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Economy => Gambling discussion => Topic started by: Crypt0Gore on April 05, 2023, 08:00:48 AM



Title: Why do new online casinos struggle?
Post by: Crypt0Gore on April 05, 2023, 08:00:48 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.


Title: Re: Why do new online casinos struggle?
Post by: Oshosondy on April 05, 2023, 08:08:34 AM
If you want to use 6 hours to cut a tree, you should use at least 4 hours to sharpen the blade that you want to use to cut the tree. If you want to do a business, spend more time to prepare the business in a way it would attract people. Before you start a casino, you need to make all works as planned in a way you lack nothing. That will help your business.

Advertisment is very important. Assuming you spend $1 million on a business that needs advertisment, there is nothing bad to budget $500000 to $1 million or more on advertisements. Advertisment is very important for a business to succeed, which is the reason people are going for it.

Having money to pay for advertisment, it also indicates to people that you have enough money and people like something like that. Some people will check your gambling site if you advertise, some people will later would be convinced to check your gambling site if they keep noticing your advertisement.


Title: Re: Why do new online casinos struggle?
Post by: Plaguedeath on April 05, 2023, 08:10:58 AM
Don't make it complicated, just look the business around your countries. I think at least every country have KFC, most people who want to eat fried chicken they will go to KFC because it's tasty and the taste doesn't change in one country to another. But we were saw many people are create their own fried chicken restaurant and they make the name close to KFC, it can be VFC, AFC, SFC, LFC, etc.

Do you think VFC, AFC, SFC, LFC etc will survive and can become big business like KFC aka the old and popular one?


Title: Re: Why do new online casinos struggle?
Post by: CryptSafe on April 05, 2023, 08:30:48 AM
Like my Thesis supervisor will always tell me, " There is no thesis or project that is new to the academics. All the projects you think are new to work on had already been worked on by someone else but you would want to do something similar to that nature so so your idea is not a new one and what is expected of you is to go for the materials read it to add more literature and value to your research and get some citation for reference purpose" I remembered it as I saw this topic.

You know casinos have long been in existence before yours so you will have others to contend with and you can only achieve that by rendering quality and unique services which other casinos have not. Talking about advertisement, that is a major factor or player too because advertisement is a promotional campaign to create awareness of the casino existence and features of the casino to rendering services.

If you must survive as a casino, you will need to constantly be relevant in making known your presence and Services together with your constant upgrade to current casino technological innovation and development.


Title: Re: Why do new online casinos struggle?
Post by: TheUltraElite on April 05, 2023, 08:33:30 AM
It is just like starting a new business mate. You don't see people go to every new shop that opens but sells the same thing, do you?

That is why they start promotional content and giveaways in order to draw out the crowds, a marketing that is necessary to kickstart a new casino. I think bringing in celebs to do some promo talk and giving out some free coins is a new mode of advertising than the older method of banner ads.

Nowadays influencer marketing is also very popular since they cater to a lot of people who gamble.

For the owners this is a big headache but once you get into the flow you will grow your own userbase and they will bring in more members though affiliate or word of mouth.


Title: Re: Why do new online casinos struggle?
Post by: tusandii on April 05, 2023, 08:58:44 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
New casinos must be able to provide several promotional bonuses to attract the attention of many gamblers and they must prioritize service to all potential customers or customers who have played there.
Do not forget that casinos need to try to have a good enough reputation in order to survive in this competitive gambling industry.
They have many advantages and of course can have their own characteristics to provide comfortable satisfaction for every gambler. That way new casinos will quickly adapt so that they have lots of loyal customers and are able to prove that they are casinos that are worthy and can be relied on.


Title: Re: Why do new online casinos struggle?
Post by: pakhitheboss on April 05, 2023, 09:00:26 AM
Every new business struggles in the beginning. What makes them profitable in the long run is what they offer unique to their existing and new customers. A new casino will face the same issue as an established casino faced when it started.

The conventional approach for promoting an online casino works but won't generate good business. I have seen some established casinos nowadays hiring influencers and promoting their products using their influence. Some new casinos might hire them initially and some might not be depending on their marketing budget.

Overall patience and long-term marketing are the two ways through which a casino can stay afloat in the long run.


Title: Re: Why do new online casinos struggle?
Post by: Issa56 on April 05, 2023, 09:04:12 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
When you are starting a casino business, you don't just expect people to start using the casino once, you have to first build the reputation of the casino, which will definitely take time before you can do that, as a new casino you should try and manage the money you spend on advertisements, make sure you get your reputation first, you can be organizing review campaigns which am sure the amount you will spend on that will be kind of less, the more people are trusting your casino site, the more people are using the casino, then you can start pumping money into marketing. If you are marketing, it should be for a long period of time. You can market for just 1 months and you will be expecting the same result with a casino site that market for 1 year.


Title: Re: Why do new online casinos struggle?
Post by: Eureka_07 on April 05, 2023, 09:05:50 AM
<snip>
I did not studied any course related to marketing, but in my opinion, I think overall, it would be better if casinos will prioritize the stability of their systems, and also have a smooth process (code, server, database) if there will be big updates in the future before they market their service. They need to have a quality website & operation so they can also give us their quality service. Next to that should be the marketing & execution of long-term plans.


Title: Re: Why do new online casinos struggle?
Post by: acroman08 on April 05, 2023, 09:08:48 AM
going all in would be a lot better than doing it slowly or with small advertisements(I am not saying that doing it slowly doesn't work). if they are going to go all in with their advertisements they should also be strategic about their marketing to not waste unnecessary funds for their marketing/advertisements. now, despite my saying that going all in is better, it is still not guaranteed that the casino will be successful because marketing isn't the only reason why casinos succeeds.


Title: Re: Why do new online casinos struggle?
Post by: FatFork on April 05, 2023, 09:32:36 AM
I would say that both approaches can work depending on the circumstances.

Taking a slower approach can be good as it allows the casino to focus on building a strong foundation and ensuring that everything is running smoothly before investing heavily in advertising. This can help to create a positive reputation for the casino and attract users through word-of-mouth and organic growth.

On the other hand, going all in on advertising from the launch date can be effective in generating a lot of buzz and attracting a large number of users quickly. However, this approach can also be risky as it requires a significant investment in advertising and may not be sustainable in the long run if the casino can't generate a steady flow of new players and doesn't have a solid foundation in place.


Title: Re: Why do new online casinos struggle?
Post by: swogerino on April 05, 2023, 09:40:54 AM
A new casino first of all should take into consideration that they will be competing with already trustworthy and reputable ones which offer a lot of options to their players and first the newly established casinos should offer some big welcome bonus in order to attract new users otherwise no matter how good they intend to be in the future it will be worthless without a big user base.

Based on the above I strongly suggest that newly established casinos should go all in with aggressive marketing campaigns and extremely big welcome bonuses as the first steps in creating a good user base.


Title: Re: Why do new online casinos struggle?
Post by: Yawa2020 on April 05, 2023, 09:51:12 AM
Firstly, the number of casinos is growing day by day and thereby making the whole atmosphere a competitive one for both the new and existing ones. The existing ones are trying to maintain their users while the new ones trying to attract users. In that scenario, I will recommend both for the new casinos to engage in advertisements in order to attract customers and at the same time working on improving their platform.


Title: Re: Why do new online casinos struggle?
Post by: Fivestar4everMVP on April 05, 2023, 10:13:50 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?
I think it depends, for the first option, remember they say, slow and steady wins the race, if the casino is shot of funds for proper marketing, it be better they start their advertising in a very small scale, and be patient until they raise enough money, and as soon as they have the money, it is still not advisable to go all in on marketing, at this point they can begin to increase their marketing bit by bit, until they reach a level where they don't have to struggle anymore..

One thing that casinos must understand is that marketing is very expensive, it doesnt matter whether in this forum or outside this forum, money must be spent, know how to go about marketing in a way it will not hurt the finances of the casino in a negative way is the best strategy..

For casinos who's owners are big men with lots of money to throw around, it's not bad if they go into full marketing at the beginning of the business, as long as the money being spent on marketing wont affects finance side of the business, and casinos must realized that marketing works better when its done long term, don't just advertise for a while, then leave.


Title: Re: Why do new online casinos struggle?
Post by: Cantsay on April 05, 2023, 10:29:06 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

It depends on how much the casino has, if the casino is just starting up and does not have enough money to run a large advertisement campaign that's going to bring more customers then they should go with the slow approach.
The casino should realize that they can't just remain on a football field and then expert to catch animals found only in the forest. What I'm trying to say is that if the casino is looking for good customers and those big deals then they should be ready to all out when doing their advertisement.

I know that sometimes little advertisements might even be more effective than some large adverts but since it's a niche that's very competitive then they have to do something unique to catch the attention of gamblers. Just my 2 days.


Title: Re: Why do new online casinos struggle?
Post by: John Abraham on April 05, 2023, 10:51:32 AM
There are various reasons why New Online Casinos Struggles. Among all other reasons, the main reason is market research. Before you launch your platform, You have to do a market analysis. As a casino owner, ask yourself why you will choose a new casino over all other reputed casinos. If you cannot answer this question, you will be unlikely to survive in the market. The new Platforms should pop up with unique ideas which people have never seen before. If you have a regular thing already available on other platforms, tell me why I would choose your casino over all the reputed platforms.

Incomplete Website: New Casinos launch their website before they finish their development work. I understand that developing your website never ends. But, You shouldn't enter the market with an incomplete platform where people will face issues. This will give a wrong impression to your customers.

Customer Support: Customer support is the most important thing when you launch your website. Since this is a new platform, users may face various issues or not understand everything. That won't be good if your website doesn't have live and email support.

Promotions: Existing casinos already have promotions like free on Deposit. Free spins on sign-up. Cashback, Rakeback and many more. You will unlikely get users if your casino doesn't offer competitive bonuses and promos.

Honesty: This is the most important thing for a casino. If your website starts doing shady things like banning users and confiscating balance without proper investigations, You won't be able to go long.


Title: Re: Why do new online casinos struggle?
Post by: xSkylarx on April 05, 2023, 11:05:03 AM
It is really best to advertise your casino before it is finished, but if you plan to advertise it even if you are still updating the banners and some advertisements on the website, that is still good because if you go full blast on advertisement, then those gamblers you've attracted will see that your website is buggy and will still leave your casino because it is not worth it. Also, advertisements right now are very essential because most of your competitors are hiring celebrities and influencers just to make a name for themselves in the gambling industry, so you should do it too.


Title: Re: Why do new online casinos struggle?
Post by: Apocollapse on April 05, 2023, 11:55:30 AM
Also, advertisements right now are very essential because most of your competitors are hiring celebrities and influencers just to make a name for themselves in the gambling industry, so you should do it too.
Do you think hiring celebrities and influencers are easy and cheap? they're have a lot followers which surely they have their own payrate and they know they must not promote a casino without reputation in order to minimize scam. It's require a lot money, even you're have a lot money you still need to wait until they accept it and they reviews your casino. It's not as easy as contact them on their email and they will accept it.


Title: Re: Why do new online casinos struggle?
Post by: arwin100 on April 05, 2023, 12:09:51 PM
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

Because its hard to compete with other old reputable casino since once came out to the mind of the people is they shouldn't trust easily those casino which newly launch since chances that they are scam or either cannot deliver quality experience to them.

If they want to compete with those reputable old casino which is doing so fine here well they need to spend a lot of funds on marketing because from this they can convince people to try out the games they can offer to the public.


Title: Re: Why do new online casinos struggle?
Post by: len01 on April 05, 2023, 12:59:29 PM
for a new casino, in my opinion, it's better to do all the advertising from the start of the launch until this business is better known by the public out there.
because new casinos have a hard time getting big, usually because they can't compete with the old ones that are already popular, and if the new casinos are to be able to compete with the old casino business they have to at least be willing to spend more money developing, advertising and promoting to new customers who wish to register at a new casino.
at this stage, of course, the new casino will be recognized more quickly by new customers out there with all the promos that are attractive and different from the old casino. because usually gamblers are more interested in bonus promotions and if a new casino is able to provide a bonus promo that is different from other casinos that are already popular and more interesting to try, I don't think the new casino will have any struggle


Title: Re: Why do new online casinos struggle?
Post by: robelneo on April 05, 2023, 01:13:34 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

Both strategies will work both strategies or methods have their pros and cons, the most important is dedication and great support, words of mouth are very important if you can make gamblers feel that they are treated special and the casino has good management they will refer their friends here and they will give testimonials on how the casino they are playing, whether you started with huge marketing or take time to build up casinos should focus on reputation and support once they establish that and they have steady players they can opt to level up or continue their marketing.


Title: Re: Why do new online casinos struggle?
Post by: panjul07 on April 05, 2023, 01:17:25 PM
Anytime you wanna create a new topic which is related to gambling in general, please create it in Gambling discussion (https://bitcointalk.org/index.php?board=228.0) board which is the more appropriate place for such topic.
You can remove this one there yourself but I have reported it as well to be moved there.

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Advertisement is just part of marketing strategies, it is designed to make people aware about the existence of the casino.
Huge and long time advertisement will be useless if the casino is not providing the best offers and services for the customers.
All in on doing advertisement without any other promotions will just make them bankrupt faster.

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

It is normal to struggle and all big casinos out there were struggling as well when they came to the industry for the first time, there is no instant achievement in any business including gambling business.
Ending advertising campaign does not mean that they are not doing fine, you cant generalize it because every business has their own advertising budget and preferences on what to do.


Title: Re: Why do new online casinos struggle?
Post by: ralle14 on April 05, 2023, 01:27:04 PM
Which one do you think is better and has more healthy growth for a new online casino?

When it comes to the growth of a casino i'd assume the slow pace would be the better option because there's no rush in growing their casino. Going all out with advertisements can be risky and their budget is better spent somewhere else if they can only advertise for a short amount of time.

Some of the new online casinos struggle because of the current competition specifically against the top casinos, it's not easy to convince new and old gamblers when there are better casinos available.


Title: Re: Why do new online casinos struggle?
Post by: Wexnident on April 05, 2023, 01:37:30 PM
It depends on the initial state of the team. I mean if you have the funds for extravagant advertising, then why not? And with a proper advertising team, said costs would simply return itself by x times once the users come in. If you can't, well, slow and steady could also work, provided that the minimum income the casino receives is more than enough to handle the costs of it's running. Otherwise, it's only a matter of time before it dies down, like in your example.

This isn't to say that big casinos with money couldn't fail though, no. It simply means that their marketing strategy was a failure, and they didn't receive the feedback that they expected. Depending on how they plan this out initially, some casinos may have some fallbacks to rely on temporarily if they fail, while some just bulldoze ahead their way without any solid plan, so if it fails, well, they just die off. It's just like any other business imo.


Title: Re: Why do new online casinos struggle?
Post by: elevates on April 05, 2023, 01:37:55 PM
Not all online casinos struggle. If a casino has a big kitty for marketing then it will survive as well as thrive in this competitive market. Most companies won't disclose their problem. If you think a closure of an online casino is related to competition. I would say you are wrong. There are many reasons behind it none of those closed casinos would reveal the truth for shutting down.

The casino business was always competitive regardless of whether them being online or offline. There is nothing unique! Every casino provides the same games that will result in the same outcome. I have never read any casino posting negative earnings. Think before posting such a topic.


Title: Re: Why do new online casinos struggle?
Post by: Russlenat on April 05, 2023, 01:39:12 PM
The main factor behind the establishment of new casinos is budget. If a casino has enough budget and a solid business plan, they can take the necessary steps to develop their operations, including marketing and other expenses. However, it's important to balance the risks and be cautious, as the market is highly competitive. Slowly but surely can be a good strategy to avoid overspending and ensure long-term success.

Most new online casinos struggle at the beginning actually but as long as they know how to figure out the problem and solve it, they'll eventually be successful.


Title: Re: Why do new online casinos struggle?
Post by: ethereumhunter on April 05, 2023, 01:41:17 PM
The problem for a new casino is how they can introduce their casino to the public and attract the public to try to play in their casino. This depends on their marketing strategy as a new casino because if they can do it simultaneously, the casino will grow and get more people to play at the casino. For the first time, new casinos may find it difficult to compete with existing casinos because they are new ones that must attract people's attention. But if they can do a good promotion, the new casino can get more people playing at their establishment.


Title: Re: Why do new online casinos struggle?
Post by: EarnOnVictor on April 05, 2023, 01:42:32 PM
Of course, the casino business is becoming more competitive, hence the need for the new ones to have enough money to beat some of their competitors. This has to do with a very rigorous advertisement and promotion, or should I call it aggressive ones, and it needs a lot of money. Nonetheless, the advertisement should start even before the inception of the casinos, and this should go forward to the time it's introduced and afterwards to sustain it.

Aside from that, bonuses, perks and incentives in various categories should be considered. And of course, it should be better than the one in the prevailing market in terms of conditions and amount.

This should continue until the casinos get their stand, and they must add sincerity and integrity to their doings to keep their customers.


