Online casinos are one of the few businesses that have not been affected by Covid-19. In fact, financial reports show that the revenues of US gambling sites increased by at least 33% in 2020. Precisely, financial reports show that the US gambling sites made about 6 billion dollars in 2020. Online casino owners are expected to make even more money by the end of this year. For this reason, you might be one of those people who are planning to venture into an online casino business. While becoming an online casino owner seems to be a difficult task, the truth is that it is much easier than starting a brick and mortar facility. In involves very simple steps as explained below.
Step 1: Software
To start an online casino, you must have software. Instead of developing software, you can simply choose the software developer that best suits your purpose. Good thing is, there are several software developers to choose from. NetEnt and Microgaming are some of the industry titans which have options for nearly any taste, from roulette to poker and slot machines. Besides, there are also several small companies that are highly specialized in something specific. For example, Ezugu is the best when in developing live dealer games of high-class quality, and the best slots is known to come from Play’n’Go.
Step 2: License
Getting a license is probably the most important step to opening a casino site. This is because, without a proper license, no one will actually play at your casino. The gamblers are keen to ensure that random number generators in your casino games work well. They also need to make sure that the casino maintains fair play. UK is known to have the most reputable license commissions. They include Curacao and Maltese.
Step 3: Banking
You will need to contact payment providers so that you can set up banking. You should enable players at your casino to deposit and to also withdraw their winning, not only with ease, but also with safety. Therefore, the list of banking methods must include only the trusted options. MasterCard is a must-have, as well as Visa. Besides, you should not forget about Skrill and PayPal, which are very popular e-wallets. Using cryptocurrency for online gambling seems to be the recent trend. More and more casinos are now accepting Bitcoin. Therefore, to show players that your casino site is at per with technology, it should accept Bitcoin.
Step 4: Design
A site is required for an online casino to operate. You need to register a domain name that is memorable, and then rent a hosting. After that, hire programmers to design and develop for you a site that not only looks good, but also works with no glitches. You should work with a system that is high-load resistible as you are likely to receive many clients.
Step 5: Marketing
You are almost done. Now that you already have a great website with a vast games assortment along with a list of payment options, as well as a trusted license, players is the only one thing that is missing. So, how do you attract players? Well, through marketing. To win new clients, you can introduce generous welcome bonuses. To keep the existing clients, you will need a good loyalty program.
The steps described here are the simple steps to start a gambling business. While it might take significant investments, it is usually worth it. You have to be a good manager to succeed, otherwise you’ll close your doors like littlewoods casino or any other closed recently.