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The best option for startup companies is to set the budget at least for the first year of operation, whereas for experienced companies who are entering the igaming market, the budget shall be defined for as long as possible.
If you are a startup-company you have to understand that your costs will be higher. Your goal is to earn trust of players from the beginning.
Existing land-based brands already have trust. Below there is an approximate expenses separation a future casino owner shall have in mind while developing a detailed budget within a business plan.
At the pre-launch stage the biggest budget share shall be devoted to software set-up in order to provide future users with quality product.
But after the launch it is vitally important to address half the funds to casino marketing and promotion. The time frame for online casino launch depends on both, business owner and software provider.
Usually it takes up to 3 months for the provider to set up the software. It includes web site design, platform and games set up, custom settings and possible individual features.
The business owner may speed up the process of launch by providing regular feedback to all questions that designers and programmers might have.
Any issue can be resolved if discussed in time. Setting legal and financial infrastructure is the task that only the business owner can accomplish.
In SoftSwiss we provide consulting services best options, contacts, etc. You will have to collect a bunch of documents for lawyers and banks like certified passport copy, utility bill copy, certificate of non-criminal records….
The secret of the most popular and successful online casino success and popularity is not about the top-notch design or billions of games included.
The best online casinos are simply designed and contain games on average at the beginning. The secret is in responsible marketing strategy implemented on all stages of the project.
Online casino market is an extremely competitive one: Thus, a company has only one chance to win the fierce race among competitors.
Below is a list of points that are vital for any online casino that is planning to be prosperous. Determine what niche you would like to step in, how you are different from the competitors, what unique features your casino has, and what steps you are going to make further.
Use only quality games from trusted game-providers. He would be allowed to influence the way the deck is shuffled, by setting the custom seed from his account.
He will know that the deck was not manipulated, since he will receive the deck hashed and once the gameplay ends, he can unlock it and verify it.
A similar method can be implemented for the other games like the dice, roulette or slot games. At the moment, we can offer over cryptocurrencies for the players to deposit at your casino.
However, all these altcoins will be exchanged to Bitcoins and then to Credits. If your cryptocurrency is not in our list, then we can still implement it, if it has an API.
For more details, please contact us. If you are the founder of a cryptocurrency, running an online casino can help a lot to boost its popularity.
You can see comparison chart here between Copyrighted, Uncopyrighted and Source Codes versions. As payment for our products, we accept Bank Transfer or Bitcoins.
To help you get started, we have prepared a special discounted casino Bitcoin package , which is available for only 18, EUR discounted from 29, EUR.
You can check it here. If you want to pick your own games, then please follow the next steps to start a Bitcoin casino: The second step is to go to our casino games page or to our promotional games package page and choose the titles you want to have on your website.
For Bitcoin casinos we allow only Uncopyrighted games or games with Source Codes to be purchased. If you need any help with making a decision about choosing your casino games, simply contact us and we will provide you with the best information about how to choose the best games for your target market.
You can buy more casino games at any time after you will start your online casino. Click the cart button on top right of the screen, SAVE your package, then contact us and mention your package ID in the message and that you want to open a Bitcoin Casino.
The extra fee for integrating Bitcoin with your casino is only EUR. To work without license you must accept deposits only in Bitcoins and players can withdraw their credit only in Bitcoins.
Our team will contact you in just a few hours to discuss the final details and answer any queries about how to start your online Bitcoin casino website.
You will be sent a contract that will require your signature and company stamp in order to finalize the order. This is required to make everything legal, and to avoid any future problems with the software and games license.
After this you will receive the payment details so that you can pay for the desired products. In 24 hours after the money entered our account, you will receive the software, along with the documentation and the games.
We accept Bitcoin or Bank Transfer for our products. Upload the files on your webserver and run the installation instructions provided within the package.
Your Bitcoin casino website is now set up and ready to receive players! The key to success for any online business is represented by its marketing, so having a good strategy to start with will play a major fact in how your profits will increase.
With Bitcoin popularity having increased tremendously in the past few months, the multitude of options that can be achieved with this cryptocoin became endless.