Title: Re: Why do new online casinos struggle?
Post by: CryptSafe on April 05, 2023, 02:01:36 PM
The problem for a new casino is how they can introduce their casino to the public and attract the public to try to play in their casino. This depends on their marketing strategy as a new casino because if they can do it simultaneously, the casino will grow and get more people to play at the casino. For the first time, new casinos may find it difficult to compete with existing casinos because they are new ones that must attract people's attention. But if they can do a good promotion, the new casino can get more people playing at their establishment.

Just as you have said, bonus is an added advantage for a new casino to use in attracting traffic to their casino website which would boast their presence to the larger audience but I think it for not just stop there. As a new casino, you are just joining the league of casinos already existing and wanting to contend with them as to remain relevance you would have to go extra miles in addition or adding more values to your casino Services which other casinos do not have. This is am added advantage you would have to attract the crowd to your direction because of the extra Services rendered as gamblers always want to see something new in the space and try it to see how it feels a like.

Atleast this would help the new casino to stand the test of time in the space .


Title: Re: Why do new online casinos struggle?
Post by: Peanutswar on April 05, 2023, 02:04:11 PM
In creating with the gambling industry most likely with the crypto is really takes some time-consuming and money for investment if you really want to start at the first place your team of developers, project managers, and marketing promotions already prepared to deal with your business, better to make your platform prepare before releasing the project that how does the QA works so once you release and the players found a bug you do not need to take more time just to justify those things again. Advertise your casino so tons of players to get attracted and enhance your casino to give them good feed back and responses to build your reputation.


Title: Re: Why do new online casinos struggle?
Post by: Agbe on April 05, 2023, 02:14:35 PM
There are different factors that can make a new casino to be struggling to survive in the casino space online. The number one reason is their capital and their response to customers complains. If the total money (the start capital) is not big enough, they would face challenges to pay gamblers wins and also it will be very difficult for them to carry advertisement/marketing to boost the moral of the people visiting the site. Then another thing that can also affect the casino is the response, if the response to customers are not favourable they would not tell good about the site to other gamblers to visit the site. But if these two factors are deal with and the promo bonuses on ground then within, one month that casino site would see traffic in the site.


Title: Re: Why do new online casinos struggle?
Post by: Fesatmas on April 05, 2023, 02:22:05 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

It's actually very easy to start a new gambling business, especially in gambling, maybe most gamblers always try the newest casinos. But yes, launch preparations must be well prepared to attract gamblers, place advertisements, a new user bonus system, referral bonuses to increase the attractiveness of gamblers. I think if you only have a small capital in preparation it will be quite difficult to develop in the gambling industry, maybe you need to look for additional investors to start with a better step than using funds from your own pocket which is very limited.


Title: Re: Why do new online casinos struggle?
Post by: m2017 on April 05, 2023, 02:42:49 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
I have no idea how best to operate the casino in order to attract new users and gain a foothold in this area. In my opinion, specialists should deal with these problems.

I assume that it is difficult for a new casino to break through the background of others for a very simple reason: a gambler would rather choose an old and well-known casino than a new one that may turn out to be a scam or close in a week, roughly speaking.

If I were a player, then I would ask questions:
- What can a new casino offer me that is unique? Most of the time it turns out to be nothing. With the exception of dubious bonuses, which are not easy to pick up.
- What do I lose by playing in new casinos? - The feeling of reliability and security that is provided by proven and familiar casinos.

It seems that the choice is obvious here, if you are not looking for thrills and are ready to expose your deposit to additional risks.


Title: Re: Why do new online casinos struggle?
Post by: YOSHIE on April 05, 2023, 03:09:15 PM
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
OP, I remember one of the sources I've read, about bankruptcy or as you said new casinos are quite difficult to develop.

The answer to the OP's question is very precise as it is in the answer below.

Quote
Getting big profits is one of the hopes for everyone who wants to open and run a business, whether it's the gambling industry etc. However, the business that is managed does not always run smoothly. Losses will also color the business trip.

It cannot be denied that in running a gambling business and other businesses, losses are certain to occur and become a risk that you inevitably have to go through. As a businessman, failure or bankruptcy can be a frightening image considering that not a little capital has been spent, both financial capital, time and energy.
For this reason, every business person must have a certain strategy in order to be able to prevent or be able to anticipate things that can trigger losses, whether it's advertising costs for gambling campaigns, other costs and so on.

In the quote above, we can draw one conclusion, a new casino is very different from a casino that has been operating for a long time, it can be caused by large costs, fairness and also the trust factor of users who want to gamble in new casinos, sometimes there are many new casinos that cannot afford to pay all fees because they rely a lot on money or profits from players alone, without having high capital, so the casino must be stopped.


Title: Re: Why do new online casinos struggle?
Post by: ShowOff on April 05, 2023, 03:22:40 PM
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
In reality, competition in the gambling industry is not as easy as it seems. I know that many casinos have had great success, while others have failed. All of these problems stem from the casino's own financial condition. If you have a large budget, there is a possibility that you will be able to compete in this industry in a healthy manner and last longer.

Promotion of forum, social media as well as cooperating with some sports teams will increase awareness of the service among people but I don't think it will determine great success but it can help the casino get the attention of many new users. To survive and compete in the industry, casinos must have big budgets, that is the first apart from their great services.


Title: Re: Why do new online casinos struggle?
Post by: masulum on April 05, 2023, 03:37:51 PM
In any business, there are some important points to consider.
1. Growth
2. Customers
3. Capital
4. Advertising and promotion
These 4 things are the core of a business that must go in one direction. When one of them doesn't work, the business will going fall. Casinos being quite a thriving business today, they fail to grow mostly because they don't get enough customers, capital, advertising & promotion. Most casino businesses will rely on the referral method at the start of launching to get customers. Strong capital support to provide special promotions for users so they are loyal. If there are no attractive promotions, of course it will be difficult to get customers. Business developments also affect results, with many online casinos today, competition for customers will be more difficult.


Title: Re: Why do new online casinos struggle?
Post by: Synchronice on April 05, 2023, 03:59:15 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
They struggle because there are casinos that have been in business for a very long time, have gained trust, have gained popularity, have established long-term partnership with celebrities and famous football/basketball clubs, have tremendously increased their capital and have a good profit. The years they put, the work they put, the time they put, the researches they have done, all the stress they have gone through with a success makes them to keep their top positions in this market.

When new casino enters the market, it has to gain a lot more capital than their competitors had to at past, they have to hire experienced developers, marketers, designers, researchers, especially in their niche, so, they have to attract employees of competitor companies and you know, this is very hard.


Title: Re: Why do new online casinos struggle?
Post by: qwertyup23 on April 05, 2023, 04:05:10 PM

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Personally, brand building is what new casinos should aim for. Sure, some new casinos may offer more bonuses than another competitor but if they lack the necessary brand trust and confidence, they would not be able to recruit more players in the process.

Rather than focusing on bonuses, an online gambling casino must focus on their internal issues (e.g. customer support service, etc.) in order to retain their old members and to recruit new members in the process.

Quote
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

Generally, online casinos struggle because they lack the necessary tools to recruit and maintain their playerbase. They are too focus on short-term profit that they end up destroying their image by themselves.


Title: Re: Why do new online casinos struggle?
Post by: danadc on April 05, 2023, 04:14:29 PM
The new casinos have problems because they must have a good capital, if there is no capital they try to take money from the players when they deposit and that is a very risky strategy, I do not recommend it because it is something very reckless to do, also a casino has many things to develop and what they have to do first is guarantee security, so that there are no chances of being hacked and the other thing that they have to do is have a secure payment network, that each payment or each withdrawal is instantaneous, not make manual withdrawals.


Title: Re: Why do new online casinos struggle?
Post by: Jody.Drummer on April 05, 2023, 04:25:21 PM
Things like this are actually quite clear, besides there really isn't anything that can be used as a reference for us in terms of performance and whether it's safe or not, on the other hand of course in terms of gambling I still feel that reputation is important. although indeed in this case the new casino is not all bad but for people who want more assurance especially in terms of reputation like me, I'd rather be in something that definitely feels safe for me from a reputation standpoint than try something that new.


Title: Re: Why do new online casinos struggle?
Post by: Yatsan on April 05, 2023, 04:26:19 PM
The competition is already big for online gambling casinos which I think is the biggest challenge for the new ones out there. Given that there are already a huge number of gambling sites existing, question for new projects, "what can you offer new to players?"
Because if it is games, rewards, and bonuses, there's plenty of platforms to do such thing. This simply dissolves the hype or simply somehow closes the door for new projects. But what kills the old ones are their service in general; the way they handle concerns of players which could be something to be improved by new sites. Problem is how would they be in the spotlight to give the improvement? Would be hard indeed.


Title: Re: Why do new online casinos struggle?
Post by: Odusko on April 05, 2023, 04:30:55 PM
The major reason why projects suffer set back is a lack of adequate funding and planning because a lot of cryptocurrency based casino that is start-ups do so with nothing on the ground to fund their activities so that, so they lose out on a lot of things such as adequate marketing and another aspect that could help generate long term players to their site and this has become a big challenge for start-ups a lot of them lately have become desperate to generate revenue to operate.
One of the most challenge that could also face is the issue of market volatilities, since there have been constant hacks and market disruptions that could affect a lot of new casino most especially those that have their hot wallets in Bitcoin and there is a drastic downturn in Bitcoin price it could affect their operations.


Title: Re: Why do new online casinos struggle?
Post by: Strongkored on April 05, 2023, 04:35:08 PM
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
Because gambling site owners think that owning a casino is like a certainty of getting profit and thinking that the profit earned will be used to continue to develop their business by advertising and all kinds of marketing to attract lots of players there, but in reality starting a casino is not as easy as you think because the capital they have can run out without producing anything good, because people will come and play on new gambling sites not only because they want to get attractive promotions but also different things if they don't find something special then they will return to the old casino because it has been proven reliable . Also, with intense competition, if you think about promoting using profit, the casino will fail, so if you don't have enough capital, it's better not to start.


Title: Re: Why do new online casinos struggle?
Post by: Coin_trader on April 05, 2023, 04:40:05 PM
Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Doing this will surely a loss for the company because casino business has a lot of operating cost that being paid fixed amount such as employee salary, license, software and maintenance. Playing a slow game on a saturated business industry will not gonna give you any chance of success.

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?


All-in is a terrible word to use because doing this will make your business just a gambling. Marketing should be planned on long term basis and not in one shot. Not slow but consistent effective marketing is the key to success like what big casino is doing here in the forum. They launch signature campaign with high pay rate to employed those quality poster to advertise their brand. Most of them runs there campaign for more than a year an pays a lot. These casino are the one that being successful compared to those that doing a short term marketing without even considering planning their budget for long term.

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

Easy, Competition. Due to tough competition, Sometimes casino is just burning money on marketing without achieving any significant result due to poor marketing plan and insufficient budget. Most the reputable casino invest million of dollars fund which small casino can’t afford to spend. This always the main factor why many casino failed.


Title: Re: Why do new online casinos struggle?
Post by: BobK71 on April 05, 2023, 04:54:42 PM
The competition is already big for online gambling casinos which I think is the biggest challenge for the new ones out there. Given that there are already a huge number of gambling sites existing, question for new projects, "what can you offer new to players?"
Because if it is games, rewards, and bonuses, there's plenty of platforms to do such thing. This simply dissolves the hype or simply somehow closes the door for new projects. But what kills the old ones are their service in general; the way they handle concerns of players which could be something to be improved by new sites. Problem is how would they be in the spotlight to give the improvement? Would be hard indeed.
Agreed, i think as an established casino business has a high profit margin, it also requires a lot of upfront expenses before it gets established. For those interested in setting up a new casino, I would say that the campaign or promotion should be run continuously since the site is ready also the competition is more intense now a lot of money has to be spent on advertising. Money spent on campaigning should be considered an investment. It will expand as the campaign progresses. The new site has to offer good benefits to the gambler compared to other casinos in the market. When establishing a new casino, various problems may arise and should be tried to be solved quickly.


Title: Re: Why do new online casinos struggle?
Post by: Dunamisx on April 05, 2023, 05:06:54 PM
Not only do new casinos struggles but any new establishment have to pass through this stage because it's a new start up and people need time to find trust in them, they also need time to proof how reputable they are, they also need time to get gamblers attracted to their casinos, they have to participate in various campaigns, adverts and many more means they can use to get gamblers aware of their casino, this is one of the reasons why you find out that casinos make referral bonus to give those that help them bring in new gamblers.


Title: Re: Why do new online casinos struggle?
Post by: Outhue on April 05, 2023, 05:27:08 PM
There are too much competition around online casinos and many new online casinos are still showing up, the problem starts when they aren't getting enough attention they need, all they have to do is work on themselves, new online casinos now need to be more attractive to online gamblers than other online gambling platforms.

Even scam projects are fond of using good bonuses or staking rewards to lure newbies, this will be a lot easier for online casinos to do, it is part of the business and they have the money to do it, surely it's going to take time to build their reputation to get a load of gamblers trying out their new casino.

It is part of the challenges and if they really want to be one of the best online casinos they won't make an excuses about how hard it is to attract people to their platform, it's already part of the hustle.


Title: Re: Why do new online casinos struggle?
Post by: Slow death on April 05, 2023, 06:51:37 PM
Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

I think that in the case of a new casino it is more prudent for the casino to be very cautious at each stage, for example the first stage the casino would be being built, so it makes no sense to pay for advertising or to be publicizing a new casino that it would still be under construction, this would not be good for the casino's reputation in the long term, the casino owner has to be a patient person, and fulfill each step, he has to finish the construction of the casino, then hire employees and do a lot of tests since security of the casino and the minimum time that the support guys take to solve a customer problem, these tests are important, after that you can start the marketing part

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

I think that in the case of a new casino it is more prudent for the casino to be very cautious at each stage, for example the first stage the casino would be being built, so it makes no sense to pay for advertising or to be publicizing a new casino that it would still be under construction, this would not be good for the casino's reputation in the long term, the casino owner has to be a patient person, and fulfill each step, he has to finish the construction of the casino, then hire employees and do a lot of tests since security of the casino and the minimum time that the support guys take to solve a customer problem, these tests are important, after that you can start the marketing part
 
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

to be honest I didn't see any case of fights between casinos, so I don't know anything about it, just for curiosity's sake, can you say which are these casinos that fought each other?


Title: Re: Why do new online casinos struggle?
Post by: livingfree on April 05, 2023, 06:52:00 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?
It's a mix thing for me, a new casino should have enough budget to cover everything and there's no need to raise any money that they'll be hoping to be used as their capital. They should be capital-ready because that's what gamblers want, to be assured that they've got money for everything. The bankroll, the marketing, advertisements and all of it and that shall cover their slow growth and if it clicks that they've managed to make a quick growth then that's better result.

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
Budget constraints and that's why they need to cut their campaigns. And for those new casinos that are struggling, they probably have been overwhelmed with the challenges that they never anticipated to deal.


Title: Re: Why do new online casinos struggle?
Post by: CryptSafe on April 05, 2023, 07:33:31 PM
The competition is already big for online gambling casinos which I think is the biggest challenge for the new ones out there. Given that there are already a huge number of gambling sites existing, question for new projects, "what can you offer new to players?"
Because if it is games, rewards, and bonuses, there's plenty of platforms to do such thing. This simply dissolves the hype or simply somehow closes the door for new projects. But what kills the old ones are their service in general; the way they handle concerns of players which could be something to be improved by new sites. Problem is how would they be in the spotlight to give the improvement? Would be hard indeed.

You know when a big casino feels they have arrived, they begin to ignore their customers forgetting that the customers made them achieved that great fit. These sometimes leads to down fall of some casinos when the people that made them great start  to take away their support from them they start crumbling and begin to do give away bonuses and lots more to attract them back but only the new ones that have no idea would fall so easily to that trapp by rushing to get registered when they do get registered and find their wallets, they start acting up frustrating their new members.


Title: Re: Why do new online casinos struggle?
Post by: passwordnow on April 05, 2023, 07:37:21 PM
It is not guaranteed that every business to thrive and even though the gambling industry is known to be a $54B market, still, there's a tough competition for it. Thinking of having every casino have a share in the entire industry, there goes the fiat and as well as crypto casinos.
While gamblers will go to the trusted ones and proven to be reliable, as someone who wants to get an assurance and tested casino, I'll choose them rather than test a new one unless I'm feeling that I should check them out.


Title: Re: Why do new online casinos struggle?
Post by: abel1337 on April 05, 2023, 07:39:00 PM
The competition is already big for online gambling casinos which I think is the biggest challenge for the new ones out there. Given that there are already a huge number of gambling sites existing, question for new projects, "what can you offer new to players?"
Because if it is games, rewards, and bonuses, there's plenty of platforms to do such thing. This simply dissolves the hype or simply somehow closes the door for new projects. But what kills the old ones are their service in general; the way they handle concerns of players which could be something to be improved by new sites. Problem is how would they be in the spotlight to give the improvement? Would be hard indeed.
That's true! Crypto casino industry is very saturated nowadays and new casino are being born everyday and gamblers are not increasing as much as casino increased. It is hard to stand out on on crypto casino industry right now because you need to do something that makes you different or have a characteristic unique to you that gamblers will go back to you over old casinos. Old casinos that has good reputation are trying their best to offer more for their loyal gamblers and also maintain the service that they offer consistently. Normally new casino will offer a good promotion to attract gamblers but I think in today standards, It isn't not much as effective as it was before.


