Have you ever considered having your own iGaming Operation and you don’t know where to start? Here are 5 things to consider that can make your decision easier:
1. Product Type
There are several product types you can opt to offer to your potential future clients: casino games, sports betting, poker, bingo and much more.
It can be an easy choice if you know it already, but if you don’t you will for sure want something that can generate revenue with little or no risk involved. Research showed that Casino products bring most of revenue for an Operation.
2. Player Jurisdiction
Okay, you know which product/s you want to offer, now it’s time to do some marketing research and see which country is relevant for your business to acquire clients.
As more and more countries oblige you to apply for a license in their country, you need to make sure you do your homework and see which countries you want to target.
3. Product Providers
Games – There are plenty of providers for every single product you want to offer. You can choose one or more Casino Providers such as: Playtech, Netent, Microgaming and many more. Sportsbook Providers: Betradar (one of the biggest in the market), Soft Gamings, Bett Market and many more.etc.
Affiliate platform – Netrefer, myAffiliates, in house etc.
4. Company Formation and License
You have your product, the jurisdiction you want to operate, third party providers what you need now is to license the operation. You can choose to open your company based on the tax system and you have plenty of options in Europe: Malta, Estonia etc., or anywhere else in the world.
The most used jurisdictions for iGaming are: Malta, Gibraltar, Curacao.
Last but not least, finances! All decisions above will be taken according to the budget you have available. Ensure that you have at least 1 year finances to support the business without expecting revenue.
Do you want to do everything yourself? or you want to only concentrate on one aspect?
Do you want to outsource parts of the operation or all of it and just concentrate on Marketing? We can help you find the right balance of in-house and outsourcing.
Contact us today for more info.