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Gambling Industry: Build a Decent and Reliable Business

Gambling Industry: Build a Decent and Reliable Business

Updated 20/02/2023
The entertainment industry is a promising area for investment. Gaminator explains why the modern gambling sector is considered profitable and transparent. Let us review the prospects of the sphere and common options for launching projects.

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Reasons to Work in the Gambling Segment

Gambling business: list of benefits

The main advantages of such amusement platforms are high profitability, the possibility of a quick start, and the reduced tax burden on entrepreneurs.

Let us take a closer look at the benefits of the sphere:

Good Return on Projects

The indicator is affected by the size of the investment and the scale of the business. It takes from 3 months to 2 years to reach net revenue. Small projects like turnkey casinos, online poker services, and bookmakers have the highest profitability.

Land-based clubs require more significant investments. These are large-scale structures where halls with roulette tables, card tables, slot machines, hotels, restaurants, and entertainment centres are built. Such complexes create hundreds of jobs and good infrastructure. Investments are estimated at tens of thousands of dollars, and payback is achieved in at least a year.

Examples of large-scale casino complexes are Macau (China) and Las Vegas (USA). Similar projects are actively developing in many European and Asian countries.

Loyal Fiscal Burden

Organisation of an amusement start-up in one of the prestigious offshore territoriess allows you to minimise taxes and simplify project management (legal and financial issues).

The most popular jurisdictions where it is especially profitable to open an online casino or other gambling establishments are:

  • Gibraltar;
  • the Isle Of Man;
  • Curacao;
  • Malta;
  • Kahnawake, etc.

These areas do not have several taxes — on profits, withdrawn capital, VAT and other deductions. Simplified business registration makes it easier to launch turnkey casinos, betting shops, lottery sites, etc.

Fast Start

The future of the gambling industry is associated with an increase in the number of projects that can be opened in 2–3 weeks. Modern providers offer complex solutions, which include casino software, financial modules, website hosting, etc.

Turnkey products make gambling popular among entrepreneurs and bring the industry to a new level. Business people with minimal knowledge but ready to develop in the gaming direction can open an online casino.

Access to Premium Information Technologies

The advantages of the gambling sector are associated with creating innovative IT projects. The most popular and exciting products include Bitcoin casinos, VR clubs, and betting shops with crypto bids.

The use of IT tools allows for performing the following tasks:

Business security

These solutions will help avoid the pitfalls of the gaming segment and ensure the reliability of casino sites:

  • anti-fraud systems;
  • remote SIG gateways;
  • cryptographic encryption tools;
  • firewall screens and other developments

User experience improvement

Virtual and augmented reality technologies take players to the most famous gambling halls in the world. VR and AR are good at attracting a solvent audience to the site

Quality visualisation

To get a realistic picture, programmers use modern tools in development, for instance, HTML5 technologies.

The finished image is as detailed and colourful as possible

Simplification of calculations

For anonymity and high speed of transactions, Blockchain technology is being introduced into modern casino software.

Transfers in digital currency are a new level in the industry, actively used in gambling solutions. At the same time, the safety of the gaming business remains the highest

Interesting Perspectives

iGaming business: perspectives

The advantages of the sphere promise a successful future for it:

  1. The rapid growth of the market. According to the estimates of the authoritative publication Cision PR Newswire, in 2023, the turnover of global gambling will amount to $525 billion. At the end of 2019, this figure was $500 billion. An increase of $25 billion over 4 years is a worthy indicator that creates excellent prospects for gambling business investors.
  2. Opening up new markets. Europe (53%), Asia (29%) and North America (11%) are leaders in the iGaming segment. However, the situation will soon change. The Asian region will be the leader due to the industry's legalisation, population growth and increasing user interest. Legalising betting shops in many US states will boost America's share.
  3. Business simplification. It is now possible to open an online casino faster, thanks to the optimisation of legislation and the emergence of high-quality finished products. Many jurisdictions have allowed web business registration with minimum documents required for a legal start.
  4. Implementation of new IT technologies. Market analysts' expectations are primarily related to AI. It can be used in marketing, service quality improvement (chatbots), and risk management. Another example is Apple's Smart Watch. The devices can bet on sports by analysing event lines. The player's task is to set up the product correctly.

Excellent gambling prospects are a reliable argument for entrepreneurs who doubt whether to start a gaming project. The industry gives good opportunities for creating respectable establishments.

Starting a Gambling Project from Scratch

Most entrepreneurs associate the difficulties of the gaming business mainly with its opening. But the organisation of entertainment sites is very similar to the launch of any online store. Even an entrepreneur without work experience but with a serious approach to business can open a web casino.

The easiest way is to buy ready-made gambling software from a trusted provider. Gaminator offers a secure platform with a payment gateway, affiliate service, and a portfolio of games from well-known developers. This is an excellent solution for operators who do not know how to start a web gambling business.

If an entrepreneur plans to launch a resource independently, he must go through several important stages:

  1. Getting a licence. Operators can choose an offshore jurisdiction or one of the prestigious European or Asian countries.
  2. Buying software. Difficulties in gambling often arise due to the purchase of a low-quality program. Such software is characterised by low protection and poor performance, and the picture can freeze at the most inopportune moment. To prevent this from happening, you should order software from certified providers.
  3. Purchasing entertainment content. The standard portfolio includes slot machines, arcades, card games, and roulette. You can add entertainment with live dealers and poker tournaments, as well as high-quality video content from trusted providers.
  4. Designing a website. The best option is to develop a corporate identity. A discreet colour scheme with 1 or 2 dominant colours would be a good choice. Do not overload the front end with additional elements. Create a clear design with easy navigation.
  5. Launching the project. The last stage means combining all resource components, technical tuning, testing and debugging.

The Main Things about the Gambling Segment

Casino business: key notions

The gaming sphere is a promising niche:

  • The advantages of the sector include excellent profitability, access to the best technologies, and quick launch of highly lucrative products.
  • The industry’s prospects are the development and scaling of the business, and analysts predict the opening of new markets.
  • Operators can organise gaming projects on their own or purchase turnkey products from dependable software suppliers.
To launch a gambling platform quickly and with cost optimisation, you can order effective solutions from Gaminator.

We offer betting and casino scripts, licensing assistance, slots from the best manufacturers (Microgaming, EGT, Vivo Gaming, etc.), poker sites and other useful components.

Order service

Organise a responsible and profitable project with us.

Artur Zimnij
Author
Artur Zimnij
Gambling business specialist
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