BetterValueCasino website update

[BetterValueCasino]

Thank goodness for that, website all sorted and working again as of about an hour ago.

Access to demo mode live roulette, not for real money, is now working fine. If you'd like access please send an email or telephone (details given on the website front page), and in the case of emails, we'll normally respond within an hour with the link to the live roulette which you can then use whenever you want (account pre-registration is not required to use demo service, you just need to be over 18 years old when from the UK).

Apart from that, we've now got to complete getting everything ready for December. Looking forward to then, I'll answer any questions in the meantime, will log in regularly.

 

[Crimebuster]

So, you own the company you work for from home, your a registered problem gambler with gamstop and you have applied for a UK gambling licience which allows you to handle vast amounts of the publics money whist your at home lol

What could go wrong?

 

[BetterValueCasino]

What could go wrong?

I think a lot could go wrong if not carefully prepared, set up and then run! But of Shafted points, as I posted before, I'm not a problem gambler - I stopped gambling because I was finding the bias towards the casinos was much too high., I am registered with GAMSTOP and we don't apply for the UK gambling license which can take up to 16 weeks for approval, until the end of this month. I've heard about a company which raised $50 million investment just a couple of years ago, they closed without success with a lot of money spent on marketing administration, brand ambassadors etc. Then other gambling operators have closed where their monthly minimum costs to suppliers have exceeded their capital resources where they haven't secured enough customers. Sometimes companies do not appear to have had sufficient resources to pay out big wins. A liquidity float of substantial amount is essential, in our case we think very important as the RTP needs to be as high as possible.

 

[SpinUk]

Good to see this fantasist thread rolling on.

 

[johnnymcc1966]

I think a lot could go wrong if not carefully prepared, set up and then run! But of Shafted points, as I posted before, I'm not a problem gambler - I stopped gambling because I was finding the bias towards the casinos was much too high., I am registered with GAMSTOP and we don't apply for the UK gambling license which can take up to 16 weeks for approval, until the end of this month. I've heard about a company which raised $50 million investment just a couple of years ago, they closed without success with a lot of money spent on marketing administration, brand ambassadors etc. Then other gambling operators have closed where their monthly minimum costs to suppliers have exceeded their capital resources where they haven't secured enough customers. Sometimes companies do not appear to have had sufficient resources to pay out big wins. A liquidity float of substantial amount is essential, in our case we think very important as the RTP needs to be as high as possible.

I have to say that if only the big bookmaker sites such as Bet365 can offer the highest RTP,with their billions of pounds/dollars of turnover.How do you,a self confessed bedroom start up,expect to compete with the likes of them? I mean,even Lottomart and LandL casinos which are very popular and well used on here cannot offer maximum RTPs on a lot of their slots either. I am genuinely interested to see how this turns out.

 

[BetterValueCasino]

Hi Johnnymcc1966, thanks for the post - Bet365 not only has a very high turnover, their net profits are vast too. I met with a medium-scale slot games provider company CEO in February and I explained we wanted to run the RTP as high as possible. He too questioned how we would "make any money". However, running games at higher RTPs not only makes the chances of the customers being happy more often, it means games can be played for longer if players so wish.

A trouble with gambling is that players are not simply playing to be entertained with flashing lights and graphics, they really do wish to make a profit. But the gambling companies want to make high profits too! I believe higher return to player is the way to go, far more chance of word-of-mouth recommendation to friends, much less chance of customer churn (customers leaving).

True the business is being prepared in a room adjacent to bedroom! We won't run from a residential property though, we'll be considering medium sized unit at the local industrial estate.

In answer to your question, we expect to be able to compete well because our gross margins compared to Bet365 will be much less, our costs will be less too. Gaming duty is high in the UK, but remember it's based on gross gaming profits rather than turnover.

Following your previous post regarding, I have seen Tombola slots and spoken to people who have sometimes won small jackpots with them. There is a much higher chance of customer satisfaction with higher RTP. I've heard that Lottomart and L&L casinos are doing a good job. Our own casino is being prepared with as much as possible done in-house, so that more of the proportion of the income can be paid out to players.

 

[johnnymcc1966]

Hi Johnnymcc1966, thanks for the post - Bet365 not only has a very high turnover, their net profits are vast too. I met with a medium-scale slot games provider company CEO in February and I explained we wanted to run the RTP as high as possible. He too questioned how we would "make any money". However, running games at higher RTPs not only makes the chances of the customers being happy more often, it means games can be played for longer if players so wish.

