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What are online casino platforms and how can you benefit from them?
To answer the first question, online casino platforms are products provided by an iGaming company in order to all your needs in creating an online casino which covers the website and games. They have technical teams ready for follow-up, hosting, and other technological services. The provider generally has an in-house back-office software solution for the total management of the online casino instance which includes integration of payment methods including methods involving cryptocurrencies and everything else you can think on a platter.
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To answer the second question, the main benefit is to have a single entity to deal with. This eliminates the involvement of third parties thus reducing delays as well as allowing a single line of experience over the years advising you on setting up your own online casino. Let’s go back to the previous list and see what comes together for an online casino platform
Website and games creation
When an iGaming company can create everything from the website as well as the game integrations, there is little need to check elsewhere. The key element to take note here is that their reputation is high and the games which have been provided have a high Return-On-Investment.
It’s not always about them following everything that you want. As they would have experience on why certain elements do not work in order to ensure the success of your online casino. However they must be open to listening to your requirements by finding a mutual agreeable direction in the online casino creation.
The added benefit here is for them to create exclusive games for your own use only. You will own the copyright, and give a truly unique advantage to your online casino.
Technological services
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The need for multiple freelances or staff is gone if you outsource such services to the professionals. Their lengthy expertise is only matched by their strength in numbers. They are the guarantee that nobody is going to be let down. Neither you or your players will be stressful over bugs, safety issues, or disappearing funds.
The added benefit here is for them to protect you full-time under a contract that is ensuring that no mishap or hacking can take place under their watch.
Back-office software
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This part is needed for smooth and streamlined management. Back-office management allows operators to see what is happening behind the scenes of the casino. They can see where the source of bets, monitor the games in real-time and make sense of the data. This ultimately leads to understanding what is earning a lot and what is not. They can correct and override dealings when a customer has a problem or something is afoot. There is no end to this list.
The added benefit here is for them to customize the back-office software according to your specific challenges and needs. You could add affiliate management or new payment methods without complex integration.
To learn more about Online Casino Platforms such as the offered by us at Asia Live Tech, we welcome you to contact us by filling in the form on our website or directly by email/live chat. Thank you for reading.
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It’s easy to get excited when we talk about online casino business plan. You see yourself with a functioning website ready to promote your brand and get the customers in. But this excitement can go against your business. To ensure everything works as per plan, each step needs to be planned accurately. That’s why today we’ve decided to help advise you on the key elements in creating your own online casino business plan with everything you need to know in order to make your online casino successful.
Strategy
A good business plan needs an overall strategy which can be determined by answering several of the following questions:
- Which market do you target?
- Which games are adapted and profitable for your market?
- Which design will you use to pull in customers?
- Which payment methods must you implement?
Once you have answered these questions, you will have a better idea of your needs, challenges and you will be ready to find a suitable company to help you.
Supplier
Connecting with suppliers is the second step. They must be able to make your vision doable, according to your strategy. Most of all, you need quotes to see if your budget is aligned with your expectations. You might have to sacrifice something if needed.
Brand
Once you’ve got the supplier, your brand must become a reality. Keep it consistent and coherent with your market. A fancy website looks nice, but your customers might prefer practicality. You need to figure out what will work for your brand, such as the dealers, the experience provided, the atmosphere, the customer service or the extra services. All of them will define your reputation among players and eventually affiliates.
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Software
An online casino management software is needed to deal with your website, check the numbers, and organize the marketing. It has a great part in any iGaming plan, as it allows entrepreneurs to monitor their operations and have total control over it. Keep a good thought of what you need or check the supplier’s service for more details.
Staff
This part can fluctuate depending on your ambition. Either you can do everything on your own or you would need staff and this has to be reflected in your plan as it will affect time management. Staff can help with web development, customer service etc. but it’s not mandatory to hire. You can do that if its suitable for your overall strategy. However, in this situation, you may also consider outsourcing the function toward a supplier or rely on freelancers. Ultimately it based on your strategy hence you will need to compare and choose the best.
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To get more help with your Online Casino Business Plan. We welcome you to contact us, either by filling the form on our website or directly by email at [email protected] Thank you for reading.