#1. I'm not familiar with this practice so I can't say anything about it.
#2. In most cases you have an already established operator investing into a "satellite" brand, that satellite brand is operated by a completely new team that was initially pitching the idea. So let us say that you and your friends are really good at managing other people's casino departments (e.g. you work for Bet365 or Stake), you've already outgrew the positions available within those companies, so you decide to open up your own casino that has some special marketing formula, you would then pitch your idea to operators who would be willing to open up a satellite brand. Sometimes even platform providers or game providers decide to act as investors, and you obviously have a lot of crypto exchange investors. If you would like to connect with these people, you would need to attend conferences and mingle around igaming events.
#3. Uf, also a complicated issue. The money laundering matrix is huge and can spot it from miles away, but although it's a smart little tool, I assure you that people who launder money are usually very, very stupid. Last time I had to deal with an issue the gentleman opened up three accounts under e-mails like "name.surname@gmail.com" + "surname.surname@gmail.com" and "namesky.surnamesky@gmail.com" under the same IP address, and claimed that those accounts aren't his, although it was obvious by just looking at the mails that it's the same person. But keep in mind that not every individual casino does the money laundering check, it's on a group basis. So if 1000 casinos have the same platform provider (SoftSwiss), the platform provider checks the players on a group level, with group level data, and then flags them. With that we can spot a money launderer even before he deposits on our casino, because he has a track record on other casinos.


#1. It's extremely hard to find a reputable poker provider, like, really hard. Pokerstars is dominating here and there's nothing that we can do about it. Because of that you'll not see that many casinos with live poker games.
#2. It's usually offshore dedicated servers with cloudflare, DDOS attacks and similar are common things so you want something reliable. But the industry is slowly moving towards headless solutions, but it's hard to find hosting providers that want to host a casino, you can't just go to your regular godaddy or a2hosting provider and host a casino there.
#3. Most of the solutions are web apps made in angular and react, so I'm not sure a VPS is the ideal solution, but overall a 6-8 core CPU and 32 GB RAM could do the job (I think).
#4. It really depends on the casino, some operators share your KYC data across their brands, others don't, but I assure you that it's in no ones interest to make problems for the players.
#5. That's probably a good question for game providers, I don't know the answer, but I'll try to find out.

#1. Who pays when I win, is it the casino or the game provider?
A: It depends. If it's a solo game, then the casino pays. Like a slot game hosted on the casino, or a regular jackpot, or a regular live casino game. If it's a progressive or multi-game offer, then it's the game provider since several operators chip in to make that bucket huge. E.g. if you have a progressive jackpot of $12 Mill, that's not coming out of one casino, we all chipped in a bit to get to that number, and then if that win is triggered at "my casino", I don't pay a cent on it, it all goes from the game provider (who took it from 1000+ casinos). So it all depends on the system, game and deal the operator has with the game provider.

#2. Which papers does a Curacao license need?
As I mentioned in some of the posts above, it's one of the "easiest" licenses to acquire, and you just need a proper business plan and your regular KYC that every country asks when opening a business, additionally Curacao asks for a clean police conduct. If you google this topic you'll find several takes, and the reason I'm not going to write down more details around this is because the process is changing, and it might be different in a few weeks. Netherlands are restructuring how they are operating Curacao licensed entities so the process will change.

#3. How does my country for example Philippines will benefit by accepting license from Curacao?

Philippines is a restricted country per Curacao laws, but if you want an answer regardless of that, no, it's not benefiting at all, this was one of the main issues with Sweden and Poland here in the EU.

Basically both countries didn't want to introduce an online framework for casinos, but actively blocked all other casino providers from operating there. What that did is create a huge black market. After years and years of losing those tax funds to black market operators, they finally smartened up (Sweden at least) and introduced their own license framework, and can now offer proper licenses and tax those operators.

In my opinion, every country should introduce a legal framework for operating an online casino within that specific country, create a licensing structure and force the operators to open local offices and employ local people, and encourage competition. That way everyone would benefit, and you would see less Curacao licensed brands.