Title: Re: Why do new online casinos struggle?
Post by: Ryu_Ar1 on April 05, 2023, 07:40:42 PM
Advertising is still very possible to boost their popularity in this case because it is quite clear that when they succeed in making their advertisements last a certain amount of time then the possibility of them being seen will also be very real.
On the other hand this is also to grow reputation because of course apart from those who do have to make a good casino reputation is also quite important and in this case when they successfully continue to run advertisements and successfully pay for it then indeed it can also be a more condition where they have money to run their business and gamblers certainly don't need to worry too much even though the risk is still there.


Title: Re: Why do new online casinos struggle?
Post by: Fivestar4everMVP on April 05, 2023, 07:43:24 PM
The competition is already big for online gambling casinos which I think is the biggest challenge for the new ones out there. Given that there are already a huge number of gambling sites existing, question for new projects, "what can you offer new to players?"
Because if it is games, rewards, and bonuses, there's plenty of platforms to do such thing. This simply dissolves the hype or simply somehow closes the door for new projects. But what kills the old ones are their service in general; the way they handle concerns of players which could be something to be improved by new sites. Problem is how would they be in the spotlight to give the improvement? Would be hard indeed.

You know when a big casino feels they have arrived, they begin to ignore their customers forgetting that the customers made them achieved that great fit. These sometimes leads to down fall of some casinos when the people that made them great start  to take away their support from them they start crumbling and begin to do give away bonuses and lots more to attract them back but only the new ones that have no idea would fall so easily to that trapp by rushing to get registered when they do get registered and find their wallets, they start acting up frustrating their new members.
Well, you are right, but I've not come across such casino, though I am not saying they are not around, but at least, haven't seen such one on this forum..
Every big casino today had their humble beginning, and only a casino managed by ignorant, arrogant individuals will forget how they began and how they became great.
A wise man said, "what ever good you were doing when greatness found you, don't stop doing that thing", if greatness found you while you were kneeling down, keep kneeling and never stand up, if greatness found you in the place of humility, then never stop being humble, even to a kid..

Only casino CEOs who has no sense will allow pride rob them off the glory they've initially achieved, remember they say pride goes before destruction.


Title: Re: Why do new online casinos struggle?
Post by: Hamphser on April 05, 2023, 07:45:13 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
When you are just a new business on this industry or whatever you do belong out then having that start up would be the always biggest and hardest challenge on which on how you would really be able to get your first costumer or player on which it is really that tough on getting communities or market trust when it comes to your services or things been offering.If we do speak about marketing then it shouldnt really be that going on all in nor really not putting up focus into this since exposure is really that important but bare in mind that the most important thing is on the service or offering you do give out.Marketing is useless even on how extravagant or generous it would be but the thing you do offer is shit then it would be no use or totally failed up in the end.This is why its important that you should really be having that main consideration
specially on running a business.


Title: Re: Why do new online casinos struggle?
Post by: Fortify on April 05, 2023, 08:19:44 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

Sometimes it's not an option to "take it slow" when it comes to building up an online casino. It worked at the beginning of the cryptocurrency craze, when it was still a new eco system and it was not achieving the full attention of everyone. In the current age however, it's very hard when you are dealing with financial transactions to avoid all the security, privacy and technical complications that come with it. If you're starting off slow and with low technical knowledge, you could be one blunder away from losing depositor money overnight and resetting any hard work to zero. Which means you have to be able to hire specialists and structure your website in a way that can fend off things like DDOS attacks, so it starts to get very expensive very quickly. The alternative is you can fall over rather quickly when you catch the attention of the wrong people and wipe out lots of hard work.


Title: Re: Why do new online casinos struggle?
Post by: dezoel on April 05, 2023, 08:20:54 PM
New casinos struggle mainly because they lack a proper business plan, and no business is sustainable if it hasn't been planned beforehand and things aren't done the way they were supposed to be done. The very first and most important thing is to design your business to meet the interests and requirements of the audience you are about to target, and then use proper marketing techniques to get your business to your target audience.

The growth of your business will depend on your initial marketing and how people react to it, if it isn't done properly and people don't really get interested, it is more likely for the business to go downhill from there, and if it works and does the job, there will be steady growth over time if they continue their campaigns with required changes and updates.


Title: Re: Why do new online casinos struggle?
Post by: Wiwo on April 05, 2023, 08:27:23 PM
Advertising is still very possible to boost their popularity in this case because it is quite clear that when they succeed in making their advertisements last a certain amount of time then the possibility of them being seen will also be very real.
On the other hand, this is also to grow reputation because of course apart from those who do have to make a good casino reputation is also quite important and in this case when they successfully continue to run advertisements and successfully pay for it then indeed it can also be a more condition where they have money to run their business and gamblers certainly don't need to worry too much even though the risk is still there.
One of the ways most new casinos have built a presence in the space is truly through advertising and a lot of them are so consistent in the advertising that their run it for many years just to make sure they maintained steady contact with the desired audience and client, it is not only on that that a casino can but or avoid struggling in the market another way is t bonus offering and other loyalty programmes that are aimed at improving the overall status of the casino.

* we have a couple of pf casinos that started on that note and their presence has to remain visible without relenting take a stake.com for example, if you have been following their development right from time even though most of us were not here in the forum when they started but going through old discussions on their thread you will discover that their motivation and continuity have sustained them till thos very moment.

*So any new project that wishes to follow through in their footstep can always tap into the blueprint and keep working hard to make the dream reality.


Title: Re: Why do new online casinos struggle?
Post by: South Park on April 05, 2023, 08:39:08 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
They have to go all-out when it comes to their marketing, the gambling industry has a huge level of competition and if a casino does not advertise then the number of clients they will get will be very low, now it is true that this is very costly but there is no other way, many business are not profitable during their first year of operation so not only those casino need to advertise strongly but they need to do so even when presenting losses, otherwise if they maintain their marketing campaign for a short amount of time then no one will remember them in just a few weeks.


Title: Re: Why do new online casinos struggle?
Post by: DoublerHunter on April 05, 2023, 08:46:00 PM
The competition is already big for online gambling casinos which I think is the biggest challenge for the new ones out there. Given that there are already a huge number of gambling sites existing, question for new projects, "what can you offer new to players?"
Because if it is games, rewards, and bonuses, there's plenty of platforms to do such thing. This simply dissolves the hype or simply somehow closes the door for new projects. But what kills the old ones are their service in general; the way they handle concerns of players which could be something to be improved by new sites. Problem is how would they be in the spotlight to give the improvement? Would be hard indeed.
^Becaus there are too many of them, just like hundreds of them and it is natural to have a competition.
New online casinos often struggle because of intense competition in the industry, regulatory challenges, and difficulty in building trust with potential customers. By taking the time to raise funds and build a solid infrastructure before launching a full-scale advertising campaign, a new online casino can improve its chances of success by ensuring that it has the necessary resources and infrastructure to support its growth and advertising is an important factor of any online casino's marketing strategy, and it is tough for them to get the word out to potential customers.


Title: Re: Why do new online casinos struggle?
Post by: aioc on April 05, 2023, 09:22:18 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?
Marketing will make a huge impact on the presence of new online casinos but reputation is everything I have seen in new casinos going massive marketing including launching a signature campaign but stopping it because they lose their steam because of lack of good features and losing their reputation because of the many complaints, features, and reputations are everything if they are going to go all out in their marketing be sure they have what the gamblers are looking for.

Quote
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
The online casino business is very competitive, newly launched casinos should have something better to offer than well-established casinos, and they should be active in their announcement thread, addressing concerns and addressing issues.


Title: Re: Why do new online casinos struggle?
Post by: Cling18 on April 05, 2023, 09:32:38 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?
Marketing will make a huge impact on the presence of new online casinos but reputation is everything I have seen in new casinos going massive marketing including launching a signature campaign but stopping it because they lose their steam because of lack of good features and losing their reputation because of the many complaints, features, and reputations are everything if they are going to go all out in their marketing be sure they have what the gamblers are looking for.

Quote
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
The online casino business is very competitive, newly launched casinos should have something better to offer than well-established casinos, and they should be active in their announcement thread, addressing concerns and addressing issues.

Reputation has a huge point and it is the main thing that most gamblers are looking for. If a casino has a good reputation, it can provide good services and promising performance. People now prefer top casinos because of their feedback and reviews so it is very challenging for new casinos to attract players no matter how hard they try to apply an effective marketing strategy. 


Title: Re: Why do new online casinos struggle?
Post by: Mahanton on April 05, 2023, 09:44:43 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?
Marketing will make a huge impact on the presence of new online casinos but reputation is everything I have seen in new casinos going massive marketing including launching a signature campaign but stopping it because they lose their steam because of lack of good features and losing their reputation because of the many complaints, features, and reputations are everything if they are going to go all out in their marketing be sure they have what the gamblers are looking for.

Quote
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
The online casino business is very competitive, newly launched casinos should have something better to offer than well-established casinos, and they should be active in their announcement thread, addressing concerns and addressing issues.

Reputation has a huge point and it is the main thing that most gamblers are looking for. If a casino has a good reputation, it can provide good services and promising performance. People now prefer top casinos because of their feedback and reviews so it is very challenging for new casinos to attract players no matter how hard they try to apply an effective marketing strategy. 
Reputation is something that cant really be built overnight or 1 day which is something that it does really takes a long time or could be short depending on how you would be running off the business.We do know that there are several factors which are mainly be needed to sustain for you to have that successful business and we know that in every business, there would really be risks involved.Doesnt mean that gambling industry
is growing and profitable which not all does really have the chance on getting that marketshare.This is why when trying out to build up a business then these are the main considerations which
you would need to comply on.


Title: Re: Why do new online casinos struggle?
Post by: coin-investor on April 05, 2023, 09:45:28 PM
Online casino business can not be built in a day it takes time and effort and the whole team focus on building their presence whether they do massive marketing when they launched or do it later, the most important is making sure that they have everything in place like support are great, deposit ad withdrawals are functioning 24/7 and the representative doing their job addressing issues, marketing is always good but users' experience counts the most.
A new online casino should be stable and consistent throughout its existence, it takes time to build a reputation and only a day to ruin it.


Title: Re: Why do new online casinos struggle?
Post by: goaldigger on April 05, 2023, 09:49:36 PM
Its normal on any business and even if you planned well for this there are things that is still out of control and for a new casinos, they should endure that challenges and survive on that. The hardest thing are usually happens during the early stage, once you are able to know how to deal with it there’s also a higher chance for you to be on a good side so if you mean business here, you should not give up right away. Anyway, we’re talking about real projects here, because if those new casinos are just a scam project don’t expect them to last.


Title: Re: Why do new online casinos struggle?
Post by: piebeyb on April 05, 2023, 10:06:07 PM
if they want to be famous of course at the start they already have enough funds for campaigns and promotions welcome bonuses for new users to attract new users to gamble, but very few casinos have money at the start most of them do fundraising profit sharing with people in this forum but that doesn't help attract investors to invest in this forum, moreover reputation is very necessary also trust, to be honest it's hard to make a famous casino if you don't have the money to run it.


Title: Re: Why do new online casinos struggle?
Post by: AmoreJaz on April 05, 2023, 11:36:21 PM
if they want to be famous of course at the start they already have enough funds for campaigns and promotions welcome bonuses for new users to attract new users to gamble, but very few casinos have money at the start most of them do fundraising profit sharing with people in this forum but that doesn't help attract investors to invest in this forum, moreover reputation is very necessary also trust, to be honest it's hard to make a famous casino if you don't have the money to run it.

the competition is already tough as there are already existing reputable casinos. so it is hard to penetrate the business if you are not ready for it. this is why only those casinos with good bank roll and have enough funds with their marketing can compete with existing ones. remember, you need to offer something to these gamblers so they would take a look on your site. otherwise, they are just happy to where they are playing with, if they are not experiencing any issues.


Title: Re: Why do new online casinos struggle?
Post by: Bitinity on April 06, 2023, 12:59:56 AM
Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements? Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Going to slow is not good but go all in on advertisement since the launch is also not wise to do. It is hard to choose which one is better between these 2 things because any business is not only about advertisement. There are so many other aspects that will make a business survive for long time such as:
- On site promotions (regularly)
- Available games to play
- Customer Service
- Loyalty/VIP program
- Great UI/Design
- Payment methods and its related things (fee and speed).
- and some others

All in all, advertisement is not the only thing that decide a business will be successful or not. Advertisement is only one of the many important aspects should be done by any business in order to success.


Title: Re: Why do new online casinos struggle?
Post by: yahoo62278 on April 06, 2023, 01:38:10 AM
When you have 5000 casinos all fighting for the same customers, you're gonna see the little guy struggle. Being a new casino, you have to offer something better than the competition and take all their players from them. Then instead of 2500 players spread across 5000 casinos, you can start taking players from other casinos. If you're not offering anything better than the competition, why would anyone want to switch?


Title: Re: Why do new online casinos struggle?
Post by: Alphie12 on April 06, 2023, 02:14:27 AM
1. Spend a lot of money advertising with bad ROI for casino or bad odds for sports to make the money back. Players will lose big betting.
2. No advertisement but have very competitive ROI or great odds to entice players. Players lose at a smaller rate but the casino saved on advertising.


Title: Re: Why do new online casinos struggle?
Post by: Nrcewker on April 06, 2023, 02:24:19 AM
First of all never open a casino, if you don’t have a good bankroll. Opening and running a casino takes too much effort and money. Moreover if you see today then there is heavy competition among the casinos, now here if you want to survive and leave the rest behind then you have to do really something extraordinary. Also don’t forget the fact that marketing and promotions are always the heroes to attract potential gamblers to the site. If you don’t have enough funds, then no gambler will play on the site only. So according to me both the ways you mentioned above are useless. The casino should raise investments first then should think of operating for the gamblers.


Title: Re: Why do new online casinos struggle?
Post by: noorman0 on April 06, 2023, 03:18:18 AM
-snip-
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

There's no reason to stick with an advertising method that doesn't give them something in return that increases their stats. It was discovered after several evaluation processes which then resulted in several analyses. Not all forum or gambling community advertisements give good results for the casino even though it is very relevant, it can happen if the casino services offered do not meet the service criteria to compete with other brands that advertise in that place.


Title: Re: Why do new online casinos struggle?
Post by: adzino on April 06, 2023, 04:07:24 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
Have you seen how many casino's are out there and how many new casinos pop up everyday? The competition makes it tough for new online casinos. The number of new casinos that "scam" their players is higher than the legit casinos. So this also makes it hard for new legit casinos, because player usually like to avoid those casinos because of the chance of getting scammed.
The casinos have got to build trust with players, which can take time and patience. Casinos that are consistent and values player feedback are the ones that are likely to be more successful. And they should also focus a lot on advertisements and promotion of their casino if they wish to succeed.


Title: Re: Why do new online casinos struggle?
Post by: btc78 on April 06, 2023, 04:52:09 AM
there is nothing to choose if I were to decide because in the end? it is their service and operation that will let people stays in their site because there are other casino that do a serious and big advertising but in longer time ending up becoming scammer for what their reason is ? still they did what happened.
and those who has slow moving project mostly has no total capital so they have to do such and that will also show what is their capacity is.
so struggling is normal in business mate so let them do what is necessary and maybe the players will decide about their faith.


Title: Re: Why do new online casinos struggle?
Post by: pakhitheboss on April 06, 2023, 04:52:53 AM
A new casino will always fail if the owners are looking for profits from day one. As casino scams are quite common in the online era not everyone will believe in a new casino. The need to first build trust and work on marketing. These things take time and also need good investments. This is why the casino business is not that easy. I guess this might be the reason why most online casinos cease to exist after a year or two.


Title: Re: Why do new online casinos struggle?
Post by: Solosanz on April 06, 2023, 05:00:42 AM
Because new casino can't compete against big and popular casino, if they're not offering something new and convince the new gambler, how can they make old gambler shift from old casino to gamble on new casino?

Casino is a business, so they need to deal if they're not making money in the first few years, it's normal and they need to keep developing their casino.

Be friendly with the gambler and offer an interesting promotion, it will attract new gambler.


Title: Re: Why do new online casinos struggle?
Post by: BobK71 on April 06, 2023, 05:40:44 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?
Marketing will make a huge impact on the presence of new online casinos but reputation is everything I have seen in new casinos going massive marketing including launching a signature campaign but stopping it because they lose their steam because of lack of good features and losing their reputation because of the many complaints, features, and reputations are everything if they are going to go all out in their marketing be sure they have what the gamblers are looking for.

Quote
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
The online casino business is very competitive, newly launched casinos should have something better to offer than well-established casinos, and they should be active in their announcement thread, addressing concerns and addressing issues.

Reputation has a huge point and it is the main thing that most gamblers are looking for. If a casino has a good reputation, it can provide good services and promising performance. People now prefer top casinos because of their feedback and reviews so it is very challenging for new casinos to attract players no matter how hard they try to apply an effective marketing strategy. 
To establish new casinos they have to spend a lot of money which is often not possible with some new casinos. When an organization provides enough facilities to the users and conducts all the activities according to their needs, then that new gambling site will create stirring among all at a stage when its reputation spreads, the gambler's attraction towards it increases. Achieving this reputation is not possible in a short period of time. From the beginning, various types of campaigns have to be done over a long period of time. Various complications arise when a new site is not able to operate successfully until the moment it is established.