In countries where gambling is not permitted, Bitcoin casinos became some of the most visited Bitcoin related websites, and thus a refugee for players that could not experience online gambling before.
Players from USA, Canada or the Asian continent found a source of entertainment in all Bitcoin casinos, so these territories represent just a few large markets to exploit for all casino operators, including you.
This is a very important fact when considering which geographical location to target when doing marketing for your online Bitcoin Casino.
Our Bitcoin Casino Solution allows you to determine the country of each user and see which geographical location brings you the most players.
Based on this, you should focus the marketing efforts into the right direction. Bitcoin casino marketing should be done by covering multiple areas, and not just one.
First you must convince players that come to your casino for the first time, to make a deposit. Such thing can be done by placing large visible banners with deposit bonus codes.
Having high payouts and making new visitors notice that other players experienced large wins at your casino can prove to be a crucial move.
One way of doing this is to have a podium with the top winners on your Bitcoin casino website. Rewarding players with free chips or bonus freespins on Bitcoin related forums will surely attract some new players that might just want to try out your offering.
In a small community, where competition is tight, but not very big, reputation plays a vital role. A visible "provably fair" banner, or a certificate that attests the fairness of your online casino will make players feel safe when deciding to make a deposit.
Advertisements on Bitcoin related websites should not be ignored, even if the costs for such marketing strategies might be a little over the average.
Newsletter should be used to offer new bonuses to existing players, and inform them about new games. Press releases can be used to let everybody know about your promotions and who hit the jackpots recently.
A method that is very common for promoting any online business. Creating a Facebook page that is updated daily, having bonus codes made public via Twitter, placing videos from players that won your jackpots on Vimeo or YouTube to convince them to do such, you can give an extra bonus to whoever wins the jackpot and records it in a video file , creating tournament events for players to join, should keep your community happy and with more desire towards gambling.
Offering new ways of entertainment to your players is also important. This company offers something for everyone, with options available for everything from poker games and sports betting software to free mobile software.
RTG has earned a reputation for reliability and trustworthiness over the years, along with providing consistently innovative and entertaining gaming solutions.
There are two types of contracts available that you should know about. The first one is direct and complete purchase of the software.
Some smaller providers will, however, sell you the entire software package which leaves you free to run it yourself, with no additional fees, and keep all the profits.
There are a few downsides here to bear in mind. The second method — and the one used by all the major companies — is a monthly licensing fee for the software, plus a percentage of the profits you make on top.
Given the costs, choosing which provider to go with is obviously a decision you do not make overnight, and there are several key considerations to work through.
The next decision you face concerns payment infrastructure. PayPal is probably the most widely known and accepted e-wallet provider but firms such as Neteller and Skrill are becoming increasingly popular.
The traditional option of wire transfer is also still very much available. Having as many payment options available as possible on your casino site is obviously the best option to attract customers.
Be aware that there will be fees associated with all of these payments. In terms of merchant services, credit and debit cards attract high fees but are ubiquitous, and offer security for both casino and customer.
Neteller and Skrill offer a similar service to PayPal and have become a preferred payment solution for many customers. Not having these options on offer can actually harm your overall credibility.
The final option to consider for payments are prepaid cards. This is a relatively new class of payment options where companies such as PaySafe are leading the way and making increasing inroads into the market.
For legal reasons, your casino needs to be licensed. There are two main types of online casino jurisdiction for you to choose from: As a budding online casino operator, your first licensing decision is to decide which jurisdiction you wish to operate under.
For instance, some jurisdictions will expressly forbid allowing residents of the United States to gamble at casinos under their regulations, whilst others do not offer any restrictions at all.
Tax is another aspect to consider, some offer tax free status to the offshore entity that runs the casino, where others do not. The cost of the license and amount of bureaucracy involved can also vary widely between countries.
The final point to bear in mind and one that many prospective owners foolishly ignore is perception — what does the location say about your casino?
Casinos based in Gibraltar or the Isle of Man, for example, carry an association of reliability and security due to the tight controls over operational and fiscal activities that are in place there.