Are there any successful and relatively new casinos?

[Botnake]

One of the new Casino that's making a name now just launch this year and hopefully, they can last and be one of the older casinos that we enjoyed playing is, Casineos you can check them out if you haven't tried their platform https://bitcointalk.org/index.php?topic=5222618.0

I have not use this site yet, thanks for sharing, but can we already consider this site a new and a successful site.
Please let us know if you have been following the site, because AFAIK, there are no new sites that are already successful here in the forum, but of course that depends on how we define the word success, if it's based on popularity then maybe it would not happen easily as it will take time.

One site which I think popular now was sportsbet.io, I have been using this site before until now and they have really improve a lot, and they already gained a lot of loyal gamblers that's why I can say they are successful, but then,  that's just based on my observation only.

[peter0425]

One of the new Casino that's making a name now just launch this year and hopefully, they can last and be one of the older casinos that we enjoyed playing is, Casineos you can check them out if you haven't tried their platform https://bitcointalk.org/index.php?topic=5222618.0

Well for me it is roobet,though it runs for almost 2 years now yet they are still New in this field but we can prove how successful this team and company was



https://casinoonline-bet.com/what-is-roobet-history/#:~:text=Roobet%20Casino%20was%20founded%20in,fun%2C%20fair%20and%20safe%20manner.

and with their multiple promos and games now?no wonder they will be the biggest gambling network to come this 2020.

[swogerino]

I think that there is no real new casino which has become quite famous during this time.In fact I think this will be very difficult because in order to win audience you have to bring a wider variety of games and better promotions which is not easy at all to do.You cannot expect to grab some players from other casinos if you as a new casino don’t offer the above.

[bitbunnny]

I don't know any new casino that I could revommend. Haven't tried or heard of any. Although, I'm not actually the type to experimente with casinos too much, if I'm satisfied with games choice, security, customer support and withdrawal policy why changing anything.
I can understand that players want to try something new but just because of that new casinos that are often cover for scam appear all the time.

[FontSeli]

The chances are low and odds are against unless the new casino aims to be a specific game focused gambling platform. The long term success will happen but there are questions have to be answered by the team before going to accept this decision: Will they be able to advertise among the new casino and gain the trust of players among all the old established brand casinos?

It is very easy to attract attention with good advertising, welcome bonuses and a beautiful and convenient website design. However, it is much more difficult to make sure that those who came to play remain there forever. It is most difficult to acquire regular visitors.

It is not that easy, good advertising such as signature campaign or forum banners does not give any guarantees that people will come to the site. Beginning phase of a business including gambling business is the hard part as it needs so many hard work as well as patience from the owner. I can even say that keeping players to stay is easier than attracting new players to come.

As far as I understand advertising on the forum for most of these casinos is not the only one. They are also advertised in other places in order to reach the target audience as much as possible.

[Sadlife]

Casino sites is a trend right now that's why many business man are following the demand and you can see there's a lot of money to be made even millions in only a matter of days because some whales bet huge amounts even though the probability of winning is low.
Some fail because they dont have good funding, promotions, SEO and most of them are fake gambling sites.

[FontSeli]

Perhaps, with the new casinos entering the market, the competition will be harder since the old casinos already established their crucial characteristic which is their reputation, I am not saying they wouldn't stand a chance, but with the right marketing and good service they could provide, it will still be possible for these new casinos to compete.

In order for casino owners to get used to the new business and compete with those who have been on the market for a long time, you need to invest a lot of money in advertising, in encouraging new users. You can offer something new that other online casinos don't have. So far, I've only seen ways to invest a lot of money in advertising and offer welcome bonuses to new players.

The should probably create good/safe betting games that more bettors can win regularly, learn something productive from or both. I guess that will count as unique if nothing like that exist already in betting world. Most are probably still creating things that do not excit people well enough and that aren't easy to use/win

Increasing the winning percentage of player's bets is a bad competitive for the casino. If every casino does this, they will run at a loss. This is deadly for business. There are many ways to attract players, and even I have written about them here many times.