Title: Re: Why do new online casinos struggle?
Post by: Kakmakr on April 06, 2023, 05:57:34 AM
I think a lot of these small casinos are not using marketing money effectively, so they waste a marketing budget on worthless advertising that are not showing any good returns.

A few years ago, I was part of a small startup business... and they made the same mistakes. They kept on dumping money on advertising that were not directly focused on their target market and it was also very expensive. They soon ran out of money and the business closed down.

A small casino has to monitor the outcome of each marketing strategy and make sure that it is focused primarily towards their target market. 


Title: Re: Why do new online casinos struggle?
Post by: Mr. Magkaisa on April 06, 2023, 06:12:59 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

    -  The other casinos that are new to this industry, their campaign methods are different, the others are doing a signature campaign to advertise their gambling platform through their banner and avatar.

And others are hiring translators to promote their gambling platform in different countries as well, and others are on Facebook and Twitter and Telegram then they also hire content creators to their projects.


Title: Re: Why do new online casinos struggle?
Post by: delfastTions on April 06, 2023, 07:04:58 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

    -  The other casinos that are new to this industry, their campaign methods are different, the others are doing a signature campaign to advertise their gambling platform through their banner and avatar.

And others are hiring translators to promote their gambling platform in different countries as well, and others are on Facebook and Twitter and Telegram then they also hire content creators to their projects.
Of course, advertising methods are different, but they can basically be divided into several main areas, such as advertising on social networks, advertising through referral links, hidden advertising in YouTube videos, and so on.  
Spending budgets for all advertising programs in general can be gigantic and casino devs have to constantly look for the best methods of advertising their casino.  By the way, subscription campaigns on our forum of several well-known casinos are also quite a successful method of advertising, as I think.  
But in any case, first of all, the information that the new casino has opened and is operating successfully and that it has an excellent set of bonuses and promotions for players is important.  These two statements are the basis for the successful promotion of any new casino.  
And the task of marketers is to make as many people as possible learn about the casino itself and about such interesting offers.


Title: Re: Why do new online casinos struggle?
Post by: ethereumhunter on April 06, 2023, 10:39:16 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

    -  The other casinos that are new to this industry, their campaign methods are different, the others are doing a signature campaign to advertise their gambling platform through their banner and avatar.

And others are hiring translators to promote their gambling platform in different countries as well, and others are on Facebook and Twitter and Telegram then they also hire content creators to their projects.
New online casinos can find it difficult to compete with existing casinos because the old casinos already have loyal members who often play at their casinos. But new online casinos have to provide something different from the old ones so that people will try it. Maybe promoting the platform on Facebook, Twitter, and other social media platforms will help the new online casino gain new customers. But the new online casino really needs to try every way to get its new members.


Title: Re: Why do new online casinos struggle?
Post by: Jating on April 06, 2023, 11:21:26 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

I think if you are starting in any kind of business, you need to full blast it out in the beginning. Meaning you need to promote, advertised it so that customers will come to you doorstep. You don't need to take it slow as this is a very cut throat business and the only best survived.

As you have seen when there are a lot of casinos that open in 2020 and up to know they are in the business and still have their signature campaign here. Thee are even as old as like Stake who still promote as well. So it's a ongoing campaign for them to keep them afloat and on top of the competition.


Title: Re: Why do new online casinos struggle?
Post by: _act_ on April 06, 2023, 12:35:35 PM
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
If you are referring to gambling sites signature campaign on this forum, you will see some campaigns that have ended, but if you check the gambling site traffic, they still have much traffic and maybe they are active on other online social places.

If a gambling site close down, that means he did not start the budget well or they are doing something to discourage their customers and they are rating the gambling site bad.


Title: Re: Why do new online casinos struggle?
Post by: Johnyz on April 06, 2023, 12:47:21 PM
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
They are lack in funding and marketing strategy, most of them also don't have a decent team to handle the project and the result is too bad for them. New casinos will face a lot of challenges in this market, there's a lot of competitor they should have a niche towards this business or else they will just be an ordinary casino with small to no players at all. Also, gamblers wants a secured site that's why they remain loyal to the top site, this can be a big challenge for a new casino as well.


Title: Re: Why do new online casinos struggle?
Post by: AHOYBRAUSE on April 06, 2023, 12:52:10 PM
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
They are lack in funding and marketing strategy, most of them also don't have a decent team to handle the project and the result is too bad for them. New casinos will face a lot of challenges in this market, there's a lot of competitor they should have a niche towards this business or else they will just be an ordinary casino with small to no players at all. Also, gamblers wants a secured site that's why they remain loyal to the top site, this can be a big challenge for a new casino as well.

Not only that, I think another big problem is reputation. In the past year we have seen a lot of complaints and scam accusations against new casino sites which actually proved to be right and the whole casino was just a short term cash grab scam.

Nowadays it's not that hard to buy some code and a site and then you are ready to welcome customers aka victims.

Some sites here were already red tagged after a couple of months and people don't forget that.
What would you rather do, take the risk and try a new site or just use the more established ones? I guess the answer is clear.

Unless there are big incentives going with low risk in my opinion no new casino actually stands a chance against the big league sites.


Title: Re: Why do new online casinos struggle?
Post by: mak013 on April 06, 2023, 12:52:34 PM
Any new casino has several ways of growing up. The promotion is only one of them. And i don`t sure that new casino has no other problems except promotion.
For some of them it would be better to have small quantity of gamblers at start. It can help them to fix bugs, check equipment, work with gamblers feedback. And only after all these events spend money for marketing.


Title: Re: Why do new online casinos struggle?
Post by: Fivestar4everMVP on April 06, 2023, 01:03:59 PM
Any new casino has several ways of growing up. The promotion is only one of them. And i don`t sure that new casino has no other problems except promotion.
For some of them it would be better to have small quantity of gamblers at start. It can help them to fix bugs, check equipment, work with gamblers feedback. And only after all these events spend money for marketing.
You are very correct, but then again, it is actually very rare to see a casino that started out their gambling business with lots of customers,  every casino starts with only a few customers, this is not something that is peculiar with casinos alone, it is almost same for every business, this is because at the very start, casinos have to first prove their legitimacy first and seriousness, this is how gamblers begin to trust them and they(the casino) start building out their reputation, when trust has been fully established and customers are not longer doubtful of them, at this point, if the casino is still struggling with few customers, it's time for them to employ heavy marketing and promotions.


Title: Re: Why do new online casinos struggle?
Post by: CryptSafe on April 06, 2023, 02:25:19 PM
Any new casino has several ways of growing up. The promotion is only one of them. And i don`t sure that new casino has no other problems except promotion.
For some of them it would be better to have small quantity of gamblers at start. It can help them to fix bugs, check equipment, work with gamblers feedback. And only after all these events spend money for marketing.
You are very correct, but then again, it is actually very rare to see a casino that started out their gambling business with lots of customers,  every casino starts with only a few customers, this is not something that is peculiar with casinos alone, it is almost same for every business, this is because at the very start, casinos have to first prove their legitimacy first and seriousness, this is how gamblers begin to trust them and they(the casino) start building out their reputation, when trust has been fully established and customers are not longer doubtful of them, at this point, if the casino is still struggling with few customers, it's time for them to employ heavy marketing and promotions.

There is a saying that says "a journey of a thousand miles starts with just a step" owning a casino is just like you preparing for a journey after that, your journey into the gambling world begins because there have been some people there before you in the race to be amongst the first ten best casinos when mentioned in the world. Just as you have said that casino would need to prove their legitimacy first before anything which I concur with you because at first gamblers would be sceptical about the casino when it happens that it is a new one and not popular in the space. They would need to go extra miles to prove their relevance and credibility so as to remain in competition with other bigwigs in the industry which would require them to being constant and consistent because they want to be known and as a result, this would mean a big campaign for publicity and awareness too.


Title: Re: Why do new online casinos struggle?
Post by: KiaKia on April 06, 2023, 02:27:36 PM
Every businesses struggles, and that's impossible to avoid, the developers should understand that they are up for some challenges against so many good reputable online gambling platforms, the new casino is not the first, and they won't be the last either.

They need to ask themselves what will make their platform look attractive to gamblers. That's on them to figure it out, it's not going to be easy, they can spend a lot on the advert and only see very low results, they must be dedicated to succeeding at all costs, and they must take things slow.

Building a reputation takes time if they managed to run the business for a long time and nothing bad is been said about the company, people will start to trust them. You simply can't win the mind of customers in a single day, it always takes time.


Title: Re: Why do new online casinos struggle?
Post by: iv4n on April 06, 2023, 02:39:27 PM
...
Why do new online casinos struggle?

Lack of funds... it's not easy to start from the beginning with small capital. And it's not like that cash will start coming from the start, it takes time to attract players, especially high rollers, and to build trust. Every start is hard, but starting with less money makes everything even harder. Many can't keep up and that gets you in the position to make choices and cuts if they wish to survive and continue working.

It's the same with every new online/offline business. In my town, they say "It's hard to make the wheel spinning, but once you do it will start bringing profits."  It's hard and takes time (sometimes even years depending on many factors), and simply many fail in that process for some reason.


Title: Re: Why do new online casinos struggle?
Post by: BVeyron on April 06, 2023, 03:54:08 PM
Any new casino has several ways of growing up. The promotion is only one of them. And i don`t sure that new casino has no other problems except promotion.
For some of them it would be better to have small quantity of gamblers at start. It can help them to fix bugs, check equipment, work with gamblers feedback. And only after all these events spend money for marketing.
You are very correct, but then again, it is actually very rare to see a casino that started out their gambling business with lots of customers,  every casino starts with only a few customers, this is not something that is peculiar with casinos alone, it is almost same for every business, this is because at the very start, casinos have to first prove their legitimacy first and seriousness, this is how gamblers begin to trust them and they(the casino) start building out their reputation, when trust has been fully established and customers are not longer doubtful of them, at this point, if the casino is still struggling with few customers, it's time for them to employ heavy marketing and promotions.

There is a saying that says "a journey of a thousand miles starts with just a step" owning a casino is just like you preparing for a journey after that, your journey into the gambling world begins because there have been some people there before you in the race to be amongst the first ten best casinos when mentioned in the world. Just as you have said that casino would need to prove their legitimacy first before anything which I concur with you because at first gamblers would be sceptical about the casino when it happens that it is a new one and not popular in the space. They would need to go extra miles to prove their relevance and credibility so as to remain in competition with other bigwigs in the industry which would require them to being constant and consistent because they want to be known and as a result, this would mean a big campaign for publicity and awareness too.

And also there is a problem with online casino that in most countries all the gambling industry is either forbidden, or heavily restricted. Most laws in the world concerning the market were written in the era of non-online casinos. So now, with the appearance of vast amounts of online casinos, the need to somehow stabilize law definitions and rearrange licensing algorithms arises. To encourage the rearrangement of laws, there should be many casino owners.


Title: Re: Why do new online casinos struggle?
Post by: danadc on April 06, 2023, 04:07:48 PM
The beginning of any business will always be very hard and that is something that is known, business owners should know that when they start they will not have the benefits they want, it may be that instead of winning they have losses, therefore if If you have these types of results, you should not go wrong, quite the contrary, cover those losses and move on because if the business looks to be very good, they have to push it to keep going and more so for a casino with all the demands that exist.


Title: Re: Why do new online casinos struggle?
Post by: Saisher on April 06, 2023, 04:11:06 PM


Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

Online casinos are a multi-billion industry and success starts with a feasibility study a casino before launching should do a test run and do research on the best place to market and advertise and they should make deep research on what gamblers are looking for in a casino, many online casinos failed because they are on a bad start and they only learn what they need to learn when they are already running and this is bad for business because they are up against popular and stable casinos, they should be well prepared and knows what they are up.


Title: Re: Why do new online casinos struggle?
Post by: cabron on April 06, 2023, 04:23:20 PM


Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

Online casinos are a multi-billion industry and success starts with a feasibility study a casino before launching should do a test run and do research on the best place to market and advertise and they should make deep research on what gamblers are looking for in a casino, many online casinos failed because they are on a bad start and they only learn what they need to learn when they are already running and this is bad for business because they are up against popular and stable casinos, they should be well prepared and knows what they are up.

Advertising is very costly and the more a casino will spend when there are established reputable casinos as a competitor. We have seen those casinos shutdown or end up as scam because even those reputable casinos are not letting their guard off. Established crypto casinos plans to stays on top thru advertising as well killing the new ones.

If I have a new casino I would likely start promoting in the local forums and local users which they can use to local currency. Specific target audience for a particular casino.


Title: Re: Why do new online casinos struggle?
Post by: goldkingcoiner on April 06, 2023, 05:40:02 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?


I thin it would be much better for the casino to take things slowly and plan everything out, double check, triple check and then check again. Its really the smartest thing to do. Correcting a problem later and working out a solution for it, while you are responsible for thousands of gamblers and their funds is a giant nightmare which should be avoided. Small steps forward might be slow for some people but its the smartest and least risky path for success.

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

I think any new business has a struggle. The question of how they overcome that struggle shows everyone whether or not their casino/other business is worth anything in the long term.

I would rather trust a casino that deals with struggles than one that half-bakes everything or quits.


Title: Re: Why do new online casinos struggle?
Post by: jostorres on April 06, 2023, 05:40:40 PM
A new casino will always fail if the owners are looking for profits from day one. As casino scams are quite common in the online era not everyone will believe in a new casino. The need to first build trust and work on marketing. These things take time and also need good investments. This is why the casino business is not that easy. I guess this might be the reason why most online casinos cease to exist after a year or two.
I don't understand why you would think that casino owners shouldn't look for profit from day one since the primary reason for starting a business is to get profit, no matter what the business model is. Would you not want your business to become profitable from day one if that's possible? I know it doesn't always happen, but if it can, why not?

If they do everything as per the plan, do proper advertising, keep the casino active and players engaged, and provide top-notch customer service and attractive bonuses, I think they will be in profit from day one and that is good for them.


Title: Re: Why do new online casinos struggle?
Post by: Hispo on April 06, 2023, 05:54:45 PM
It is obvious that the struggle is due to the massive competence and the size of some big players in this market, and it is natural for it to be that way, it happenes the same in all sort of branches of the economy.

If you want to open an online shop, you must face Amazon.
If you want to open a coffee shop, you must face Starbucks.
If you want to seek a technology venture, then you compete against Microsoft and Apple.

In my opinion, small and new casinos would not go all in with advertisement and attention seeking programs, because can drain theit budget very quickly and they would be forced to go out business, I know that some risks are necessary, but it would better to start with an organic growth and accumulate cash to seek ad campaigns in the future, when those are within reach.

Advertisement is expensive, after all.


Title: Re: Why do new online casinos struggle?
Post by: QueenVera on April 06, 2023, 06:03:25 PM
Whatever the case might be, most new businesses always suffer especially those without much starting capital and that is why it is advisable to have a budget for everything one does especially with business oriented ones.
I think before a casino comes to market they are supposed to have budget for everything especially marketing because marketing is one inevitable aspect of a business that can't be over looked, especially in a relatively very competitive industry like the gambling industry, hence the easy of success of a casino aso depends greatly on how much they are ready to spend on promotions and adverts.


Title: Re: Why do new online casinos struggle?
Post by: Wiwo on April 06, 2023, 06:14:44 PM

New online casinos can find it difficult to compete with existing casinos because the old casinos already have loyal members who often play at their casinos. But new online casinos have to provide something different from the old ones so that people will try it. Maybe promoting the platform on Facebook, Twitter, and other social media platforms will help the new online casino gain new customers. But the new online casino really needs to try every way to get its new members.
I think it is entirely uninteresting and profiting for new casinos to try to compete with already established ones since that is an impossible thing to do because older casinos already invested time and energy in building a reputable casino as as they keep growing their implementing new features that will keep them ahead of their competitors in the market.

 New casinos have a lot of work to be done and competing with old casinos is one of those works instead of building a solid platform that will keep players on their toes and make them feel special to attract them from their already loyal casinos there have built trust on over time.


Title: Re: Why do new online casinos struggle?
Post by: piebeyb on April 06, 2023, 06:32:45 PM
Whatever the case might be, most new businesses always suffer especially those without much starting capital and that is why it is advisable to have a budget for everything one does especially with business oriented ones.
I think before a casino comes to market they are supposed to have budget for everything especially marketing because marketing is one inevitable aspect of a business that can't be over looked, especially in a relatively very competitive industry like the gambling industry, hence the easy of success of a casino aso depends greatly on how much they are ready to spend on promotions and adverts.
so many crypto casinos out there and they all compete. it's not enough to just rely on the quality of the game because of course you need a lot of promotions or bonuses even marketing on a large scale certainly helps casinos exist faster, many new casinos are usually not too confident to introduce their casinos even most of them don't have enough funds to do what casinos do others, but actually back again to the money

Anyone wanting to be in business building their casino needs to really have a large bankroll that will probably benefit them in the long run, but it's true that building a reputation is not easy it takes time to earn the trust of users.