#1. Can you elaborate here? I didn't understand what you mean by this.
#2. I worked for over 10 different brands and am surrounded with a large group of people from this industry, and I can tell you that's completely not true for licensed operators. The thing is, in most cases the house is the one that wins, and even if there's an individual here and there that stands out of the crowd, if it's a legit way of winning we let them win and offer collabs, especially if it's a twitch streamer or influencer. There's no value in limiting an active player. However, if they are constantly winning due to a loop hole, then yes.
#3. If the license is from Curacao, it doesn't mean that the operation is based in Curacao. So, wherever the operation is based, that's where the taxes are being paid. That's for Fiat operations, for Crypto I don't think I need to explain you anything since we're on a crypto forum
#4. I didn't understand the question here completely, but if you're asking me who's paying for a win, the casino is always paying for it. There are some shared pools in some games where major jackpots are being divided, but those are rare. The casino is always the one that pays out the win.

I know that this will be hard to understand at first, but try to look at this in this way.

You know about the game Tomb Raider from Square Enix, right? What's the purpose of the game? To entertain you and get paid for that, right? It asks for $39 for 20 hours of fun. Was the game good? It was. Will you buy the next one? You will.

Now to the casino, same thing, let us say that you have Betsafe.com that is managed by Betsson. What's the purpose of Betsafe.com? To entertain you and get paid for that, again.

The only difference her is that the Video Game has the story element, while the Casino Game has the thrill element. Those are the USP's.

So with that said, the goal of an operation that wants to stay on the market is always, and I say *always* to give a good player experience. If you lose that player you've lost an ongoing income source. Most of us would rather have 1000 players that gamble $20 per month, every month for the next 36 months, than 1 player who loses $50.000 in one month and disappears after that. Evergreen businesses are built on good quality service and a constant influx of players who like your brand and spend regular time with you.



It's called a KYC matrix. With a huge influx of players you can't manage each of them individually, and you (as the casino) can't get into any legal trouble if they just spent the money on your casino, so you create a KYC matrix that checks every player that joins the casino and rates them. However, if someone is from an illegal country like US, and they deposited $100 and won $100.000, and all your red flags point out that that money will go to a US based user, you will rather refund him the $100 than have problems with the FBI.

Fines in this industry are huge, and I could write a whole article just about the legal issues you can have. For an example, I have a lot of friends in the industry who can't travel to Turkey anymore, because they operated a casino business there and the government decided to ban them from entering the country. So, in other words, you don't want to fuck with a jurisdiction in which you can't operate legally.


#1. Up to you guys, as long as it doesn't get too spammy and it's fun for everyone.
#2. It depends on the operation, check what I wrote above about the KYC matrix. The "grey zone" here is that no one will bother KYC'ing a losing customer, but once the money from the casinos bank account needs to go to a forbidden countries bank account, then that's an issue. Also, as a casino, it's not your fault that someone from a restricted country decided to gamble, and you have the full right to KYC them before sending them a larger sum. Our own practice is to not even enable the possibility of a user from a restricted country to join in, but affiliates sometimes push whatever towards us and then you need to rely on the matrix.
#3. Uf... this one is complicated. Basically every license has its own countries in which you can operate, and every skilled team within this industry is usually (usually) specialized in just a few markets. So if I'm starting a casino with a team skilled working on Asian markets, or in Sweden, I will not have any use of an MGA license, I will need to pick the licenses for those markets.  Also, Curacao was one of the few licenses that were easier to acquire than MGA, and most new teams would first go with a Curacao operation, and then move on to other operations. Still, easy doesn't mean non-regulated, there's still a lot of paper work and responsibilities tied to owning a curacao licensed entity.
#4. Oh yes, people here usually jump every 6 to 12 months to a new company, but I wouldn't recommend hiring that type. I personally, when I hire, I'm selling the vision and trying to get a long term talent into the house, but that's getting harder and harder since the pool of skilled iGaming workers is small, so the salaries get astronomic. You want to find a Technical SEO person skilled in Angular and React platforms who is also well connected for Off-Page marketing in New Zealand and you only offer $40k salary per year? Well, good luck with that
#5. The casino games are here to entertain you, not to give you money. Imagine if the core business would be giving money, how much sense would that make? As soon as you switch your mindset and you're completely aware that the core business of that slot game is to entertain you, not to make you rich, you will stop caring about these things. However, to answer your question, if it's a licensed casino, it has to have provably fair games, the regulator will not permit it other wise.

