these days. Some of the top-most online casinos  provide access to hundreds of online games, all under one  platform which boosts the engagement of the gamblers.      Global access  Online casinos can be accessed from any part of the world. This  is one of the reasons why online casinos are booming. People  from all over the world access them which also allow them to 

  6. explore diverse online casinos from the comfort of their homes.  In addition to this, global casinos also eliminate the need of  travelling to destinations and help gamblers save money.    Easy payments  Online casinos come equipped with several and diverse  payment options that enable gamblers to make deposits and  withdrawals quickly, on their terms, as per their convenience,  without any frets or hassle.     Joining Bonuses and loyalty programs  Almost all online casinos provide joining bonuses to attract as  many gamblers as they can and to get them started on the  platform. Different casinos also have diverse loyalty programs  that ensure customer retention on the platforms.      Free Casino Games  Several casinos allow gamblers to play some games for free,  without any risks. This enables new gamblers to explore and  find out which games they feel comfortable with and also  allows them to practice.      Online Casino Industry Statistics, Scope and Modern  Casino Trends    There is no doubt that COVID-19 has impacted and crippled  several industries. But fortunately, the online casino industry  isn't one of them. In fact, with millions of people looking for  ways to be entertained and spending most of their time online,  this could be the best time to invest in the online casino  business.    

  7. Several experts are predicting the increase of the online casino  market size by 3% to 10% annually and by the end of 2027, the  online casino industry is expected to hit the mark of ​$127.3  billion​! In addition to this, according to the American Gaming  Association, in the year 2018, 2,800 online casino websites were  active and this number has certainly grown in previous years.     There is no doubt that the casino industry is booming rapidly  and there are several factors that are shaping the modern  online casinos and leading to their quick growth. Let’s take a  look at them.     Financially Secure Participants  One of the key reasons why the online casino industry is  booming is because of the increasing number of participants  with good spending capability and habits. People who wager  money in online casinos not only have a high standard of living  but also they are financially secure. The growth of urban areas  and the recent digitization are also the factors that have  contributed to the growth of online casinos.     Rise of Live Dealer Games  Charming and witty dealers have been the heart and soul of the  casino industry. And thanks to the modern advancements, the  rising demand of live dealer games can be fulfilled. The dealers  in the live dealer games look almost as real and this is one of  the key reasons why games like Blackjack and Baccarat are  gaining immense popularity.     Cryptocurrency Based Online Casinos  Several online casinos have started to accept cryptocurrencies.  Players are leveraging cryptocurrencies and are making  withdrawals as well as deposits as these modes are secure and 

  8. help them maintain anonymity. As these cannot be traced or  hacked, cryptocurrencies have become the first choice of  several gamblers.     New Table Games To Boost Engagement  Not everyone can excel in skill-based games. Games like  blackjack, poker, etc require a serious level of skill to win. Now  since everyone cannot become an expert, online casinos keep  introducing new games, so that their customers can find the  games they feel comfortable with.     Access on fingertips  The rise of smartphones that support high-end graphics has  empowered the online casino industry. Online casino websites  know that users cannot carry desktop and laptops everywhere.  Hence several provide their users with mobile responsive  websites and several provide their users with casino mobile  applications.    Segmentation of Online Casino Market    The online casino market can be segmented on the basis of  various factors that are listed below:     ➔Segmentation Based On Device  ◆Smartphones  ◆Tablets  ◆Personal Computers  ◆Laptops    ➔Segmentation Based On Type Of Online Casino   ◆Live dealer casino games 

  9. ◆Download-based casino games  ◆Virtual casino games  ◆Web-based online casinos    ➔Segmentation Based On End-user  ◆Men  ◆Women     ➔Segmentation Based On Geographical Region  ◆Asia Pacific  ● China  ● India  ● Australia  ● Japan  ● New Zealand  ● South Korea  ● Southeast Asia    ◆Europe  ● France   ● Spain   ● Germany  ● Italy  ● The UK  ● Benelux Union  ● Nordic Countries  ● Rest of Europe    ◆Middle East and Africa  ● UAE  ● Kuwait   ● South Africa  ● Saudi Arabia  

