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How to build your own casino

Discussion in 'Casino Industry Discussion' started by SoftGamings, Nov 30, 2015.

Thread Status:
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    Nov 30, 2015
  1. SoftGamings

    SoftGamings Dormant account

    Occupation:
    Comprehensive and cost-effective solutions for you
    Location:
    Riga, Latvia
    Hi Everyone,

    I'm a representative of SoftGamings company – supplier of comprehensive igaming, sports betting and binary options solutions. I'd appreciate if this topic could be used to find out the needs and requirements of launching an online casino or sports-book site.

    If anyone got a question or topic we can discuss – I'm happy to help.
     
  2. Dec 17, 2015
  3. world in game

    world in game Dormant account

    Occupation:
    life surfing
    Location:
    Kiev
    It is interesting to know, how to make an own casino and which sides of the question is the hardest to decide
     
  4. Dec 17, 2015
  5. jackanory2279

    jackanory2279 Experienced Member

    Occupation:
    self employed masturbaiter
    Location:
    england
    alot of money to have a site like videoslots,, probably millions.

    also im sure you have to pay millions every year.

    you can get cheap crappy slots but you wont be using netent and the like without a massive budget.
     
  6. Dec 18, 2015
  7. AlyLauren

    AlyLauren Dodgy account - spammy content

    Occupation:
    Writer
    Location:
    Philippines
    How much money do I need to open an online casino of my own.
     
  8. Dec 18, 2015
  9. zebedy

    zebedy No!!!! Im Spartacus MM webmeister

    Occupation:
    brain stergeon
    Location:
    Up a Tree
    There was an interesting thread from several years ago so i expect the costs have gone up since then
    http://www.casinomeister.com/forums/showthread.php?t=32688
     
  10. Dec 18, 2015
  11. SoftGamings

    SoftGamings Dormant account

    Occupation:
    Comprehensive and cost-effective solutions for you
    Location:
    Riga, Latvia
    I would say that most important aspects to decide before launch is targeted region, because that impacts the licensing, which is very important to make a trusted and secure brand. And then goes the software issue, which actually has become easier to solve, as you don't have to apply for each individually and can get several via one integration and agreement with platform aggregator.
     
  12. Dec 18, 2015
  13. SoftGamings

    SoftGamings Dormant account

    Occupation:
    Comprehensive and cost-effective solutions for you
    Location:
    Riga, Latvia
    Well, yes, cheap NETENT slots were an issue past time, however, I would say, that Online Casino costed millions, in those times, when there were RTG, Playtech and MG casinos – one software supplier for each casino. Today real Curacao licence, which is quite ok for soft launch, costs some 20k. This is far away form million budget.

    A lot has changed since those times, and especially great impact on pricing has made appearance of companies, that can provide several providers via single integration. And beside that you also can get a license there, or work under company's license at the launch. This is very cost–effective.
     
  14. Dec 18, 2015
  15. SoftGamings

    SoftGamings Dormant account

    Occupation:
    Comprehensive and cost-effective solutions for you
    Location:
    Riga, Latvia
  16. Dec 18, 2015
  17. syntynyt

    syntynyt kuollut

    Location:
    ~
    http://www.casinomeister.com/forums/showthread.php?t=66218
    this is actually the most recent thread on this matter, which gave me the impression that around 2mil is the sum for this stunt, with promos, marketing, affiliates, workers, and money let aside in case Nate or Paul Newey plays your casino :lolup: now add the new fashion of DDoS and you can get over that sum. im wrong?
    what bothers me is how those affected casinos by rogue decisions (no pay/stalling) survive in the market if there are monthly/yearly costs, and why some marketing teams that create some of the most horrendous 'promos' ever looks like they are bus drivers. is not a requirement to know players needs and be a player by yourself to apply for such job or school degrees is all that matters.
     
    1 person likes this.
  18. Dec 28, 2015
  19. SoftGamings

    SoftGamings Dormant account

    Occupation:
    Comprehensive and cost-effective solutions for you
    Location:
    Riga, Latvia
    Scam casinos is really an iGaming wonder, as it looks totally weird they are hoping to get the money from players in these times of advanced internet users, when you can get info on almost anything.

    And those fake NetEnt and Greentube casinos – business built on a hope that no one will figure out their cheap fake games...
     
  20. Dec 28, 2015
  21. Rhyzz

    Rhyzz Experienced Member

    Occupation:
    Online Gaming
    Location:
    United Kingdom
    Gone down? Not sure how. On top of licensing costs you now have jurisdictional regulation, point of consumption taxes to pay and an ever increasing competitive market where a single click on google ads can go for as much as £70. CPA's used to be ~£100 - now they're upwards of £600. SEO is a massive expense if you want longevity in the market and whilst it's no longer feasible to have your own hosting and systems, the 3rd party providers are charging ever increasing amounts of rev share. Add this to the fact any major bank will want a £500k capital deposit into a ring fenced account to process coded transactions, player balances must be ring fenced on top of that and the UKGC bearing down on businesses like they're distributing heroin, it's hard to see how the business has gotten cheaper.

    There is a very good reason why these big power houses are merging - it's because it's no longer viable to compete. By merging they drastically reduce the cost of having a presence in the market place. It's only a matter of time until the smaller operators who have so far kept their heads above water begin to get bought up as the big boys look for market share. Watch this space - bet365 has £918million cash at hand according to their latest statements, that's some serious 'go out and buy everyone' capital!
     
    1 person likes this.
  22. Jan 4, 2016
  23. SoftGamings

    SoftGamings Dormant account

    Occupation:
    Comprehensive and cost-effective solutions for you
    Location:
    Riga, Latvia
    However today you don't have to pay licensing and then to each of software supplier, and so on and on. Thanks to platform aggregators, like SoftGamings I represent, you can get all these issues covered in one agreement and all inclusive price, which believe me, is very cost–effective if comparing to purchase of all services one by one :) Those big suppliers are just too famous and busy to deal with fresh newbies trying to enter the market – they just say their default price, they have, let's say, for William. However our company has closed agreements with them time ago, in those times, when they were not some famous. Those we can focus on startups and provide a price that such a newly launched operator can borrow.

    I can agree that advertising might be a tricky and expensive thing, as AdWords costs have increased dramatically, along with common banner placements. Today you have to be ready for huge advertising expenses to become a recognisable brand in the industry.
     
  24. Jan 4, 2016
  25. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    Sorry, but I'm shutting this thread down since it's obviously a promotional tool.

    Just to chime in, I would highly recommend NOT trying to start your own casino unless you have years of marketing/software/casino experience and plenty of investors with very deep pockets. It's no longer 1998 when anyone could crank out a casino and become successful.
     
    4 people like this.
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