Same as with any business, you're made out of several puzzle pieces. To have a full-fledged casino experience, you need;

#1. The Casino Platform that will host all of the puzzle pieces, this can either be your own, in-house solution, where some major operators like Betsson hae their own, while most start-ups usually use SoftSwiss as their casino platform solution. Then once you get that platform, you need to "assemble" the rest, which is:

#2. The Game Providers, usually the casino platform will have their own "default ones" that come with each casino, but for better game providers you will need to have better licenses. The relationship between the game provider and yourself is in % of rev share, monthly commitments and bonus costs, the amount and the exact deal depends on you and how you agree on it, but you will always be paying money to them. No one will onboard a game provider for free.

#3. The Payment Providers, these also depend on the type of license you have. E.g. if you have a UKGC license and are operating in UK legally, you can apply for several well known payment solutions (Paypal, Visa, Mastercard etc). But if you're operating without a license, you're usually depending on crypto or low-end payment solutions. Curacao is somewhere in the middle. You're legal enough to have bank transfer options, but grey enough to be ignored by some bigger payment providers.

#4. The Affiliate Platform, this is mostly tied to the casino platform, but can also be a separate solution (or a custom-in house solution). Basically a platform with which you're managing the affiliates and the deals that you have with them.

#5. Customer Support. This is also mostly outsourced, there are several providers on the market, one of the best is actually coming from Betsson who started outsourcing theirs just a few years ago. Sometimes 50+ casinos share the same customer support provider, which is the reason why we're getting such mediocre results as players when reaching out to the CS.

But basically all of the above things ask for money and sometimes a percentage of your revenue, it all depends on the agreement.


To answer your question though, who dictates the success of the casino? It's mostly the casino owner who either from experience or luck knows which combo of the above is best for a certain market. You need to find a balance, you can't have the best games paired with the worst payment providers, or the best payment providers with the worst games. There has to be a balance of good games and good payment solutions, and then throw in good bonuses and marketing.

From my experience the best approach is to just have a good, human approach to the business, through good VIP and general support, and a balance of providers, and the players will recognize it and appreciate it over the long term. The trouble is that most of the happy players aren't vocal, but the scammers are.

People think that all casinos are pure money making machines, but at the end of the day it's an entrepreneurial venture like any other, and as with any other company, you can go bankrupt and not earn anything with a casino as well. There are certain things that we do to guard ourselves from these.

#1. Implementing KYC if you don't have a good team that can manage a high influx of scammers. There's nothing worse then 1000+ accounts jumping on to your newly opened casino and using up all the bonus funds. The bonus that we're giving out isn't something conjured out of thin air, it's an amount we pay to the game provider. So if you have a no deposit bonus offer, and that one is being misused, you can easily screw up your trajectory.
#2. Implementing a withdrawal limit on big wins. Big wins are an essential part of a casino experience, and you need to pay them out. However, if it so happens that you get 10 big winners within one week, that could drain out your bankroll and risk the salaries of the team. To battle that, we add certain rules in the TOS, one of them being a limit on weekly withdrawals.

One funny thing that I remember that happened to us with our last casino -  it was our last week, just before closing, when we stopped all traffic and marketing, one guy from BitcoinTalk came, played for a few days and triggered a massive win : ))) We've already calculated our losses and were ready to close it, then a member comes and says "no no no, open up the books again, I won" But there's nothing that you can do except communicate the weekly maximum pay out and pay out everything in "installments".

Countries are divided into legal, grey and illegal markets, how you categorize them depends on the country itself, and if they have a legal framework setup or not.

If the country doesn't have a legal framework, but you have a casino license to operate there, you can go and operate. An example would be the Malta Gaming Authority system, with which you could, technically, operate in the whole EU. However, during the launch some countries didn't had a legal framework (like Sweden back then), so you had a lot of online casinos operate in Sweden as a grey market.