A trouble with gambling is that players are not simply playing to be entertained with flashing lights and graphics, they really do wish to make a profit. But the gambling companies want to make high profits too! I believe higher return to player is the way to go, far more chance of word-of-mouth recommendation to friends, much less chance of customer churn (customers leaving).

True the business is being prepared in a room adjacent to bedroom! We won't run from a residential property though, we'll be considering medium sized unit at the local industrial estate.

In answer to your question, we expect to be able to compete well because our gross margins compared to Bet365 will be much less, our costs will be less too. Gaming duty is high in the UK, but remember it's based on gross gaming profits rather than turnover.

Following your previous post regarding, I have seen Tombola slots and spoken to people who have sometimes won small jackpots with them. There is a much higher chance of customer satisfaction with higher RTP. I've heard that Lottomart and L&L casinos are doing a good job. Our own casino is being prepared with as much as possible done in-house, so that more of the proportion of the income can be paid out to players.

I sincerely wish you well and hope it all comes good.

 

[BetterValueCasino]

Hello! I am pleased to update you today with what's happening with our company.

Last Tuesday, I attended Hippodrome Casino in London for all day discussions and networking for the casino industry. A lot of the all day discussions with people involved with gambling from all over the world were about how to make gambling safer and more sustainable for players. It was a tremendous opportunity for me to explain my ideas, philosophy and plans and I'm very pleased to say everyone I spoke to was highly encouraging and very pleased to hear that we wanted to run on a much lower profit margin than is typical - whereas there has been a trend for reduction in RTPs, we want the RTPs to increase.

I have been strongly encouraged to pitch our ideas to a panel of potential investors in early February next year, I have been told by senior staff of the international casino trade association that it is highly likely that we will secure the investment that we need. Yes big funding is still required, so I'm sorry the casino will not be ready for launch on December 2nd of this year, instead it will be some time in 2024. We haven't got a date, just wish to launch as soon as possible but we need a large amount of money to make this a success!

There has been just a very small number of account pre-registrations to date, all registrants will be sent a cash prize of £15 early October as we're unable to launch in December as had originally been planned. All pre-registrations will be contacted shortly, we will pay these amounts by Paypal or bank transfer.

During the day at the Hippodrome Casinomeister was mentioned during one discussion and highly commended for the PAB service. I attended the private party on the rooftop bar at the Hippodrome at the end of the day, had an absolutely fantastic day there.

Of course I am happy to answer any questions arising - apart from that, I will find this thread and re-post when we actually launch in 2024. Our website is being updated, there will be latest news posted within 2 days - technical control of our website is being given to partner company tomorrow.

 

[BetterValueCasino]

We're transferring our website to a new platform nothing to worry about but temporarily it's down. Our website is temporarily unavailable, but it will be back very soon and I look forward to publishing the next updated message there during this week.

All going really well in preparation, sad we can't start the online casino December 2023 but looking forward to next year!

I just needed to add this post today because there is a technical error appearing on the website, I understand the website will be back in approximately 24 hours. The roulette feed video links to real casinos is running fine, and our demo mode roulette is running fine too. I understand work has started on getting slot games ready for us. The games are far more exciting of course with higher RTP, my own GAMSTOP 1 year gambling stop came to an end I played a slot game a few weeks ago and won about £30 but I understand the experience of winning has not occurred often enough for players generally, I have experienced in the past slot games where lots of money can be burnt through and nothing back. I am personally going to set a very low deposit limit if I do gamble, and close my remaining accounts.

Our own slot games will not have any winning spins which return less than the spin value, as we've already mentioned a very high RTP is important to us to provide, and we will have a repeater mini-jackpot which is £500 with repeating chance available from a hit bonus feature. Our maximum roulette spin value will probably be a table limit of £5,000, minimum £0.50 or £1. There will be tables where the maximum limit is considerably less. Currently we don't have plans for software roulette, although it would be interesting to put this out to consultation, if we do offer this the maximum limits will be far less than for live roulette. For example, in the bookies before the £2 rule came in the maximum bet was £50 or £100 - something like that.

In respect of maximum stake for slot games, I'm in favour of reasonably good stakes perhaps maximum £20 a spin, only more if the player can afford the risk (but without intrusive checks to ascertain that!) The players are far more likely to be able to afford the risks if the payout percentage is much higher, then there's more chance of winning a good amount and less chance of betting too much money and losing too much! This is before the proposed additional winnings in arrears, each week, month, Christmas and New Year.

I wasn't expecting to post today but thought it best to whilst the error message is coming up for our website. Can't wait to start, and also looking forward to paying out small prizes next month to the few people that pre-registered so far! Edit 26/09/23 1.30PM Website is now back online.