Title: Re: Why do new online casinos struggle?
Post by: MainIbem on April 06, 2023, 07:01:05 PM
Projects aren't required to instant making advertisement without proper planning, any projects or gambling site that wants to involved in marketing are those who have already map out some cool funds for advertisement and it has some certain duration to last. All less they already starting making profits from as they launched which might propelled them increase their period of promotion.


Title: Re: Why do new online casinos struggle?
Post by: rahmad2nd on April 06, 2023, 07:09:28 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

I am not a business person in this industry. So, I'm just saying according to what I know. even then, the answer is not necessarily correct.

So, to build a new online casino. before you build an online casino, you have to prepare everything from scratch and the most important part is sound financial logistics. or, you have a business partner as an investor who supports the business you are running. then, you are looking for people who are competent in their respective fields to run or operate the casino that you founded.

With sound logistics, you won't have problems related to marketing problems, you can do it right with your team. plus, hire the services of some well-known Influencers to promote your casino. besides that, you also have to have a team that runs your casino management. whether it's a part of promotions, bonuses, and others. even though your casino is relatively new. if managed properly, the results will be good. but before that, as I said before. structured planning and healthy financial logistics, will expedite the business you run. Well, considering the many new casinos it's hard to survive. most likely, that they don't have good management. plus, unhealthy financial logistics, thus hampering their business in this industry.


Title: Re: Why do new online casinos struggle?
Post by: Cantsay on April 06, 2023, 07:26:47 PM
A new casino will always fail if the owners are looking for profits from day one. As casino scams are quite common in the online era not everyone will believe in a new casino. The need to first build trust and work on marketing. These things take time and also need good investments. This is why the casino business is not that easy. I guess this might be the reason why most online casinos cease to exist after a year or two.

When a casino just start newly, it's better for them to first gain the trust of their customer or perhaps potential customers,  because when they just jump into the business with the intent of profiting there is a high probability that they are going fail.
But if it's a casino that won't be able to survive for a long period without profits then they can start looking for ways to profit from gamblers, as they do say, "no risk no gain".


Title: Re: Why do new online casinos struggle?
Post by: erep on April 06, 2023, 08:01:33 PM
When a casino just start newly, it's better for them to first gain the trust of their customer or perhaps potential customers,  because when they just jump into the business with the intent of profiting there is a high probability that they are going fail.
But if it's a casino that won't be able to survive for a long period without profits then they can start looking for ways to profit from gamblers, as they do say, "no risk no gain".
Every casino has to earn the trust of every user but for new casinos are not familiar to the gambler community so they have to allocate funds for campaigns and advertisements on the site or strategic sections to gain interest from potential users, now many new casinos don't have enough funds for campaigning so the duration of the campaign is very limited so that the results of the campaign promotion for the gambler community are not optimal and it will be difficult to get new users, but if the team continues to consistently build a gambling platform then in the next few years they will already have an active user community.


Title: Re: Why do new online casinos struggle?
Post by: gunhell16 on April 06, 2023, 09:08:07 PM
If there are few players who will gamble in a casino, it will be really difficult for them to survive in this kind of business. Because no matter how good their marketing strategy system is, if there is no gambler to bet on their platform, the business will quickly collapse.

So it always depends on whether the flow of the idea of gambling will attract gamblers, and maybe also the influence of a gambler on the gambling platform anyway.


Title: Re: Why do new online casinos struggle?
Post by: STT on April 06, 2023, 09:24:35 PM
Inertia, its costs the most energy to set something rolling first of all.   You are wanting to draw in players but most of them will be players who already know of all the other alternatives to your casino, very few new players are gained at least initially.  So as the newest casino you have to beat those with a standing advantage, it wouldnt make sense if that wasnt hard to do.
  Also apprehension of a new setup, some things have to be time proven in quality and consistency.  Brand new unfortunately will not mean consistent, some of the effort required will be time put in assuring a continuous reliable experience and letting people know you intend to safe guard their experience properly.


Title: Re: Why do new online casinos struggle?
Post by: lionheart78 on April 06, 2023, 09:30:45 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

First, we should know why new casino struggle in the market then from that we can pick which one is the best option to solve the problem.

According to what I have learned (base on the information on the internet)  new casinos[1] struggle because of the following:

1.  Creating Brand Awareness
2. Adapting in the global problem
3. Inadequate Resources
4. Generating good leads
5. Producing ROI
6. Delivering personalized experience
7. Competition
8. Regulation and Licensing
9. Management issue

These are some of the factors and challenge a new casino has.  Whether a casino needs to go all in for advertisement is not good advice since they still have operational costs where they need to pay for the maintenance of the site and to pay their staff and the casino needs funds for their bankroll to pay players when they win. While taking it slow will make them left behind by their competitors.

I believe proper management and planning are the most important to be able to maximize their resources.  Advertising is good but it should be done with maximum effect with minimum expenditure.



[1] https://www.cmocouncil.org/expert-views/pov/what-are-the-biggest-marketing-challenges-for-us-casinos-in-2022


Title: Re: Why do new online casinos struggle?
Post by: Hamphser on April 06, 2023, 09:37:44 PM
Inertia, its costs the most energy to set something rolling first of all.   You are wanting to draw in players but most of them will be players who already know of all the other alternatives to your casino, very few new players are gained at least initially.  So as the newest casino you have to beat those with a standing advantage, it wouldnt make sense if that wasnt hard to do.
  Also apprehension of a new setup, some things have to be time proven in quality and consistency.  Brand new unfortunately will not mean consistent, some of the effort required will be time put in assuring a continuous reliable experience and letting people know you intend to safe guard their experience properly.
When building up a business then of course you would really be minding about on being better with the current sites or companies that existing as of today on which it would really be just normal that it would be

not something easy as it sounds on trying out to be much better than them or trying out to kick up their butts into their current place and replace them.This is why when building up a business then it would be normal that you would be thinking something more new or better with the current best ones, if not then you would just likely to be that be ignored and would totally still fail, no matter how generous
or big your marketing would be and if the people do find out on giving out that repetitive offering and services then it would really be just be ignored.


Title: Re: Why do new online casinos struggle?
Post by: Finestream on April 06, 2023, 09:44:50 PM
Every new business struggles in the beginning. What makes them profitable in the long run is what they offer unique to their existing and new customers. A new casino will face the same issue as an established casino faced when it started.

The conventional approach for promoting an online casino works but won't generate good business. I have seen some established casinos nowadays hiring influencers and promoting their products using their influence. Some new casinos might hire them initially and some might not be depending on their marketing budget.

Overall patience and long-term marketing are the two ways through which a casino can stay afloat in the long run.
It’s a common scenario for beginners to struggle first when they are starting simply because the pressure is there especially that there is stiff competition when it comes to business. What’s more important is that they can sustain their productivity and profitability in their business throughout the years of operation. The risks and struggles will always be there since every casino wants to take an edge over the others.


Title: Re: Why do new online casinos struggle?
Post by: betnomi.com on April 06, 2023, 09:45:34 PM
The competition between gambling platforms is merciless. Especially if we talk about advertising scaling within the forum. I have seen many here talk about the effectiveness of such a strategy as a signature campaign but no one is telling the truth, no one is saying that this strategy only works in the long run.

Things are just as difficult with aggregator sites, because in order to be represented on some reputable platform and get traffic, you need to make huge monthly contributions. Add to that the fact that you have to have a wide range of games to choose from - if you don't have that, it will be very difficult for you.


Title: Re: Why do new online casinos struggle?
Post by: Pandu Geddon on April 06, 2023, 09:53:43 PM
Projects aren't required to instant making advertisement without proper planning, any projects or gambling site that wants to involved in marketing are those who have already map out some cool funds for advertisement and it has some certain duration to last. All less they already starting making profits from as they launched which might propelled them increase their period of promotion.
Casinos or projects that don't continue their campaigns are obvious because they don't get a good impact from the campaigns that are being carried out. but to see results they cannot in a short time, they must at least measure success in a certain period. and during that period the casino must have sufficient funds to pay out.
most of them finished very quickly because they did not have strong funds for their marketing allocation. so they will focus on project development first.


Title: Re: Why do new online casinos struggle?
Post by: Dunamisx on April 06, 2023, 09:54:59 PM
They struggles because they were just new to the system, they also struggles because it is believed that every new enterprise struggles for a start before they later get balanced, now this struggle could come in different forms, one of them is financial struggles, security struggles, gamblers struggles, competition struggles and many other causes why a casino struggles or thrive before it get well established with less struggles.


Title: Re: Why do new online casinos struggle?
Post by: TimeTeller on April 06, 2023, 09:55:29 PM
Projects aren't required to instant making advertisement without proper planning, any projects or gambling site that wants to involved in marketing are those who have already map out some cool funds for advertisement and it has some certain duration to last. All less they already starting making profits from as they launched which might propelled them increase their period of promotion.
Casinos or projects that don't continue their campaigns are obvious because they don't get a good impact from the campaigns that are being carried out. but to see results they cannot in a short time, they must at least measure success in a certain period. and during that period the casino must have sufficient funds to pay out.
most of them finished very quickly because they did not have strong funds for their marketing allocation. so they will focus on project development first.

You can't really see the impact of such marketing campaign in just short period of time.
If the casino has no funds for it, then, invest in other features of the site like rewards, bonuses and should have very active site support.
Some casinos here don't have active campaigns, yet, they seem to survive as they have loyal patrons playing.
So long you are not cheating the players, no issues when it comes to withdrawal and have fast response to any concern, in time, you will gain your patrons.


Title: Re: Why do new online casinos struggle?
Post by: virasisog on April 06, 2023, 10:00:50 PM
They struggles because they were just new to the system, they also struggle because it is believed that every new enterprise struggles for a start before they later get balanced, now this struggle could come in different forms, one of them is financial struggles, security struggles, gamblers struggles, competition struggles and many other causes why a casino struggles or thrive before it gets well established with fewer struggles.

It is normal for new casinos to struggle in the beginning. First, they have to gain more investors which is quite hard since most players and investors prefer popular and reputable casinos and avoid non-established sites. I think they have to polish everything on their casino first before launching so they could easily gain the trust of their users. There's no such thing as a perfect casino but if they can run a good way right from the beginning, users won't doubt them as scam casinos.


Title: Re: Why do new online casinos struggle?
Post by: BitcoinPanther on April 06, 2023, 10:08:26 PM
New casinos struggle because of their lack of branding, customer and players.  They also struggle because of the competition and the lack of reputation.  In order to survive the market, I think new casinos should make a good investment on promotions and marketing.  They must put a reasonable funds to it but they don't need to put too much because it may put more stress on their operational activity's funds.  They should wisely plan their budget in order to have their operation goes smoothly. 

Building reputation takes time so they need to plan their budget carefully.


Title: Re: Why do new online casinos struggle?
Post by: nakamura12 on April 06, 2023, 10:11:22 PM
Projects aren't required to instant making advertisement without proper planning, any projects or gambling site that wants to involved in marketing are those who have already map out some cool funds for advertisement and it has some certain duration to last. All less they already starting making profits from as they launched which might propelled them increase their period of promotion.
It is only natural to have plan and budget when a new casino wanted to advertise their casino or having promotions for their gamblers so that many people will know about their casino and may be attracted to the casino because of what they do when they are marketing their project. I know a casino that is new and It doesn't have lots of gamblers even now but they did find ways to make their casino known and you can say that the casino is struggling for that part. I am sure the casino will attract gamblers in the future when they are known and starting to have a good reputation.


Title: Re: Why do new online casinos struggle?
Post by: danadc on April 06, 2023, 10:15:06 PM
New casinos struggle because of their lack of branding, customer and players.  They also struggle because of the competition and the lack of reputation.  In order to survive the market, I think new casinos should make a good investment on promotions and marketing.  They must put a reasonable funds to it but they don't need to put too much because it may put more stress on their operational activity's funds.  They should wisely plan their budget in order to have their operation goes smoothly. 

Building reputation takes time so they need to plan their budget carefully.

The casinos will always have a lot of competition, those who are starting out also have hard times because it is obvious that many want to enter to play and win, and the casinos have to have a lot of reaction and ability to appease those who win, in case it is not when the problems begin, and everything originates with the withdrawals and that is something that causes a lot of annoyance for everyone, and this is something that when it starts like this gives a bad feeling because it is not normal for a casino to start and not pay.


Title: Re: Why do new online casinos struggle?
Post by: khaled0111 on April 06, 2023, 10:18:10 PM
How much agressive a new casino's promotion should be depends on many factors. The main factors I can think of are how much money they have in their bankroll and how many users their platform and servers can handle.
Many new casinos started their journey by conducting multiple and heavy advertising campaigns on multiple channels but the results weren't as expected since those casinos encountered all kind of problems as soon as they started receiving a huge number of customers.
On of the examples is those casinos which thought offering no-deposit bonuses is a good idea to attract new players but then they had to shut down their services because they didn't have enough money to pay all the winners.


Title: Re: Why do new online casinos struggle?
Post by: Lida93 on April 06, 2023, 10:23:50 PM
Which one do you think is better and has more healthy growth for a new online casino? 


Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?
You just don't try running faster than your shadows as there's every likelihood you going to have a chaotic fall along the way. Same applies to even in newly established businesses, you don't need to rush the market by going shoulder to shoulder with old businesses that have built a strong  and vast market for itself over the years as they already have the public space which you as new doesn't posses. So it's better to start unflashy and inexpensive on adverts and other requirements, gradually you gain a strong space. And this also helps in avoidance of unnecessary and extravagant expenses blowing up the company's account in short period leading to a closure.

Quote
Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?
I wouldnt advise they chose this pathway but if they feel they have all it takes to aggressively launch itself into the market with a good plan that is achievable within a short frame then they're good to go. But I'll counsel that as a newly opened business,  putting down a contingency plan that could help stabilize and handle possible tension that could rise from competitiveness of the business environment to avoid a forceful breakdown.


Title: Re: Why do new online casinos struggle?
Post by: romero121 on April 06, 2023, 10:25:01 PM
New casinos struggle because of their lack of branding, customer and players.  They also struggle because of the competition and the lack of reputation.  In order to survive the market, I think new casinos should make a good investment on promotions and marketing.  They must put a reasonable funds to it but they don't need to put too much because it may put more stress on their operational activity's funds.  They should wisely plan their budget in order to have their operation goes smoothly. 

Building reputation takes time so they need to plan their budget carefully.

The casinos will always have a lot of competition, those who are starting out also have hard times because it is obvious that many want to enter to play and win, and the casinos have to have a lot of reaction and ability to appease those who win, in case it is not when the problems begin, and everything originates with the withdrawals and that is something that causes a lot of annoyance for everyone, and this is something that when it starts like this gives a bad feeling because it is not normal for a casino to start and not pay.
The competence is high, nowadays casino business have turned to be a big capital business. In the past even with single game casinos gets launched and slowly increase the games and make changes to the platform. Nowadays everything needs to be added at the beginning, if not people doesn't consider it and there won't be much traffic. In some casinos the edge wouldn't be got back perfectly which lets the casino go bankrupt in short time period. In recent years I came across a gambling platform (doesn't remember the name) which ran its promotion program in our forum and closed the business within two months going bankrupt.


Title: Re: Why do new online casinos struggle?
Post by: MainIbem on April 06, 2023, 11:10:49 PM
Projects aren't required to instant making advertisement without proper planning, any projects or gambling site that wants to involved in marketing are those who have already map out some cool funds for advertisement and it has some certain duration to last. All less they already starting making profits from as they launched which might propelled them increase their period of promotion.
Casinos or projects that don't continue their campaigns are obvious because they don't get a good impact from the campaigns that are being carried out. but to see results they cannot in a short time, they must at least measure success in a certain period. and during that period the casino must have sufficient funds to pay out.
most of them finished very quickly because they did not have strong funds for their marketing allocation. so they will focus on project development first.

That is it, most of those project couldn't hold to finish development properly before coming into marketing, we all know that marketing is what gives a project the required exposure but what they fails is that focus on concept of their development than promotion.
While most of struggles because they are highly competitive, which most of them couldn't meet up with some of the standard could as well results folding up.


Title: Re: Why do new online casinos struggle?
Post by: GxSTxV on April 06, 2023, 11:31:16 PM
Any online business whether small or large needs effective advertising to become popular and well known without any expectation. It,s especially important to have a good advertising budget in the gambling industry if you spend much in that business and since where there is intense and much competition between casinos talking about both online and offline. I believe that as much as you invest in service quality you also should spend approximately the same amount of money on advertising your services.

The simplest example i can give you can be seen here in Bitcointalk, where the most popular and successful casinos are the ones that advertise the most frequently and for longer durations. Due to the huge competition we can see if one casino stops advertising another casino quickly replaces it and gains more popularity in short time. Beside that advertising should be well managed and it should include attractive bonuses, banners, and professionalism. It is challenging to attract customers when there is so much competition going on so the best approach is to combine good quality services with effective advertising to bring in customers initially and then retain them by providing excellent services. These principles apply to most if not all businesses nowadays and i shared what i see as a gambler and my experience here.

From what i said i believe the answer to your question why new casinos are struggling it’s because of lack of good quality services and not advertising well or in good places where to attract customers.