A legal country would be the one that has the framework and licensing in place, like the UK which has the UK Gambling Comission.

An illegal market would be the one strictly banning your type of operation, like the US, with which you don't want to fuck around.


You can get more licenses, Gibraltar, Estonia, UKGC, MGA etc. With more licenses you get access to more countries. There are also shady practices with some operators who decided to let in some countries due to the profitability of the players base, but those players are not protected by any laws then. Only play on operators who are operating legally within your country.


Curacao isn't useless, it still creates some sort of ownership and responsibility, not as much as MGA or UKGC, but it's still something. If I would choose between playing on a completely unregulated casino and a Curacao licensed one, I would always go for the Curacao one. However, to answer your question, no. MGA is currently trying to implement crypto casinos, but it's a slow process. What some operators are trying to do (which we did in the beginning as well) is to try and operate a crypto casino per the MGA laws and instructions, and then hope once MGA recognizes crypto casinos as regular casinos, we would get first entry. However, the situation is more complicated than we first thought.


Depending on your platform and game providers, as well as marketing suppliers and the size of your team, anywhere between $3.5 to $5.5 million. Whoever tells you less never operated a successful casino. 


Yes. Basically the less rules you follow, the less providers and suppliers want to work with you. You want to have the best games and best payment solutions? You need to follow more rules, and unfortunately KYC is one of the mandatory things if you want to have flagship games and flagship payment providers. Also, not having KYC means a lot (and I mean *a lot*) scammers, so by not having KYC, you need to have a strong legal/customer support team to manage the influx of scammers.

It's been a year since I've joined this forum and I was somewhat reluctant in opening an "Ask me Anything" thread due to all the spam going on in the gambling section, but several users requested it, and I've also enabled self-moderation to battle the spammers. Hopefully it will be a fun exercise where we can all together make this section more interesting.

So, I've been in this industry for a while now, I'm part of a team that operates several brands, and have also worked within other operations, including MGA, UKGC and Curacao licensed brands. I would say that I know the ins and outs of most of the operations out there, including some high end competitors, and I would love to share any insights or answer any burning questions that someone outside of the industry has. I'm not the owner of the casino though, so I'll not be able to answer questions targeted towards that area of the business, but I can try to shed light on anything else.

I can cover almost anything, game selections, bonus methods, VIP players, troubles with the law, license structure. You can ask anything, and if the questions are really interesting, I'll include them in this post as an edit.

Regarding the self-moderation aspect of the thread, I will not abuse it. I don't mind entering a proper argument, maybe you'll learn something new, maybe I will. But if I smell an AI-written post, or a random one just to boost your campaign numbers, I will delete it. I already created more than enough cool threads that got eaten up by spammers, I don't want this one to be another of those.

Answers to Frequently Asked Questions:

Q: How much money do you need to open a Crypto or Fiat online casino?
The minimum recommended amount for an experienced team starting an online venture would be in-between 3.8 Mil and 5 Mil, all depending on the team and their salaries. Most new casino operations get profitable anywhere between 14 to 18 months, so you would need enough money to survive that period. However, that's for people who have previous experience with managing a casino operation and are bringing in a lot of contacts from the industry already. If you're starting from scratch, with a junior team, you will need to set more money aside for consultants and failed campaigns.

Q: Can I open an online casino by myself?
I wouldn't recommend opening a casino by yourself or even with a team of junior people, the market is so competitive that you will either be eaten up by the competition, or by scammers. It's a tough job with a lot of stress. If you would like to enter the industry, and do something by yourself, you can always open an affiliate site with Wordpress and work your way up.

Q: How many people do work at an online casino?
Smaller operations usually have up to 15 people, medium operations up to 500, larger can go up to 5000, it all depends on how many services they do in-house. If you're outsourcing almost every aspect of your business, then you can work with a smaller team, but if you have your own customer support or your own casino platform, then we're talking about several hundred people for just one department.

Q: How does a regular online casino work?
Most smaller to medium operations work in a so called puzzle-style operation, that means that you, as the operator, are made up of several pieces that are completely separate from your business, with which you either partner up or you pay them for the services they offer.