 

[BetterValueCasino]

Hi Christmas is nearly here and I would like to update you in this thread about how things are going for us.

The live roulette bespoke platform has been operating well with live video from real casinos around the world for some time in testing. I'm very confident that we can provide a live european roulette trading/playing service which could be the best in the world for aggregated payout by the end of each month and indeed at the end of the year.

It was sensibly suggested to me much earlier in this thread that we should launch with slot games as well, as the majority of play is on slot games rather than roulette. Slot games are being worked on, many hours of design work invested already, I hope they are ready in time for launch rather than we just launch with roulette to start with.

Because we are launching our own slots, we will start with a maximum of just 3 slot games, rather than the hundreds or even thousands of slot games which other casinos offer. This does mean our overheads will be less, as one problem with starting an online casino can be having to pay something called "minimums" to game providers each month - if you don't get enough revenue for a particular slot or group of slots, a payment has to be made all the same of a minimum amount to the game providers, very usually. The 3 slot games we launch we aim to have the highest % return in the world.

The bespoke platform is I'd say 70% there. We can launch in 2024, sorry it's taken so long to start. I have spent quite a lot of time reading the 300+ page High Stakes - Gambling Commission white paper consultation. I've also spent a lot of time reading thousands of online casino reviews.

I hope everyone has a great Christmas, I'm sorry to say this but if you find a slot which is not paying decent bonuses it may be a slot which will just not hit a bonus, on and on and on with more and more money invested. I have been there in the situation of having no money, I have great sympathy for people who enter this situation. I hope everyone has enough cash to enjoy a decent enough Christmas. Money is so important in life to have a decent life.

 

[BetterValueCasino]

Hello - at our website the freephone numbers are currently down, these should be back by Tuesday (tomorrow) 1.30pm or latest by the end of tomorrow, email is working fine. The international landline number is working fine. I will let everyone know when we launch in the UK later this year (any time after the beginning of April).

 

[Mark_Lottomart]

Hello - at our website the freephone numbers are currently down, these should be back by Tuesday (tomorrow) 1.30pm or latest by the end of tomorrow, email is working fine. The international landline number is working fine. I will let everyone know when we launch in the UK later this year (any time after the beginning of April).

Thanks so much for the update, it must be such an inconvenience that your freephone numbers are not available to your valued players. I hope your support teams are able to cope with the complaints. Best wishes.

 

[BetterValueCasino]

Hi everyone, great we haven't started yet but you can contact us on our working freephone numbers, which are available 24 hours a day.

I am attending the International Casino Expo in London tomorrow. If we raise the necessary investment, it will be possible to launch our casino in the first half of this year. Please note that gaming duty is not an expense which requires mean average payouts to be less than before,because it is a tax on gross profits rather than net profits. We will start in the UK and then operate with an additional license for other countries.

Unfortunately it looks like we can launch only with live european roulette rather than slots as well, a lot of our preparation is done in-house to keep our costs and fees down. If possible I will go to the Casinomeister meet-up as well, but can't guarantee this.

 

[pekka55]

I for one see absolutely no reason why I wouldn't give all my credit card info and bank statements and drivers license to this absolutely top notch operation.

 

[BetterValueCasino]

Thank you! I have a latest target to launch now of the end of September 2024. Open banking checking bank statements etc is something that we would like to avoid whenever possible. Freephone lines have been working again, please note that the office is not manned again until tomorrow afternoon onwards. I will post back when we finally launch.

 

[DreamRJ]

I mean I am late to the party to say my thoughts but feel I want to give my 2pennies worth.

Firstly a very very strange thread. I do not think I have ever saw a thread like this ever before where a potential CEO is detailing all the ongoing steps and going into great detail publicly. I mean I like the transparency but there has to be a line you draw divulging all the details that you are divulging.

A question I have is this, you stated you are from the UK and you are a wealthy individual but now you stated you are looking for investments? I mean was you always looking for investments from the start? Or was you blind sighted and unsure of the true costs involved and how much money you actually need to cover costs and payouts to winning players?

Is that why you are now looking for investments?

Secondly what slot providers are you going to be hosting in your casino? and also what withdrawal and deposit methods will you use and lastly how fast will your withdrawals take? will you have an automatic withdrawal system so that they get processed instantly by the system so players do not need to wait days for them to get paid?

One last thing: Your personal address is listed on the companies house for your company as well. Anyone can then see where you live. That is why it would have been best to have a office away from your home for you and your family's protection and security?

Thanks and I wish you good luck with your venture though.