Title: Re: Why do new online casinos struggle?
Post by: babygun on April 06, 2023, 11:39:57 PM
A new casino will always fail if the owners are looking for profits from day one. As casino scams are quite common in the online era not everyone will believe in a new casino. The need to first build trust and work on marketing. These things take time and also need good investments. This is why the casino business is not that easy. I guess this might be the reason why most online casinos cease to exist after a year or two.

When a casino just start newly, it's better for them to first gain the trust of their customer or perhaps potential customers,  because when they just jump into the business with the intent of profiting there is a high probability that they are going fail.
But if it's a casino that won't be able to survive for a long period without profits then they can start looking for ways to profit from gamblers, as they do say, "no risk no gain".


One thing that can help for a new casino to build trust is have a license; I know it is far from the holy grail but it is already a small step. It takes a long time to build a good reputation but only seconds to destroy it. If complaints appear (and they will), than they all needed to be handled in a good way and there are many examples for new casinos on this forum where that is clearly not the case.


Title: Re: Why do new online casinos struggle?
Post by: Lanatsa on April 06, 2023, 11:57:29 PM
A new casino will always fail if the owners are looking for profits from day one. As casino scams are quite common in the online era not everyone will believe in a new casino. The need to first build trust and work on marketing. These things take time and also need good investments. This is why the casino business is not that easy. I guess this might be the reason why most online casinos cease to exist after a year or two.

When a casino just start newly, it's better for them to first gain the trust of their customer or perhaps potential customers,  because when they just jump into the business with the intent of profiting there is a high probability that they are going fail.
But if it's a casino that won't be able to survive for a long period without profits then they can start looking for ways to profit from gamblers, as they do say, "no risk no gain".


One thing that can help for a new casino to build trust is have a license; I know it is far from the holy grail but it is already a small step. It takes a long time to build a good reputation but only seconds to destroy it. If complaints appear (and they will), than they all needed to be handled in a good way and there are many examples for new casinos on this forum where that is clearly not the case.
Having a license isnt everything because it wont really assure that it would gain up trust and popularity but somewhat this had been mostly where people been seeking whenever there are new platforms that
announcing their launching. Struggles and challenges is never been new by any business out there, this isnt limited on gambling but also in other businesses as well on which you would really be having that hard time on getting customers or users which is the toughest thing that you would be encountering when running a business and this is why success would really be depending on how
hard you do put up effort and give out plans into your business.


Title: Re: Why do new online casinos struggle?
Post by: JeffBrad12 on April 06, 2023, 11:57:40 PM
Advertisement is a must especially when it would be for the new platform. The most difficult thing to compete with so many popular platforms. the reputation from the new casino has become a very big question too. It will be an additional score if the platform has been fully licensed.
That being said if it will be legally registered. It's not that advertisement should be continue if they were seeing if it has no big impact for their platforms. Advertisement is a very important thing but if you are as an owner from the casino and you should try some different ways to make sure which way that will give you significant traffic for your platform. As a new casino and the owner shall not go all in advertisement. It must be trusted and the most important thing is fully ready with real time withdrawal.

So many new platforms were just wanna try to attract money to come and then gone. There have been many problems that were occurring into the new casinos.


Title: Re: Why do new online casinos struggle?
Post by: danadc on April 07, 2023, 01:40:35 AM
Advertisement is a must especially when it would be for the new platform. The most difficult thing to compete with so many popular platforms. the reputation from the new casino has become a very big question too. It will be an additional score if the platform has been fully licensed.
That being said if it will be legally registered. It's not that advertisement should be continue if they were seeing if it has no big impact for their platforms. Advertisement is a very important thing but if you are as an owner from the casino and you should try some different ways to make sure which way that will give you significant traffic for your platform. As a new casino and the owner shall not go all in advertisement. It must be trusted and the most important thing is fully ready with real time withdrawal.

So many new platforms were just wanna try to attract money to come and then gone. There have been many problems that were occurring into the new casinos.

There are quite a few things that influence casinos a lot, and one of them is that they do not believe much in advertising, they prefer to advertise by paying bots on social networks and it is something that does not give any results, there are casinos that start well, and They believe in the signature campaign on the forum, so they don't believe this type of thing from the start because they can say that they don't have enough money or anything else, but if they pay attention to the fact that it is best to believe in the publicity of the forum they have good results in their casinos, of that I am sure.


Title: Re: Why do new online casinos struggle?
Post by: Ronsbit on April 07, 2023, 01:46:37 AM
Projects aren't required to instant making advertisement without proper planning, any projects or gambling site that wants to involved in marketing are those who have already map out some cool funds for advertisement and it has some certain duration to last. All less they already starting making profits from as they launched which might propelled them increase their period of promotion.
Casinos or projects that don't continue their campaigns are obvious because they don't get a good impact from the campaigns that are being carried out. but to see results they cannot in a short time, they must at least measure success in a certain period. and during that period the casino must have sufficient funds to pay out.
most of them finished very quickly because they did not have strong funds for their marketing allocation. so they will focus on project development first.

That is it, most of those project couldn't hold to finish development properly before coming into marketing, we all know that marketing is what gives a project the required exposure but what they fails is that focus on concept of their development than promotion.
While most of struggles because they are highly competitive, which most of them couldn't meet up with some of the standard could as well results folding up.

Truly most of the projects fail as a result of their quick to launch approach when they know fully well they are not ripe to launch yet and at the end  they face lots off challenges and eventually fold up carting away with investors fund. Some feel the market is free without any pressure and they fail to face the reality by preparing for plan b as the case maybe but they do not reason that in anyway what they think is that the market is already there for them to leverage upon but they have forgotten so soon that they are not the  only one in the race which brings them to their rivals but before they would realize, they have already done much harm than good to themselves which eventually leads to them folding up.


Title: Re: Why do new online casinos struggle?
Post by: rodskee on April 07, 2023, 02:19:50 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?
if they are really   a New gambling site literally , meaning just created within a year then taking it slowly will be best for them as they will gather a right player and not just those abusers who are seeking for chance taking advantage to make money.
Quote
Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
this is something those old casino that have just entered this forum act,and sending big funds for advertising will help them get sympathy and curiosity on how their site being used and yes they will enter.


Title: Re: Why do new online casinos struggle?
Post by: len01 on April 07, 2023, 02:32:26 AM
Projects aren't required to instant making advertisement without proper planning, any projects or gambling site that wants to involved in marketing are those who have already map out some cool funds for advertisement and it has some certain duration to last. All less they already starting making profits from as they launched which might propelled them increase their period of promotion.
Casinos or projects that don't continue their campaigns are obvious because they don't get a good impact from the campaigns that are being carried out. but to see results they cannot in a short time, they must at least measure success in a certain period. and during that period the casino must have sufficient funds to pay out.
most of them finished very quickly because they did not have strong funds for their marketing allocation. so they will focus on project development first.

That is it, most of those project couldn't hold to finish development properly before coming into marketing, we all know that marketing is what gives a project the required exposure but what they fails is that focus on concept of their development than promotion.
While most of struggles because they are highly competitive, which most of them couldn't meet up with some of the standard could as well results folding up.
I think it would be better if development, marketing, promotion and even advertising, were better done concurrently for a new gambling business. if this is done simultaneously, of course, it will attract more attention of new users. when doing advertisements or promotions, there are always improvements or developments that make gamblers think that the new casino is serious about growing its business.
on the other hand, new users who know that there are always improvements at the casino, of course customers will trust more to gamble there and new casinos must provide any promotions or features that make users feel at home and be able to compete with old casinos.

even when doing a campaign and not getting anything good, don't stop the campaign, it will make users think that there is no seriousness in doing development and think that the new casino doesn't have big enough bankroll, which makes customers doubt.


Title: Re: Why do new online casinos struggle?
Post by: Wexnident on April 07, 2023, 04:29:10 AM
I think it would be better if development, marketing, promotion and even advertising, were better done concurrently for a new gambling business. if this is done simultaneously, of course, it will attract more attention of new users. when doing advertisements or promotions, there are always improvements or developments that make gamblers think that the new casino is serious about growing its business.
on the other hand, new users who know that there are always improvements at the casino, of course customers will trust more to gamble there and new casinos must provide any promotions or features that make users feel at home and be able to compete with old casinos.

even when doing a campaign and not getting anything good, don't stop the campaign, it will make users think that there is no seriousness in doing development and think that the new casino doesn't have big enough bankroll, which makes customers doubt.
I'd argue about development among all those things. Casinos generally don't change, even if there were, most of them are minor changes to UI design (unless a completely new system was added, like NFT's), so development should be COMPLETELY finished before starting the marketing side. Even minor fixes should be kept at the minimum since casinos are mostly fixed, bugs and the like would probably only come from network tests or something. Plus with this, there's more manpower given to marketing compared to doing them all at the same time.


Title: Re: Why do new online casinos struggle?
Post by: OgNasty on April 07, 2023, 04:46:53 AM
I would imagine it’s because there are a lot of costs involved with running a casino. It takes a long time to build up a reputation to wear. customers feel safe depositing large amounts of money on your casino. People also don’t really like change and established casinos do a lot to reward their customers. It would take a much better experience to get people to consider a switch.


Title: Re: Why do new online casinos struggle?
Post by: Reatim on April 07, 2023, 05:24:45 AM
Projects aren't required to instant making advertisement without proper planning, any projects or gambling site that wants to involved in marketing are those who have already map out some cool funds for advertisement and it has some certain duration to last. All less they already starting making profits from as they launched which might propelled them increase their period of promotion.
Casinos or projects that don't continue their campaigns are obvious because they don't get a good impact from the campaigns that are being carried out. but to see results they cannot in a short time, they must at least measure success in a certain period. and during that period the casino must have sufficient funds to pay out.
most of them finished very quickly because they did not have strong funds for their marketing allocation. so they will focus on project development first.

That is it, most of those project couldn't hold to finish development properly before coming into marketing, we all know that marketing is what gives a project the required exposure but what they fails is that focus on concept of their development than promotion.
While most of struggles because they are highly competitive, which most of them couldn't meet up with some of the standard could as well results folding up.
and those project are a kind of only relying to investors and has no complete funds inside their pocket to sustain the project and ending up not having a good marketing strategy.
and also you are correct about the competition as we can see there are already tons of gambling site that existing here with good reputation and big marketing .
but lets give them a chance and to make their way to the top as long as they are honest and also has this funds to operate and pays their winner.


Title: Re: Why do new online casinos struggle?
Post by: tusandii on April 07, 2023, 05:47:22 AM
and those project are a kind of only relying to investors and has no complete funds inside their pocket to sustain the project and ending up not having a good marketing strategy.
and also you are correct about the competition as we can see there are already tons of gambling site that existing here with good reputation and big marketing .
but lets give them a chance and to make their way to the top as long as they are honest and also has this funds to operate and pays their winner.
Every casino owner will definitely prepare funds that are large enough to be able to build and develop a casino plus the support of investors who come in because the casino business is a promising business so that there will be several investors who invest their money in casino development.
So any marketing development project that will be carried out by a casino with the aim of being able to make a large and well-established casino must have funds prepared.
As long as the casino project runs normally and smoothly, it will definitely have a good impact and income from the casino can be obtained continuously, so the casino doesn't need to think about what they have to pay.


Title: Re: Why do new online casinos struggle?
Post by: mindrust on April 07, 2023, 06:53:53 AM
I would imagine it’s because there are a lot of costs involved with running a casino. It takes a long time to build up a reputation to wear. customers feel safe depositing large amounts of money on your casino. People also don’t really like change and established casinos do a lot to reward their customers. It would take a much better experience to get people to consider a switch.

Very good and accurate observations Mr. OG, just what I expected from an OG forum member. Consistency and continuity is probably the most important thing a business needs to achieve. It takes years to get there and even a small mistake you made may ruin everything you did before. Stake and freebitco.in are very good examples. They are consistent, they have a long history and a very good reputation. Imagine the know-how these people have in their disposal. They deal with the hackers, they deal with the cheaters, they deal with the legal entities... Why would anybody leave these good casinos for something else? There must be a very very good reason.


Title: Re: Why do new online casinos struggle?
Post by: Die_empty on April 07, 2023, 07:32:49 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
I always like to start small and grow big. Starting any business and growing it is pure hard work. It takes patience, dedication, and sacrifice to build and grow a business. But the advantage is that building and growing a business is less expensive than buying or spending more. It all depends on the plans and the financial strength of the business owner. If you want your casino to become popular within a short period and you have the money, that's good for you. If you don't have the money to spend on promotion and others, start small and gradually grow. It will always not be the best idea to take loans for business investment because no business is predictable.

A casino like every other business will struggle because of poor funding, poor management, unfavorable government policies and fraud or cyber attack.


Title: Re: Why do new online casinos struggle?
Post by: EarnOnVictor on April 07, 2023, 08:12:10 AM
A new casino will always fail if the owners are looking for profits from day one. As casino scams are quite common in the online era not everyone will believe in a new casino. The need to first build trust and work on marketing. These things take time and also need good investments. This is why the casino business is not that easy. I guess this might be the reason why most online casinos cease to exist after a year or two.

When a casino just start newly, it's better for them to first gain the trust of their customer or perhaps potential customers,  because when they just jump into the business with the intent of profiting there is a high probability that they are going fail.
But if it's a casino that won't be able to survive for a long period without profits then they can start looking for ways to profit from gamblers, as they do say, "no risk no gain".


One thing that can help a new casino build trust is to have a license; I know it is far from the holy grail but it is already a small step. It takes a long time to build a good reputation but only seconds to destroy it. If complaints appear (and they will), then they all needed to be handled in a good way and there are many examples for new casinos on this forum where that is clearly not the case.
Of course, reputation counts, and this is what they will have to strive to build in years. Unless the casino is a scam that will build trust for a while and disappear with people's money over time. If not, they need to follow an integrity path and use the right technology to be trusted as they pay ASAP. With these and even more, trust would be built.

Also, for those that mean business, marketing matters initially. This is the way to attract gamblers, and it will now be left to them to use good service to make them stay.


Title: Re: Why do new online casinos struggle?
Post by: traderethereum on April 07, 2023, 08:16:13 AM
I would imagine it’s because there are a lot of costs involved with running a casino. It takes a long time to build up a reputation to wear. customers feel safe depositing large amounts of money on your casino. People also don’t really like change and established casinos do a lot to reward their customers. It would take a much better experience to get people to consider a switch.
It's true what you say. If casinos work hard to achieve or build their reputation, it won't take long to earn it.
And the casino owner also has to remember that in gaining that reputation, there will be a lot of problems that arise because there must be business rivals who don't want to see that happen.
Casino owners must be prepared for intense competition from other casino owners because they are in one big business: gambling.
Cost is a factor that casino owners must consider because it relates to promotions that the casino must carry out.


Title: Re: Why do new online casinos struggle?
Post by: Hirose UK on April 07, 2023, 08:49:30 AM
Of course, reputation counts, and this is what they will have to strive to build in years. Unless the casino is a scam that will build trust for a while and disappear with people's money over time. If not, they need to follow an integrity path and use the right technology to be trusted as they pay ASAP. With these and even more, trust would be built.

Also, for those that mean business, marketing matters initially. This is the way to attract gamblers, and it will now be left to them to use good service to make them stay.
Building a good reputation is not easy and requires a long time as well as real proof to get that good reputation.
A casino that is a scam and only has the aim of cheating will not be able to build trust for a while because from the start to having a good reputation is not easy so a casino that has the purpose of deceiving will not build a good reputation instead they appear and immediately commit acts of fraud against all gamblers playing inside their casino.

All casinos are serious about running their business and will continue to try to be better from time to time in order to survive and become a successful casino, but not a few casinos stop halfway out of desperation and are unable to do all the marketing and provide services for each of their customers. .


Title: Re: Why do new online casinos struggle?
Post by: _act_ on April 07, 2023, 09:10:49 AM
That is it, most of those project couldn't hold to finish development properly before coming into marketing, we all know that marketing is what gives a project the required exposure but what they fails is that focus on concept of their development than promotion.
While most of struggles because they are highly competitive, which most of them couldn't meet up with some of the standard could as well results folding up.
Marketing is very important, I am not surprised that most organizations that are new spend most of their money on marketing, because they depend on more people for their company to grow, advertising is very important. If a gambling site do all necessary, having good customer care, good service, good everything, but if the gambling site do not have good marketing, they will not just grow. Marketing is very important for a gambling site to grow as the competition with other gambling sites is very high.


Title: Re: Why do new online casinos struggle?
Post by: Gozie51 on April 07, 2023, 10:13:15 AM

Why do new online casinos struggle?

New casinos are not just the only businesses that go through the level of struggle when starting up. Every new business has a teething stage especially if the company does not have parent body somewhere that directs,leads with experience and its reputation of the parent body is looked upon for patronage to the affiliate body/new business. So like every other business, it is not peculiar to only new casinos and there are different reasons for that including, finance to sustain staffs when profit have not started coming, right kind of manpower including PR, real purpose and focus, management, trust, that has alot to do with how long in operation. So pertaining to casino, apart from advertisement done, I believe TRUST is important for bettors because it involves betting your money and to get your winnings (if you have any) as at when due.



Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?


Advertisement without real product or desired games won't sustain a casino. Is like when you have an empty container garnish with beautiful covered outta look while it is empty insid. So even beautiful interface is not enough.


A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

If a product is good then you only require a little amount of sustainable advertising for it to grow. Those casinos that are still subsisting in the forum over the past two/three years have good products, good packages for bettors and admirers, good PR and finance to sustain campaigns on the forum, you can list them. So for a new casino to grow, it needs to have everything good plus finance to sustain it down times and it time it will build trust (which is important) and reputation which amounts to patronage.


Title: Re: Why do new online casinos struggle?
Post by: xSkylarx on April 07, 2023, 10:32:53 AM
That is it, most of those project couldn't hold to finish development properly before coming into marketing, we all know that marketing is what gives a project the required exposure but what they fails is that focus on concept of their development than promotion.
While most of struggles because they are highly competitive, which most of them couldn't meet up with some of the standard could as well results folding up.
Marketing is very important, I am not surprised that most organizations that are new spend most of their money on marketing, because they depend on more people for their company to grow, advertising is very important. If a gambling site do all necessary, having good customer care, good service, good everything, but if the gambling site do not have good marketing, they will not just grow. Marketing is very important for a gambling site to grow as the competition with other gambling sites is very high.

They won't even get recognized; it is not like a store that if you build it in a city, a lot of people will see it and eventually buy it, but in this case, it is an online casino, and most of your competitors are investing a lot of money in advertising, for which they got recognized. Now a days they allot a huge budget in advertising as they know they can get more customers on it to play on their casino. That is why no matter how nice your casino is, if you ain't investing in promotions, it is still useless.


Title: Re: Why do new online casinos struggle?
Post by: leonair on April 07, 2023, 11:01:17 AM
Which one do you think is better and has more healthy growth for a new online casino?
Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?
Every company wants to get their success at low cost but because of their thousands of competitors in the market it is very difficult and expensive to attract users from the market. So you will never get very good results with only banners and small advertisements. To make a casino site stand up and succeed you must do proper marketing and provide various new facilities to the users. Only then gamblers will like your casino site and gamble using your site for a long time

Quote
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
New casino sites struggle a lot because they have to outpace their competitors in the market to succeed and attract gamblers to increase traffic to their sites. And that's why a new site needs to invest huge amount of funds for marketing and marketing to different potential places. And in this case, various casino sites continue their signature campaign for their marketing in this forum as well for long time with big weekly rewards


Title: Re: Why do new online casinos struggle?
Post by: Lanatsa on April 07, 2023, 11:21:25 AM
That is it, most of those project couldn't hold to finish development properly before coming into marketing, we all know that marketing is what gives a project the required exposure but what they fails is that focus on concept of their development than promotion.
While most of struggles because they are highly competitive, which most of them couldn't meet up with some of the standard could as well results folding up.
Marketing is very important, I am not surprised that most organizations that are new spend most of their money on marketing, because they depend on more people for their company to grow, advertising is very important. If a gambling site do all necessary, having good customer care, good service, good everything, but if the gambling site do not have good marketing, they will not just grow. Marketing is very important for a gambling site to grow as the competition with other gambling sites is very high.

They won't even get recognized; it is not like a store that if you build it in a city, a lot of people will see it and eventually buy it, but in this case, it is an online casino, and most of your competitors are investing a lot of money in advertising, for which they got recognized. Now a days they allot a huge budget in advertising as they know they can get more customers on it to play on their casino. That is why no matter how nice your casino is, if you ain't investing in promotions, it is still useless.
In any business on any industry then it would be survival of the fittest and you would really be at huge disadvantage if you do really make yourself get left behind among other competitor.This is why it would really be just that right that you should do this compulsory steps because if you wont then you would really be get left behind.

Struggle in the first on getting your first customer and just like been said that making them stay is something that you would really be prioritizing as an owner.
Once you do see some progress on what you are doing then you shouldnt really stop there.


Title: Re: Why do new online casinos struggle?
Post by: mak013 on April 07, 2023, 11:28:47 AM
Any new casino has several ways of growing up. The promotion is only one of them. And i don`t sure that new casino has no other problems except promotion.
For some of them it would be better to have small quantity of gamblers at start. It can help them to fix bugs, check equipment, work with gamblers feedback. And only after all these events spend money for marketing.
You are very correct, but then again, it is actually very rare to see a casino that started out their gambling business with lots of customers,  every casino starts with only a few customers, this is not something that is peculiar with casinos alone, it is almost same for every business, this is because at the very start, casinos have to first prove their legitimacy first and seriousness, this is how gamblers begin to trust them and they(the casino) start building out their reputation, when trust has been fully established and customers are not longer doubtful of them, at this point, if the casino is still struggling with few customers, it's time for them to employ heavy marketing and promotions.
I think that there are different ways to success. Sometimes it is marketing. But sometimes it can be better to use these money for improving services, security, website. Probably they can create mobile app. But i`m sure that anyway they have to promote their casino sometime. Or they`ll stay small high quality casino.


Title: Re: Why do new online casinos struggle?
Post by: coinerer on April 07, 2023, 11:44:29 AM
Not only casino sites but every company has to struggle a lot in new times to survive in the market and gain popularity. Because a company is not known to anyone in a new state and that's why they have to do different types of marketing to attract customers. And that's why a new casino site has to struggle a lot to attract new gamblers and popularize the site. Because no company can be successful without struggle, be it a gambling site or any other related company


Title: Re: Why do new online casinos struggle?
Post by: famososMuertos on April 07, 2023, 07:14:10 PM
Various previous posts say many things; marketing, promotions, but that are the tools to achieve that basic objective for which casinos really fight, player traffic (or simply The Gambler/Player ).

The player is the real sense of existence of a casino, it does not matter if it is new or has a long existence, then, they use marketing, promotions, etc. To achieve its goal, catch player.

Then a new casino needs to survive with zero traffic in its early days and maybe for a long period, but the ROI is short, when it reaches its goal, The Player(s).

...//,,,

A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

Which Casinos?

In the current times online we live in, that idea of advertising may not reach you, but it is because you do not receive it, but advertising or exposure to attract users is always there latent.

BTW:
In a sense associated more with the fact of being a player, this concern that you raise must be very well analyzed by each one of us, beyond thinking about how or why a casino enters the arena of betting to compete/struggle.

In a sense associated more with the fact of being a player, this concern that you raise must be very well analyzed by each one of us, beyond thinking about how or why a casino enters the arena of betting to compete.

So, we  (users-player) a whole must have more criteria when it comes to supporting a casino, crypto casinos mainly, that is, we must learn to weigh as users that criterion of supporting the real casinos that are not just looking to make an economic profit, introducing false promotions or TOC looking for a shade of gray, etc.

Sometimes a Casino that starts promoting a standard rakeback and a welcome bonus with a fair rollover, it is preferable, without big hype, but fair and honest, hope you understand me!.
Sometimes this type of casinos that reach the cryptographic niche on this way they manage to be stable casinos over time and therefore reliable.

 I recently did a Review of a Casino that is not making a lot of "noise" with big announcements or having great influencer faces supporting them, but on the contrary they are going slowly, doing fair promotions, etc.

So, this type of casino is not only fighting to attract important traffic in the short term, but also looking to consolidate a player base.

What I have just said is that it is complex to define the strategy and therefore find the right casino, so understanding that phrase "Why do new online casinos struggle?" leads you to get good casinos and therefore improve your user experience.

In conclusion, beware of the big neon signs or those incredible offers, we are invaluable to any casino no matter what type of player you are, since you are a deposit that helps that survival stat that casinos new and old have.

Based on what I mentioned, it is the importance of your theme, you have to understand the ecosystem but above all understand that you are the raw material of any casino.

You are the reason for that fight(struggle).


Title: Re: Why do new online casinos struggle?
Post by: Hispo on April 07, 2023, 08:01:47 PM
Not only casino sites but every company has to struggle a lot in new times to survive in the market and gain popularity. Because a company is not known to anyone in a new state and that's why they have to do different types of marketing to attract customers. And that's why a new casino site has to struggle a lot to attract new gamblers and popularize the site. Because no company can be successful without struggle, be it a gambling site or any other related company

If we talk on how any new business in any industry has to struggle at the beginning against giants, I believe it kind of depends in the context, because we are talking about platforms which are supposed to engage and try to find clients on the internet, it is one of the consequences of globalization.

Before internet, the competence of your newly created business could be confined to your city or neighborhood, since we are living in a digital world now that has changed. There are still some activities which have not suffered much from this change in the way people do business, but most of them have.

Casinos, artists, programmers, designers, vendors, teachers, etc. All of them now need to face a worldwide market, instead a local one.


Title: Re: Why do new online casinos struggle?
Post by: barbara44 on April 07, 2023, 09:03:08 PM
Truly most of the projects fail as a result of their quick to launch approach when they know fully well they are not ripe to launch yet and at the end  they face lots off challenges and eventually fold up carting away with investors fund. Some feel the market is free without any pressure and they fail to face the reality by preparing for plan b as the case maybe but they do not reason that in anyway what they think is that the market is already there for them to leverage upon but they have forgotten so soon that they are not the  only one in the race which brings them to their rivals but before they would realize, they have already done much harm than good to themselves which eventually leads to them folding up.
An early launch is probably the first element for generating pressure and tensions for the management from the beginning, and it obviously isn't a good decision to launch a project or a platform if it's not completely ready, even if a little bit work is needed, the launch should still be delayed until everything is completely okay and clear.

Building up pressure from the right up will only make things worse as the platform moves forward and players and gamblers start pouring in if marketing campaigns are up and running. So it's better to do everything according to the plan and avoid hasty decisions for any new casino management.


Title: Re: Why do new online casinos struggle?
Post by: Dunamisx on April 07, 2023, 09:17:05 PM
If you see any new casino struggling, it doesn't mean becau most of the new ones have this same common attributes while the old ones had passed through thus same process, we need time and effort before we can get known by the public, then if you see any casino still struggling after a year or more to maintain ground, then such should be investigated because it might be that they are not running it as expected, or need fund to run many things that could increase it income level.


Title: Re: Why do new online casinos struggle?
Post by: Wiwo on April 07, 2023, 09:35:32 PM


They won't even get recognized; it is not like a store that if you build it in a city, a lot of people will see it and eventually buy it, but in this case, it is an online casino, and most of your competitors are investing a lot of money in advertising, for which they got recognized. Now a days they allot a huge budget in advertising as they know they can get more customers on it to play on their casino. That is why no matter how nice your casino is, if you ain't investing in promotions, it is still useless.
I agree with you, online businesses need more advertisement compared to physical business and in this nature online casinos can only build their presence through intense advertisement and promotion that will attract new players and also keep the casino afloat against competitors and in the case of a new casino, the case is different because it will have no basic foundation to build on unless their start from scratch.

 And in doing that, there is a need for them to have large reserve of liquidity to support their operations and if it meet all the promo requirement there should established a presence that will help build their reputation online in other to increase its traffic.


Title: Re: Why do new online casinos struggle?
Post by: Fivestar4everMVP on April 07, 2023, 09:44:16 PM
If you see any new casino struggling, it doesn't mean becau most of the new ones have this same common attributes while the old ones had passed through thus same process, we need time and effort before we can get known by the public, then if you see any casino still struggling after a year or more to maintain ground, then such should be investigated because it might be that they are not running it as expected, or need fund to run many things that could increase it income level.
You are right for sure, it is absolutely normal for a business to struggle at the very beginning, simply because at that stage, alot of money is going into building the business to the taste, or at least, to a near taste of the owner, and at the same moment, only a very few customers and patronizing the business, this is if there is customer at the moment at all.

And again, in a line of business where there is a lot of competition, like with gambling casinos, it could take longer, even more than a year for such a business to stand, though this depends largely on how rich the owner(s) of the business is though.


Title: Re: Why do new online casinos struggle?
Post by: maydna on April 07, 2023, 10:37:38 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

Welcome to the forum, It is challenging to say which approach is better for a new online casino, as both strategies have advantages and disadvantages. Many new casinos may not have sufficient resources or expertise to develop a high-quality platform or to market and promote their offering effectively. In some cases, new casinos may struggle to build trust, with users wary of scams or fraud in the online gambling industry.

Each casino owner needs to be aware of and look for strategies they can use. That's why market research is needed to find the right strategy. Perhaps it takes time to find it, but it's worth it because you have to compete with other casinos as a new casino. And if they can't figure out a strategy and just follow what other casinos are doing, then those casinos will have a hard time growing. Perhaps, promoting an offer is something other casinos are used to doing, so a new casino might need to add something a little different. I guess it might be useful for capturing new users.


Title: Re: Why do new online casinos struggle?
Post by: Wakate on April 07, 2023, 11:26:41 PM
Any new casino has several ways of growing up. The promotion is only one of them. And i don`t sure that new casino has no other problems except promotion.
For some of them it would be better to have small quantity of gamblers at start. It can help them to fix bugs, check equipment, work with gamblers feedback. And only after all these events spend money for marketing.
You are very correct, but then again, it is actually very rare to see a casino that started out their gambling business with lots of customers,  every casino starts with only a few customers, this is not something that is peculiar with casinos alone, it is almost same for every business, this is because at the very start, casinos have to first prove their legitimacy first and seriousness, this is how gamblers begin to trust them and they(the casino) start building out their reputation, when trust has been fully established and customers are not longer doubtful of them, at this point, if the casino is still struggling with few customers, it's time for them to employ heavy marketing and promotions.
I think that there are different ways to success. Sometimes it is marketing. But sometimes it can be better to use these money for improving services, security, website. Probably they can create mobile app. But i`m sure that anyway they have to promote their casino sometime. Or they`ll stay small high quality casino.
Marketing is one of the fastest way of making money in the gambling world as a company by creating awareness for  gamblers to know about there service. It is also good when casinos improve there services so the experience of customers would be unique and better. We have so many gambling platforms online include fiat and cryptocurrency casinos giving gamblers a choice to make depending on what they are interested and like to bet on. This is why casinos need to be unique in the service so that gamblers can find a place to enjoy when using a casino.


Title: Re: Why do new online casinos struggle?
Post by: serjent05 on April 07, 2023, 11:28:02 PM
That is it, most of those project couldn't hold to finish development properly before coming into marketing, we all know that marketing is what gives a project the required exposure but what they fails is that focus on concept of their development than promotion.
While most of struggles because they are highly competitive, which most of them couldn't meet up with some of the standard could as well results folding up.
Marketing is very important, I am not surprised that most organizations that are new spend most of their money on marketing, because they depend on more people for their company to grow, advertising is very important. If a gambling site do all necessary, having good customer care, good service, good everything, but if the gambling site do not have good marketing, they will not just grow. Marketing is very important for a gambling site to grow as the competition with other gambling sites is very high.

They won't even get recognized; it is not like a store that if you build it in a city, a lot of people will see it and eventually buy it, but in this case, it is an online casino, and most of your competitors are investing a lot of money in advertising, for which they got recognized. Now a days they allot a huge budget in advertising as they know they can get more customers on it to play on their casino. That is why no matter how nice your casino is, if you ain't investing in promotions, it is still useless.

This can be solved by creating a superb affiliate program.  Even with other competitors spending huge amounts for promotions and marketing, if the competitor is giving superb compensation to people who can refer players to the site then, there is a chance for these new casinos to grow and get established.  The payment on affiliate programs can be proof that can be used to establish a reputation in the market aside from the winning payments.  Affiliate marketing is one of the cheapest marketing strategies since payment depends on the activity of the players referred.


Title: Re: Why do new online casinos struggle?
Post by: harizen on April 07, 2023, 11:28:17 PM
Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

With the tough competition between gambling sites today, an aggressive marketing is really a must. Take note that it's not even sure that even these new sites will do some big and heavy marketing, they will able to gained and attract several users.

Establishing a new business is really critical at the end. Gambling site owners will never know the result once they tried.

Patience is virtue depending on how tough they are to operate that gambling site for long.


Title: Re: Why do new online casinos struggle?
Post by: worle1bm on April 08, 2023, 05:30:28 AM
This is a competitive market with lot of casinos already in the business but if new casino has really well marketing strategy and bankroll to support them and Target huge audience they will get running in this market but if you are not doing anything what do you expect? The second thing is what you have to offer like new slots, deposit bonus, promotion, sponsors and KYC for the players which will attract players to your casino.So it's not a easy task and you need to look for lot of factors.


Title: Re: Why do new online casinos struggle?
Post by: Hypnosis00 on April 08, 2023, 07:18:30 AM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?
Building trust with the community is not easy and it takes time. If they just wait for that and rely on the money they raise from new users or gamblers, they will grow quite very slowly. They are eventually losing a lot of time.

Quote
Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?
Advertising materials could help a lot. If we wanted to grow our business and make known to the community, we should have to invest more in advertising. In fact, some owners are using influencers to promote their sites.
So, if we have limited resources and campaign materials, we no longer expect that we profit instantly, we wait for many years if we did nothing to help.


Title: Re: Why do new online casinos struggle?
Post by: Mauser on April 08, 2023, 12:00:57 PM

Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.