#1. The Casino Platform itself, the key element. Same how there are platforms like Wordpress and Kentico, there are also finished solutions for your Casino, usually built either in Angular, React or, sometimes, in Next.JS. Those are companies that are known within the industry and usually manage everything for you, but for a fee of course.
#2. Game Providers, the most important aspect of a casino, there are over 100 different gaming providers on the market who take care of the games, their quality and security. So instead of making your own games, you just plug them into your casino.
#3. Payment Providers, you usually do not process payments in-house, and it's also not recommended since it's a lot of money in question, so you rather let a professional manage that. This is why you get payment providers like Mastercard, PayPal, GooglePay, ApplePay and similar services.
#4. Affiliate Platform Provider, instead of having your own system for onboarding affiliates, you usually outsource this as well.
#5. Customer Support Providers, again, instead of hiring 30 employees of your own, you just find a company that can manage this aspect for you, usually it has to be an experienced or iGaming dedicated company because there's a lot of lingo going on. However, this is also one of the reasons why some smaller operations have bad customer support = because it's outsourced. [/li][/list]


So, basically, the smaller you are, the more you're outsourcing, but the more percentage of your winnings goes to the providers. The bigger you are, the more stuff you're doing in-house.

Q: How much money does an online casino earn?

There are tons of casinos that are publicly trading, so their earnings are available to the public. For an example, you can Google Betsson AB Quarter Report, and you'll see that they are ranging around 50 Million per quarter, but they are also a huge operation that eats a lot of money by itself. Smaller operations usually earn anywhere between 250.000 to a million per month, but since it's such a volatile market, you have to have a fat war chest for hard times.



 

I understood him the first time and checked the presale, and although it's a creative way of advertising a business, I would still stand behind what I said: be mindful about "earning money with a casino" approach if you're exclusively just a player.

Ili bilo cega drugoga za fiat na cemu si okrenuo pare, tak da nisam ni ja skužio ovo gore.

Where do I send the address for my top 10 award? Is it again a silver statue like last year or? 

The point of all the casino businesses is to offer you entertainment and thrill in exchange for money, not to make you money. I'm not gonna bash that casino or tell you not to play it, I'm just telling you to be mindful about the role that we, as operators, play in the field. Play only with the money that you can afford to lose and don't expect big wins or any type if income from a casino operator.

Hey,

I'm working on a new project and I would like to do a collab with website owners, bloggers or service providers that have the opportunity of placing an article or a link on their website in exchange for BTC.

I am not looking for SEO agencies, I had enough of those, I just want to speak with individuals who are running a genuine website with a purpose. Depending on your sites strength, my prices range from $25 to $250.

The only rule is that the site has to be around cryptocurrency.

I tak ja jučer kod bankara, razgovaramo, zajebavamo se, ja pojasnim svoje planove za ovu godinu, a on meni = e, može, ali morat ćemo napravit bolji pregled tvog poslovanja.

Zašto, što ne valja s papirima?

Ništa ne valja s trenutim, samo trebamo još njih.

Mislim, nije problem, ali šta se dogodilo?

Segmentiran si kao high risk customer u sistemu

Zašto sam segmentiran kao high risk customer?

Zato što si iz Hrvatske, koja je grey listana, te radiš s Curacao klijentima, koji su također grey listani : )))))

https://www.reuters.com/world/financial-crime-watchdog-adds-croatia-grey-list-countries-under-scrutiny-2023-06-23/

Za Curacao sam znao, lako za to, ali da su i nas pod nož stavili, pa jebem ti..

Baš to, te neke vece stvari namjerno ignoriram jer mi se ne da bit razočaran, onda ih u nekom trenu pogledam sve u tjedan dana = pa opet ostanem razočaran

Baš me zanima što agenti i glumci themselves vide u tim nekim filmovima, gdje je već po skripti očito da će bit kurčina od filma.

