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The gaming industry is a promising and highly profitable one. Technological innovations, modern payment solutions, and effective methods of promotion are used here.
The Smart Money company explains how to open an online casino in 2024 and make it popular and profitable.
A successful start-up always begins with careful planning. Of course, it is not always possible to think through the smallest detail. However, it is quite real to outline the main steps for launching and developing an online casino.
The investor has to:
The main steps for creating and promoting an Internet casino are described in a business strategy. It is essential for getting permission. The regulator studies the applicant's start-up plan carefully. Only after that does it decide on issuing a licence.
The document contains all the stages of launching and developing a start-up for the next 2–5 years. Any achievements are converted into real KPIs (key performance indicators). Then, they are compared with the expected metrics.
Entrepreneurs focus on:
Most often, operators pay attention to offshore jurisdictions. The entertainment field is well developed there. The government offers tax incentives for entrepreneurs and large shareholders.
In 2024, it is possible to start a new business in the following countries:
The European market is renowned for its thriving gaming industry, reliable legal system, and cutting-edge technological infrastructure. Almost 40% of European gambling enterprises are based in Malta. The largest exhibition in the EU, SiGMA, is also held here. Entrepreneurs can obtain one of four licences: for casinos, bookmakers, poker rooms, and lottery draws | |
The jurisdiction was the first in the world (in the late 1990s) to begin publishing and giving out documents for casinos. In addition, the earliest gambling sites and blockchain projects were licenced here. In 2023, the authority is waiting for large-scale changes. The government promises to reorganise the procedure for issuing permits, connect operators to the goAML international monitoring system, and publish a new procedure for resolving disputes between players and operators | |
The jurisdiction is known because it issues temporary permits for licence holders in other states. The document is given out using a standardized approach. It is valid for 59 days. This time is enough to evaluate the benefits of working in the jurisdiction and make a final decision. Entrepreneurs pay only 0.1–0.15% of GGR. Besides, there is no corporate tax at all | |
The Isle of Man | The businessman can obtain a master, network, or sublicence. The last type of permission is the most profitable one. It allows entrepreneurs to work with players from other countries legally. The authority has introduced a progressive taxation scale. The more the entrepreneur earns, the smaller the deductions. GGR of €20 million or less requires a 1.5% tax, while amounts over €40 million are subject to only a 0.1% fee |
Operators should take a closer look at European countries. It is possible to open an iGaming project in Germany, Latvia, Lithuania, Estonia, Sweden, and the UK. Many jurisdictions are changing their approach to licensing gambling companies. This makes it easier to do business in the region:
Entrepreneurs should define their consumer’s profile. Most often, these are middle-aged men with a income that is above average. They view gambling sites as a way to have fun, not as an attempt to earn money.
To get good revenues, operators must understand customers’ behaviour. It is great when beginners quickly transfer into the category of regular gamblers and play at medium stakes. A long rotation of the reels on micro bets does not bring profits to the casino. Clients can spend a small amount during the evening, but the owner won't ultimately receive any earnings.
The attraction of high rollers will improve the average income of online casinos. Gamers playing with high bets can recommend the iGaming site during a stream or on their Facebook or Instagram pages.
The company needs to order the following components:
The most popular method in the field is performance marketing. Promotion of an iGaming project is aimed at achieving a measurable result "here and now". The approach is highly efficient because financial resources are spent only on efficient tools.
As part of performance marketing, entrepreneurs can use different promotion instruments: SEO, SMM, and e-mail advertising. Most of these techniques are used comprehensively. However, it is important to find tools that suit a particular iGaming project.
The selected promotion strategy may vary depending on its intermediate results. These are the primary advantages of performance marketing — flexibility and manoeuvrability. Therefore, the money spent on advertising has the maximum effect.
The connection of partner services is a popular method of promoting a gambling site.
The enterpriser outsources the functions of advertising an iGaming start-up. It is possible to cooperate with private masters or affiliated companies.
The benefit to the entrepreneur lies in increasing Internet traffic on the site and converting it into regular customers. The businessman pays only for the final, measurable result. If the partner has attracted a small number of players, then the affiliate will receive a modest reward.
All terms of cooperation are prescribed in a bilateral contract, which specifies:
A stylish and well-thought-out look will attract solid traffic, while a roughly and poorly designed site, on the contrary, will scare off potential customers.
The things to pay attention to:
In 2024, the following content categories will be in demand::
Cluster slots | Digital machines have non-standard fields (from 5x5 to 10x6, and more) and an increased number of pay directions. Combinations can be presented as lines or blocks created randomly or following a given algorithm. Most top developers have presented their proprietary cluster mechanics. Big Time Gaming developed Megaways, and Yggdrasil created GigaBox, etc. |
Crash games | The content is characterised by concise gameplay and the provable fairness of blockchain-based results. An object moving along a parabola (rocket, airship, cat, etc.) is the centre of the plot. It explodes (falls, disappears) at a certain moment. The player needs to withdraw the bet before the explosion to receive the prize money. The advantage of crash content is multiplayer support. From 2 to 20 gamblers (or even more) can participate in one round. Thanks to this, the operator is guaranteed to get a profit |
Live games have not lost their popularity for several years. Users especially like live roulette, baccarat, and blackjack. Broadcasts are conducted from state-of-the-art studios or real casino complexes. Gamblers can play one-on-one against the dealer or participate in multiplayer tournaments and rounds. Another interesting form of entertainment is a walk through the halls of a real casino in guest mode |
The more settlement channels connected to an online casino, the wider public it is possible to attract.
The subsequent payment methods will be popular in 2024:
The Internet casino field is a promising and highly lucrative sphere.
You can buy a profitable gaming start-up from the Smart Money company. We offer:
Order the implementation of HTML5 slots based on individual sketches, promotion and advertising of the project, a business plan, and assistance in obtaining a licence from us. We are ready to help you with issues of any complexity.
Do you still have any questions? Ask an expert
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