Looking for investment opportunities in 2017? Considering the huge size of the gambling industry and the fact that gambling’s popularity has soared in recent years, this could be one of the most prolific investment options. With market capitalizations in the multibillion-dollar range, investors in gambling industry can quite reasonably hope for a rewarding return. The competition is big, but there is plenty of demand as well. Check out this Dirty Dancing Slot for a quick look at the sort of product you will be selling.
As a future investor, you will have the variety of options to choose from: casinos, racetrack, sports-betting companies, and of course, the ever more popular online casinos and mobile apps. In this article, we focus on online gambling, the fastest growing sector of the industry. In 2015, the online gaming market had a volume of 37.91 billion U.S. dollars, this figure was forecasted to increase to 59.79 billion U.S. dollars in 2020. Given these huge figures, you will have plenty of investment options to choose from. The favourite games are slots, roulette, baccarat, blackjack, bingo and poker. You should also consider in-play sports betting as well as live casino module, both very popular amongst gamblers.
A respectable online gaming business investor will need the following:
1. Professional iGaming software. Choose your provider carefully, for this is one of the most important decisions that you will need to make. There is plenty of options and you should take time to evaluate them and make an informed decision. In general, you should opt for a fully-manageable and customizable white label iGaming solution that has customer support, large coverage of betting markets and an access to a big selection of top international casino games. Also, your software should be able to seamlessly and immediately integrate new games. Some software provide their own gambling licenses, which is another plus. Also, don’t forget to check their business background before making any deals.
2. Gambling license: as a provider of gambling activities, you need to apply for a license in the country where you want to set your business. It takes a few months to a year to obtain a gaming license, depending on the country. Many gambling sites choose their location almost entirely based on the legislation and regulatory practices that they’ll have to adhere to. Popular gaming jurisdictions are Curacao, Malta, Alderney, Isle of Man, and Gibraltar because their licenses are accepted by a great number of countries.
3. Payment system provider: it’s advisable that you provide players with multiple payment options. A good iGaming software provider can deliver this as well.
4. Website: You need to choose an attractive design or invest in your front-end development because it is the most important aspect for your players when choosing among hundreds of similar betting websites. Again, a good software provider can offer a variety of predefined templates.
5. Marketing strategy: to attract gamblers you can offer various promotions and loyalty programs, including sing up bonuses, deposit bonuses, no deposit bonuses, free bets, frequent player points, etc.
Since there is a growing need for dedicated iGaming providers that can respond to all the above requirements, offering solutions to start ups who want to affirm themselves in the gambling industry might be a smart move as well. Almost all current casinos rent their software from online software companies and investing in these can be very lucrative.
All in all, although gambling business requires an ongoing effort and a startup capital, a huge expected return is definitely making it worthwhile. We can expect gambling to turn a healthy profit, as always.