Three decades ago, gambling industry was exclusive, accessible only with significant starting capital and right connections for support. However, rapid development of digital technologies has dramatically changed the landscape. Proliferation of online casinos has made gambling more popular and profitable, with many countries becoming more legislatively amenable to the gambling business. Now, anyone can enter gambling business, with primary conditions to operate within law and withstand stiff competition. To achieve this, an online casino must be as attractive as possible to players — in fact, players should want to revisit your website and bring their friends along.
What do you need to achieve this?
For a start, robust and high-quality casino software.
Navigating complex structure of online casino and understanding the principles of its operation can be challenging for a new operator. Besides the casino software, study several layers of essential information:
Therefore, several types of solutions exist in the gambling market. Some imply complete responsibility of the owner for managing the online casino, while others allow delegating some duties to the supplier of the license and casino software.
Turnkey solution in gambling industry implies a fully customizable online casino where the operator independently chooses direction, characteristics, and set of services deemed necessary for operation. A turnkey casino requires significant investment and more time for launch, but in the hands of a skilled businessman and team of professionals, it can become a unique, vibrant, and multifaceted gaming portal. This attracts hundreds or even thousands of players with a variety of games and slots, promotions, and loyalty programs.
The advantages of turnkey casino are clear:
In essence, a White Label solution is similar to a franchise: operator works on a provided platform for a relatively small fee, promoting the online casino under the license and brand of the contracting company. This solution is often chosen by novice operators who want to avoid risks associated with legal or technical complexities, as well as purchase and implementation of casino software, which are handled by the contracting company.
This solution allows market entry approximately two months after signing the contract. However, the operator is significantly limited in choosing software and gaming content and is entirely dependent on the license owner. The operator's responsibility lies in the marketing component and attracting traffic to the product. Nevertheless, before opting for such a structure, it's crucial to delve into the interplay between marketing and product to determine whether this system can generate desired revenue.
Purchasing a casino script appears very enticing: the owner, without wasting time, buys an already prepared foundation for the website, installs it on server, and proceeds with page layout and design customization. Additionally, the script allows for unique design implementation and creation of an unlimited number of websites on the same script.
However, this solution has more drawbacks than advantages:
A less risky option is to purchase a ready-made website. This is one of the fastest ways to launch an online casino, obtaining all rights to it. However, a ready-made website has limited functionality, and its expansion can be more expensive and complex later on — not every casino software is suitable for integration. This solution should also be chosen with a reliable team of designers, developers, and lawyers, as the owner is also responsible for licensing.
This solution is another option for creating a unique, customized product that is more competitive in the market. In this case, procurement and implementation of all software are the responsibilities of the operator and their team: programmers, web developers, designers, and system administrators. This approach differs from the turnkey casino in that the owner delegates the development of the casino not to a contracting company but to their hired staff. A custom casino is a solution for those who have a team of reliable and competent professionals, understanding gambling industry.
In this scenario, the operator is responsible for everything — from selecting the casino software and gaming content to implementing payment systems. Special attention should be paid to the latter.
Casino software: characteristics of quality payment aggregator
Gambling industry falls under high-risk category. This, combined with the massive volume of transactions, high risk of chargebacks, and fraud by dishonest visitors, shapes specific requirements for payment systems and aggregators for online casinos.
Initial structure of an internet casino is complex and multifaceted, so choosing the software for it better with professionals or at least consulting about any doubts. This is an expensive and fundamental investment.
Experts at Monoup can answer all questions related to selection and implementation of any payment infrastructure solutions. We can provide not just one-time consultations, but comprehensive support for your gambling project on all matters related to providing gaming business with payment solutions and stable operational technology.