 Going "all in" into any new project is too risky for my taste, I do think that it would be better to slowly grow as a casino. There are few advantages for being a casino that has been around quite some time, compared to completely new startups. First of all, you show some confidence to your customers that you are not going to disappear quickly again. Having a positive track record is very important for online casinos. Secondly if you build your casino slowly over time you can react better what the customers want and shift your main focus on the most played games. And a third advantage is that there might be some scandals in other casinos where you than can take advantage of when you have the reputation of a reliable casino. Also I do think it's important for online casinos these days to run special advertising and promotions from time to time. In case you use all your money now directly at the start of the launch phase you might struggle to afford another round of promotions down the road.

 


Title: Re: Why do new online casinos struggle?
Post by: Mr. Magkaisa on April 08, 2023, 12:02:12 PM
  -   With so many competitors in the gambling industry here in cryptocurrency it will not be easy for a beginning casino in the crypto space, especially if its other competitors have good marketing strategies.

That's why other people who are just starting a casino in this industry are just copying the strategy of others who have been here for a long time in crypto gambling and they will just change it a little so that it won't be plagiarism. is also good at thinking of strategies, in fact.


Title: Re: Why do new online casinos struggle?
Post by: Peanutswar on April 08, 2023, 02:34:25 PM
That is it, most of those project couldn't hold to finish development properly before coming into marketing, we all know that marketing is what gives a project the required exposure but what they fails is that focus on concept of their development than promotion.
While most of struggles because they are highly competitive, which most of them couldn't meet up with some of the standard could as well results folding up.
Marketing is very important, I am not surprised that most organizations that are new spend most of their money on marketing, because they depend on more people for their company to grow, advertising is very important. If a gambling site do all necessary, having good customer care, good service, good everything, but if the gambling site do not have good marketing, they will not just grow. Marketing is very important for a gambling site to grow as the competition with other gambling sites is very high.

They won't even get recognized; it is not like a store that if you build it in a city, a lot of people will see it and eventually buy it, but in this case, it is an online casino, and most of your competitors are investing a lot of money in advertising, for which they got recognized. Now a days they allot a huge budget in advertising as they know they can get more customers on it to play on their casino. That is why no matter how nice your casino is, if you ain't investing in promotions, it is still useless.

For a new gambling casino, its quite too hard to them recognized by the community because there's a lot of casino that already exist and gives a really good quality of services to be part of this as a new casino they also need to show ups themselves just to give a chance and one of the best way is doing with the multi-level marketing strategy like the other casino did at the same time, additional with the presence of the people in the world of social media, if you keep browsing those people who have tons of followers offering this kind of advertisement to their players and by that if the number of active players increases thats the result of one of their effective marketing strategy.


Title: Re: Why do new online casinos struggle?
Post by: Dunamisx on April 08, 2023, 02:41:43 PM
Any casino that has the operators behind it not being experienced enough in gambling will suffer alot in terms of cost of operations and maintenance because they don't have an idea of how it had been used to be, all you will see is that they are spending much but seing less, before a casino can come into full operation, they needed to carry out sone pre-operational check and research on that particular field, gambling casino is not what anyone can wake up and decided to run, else he has failed already right before starting.


Title: Re: Why do new online casinos struggle?
Post by: AbuBhakar on April 08, 2023, 03:04:07 PM
Any casino that has the operators behind it not being experienced enough in gambling will suffer alot in terms of cost of operations and maintenance because they don't have an idea of how it had been used to be, all you will see is that they are spending much but seing less, before a casino can come into full operation, they needed to carry out sone pre-operational check and research on that particular field, gambling casino is not what anyone can wake up and decided to run, else he has failed already right before starting.

Agree. It’s only possible to operate a casino low cost through decentralized casino which doesn’t offer 3rd party games and other special feature like live support in the casino. This way, Only the website cost and maintenance is needed expenses and the rest will be just pure marketing but the only cons was the demand for this type of casino is very low that even Primedice upgraded their decentralized dice site to full centralized casino Stake.com.

Right now, the real killer is the marketing because this is the bread and butter of casino industry to become successful in this business.


Title: Re: Why do new online casinos struggle?
Post by: klidex on April 08, 2023, 06:06:29 PM
That is it, most of those project couldn't hold to finish development properly before coming into marketing, we all know that marketing is what gives a project the required exposure but what they fails is that focus on concept of their development than promotion.
While most of struggles because they are highly competitive, which most of them couldn't meet up with some of the standard could as well results folding up.
Marketing is very important, I am not surprised that most organizations that are new spend most of their money on marketing, because they depend on more people for their company to grow, advertising is very important. If a gambling site do all necessary, having good customer care, good service, good everything, but if the gambling site do not have good marketing, they will not just grow. Marketing is very important for a gambling site to grow as the competition with other gambling sites is very high.

They won't even get recognized; it is not like a store that if you build it in a city, a lot of people will see it and eventually buy it, but in this case, it is an online casino, and most of your competitors are investing a lot of money in advertising, for which they got recognized. Now a days they allot a huge budget in advertising as they know they can get more customers on it to play on their casino. That is why no matter how nice your casino is, if you ain't investing in promotions, it is still useless.

For a new gambling casino, its quite too hard to them recognized by the community because there's a lot of casino that already exist and gives a really good quality of services to be part of this as a new casino they also need to show ups themselves just to give a chance and one of the best way is doing with the multi-level marketing strategy like the other casino did at the same time, additional with the presence of the people in the world of social media, if you keep browsing those people who have tons of followers offering this kind of advertisement to their players and by that if the number of active players increases thats the result of one of their effective marketing strategy.
In the end, a new casino must have a large enough bankroll or large funds to carry out promotional advertising or any marketing strategy to introduce the casino to everyone or the public.
In this way the casino can be recognized by many people with all the promotions that can attract new customers to try new casinos.
Promotion bonuses are also the most sought after by gamblers out there or faucet system which customers can take free to try new casinos.
Faucets can be one of the attractive features for casinos to provide evidence to customers that new casinos are very luxurious with all the attractive promotions and features.


Title: Re: Why do new online casinos struggle?
Post by: jrrsparkles on April 08, 2023, 06:21:15 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
Ending signature campaign doesn't mean they are struggling to allocate budget for their advertisement, it has other reasons too like some gambling sites run campaign for years so they thought okay its enough and we can spend that money on other platforms apart from bitcointalk while talking about new the results aren't that effective as they expected so looking alternative way of advertising.

Gradual growth is good and pocket friendly but it takes time so it depends on the operator and what goal they're having about their casino and its future so they need to make decisions depends on it.


Title: Re: Why do new online casinos struggle?
Post by: mak013 on April 08, 2023, 06:53:01 PM
Any new casino has several ways of growing up. The promotion is only one of them. And i don`t sure that new casino has no other problems except promotion.
For some of them it would be better to have small quantity of gamblers at start. It can help them to fix bugs, check equipment, work with gamblers feedback. And only after all these events spend money for marketing.
You are very correct, but then again, it is actually very rare to see a casino that started out their gambling business with lots of customers,  every casino starts with only a few customers, this is not something that is peculiar with casinos alone, it is almost same for every business, this is because at the very start, casinos have to first prove their legitimacy first and seriousness, this is how gamblers begin to trust them and they(the casino) start building out their reputation, when trust has been fully established and customers are not longer doubtful of them, at this point, if the casino is still struggling with few customers, it's time for them to employ heavy marketing and promotions.
I think that there are different ways to success. Sometimes it is marketing. But sometimes it can be better to use these money for improving services, security, website. Probably they can create mobile app. But i`m sure that anyway they have to promote their casino sometime. Or they`ll stay small high quality casino.
Marketing is one of the fastest way of making money in the gambling world as a company by creating awareness for  gamblers to know about there service. It is also good when casinos improve there services so the experience of customers would be unique and better. We have so many gambling platforms online include fiat and cryptocurrency casinos giving gamblers a choice to make depending on what they are interested and like to bet on. This is why casinos need to be unique in the service so that gamblers can find a place to enjoy when using a casino.
You`re right about marketing. And if the casino is sure in their services, servers, security system - the marketing is the excellent way to attract gamblers and their money. But we are talking about new casinos. Most of them have lots of problems and they need money to solve it. So the marketing for them may be a bad decision - they`ll get gamblers when they have problems and will get awful feedback.


Title: Re: Why do new online casinos struggle?
Post by: fullhdpixel on April 08, 2023, 07:08:59 PM
going all in would be a lot better than doing it slowly or with small advertisements(I am not saying that doing it slowly doesn't work). if they are going to go all in with their advertisements they should also be strategic about their marketing to not waste unnecessary funds for their marketing/advertisements. now, despite my saying that going all in is better, it is still not guaranteed that the casino will be successful because marketing isn't the only reason why casinos succeeds.
All in sound like the same when we all in our bets in a casino. It is risky because once we lose, we are no more but the only good thing about it is that we can also win huge if we hit out bets. In terms of advertisements, I think it can be done slowly. We will test out first if the advertisement platform that we use is effective and can deliver a great results but if not, we can stop it and pay another in the other platform.

We must know that advertisement is only a small part of the pie but in order to make it more effective, our site needs to be fully furnished first. It's normal for a new casino to struggle because they can lack of something yet but as soon as they progress, things will only get better so the goal is to not get discouraged easily but they should only stay consistent on working hard.


Title: Re: Why do new online casinos struggle?
Post by: Mr.right85 on April 08, 2023, 07:36:49 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
Your goals for your project is what really serves as a directive on what or how to go about managing your funds andrhe means of going viral. Be left assured, there are alway going to be interpretations to it just as, you've attached ending or pausing of campaigns to mean a project isn't doing well.
Maybe or maybe not. Maybe they've gotten the  results they want or aren't getting it and just maybe they've exhausted the funds that was budgeted for that form of publicity and would be looking at other directions. It's subjective really.

The way you start depends largely on the CEO or board if it's got one. Campaigns don't always end in publicity but could be giving back as well. Starting small could send the a signal of, you ain't got what it takes to run a casino or sportsbet while, starting big could show your capacity of being ready fundwise to go all the way.

Meanwhile, it all comes down to what's the best means to attain your goal and so  you've got to evaluate it and be cool with the results your means grants you.


Title: Re: Why do new online casinos struggle?
Post by: tjtonmoy on April 08, 2023, 08:27:32 PM
Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?
I think it is always better to plan everything and then jump in the business. If you start right away, there's always the chance of many bugs and system error. And there's always the problem of funds. You need a good strategy in order to build a strong platform. The new casinos are crashing, not due to fund problem I guess. It's because of their way of approach. There are already other reputable casino who are better than them and doing ok. They approached the market with good strategy and well-thought-out plan. And I am sure they took their time to do it.
So what I understand is that depending on their goal, they can choose what fits best for them. If it is to raise fund, then the slow approach is the best option. But if you already have the fund, you can dive right in and plan as you go. But it's a risky approach. 


Title: Re: Why do new online casinos struggle?
Post by: blockman on April 08, 2023, 09:02:42 PM
Right now, the real killer is the marketing because this is the bread and butter of casino industry to become successful in this business.
It is one of the biggest factor but it's not all about marketing. There goes the actual experience that they offer to their users and that's a good capital for them to get a head on.
While some casinos think that it's just enough to have a marketing run and then will get to expect results quickly, that doesn't go like that. It has to be a long term commitment and process before they see the positive results of it.
But if it's not, they can come up with another strategy that will make them be ahead there because the path isn't easy to all of them even those that are successful now.


Title: Re: Why do new online casinos struggle?
Post by: Ronsbit on April 08, 2023, 09:37:05 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

There is no wrong for a new casino to start small and grow big as long as they are of good service to their participants. The one thing i believe is that your out put would credit you for your rewards. So growing gradually should not be a problem to a new casino in need of funds as long as they have and render quality service to their members which should be their utmost priority.

Although, their is nothing wrong to doing advertisement but quality service should be the ultimate goal so that the advertisement can remedy their services.


Title: Re: Why do new online casinos struggle?
Post by: danadc on April 08, 2023, 10:00:35 PM
Any casino that has the operators behind it not being experienced enough in gambling will suffer alot in terms of cost of operations and maintenance because they don't have an idea of how it had been used to be, all you will see is that they are spending much but seing less, before a casino can come into full operation, they needed to carry out sone pre-operational check and research on that particular field, gambling casino is not what anyone can wake up and decided to run, else he has failed already right before starting.

The operating expenses can be interpreted as maintenance expenses and if it is obvious that they need a study before launching a casino, but I think that every casino owner or person who wants to get into this business should do an investigation and a simulation to see how it is and how all this works, so you will know what package you are getting into and if you are able to bear it and how you can deal with it and also, most importantly, if you have the Monetary strength to do it, because otherwise it is preferable that you think about another business.



Title: Re: Why do new online casinos struggle?
Post by: QueenVera on April 08, 2023, 10:37:45 PM
One reason why a casino fails especially the new ones is the fact that they want to compare their one step to that of another casinos one thousand steps. This simply means that new casinos should learn how to stay in their pace and take things very easy upon themselves and not try to do everything at once.
Marketing is very important for a casino to be know and to gain customers so I believe that for any casino coming into the industry, should have a budget and allocation for marketing if they truly want to be known and seen in the industry.


Title: Re: Why do new online casinos struggle?
Post by: bettercrypto on April 08, 2023, 11:53:34 PM
One reason why a casino fails especially the new ones is the fact that they want to compare their one step to that of another casinos one thousand steps. This simply means that new casinos should learn how to stay in their pace and take things very easy upon themselves and not try to do everything at once.
Marketing is very important for a casino to be know and to gain customers so I believe that for any casino coming into the industry, should have a budget and allocation for marketing if they truly want to be known and seen in the industry.

Also, most of the new casinos that appear in this industry do not think carefully about the flow of their plans. Because sometimes what other casinos do is laziness.

      The other casinos are also just copying the strategy of other casinos that have been here for a long time. So I agree with what you said, in fact, they lack experience in strategy and community building here in the cryptoi space. So in the end, their business does not last long here in crypto gambling as well.


Title: Re: Why do new online casinos struggle?
Post by: CryptSafe on April 09, 2023, 12:33:58 AM
One reason why a casino fails especially the new ones is the fact that they want to compare their one step to that of another casinos one thousand steps. This simply means that new casinos should learn how to stay in their pace and take things very easy upon themselves and not try to do everything at once.
Marketing is very important for a casino to be know and to gain customers so I believe that for any casino coming into the industry, should have a budget and allocation for marketing if they truly want to be known and seen in the industry.
What you have just said is not too far from the truth. New casinos always wants to compete with already existing casinos that have stand the test of time. Old casinos that have gone through the hurdles of gambling world and still stand strong delivering their services perfectly are the possible opposition to the new casinos hence their aggressive act to put them off the scene which I think would not be possible for them because the new casino would have strong force to contend with to survive and stand the test of time.

What I can tell the new casinos is just to take time in growing step by step as it is normally said that " Rome was not built in just a day" they will have to build their products and sell out their catching point before they could be able to survive the best from the bigger casino whom are their perssived opposition.


Title: Re: Why do new online casinos struggle?
Post by: lienfaye on April 09, 2023, 02:11:31 AM
Casino is a business, and like any other business, before you build it you must have plan and of course budget to promote your casino. Marketing is very important to attract new customers. If the casino is pretty new and just starting, it's hard to gain the trust of the gamblers especially there are many established and trusted casinos that are already existing for years.

If they want their casino to be notice and get the attention of the gamblers, there should be something unique in their casino that they can't see to other platforms. Moreover they need to conduct a promotions and advertisements because it can help to spread awareness about their platform. It's expensive but that's part of the path that they need to take in order to gain the trust of the gamblers to play on their site.


Title: Re: Why do new online casinos struggle?
Post by: Nrcewker on April 09, 2023, 03:02:53 AM
Casino is a business, and like any other business, before you build it you must have plan and of course budget to promote your casino. Marketing is very important to attract new customers. If the casino is pretty new and just starting, it's hard to gain the trust of the gamblers especially there are many established and trusted casinos that are already existing for years.

I will say funds play here the important role. If you don’t have enough bankroll, then soon you will be struggling in the race. I know many casinos at first doesn’t have enough funds to start a running and successful casino. What they can do is just raise funding from big people. Pitch your casino idea among big investors and raise investments from them. Make some unique pitches so that you get the funding, and use those to operate the casino. I am emphasising more on funding because, through funds you can do marketing and marketing plays the important role to make any site hero or zero. As many sites don’t have enough funds for marketing, for that reason they suffer.


Title: Re: Why do new online casinos struggle?
Post by: Helena Yu on April 09, 2023, 04:25:58 AM
Ending signature campaign doesn't mean they are struggling to allocate budget for their advertisement, it has other reasons too like some gambling sites run campaign for years so they thought okay its enough and we can spend that money on other platforms apart from bitcointalk while talking about new the results aren't that effective as they expected so looking alternative way of advertising.
But I think it doesn't wrong, if they have a lot money and their casino become bigger, they should don't have any problem to run a long term signature campaign in this forum. Take a look with a reputable casino which still run with and without signature campaign, the casino without signature campaign mostly dead, turn become scam or many gamblers tend to choose other casino.

Not many casino without a signature campaign can survive in this forum.