[kryptqnick]

That's kinda normal

The majority of startups (like 90% or something to that tune) fail within their first year. Nassim Taleb says (and I generally agree with him) that it is required for the industry as a whole to prosper. More or less, people take risks because people are risky overall, and the rewards are high. Besides, entrepreneurs reveal more optimistic attitude toward life, and thus they are prone to underestimate the risks and overestimate their abilities

Let me guess, many have already mentioned wolf.bet

Hm... Maybe it's true that it's normal in any sphere for the majority of projects to fail. Although it seems that the success rate of new casinos is far from 10%. More like 1% or even less than that. As for wolf.bet, it was indeed mentioned before, and it's a good example. But there aren't many such examples, even though we can see a few new casinos appearing on the forum every week.

The chances are low and odds are against unless the new casino aims to be a specific game focused gambling platform. The long term success will happen but there are questions have to be answered by the team before going to accept this decision: Will they be able to advertise among the new casino and gain the trust of players among all the old established brand casinos?

That's another interesting question because I am not sure it's obvious that a casino focusing on one game has more chances of getting popular than a casino that offers various features. For instance, Sportsbet.io is a sportsbook, but it's also a casino with slots, roulette, blackjack and other games. I believe most successful casinos actually offer lots of stuff rather than one game, although that's debatable.

[deisik]

That's kinda normal

The majority of startups (like 90% or something to that tune) fail within their first year. Nassim Taleb says (and I generally agree with him) that it is required for the industry as a whole to prosper. More or less, people take risks because people are risky overall, and the rewards are high. Besides, entrepreneurs reveal more optimistic attitude toward life, and thus they are prone to underestimate the risks and overestimate their abilities

Let me guess, many have already mentioned wolf.bet

Hm... Maybe it's true that it's normal in any sphere for the majority of projects to fail. Although it seems that the success rate of new casinos is far from 10%. More like 1% or even less than that. As for wolf.bet, it was indeed mentioned before, and it's a good example. But there aren't many such examples, even though we can see a few new casinos appearing on the forum every week

I don't know the exact number

So 90% was just to show that the survival rate is not very high, as it were. Regarding the projects you mention, I've seen a couple of them here. They look more like a student's homework rather than real stuff. If we exclude these wannabe casinos, the percentage of failures should go down. Anyway, Wolf.bet has already survived its first year

[imstillthebest]

Casino sites is a trend right now that's why many business man are following the demand and you can see there's a lot of money to be made even millions in only a matter of days because some whales bet huge amounts even though the probability of winning is low.
Some fail because they dont have good funding, promotions, SEO and most of them are fake gambling sites.

low probables are equals to high return , thats why they take risk for easy money just in case their bet hits  but itll also be a loose to you if your the owner of the casino   . whales are high bettors but only wise and will only hit and run   .  before that , how can assure that whales are gonna be play on your site if your site is only new on this industry  . most gambling site easily fail because they are not legit  and second would be they lack of exposure due to the competitive market  in which the cost for best promotion is also costy

[slapper]

There are many elements which affect the existence of a casino. In my point of view, there are so many casinos created in the last few years and because of that reason, you need to have services, games and interface which differentiate your own casino from others. Customer support, transaction speed are also main components making a strong gambling website. On the other hands, more and more people have the chance to interact with the internet as well as the cryptocurrency world, creating a bigger market for anyone who want to join the online gambling industry.

However, as I always see, people only tend to stay in one gambling site if it makes them feel comfortable, relax and enjoyable. Word of mouth is also a strong marketing tool which help you to gain more and more customer. If you want your casino run smoothly, let the customers speak what they want and hear what improvement is need from their voice. A change can be small but it will significantly create a healthy and strong environment where gamblers can trust you and your system

The last component I want to mention is the capital. You cant compete with other gambling sites if you have a low capital which can even maintain your website for at least half of a year. 200000$ is needed to maintain your business. in my point of view, and you can do tons of things with this huge capital.