  10. ● Egypt    ◆South America   ◆Latin America  ● Argentina  ● Brazil  ● Rest of Latin America    ◆North America  ● Canada  ● Mexico  ● U.S  ● Rest of North America    Top 5 Online Casino Websites And What You Can  Learn From Them    Even though several casinos are emerging online every month,  some casinos have never failed to impress. There are some  casinos that sit on the top of the list of best rated online casinos  and are delivering top-notch online casinos experience to the  users. Below is the list of top 5 online casino sites and their  offerings that will help you know what enables them to stand  out from the rest.     Intertops  Intertops was a traditional casino that launched its own website  in 1983. Intertops provides its users both options, downloadable  software as well as instant play. In addition to this, the website  also offers a myriad of table games, specialty games, slots, and  also some of the most popular and loved games such as  Blackjack, Red dog poker, Roulette, Craps, Baccarat, Mulligan 

  11. poker and many more. Intertops makes use of attractive  welcome bonuses, niche sports betting, offline play, and  consistent customer service to attract massive number of  players.      Vegas casino online  Vegas casino online is one of the oldest online casinos which is  operated by the Main street vegas group. Regulated and  licensed in Costa Rica, Vegas casino online also operates and  owns other prominent brands such as Las Vegas USA. The  online casino attracts customers by offering them variations  and a wide selection of poker games, preview games for free,  massive welcome bonuses, and several poker game variations.     888 Tiger Casino  888 Tiger Casino is the perfect pick for the slot games. The best  trait? It supports cryptocurrencies which enable players to  make safe and secure transactions. In addition to this, the  website gives access to a wide variety of slot games to users,  provides several welcome bonuses, and also enables players to  enjoy 3D games that almost look real.      BetOnline Poker  Poker tournaments are one of the major highlights of BetOnline  Poker. The online casino website is known for fast payouts,  which means players can make deposits and get paid easily.  Other highlights of the website include regular tournaments  keep the players engaged, no restrictions for US players, and a  rich user base that enables players to compete with each other.     Red Dog Casino  One of the best traits of Red Dog Casino is that it offers mobile  support. This means players don't get tied to their PCs or 

  12. laptops and can access the platform with tablets, android,  smartphones, and many more devices. The website offers  several games to boost engagement on the platform which  include slots, table games, poker, and other specialty games.  Another feature that attracts customers is that red dog casino  enables players to restrict their accounts to facilitate  responsible gambling.     Learning from these reputable online casinos can enable you to  create a rock-solid strategy and can equip you with all the  crucial insights required to kickstart your own business. Now  that we know what the online casino business biggies are doing,  let's take a look at the online casino industry’s future and the  upcoming trends that will shape the industry.     Future of Online Casinos    There is no doubt that the future of online casinos is bright. The  online casinos in the future will continue to grow in the coming  years and new casinos will keep emerging. But there are several  factors that will influence the online casino industry immensely.  Some of these have been already adopted by some of the most  prominent online casinos and some of these are yet to be.     Below is the list of some of the technological advancements  that we can expect in the coming years.     Rise of Esports  Esports have already made a place in the sports betting  industry. And soon, we’ll be able to see esports in online casinos  too. Some of the famous casinos, for example, William Hill have  already incorporated some of the most loved esports such as 

