Quote from: SirJohnVonSlotty on January 22, 2024, 09:12:12 AM

Answers to Frequently Asked Questions:

Q: How much money do you need to open a Crypto or Fiat online casino?
The minimum recommended amount for an experienced team starting an online venture would be in-between 3.8 Mil and 5 Mil, all depending on the team and their salaries. Most new casino operations get profitable anywhere between 14 to 18 months, so you would need enough money to survive that period. However, that's for people who have previous experience with managing a casino operation and are bringing in a lot of contacts from the industry already. If you're starting from scratch, with a junior team, you will need to set more money aside for consultants and failed campaigns.

Q: Can I open an online casino by myself?
I wouldn't recommend opening a casino by yourself or even with a team of junior people, the market is so competitive that you will either be eaten up by the competition, or by scammers. It's a tough job with a lot of stress. If you would like to enter the industry, and do something by yourself, you can always open an affiliate site with Wordpress and work your way up. There are platforms like https://plinkogambling.org that offer exciting ways to enter the iGaming world, even if you're just an individual. You can build an affiliate website and start generating income through referrals without the massive overhead and risks associated with running a full-scale casino.

Q: How many people do work at an online casino?
Smaller operations usually have up to 15 people, medium operations up to 500, larger can go up to 5000, it all depends on how many services they do in-house. If you're outsourcing almost every aspect of your business, then you can work with a smaller team, but if you have your own customer support or your own casino platform, then we're talking about several hundred people for just one department.

Q: How does a regular online casino work?
Most smaller to medium operations work in a so called puzzle-style operation, that means that you, as the operator, are made up of several pieces that are completely separate from your business, with which you either partner up or you pay them for the services they offer.

#1. The Casino Platform itself, the key element. Same how there are platforms like Wordpress and Kentico, there are also finished solutions for your Casino, usually built either in Angular, React or, sometimes, in Next.JS. Those are companies that are known within the industry and usually manage everything for you, but for a fee of course.
#2. Game Providers, the most important aspect of a casino, there are over 100 different gaming providers on the market who take care of the games, their quality and security. So instead of making your own games, you just plug them into your casino.
#3. Payment Providers, you usually do not process payments in-house, and it's also not recommended since it's a lot of money in question, so you rather let a professional manage that. This is why you get payment providers like Mastercard, PayPal, GooglePay, ApplePay and similar services.
#4. Affiliate Platform Provider, instead of having your own system for onboarding affiliates, you usually outsource this as well.
#5. Customer Support Providers, again, instead of hiring 30 employees of your own, you just find a company that can manage this aspect for you, usually it has to be an experienced or iGaming dedicated company because there's a lot of lingo going on. However, this is also one of the reasons why some smaller operations have bad customer support = because it's outsourced. [/li][/list]

So, basically, the smaller you are, the more you're outsourcing, but the more percentage of your winnings goes to the providers. The bigger you are, the more stuff you're doing in-house.

Q: How much money does an online casino earn?

There are tons of casinos that are publicly trading, so their earnings are available to the public. For an example, you can Google Betsson AB Quarter Report, and you'll see that they are ranging around 50 Million per quarter, but they are also a huge operation that eats a lot of money by itself. Smaller operations usually earn anywhere between 250.000 to a million per month, but since it's such a volatile market, you have to have a fat war chest for hard times.

It’s been a year since I joined this forum, and I was initially hesitant about starting an "Ask me Anything" thread due to the spam issues in the gambling section. However, since several users requested it and I’ve enabled self-moderation to combat the spammers, I’m hopeful that we can make this section more engaging together.

I’ve been involved in this industry for quite some time and am part of a team managing several brands. My experience spans various operations, including those licensed by MGA, UKGC, and Curacao. While I am not a casino owner and thus can’t answer questions specific to that role, I’m more than happy to share insights or address questions about the broader industry.

Feel free to ask about game selections, bonus methods, VIP management, legal issues, or licensing structures. I will do my best to provide detailed answers, and if any particularly interesting questions arise, I’ll update this post with those answers.

Regarding the self-moderation, I plan to use it judiciously. I’m open to healthy debate and learning from each other, but I will remove posts that seem to be generated by AI or are just attempts to boost campaign numbers. I’ve seen too many valuable threads overwhelmed by spam and don’t want this one to end up the same way.

Answers to Frequently Asked Questions:

Q: How much money do you need to open a Crypto or Fiat online casino?
For an experienced team, you’ll need between 3.8 and 5 million, depending on salaries and other factors. Most new casino ventures become profitable in 14 to 18 months. For those starting from scratch with a less experienced team, more funds will be necessary to cover consulting and potential failures.

Q: Can I open an online casino by myself?
Starting a casino alone or with a junior team isn’t recommended due to the competitive nature of the market. A more feasible approach for individuals is to start an affiliate site using platforms like Wordpress, which can be a good entry point into the industry.

Q: How many people work at an online casino?
Smaller operations may have up to 15 employees, medium ones up to 500, and larger ones can employ up to 5000. The size of the team depends on whether the services are handled in-house or outsourced.

Q: How does a regular online casino work?
Most operations follow a puzzle-style model, partnering with various service providers:

Casino Platform: Like Wordpress for websites, platforms like Angular or React handle the casino infrastructure.
Game Providers: There are numerous providers offering games, which are integrated into the casino.
Payment Providers: Transactions are managed by external services such as Mastercard or PayPal.
Affiliate Platforms: These are often outsourced for managing affiliate relationships.
Customer Support: Typically handled by specialized external companies.
The more services you outsource, the less control you have but the more efficient your operation can be. Conversely, handling more in-house operations gives you more control but requires a larger team.

Q: How much money does an online casino earn?
Publicly traded casinos like Betsson AB report earnings around 50 million per quarter. Smaller operations generally earn between 250,000 and 1 million per month, but the industry is volatile, so a substantial reserve is necessary to weather downturns.

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