Mimo toga, na random sam na kompu naletio na neki film ful blesavog imena, The Peanut Butter Falcon: https://www.imdb.com/title/tt4364194/

I bez da sam uopće znao zašto ga imam sam tokom večere okinuo s nekim planom da pogledam prvih 20 min, da bi na kraju prosjedio kroz cijeli film - prvo zbog Dakote jer imam soft spot za nju, zatim zbog ostalih. Puko se smijat ko debil kad sam skuzio od kud su izvukli naziv filma, tako random, a dobro.

Stari moj ovo je vrh, ja nule provjeravam na normalnim fakturama, kamoli ne na kriptu

Ali fakat su kreativni svi redom.

There's already tons of dice games out there, from live to digital.

Digital Dice from BGaming: https://www.rooli.com/game/rocket-dice-xy
Live Dice from Evolution: https://www.rooli.com/game/craps-evolution

What would be the benefit of this specific game then?

Momci jel imamo kakve preporuke za novu godinu?

Malo mi se prosušio portfelj, toliko sam nisko spao da sam počeo gledati Jackie Chan filmove.

Ma užas stari vodim neki Australski team i svi su u nekoj sjebanoj time zoni Oka nisam konkretno sklopio zadnjih mjesec dana. Što je najgore još nisam lego jer sam se tak natanko kave sinoc da jednostavno ne mogu.

Idem sad zmotat kablove i pogledat neki film, dosta je za danas

Daj zabrij da fakat otvorimo dkbet98.com )) Show.

Bit ću iskren s tobom. Pun mi je kurac ovakvih sajtova više.

Prvo kvaliteta, svaki mogući krele i njegova baba otvaraju casino affiliate sajt i na random pišu recenzije bez da zapravo otvore account s kasinom. Svi na random generiraju članke, koriste google translate, AI, spintax i ostale pizdarije, samo da se nešto posta. Nitko zapravo ne želi doć i sjest i napravit konkretno posao, osobno recenzirati, baciti 50 eur, odigrati, ostavit screenshotove ili neki falus. Ne, samo da je što više generičnog teksta sa što više affiliate linkova. Onda se čude kada propadnu za godinu-dvije.

Zatim imena, koliko sam se u ovih 20 godina poduzetništva naslušao "BALKAN" projekata stari moj, zlo mi je od svega toga. Kakav balkan? Nije ovo više yuga di vrijede ista pravila za sve. Primjera radi, Srbija, Hrvatska, Bosna i Makedonija su četiri različita tržišta s četiri različita seta zakona i regulacija. Promoviraš Rizk "za Balkan", a isti u Hrvatskoj operira s jednom licencom (MGA) i ima jedan set pravila, igara i terms of use, a na drugom marketu (Srbija?) ima drugu licencu, selekciju igara, bonuse i ostale pizdarije, dok na trecem (Bosna?) uopće nije legalno dostupan i ako fakat odeš i igraš iz Bosne, te ideš povuć dobitak, bude ti se refundirao inicijalni depozit i zatvorio account jer igraš protiv TOS-a. Kakav balkan? I onda mi dođeš i kažeš da me neće zajebat, a ni sam nisi pročitao TOS : )))

Ako već hoćeš otvoriti casino affiliate sajt, daj to napravi kak treba.

Nađi neko brandabilno ime, vidiš kako su Rizk, PaddyPower i Rooli uzeli brandabilno ime? Uzmi i ti, nazovi nešto PmalekBet.com ili Dkbet98.com - zajebavam se sad ovdje čisto primjera radi.  

Zatim nauči kako odraditi segmentiranje marketa.

Ako nemaš para, idi folder level:

Dkbet98.com/hr koji ima isključivo hrvatski content
Dkbet98.com/rs koji ima isključivo srpski content
Dkbet98.com/ba za bosanski

Ako imaš para, idi domain level, Dkbet98.hr, Dkbet98.rs, Dkbet98.ba etc

Zatim napravi taj content kak spada, jebemu krv. Regaj se, ostavi 50 eur, daj screenshotove, daj pravila i termse za taj specifičan market. Testiraj customer support, nemoj samo na random doć i reć "da da kul je customer support" a chata nisi vidio.


Dobrodošao na forum though, nisam spavao sinoc pa sam malo napet.