  13. DOTA 2, League of Legends, Counter-Strike, Call of Duty, and  many more in their offerings.     Blockchain   Several players today expect blockchain-based casinos as they  ensure transparency. These enable them to stay informed and  keep them updated with all the information they must have  access to as players. Cryptocurrencies also make use of  blockchain technology and enable players to make transactions  by using untraceable currencies without revealing their identity.     Increase of Live Games  Most people visit casinos not just for entertainment but also for  socializing. And this is one of the reasons why the demand for  live dealer games is increasing day by day. The recent  technological marvels have made it possible for the dealers to  look almost real and have taken the online casino experience to  a completely next level. There is no doubt that people will be  expecting more live dealer games in the future to get the  futuristic casino experience from their home.     Virtual Reality  Virtual reality was introduced to the gaming industry in 2016  and it has impacted the online casino industry as well. As the  demand for the VR devices will grow in the future, more and  more people will be expecting VR based games on the online  casino platforms.     Now that we know what the industry hotshots are doing, what  the future holds for the online casino industry, what trends are  shaping the industry, and what we can expect in the future, lets  come to the point. Let us now discuss things to consider in the  online casino business plan.  

  14.   What Things Should be Considered in an Online  Casino Business Plan?    Several entrepreneurs seek the answer to the question of how  to start an online casino. Several stay clueless when it comes to  creating a business plan. How to get started? What points  should be considered? But not anymore. Below we have  covered and discussed every point that should be considered  and these points will give you complete clarity on how to start  an online casino business.    The budget plan   Every business needs a budget plan. After all, you want to save  for other aspects of your business as well. Hence it’s important  to get a complete idea of how much money you want to spend  and where. Several aspects like licensing, registration, software  purchases, marketing, etc will require significant funds. Hence  it’s crucial to allocate appropriate funds to each aspect.     Business Registration  This is the very first step. Registering your business. The cost of  registration will vary and will depend on the area you want to  operate in. This process will include registering your business,  opening bank accounts, etc.     Gambling license  Gambling activities require a license. It’s important to acquire  the license of the jurisdiction you are planning to operate in.  Some of the most popular destinations include Costa Rica,  Curacao, Panama, Barbuda, Antigua, Malta, Belize, Kahnawake,  etc.

  15.   Online & Casino Software Development/Website Development  Now, this is the tricky part. Deciding between the software  solution. You can either get the software solution from the  ground up or you can go for template-based solutions, that is,  to start your own online casino, you can either go for a ​custom  online casino software solution​ or you can go for a ​white-label  or ​turnkey online casino software solutions​. If you have budget  and time, you can go for custom solutions, if you are looking for  cost-effective solutions that can be launched quickly,  white-label or turnkey solutions are recommended. The most  crucial aspect is picking a trusted online casino software  solution provider. Ensure the company that you are partnering  up with has a good background, positive customer reviews, and  experience in the iGaming industry.     Acquiring Software Solutions   Gaming software solutions will play a key role in attracting  customers to your website. It's crucial to get licensed software  solutions from a trusted software provider. Ensure you invest in  popular software solutions that are loved and preferred by  players to attract as many customers as possible.    Payment Method Integrations   Integrating fast and convenient payment methods is crucial for  online casinos. Difficult to understand and inconvenient  payment methods often drive away customers from the  platform. Hence it’s important to include payment methods that  are easy to use and offer fast payouts to your users.     Marketing Strategies  Last but not the least, you’ll need a solid marketing strategy to  spread the word about your business. The more people know 

  16. about your online casino platform, the more people will join it.  Marketing your business, welcome bonuses, your offerings,  games, deals, free spins, etc can help you gain a significant user  base to get started.     So now you know the crucial aspects you need to consider while  starting your business. But what about the features? The  features on your online casino website will add to the gaming  experience of your users. Hence it’s crucial to invest in a  feature-rich platform. So what are the must-have features?  Let’s take a look.     Must-have Features For A Successful Online Casino  Website    Below is the list of must-have features of online casino site that  will enable you to attract as many customers as possible.     Fiat and Cryptocurrency Acceptance  Cryptocurrency support is crucial as it facilitates safe gambling,  prevents identity theft, and these are untraceable. These are  the reasons why several online casinos have adopted the fiat  and cryptocurrency payment system.     Anti-fraud System   The anti-fraud system enables you to prevent breaches and  keep the platform safe and secure.      Real-time Chats  Real-time chats boost engagements and enable players to chat  with one other, exchange ideas, and socialize better.    

  17. Responsible Gaming  Facilitating responsible gaming keeps users safe and prevent  huge losses which enables them to enjoy the casino experience  in a safe and secure environment.     Live Dealer Games  Live dealer games are high in demand as they give the real  brick and mortar casino vibe and add to the casino experience  of the users.     Random Number Generator  Random number generators help you remove biases and  maintain fairness in the on-going games.    Leaderboards   Leaderboards boost the enthusiasm of players by showing the  ranks of top players and fuel healthy competition on the  platform.     Convenient Payment Options   Platforms with convenient payment options enable users to  facilitate transactions without any frets and keep the users  coming back.           Security and Transparency  Safety, security and transparency are crucial for online casinos.  Players look for safe and secure platforms while picking the  platform to gamble.     Clutter-free Design 

  18. Your website design will reflect the quality of your brand.  Clutter-free designs enable your users to navigate across the  platform without any hassle.     Multi-lingual Support  Multilingual solutions enable players to access platforms in the  languages they prefer and are fluent in. This provides them the  ease of access and enables them to use the online casino as per  their convenience.     Achievement Badges  Achievement badges help players climb up the ranks and also  enable you to provide recognition to players on the platform  for their gaming achievements.     Quick Verification Process and Dedicated User Profiles   Quick verification process enables your customers to get  started quickly. In addition to this, equipping them with  dedicated user profiles enable users to keep everything  organized and access things quickly and conveniently.    In-Game Purchases  In-game purchases enable customers to buy add-ons for their  preferred games and keeps them engaged.     Now that we know what it takes to start a successful business  and what features to include, let's take a look and what  gamblers look for in an online casino.     Characteristics of a Thriving Online Casino    User-friendly Interfaces 

  19. Noob bettors might get lost in your platform if it’s complicated.  Keeping your interfaces easy to use not only helps noob bettors  but also enables professional bettors to use the platform  without any hassle.     High-end Graphics and Sound  Another factor that enables several online casinos to thrive is  high-end graphics and sounds. The technological marvels have  successfully pushed the boundaries and this has led to  increased expectations of gamblers. High-end graphics and  sound give your platform the look and feel of a real casino and  boost engagement of the customers.     Variety of Games  Several casinos even after having a wide selection of games  keep introducing new games. This enables bettors to explore  and find new games to get comfortable with and play. New  games also bring customers back and keep them engaged.      24/7 Support  24/7 support enables your customers to get their queries  resolved. Having robust customer support enables online  casinos to build trust and credibility among users.      First deposit Bonuses and Loyalty Programs   First deposit bonuses attract customers and get them started  on the platform while loyalty programs ensure customer  retention.     Casino Mobile Applications  Customers cannot stay tied to their PCs or laptops the whole  day. Hence online casinos invest in mobile applications to  provide uninterrupted services to their customers.   

  20.   Reputation   Last but not the least, reputation. Having a good online  presence, positive reviews, as well as a good reputation help in  attracting customers on the platform.     Looking for a Reliable Casino Software Provider?     GammaStack ​can help. We at GammaStack equip  entrepreneurs, small businesses as well as large businesses with  robust and powerful online casino websites and casino software  solutions that enable them to climb new ladders of success and  reach new heights.    Our key offerings include turnkey online casino software,  white-label online casino software, Crypto Online Casino  Software, Blockchain Online Casino Software, live dealer games  and so much more.     Equipped with 8+ years of experience in the iGaming industry  and a team of highly skilled as well as proficient designers and  developers, we empower businesses to meet their business  goals, enhance their reach and boost the engagement of their  customers. Our powerful online casino software solutions come  with a plethora of features, several tools, and functionalities  that enable you to deliver spectacular as well as splendid casino  experience to your users.     Want to start your own online casino? Looking to discuss your  next big idea, have any questions or queries about us or our  offerings? We are all ears! ​Contact us ​today to know more.    

  21.  

More Related