[semobo]

Most new casinos created in the recent days just have the similar user experience with the existing reputed casinos so they literally can't drive people into their sites without having anything new in their site.And also some casinos were started with very less capital so they will go bankrupt even if there are few huge wins on their site, we need to understand casino business is not for everyone, start one when you have enough money to run casino atleast for a year even without making any profits.

[TrevorS]

Most new casinos created in the recent days just have the similar user experience with the existing reputed casinos so they literally can't drive people into their sites without having anything new in their site.And also some casinos were started with very less capital so they will go bankrupt even if there are few huge wins on their site, we need to understand casino business is not for everyone, start one when you have enough money to run casino atleast for a year even without making any profits.

With casinos, they have similar functionality and user experience. The only thing that a casino can lure people into is a profitable offer, more profitable than that of competitors.
Otherwise, no one will risk their money in a new untested place. It should be suspicious of all new casinos. They are not legal, unregulated, and if they make too attractive conditions, it is worth being wary.

[glowing10]

Most new casinos created in the recent days just have the similar user experience with the existing reputed casinos so they literally can't drive people into their sites without having anything new in their site.And also some casinos were started with very less capital so they will go bankrupt even if there are few huge wins on their site, we need to understand casino business is not for everyone, start one when you have enough money to run casino atleast for a year even without making any profits.

It is like following the trend, since now many casinos were shut due to lockdown and eventually people got migrated to online gambling so many of them wanted to seize this opportunity and as a result came up with many gambling sites for the users. So, as such this either taking the new business venture online or trying to see if they can have some share of this online gambling and survive it.

[BitcoinTurk]

We can see that most of the new services started recently have been successful. The main reason for this is not the quality of the services, but the high demand for the gambling games due to the process we are in. Of course, it is difficult to predict this, but if you want to comment for the last period, it is possible to say that a few casino services have achieved great success after they started operating.

[DarkDays]

As far as I've seen, most new casinos end up growing to a modest size, and then they stagnate around that size.

A few of them try to advertise here on the forum for a few weeks (seemingly thinking Bitcointalk is the only place to advertise), and then they stop their campaign and remain a small size.

I think the issue is most of these places simply think that a good game or two is enough to build a player base. While this is true in some rare cases, most of these also lack a proper marketing team or budget.

What good is having a great game, if you don't have the resources needed to tell people about it?

This is why the most popular casinos today spend a good fraction of their income on marketing, since they know that's what it takes to both acquire new players, retrieve old ones, and maintain current players.

[abel1337]

We can see that most of the new services started recently have been successful. The main reason for this is not the quality of the services, but the high demand for the gambling games due to the process we are in. Of course, it is difficult to predict this, but if you want to comment for the last period, it is possible to say that a few casino services have achieved great success after they started operating.

I agree with this, This season is sure the season of an online casino because of our current situation. The physical casinos are going close or they are just accepting a limited number of players in their facility and some players just want to stay away from crowded places and just want's to play into an online casino that's why the demand of online casino today is on its peak. But I think the quality of the casino is still needed because there are too many options there and the quality of the casino can make the online casino go successful or closed in this opportunity.

[adamistraybar]

betearn is pretty knew and i think there pretty good and growing at a nice rate. There provable fair system is a little suspect but seems fine in genral

[chaser15]

And in general, do you think new casinos appearing in 2020 stand a chance against those with solid reputation and long time on the market?

Yes. That's the challenge.

With good promotion and features, surely they can attract users on their site. It's a matter of hard work and effort. Just because there are reputable around doesn't mean they don't stand a chance. Gamblers also want a different taste and if somehow that new site able to think of the best features that should be implemented, chances are there that they will catch the attention of the gamblers.

I admire those casinos that joined the wave even there are now big and reputable casinos.

[LogitechMouse]

Lets take note that building new casinos is a business and we know the risks of building a new business already.
Competitors, Reputation, Money, Traffic (customer satisfaction), Location, etc. These are the things that you may want to see before building a casino.

Also take note that building a business in general takes time to be a successful one. New casinos will not be successful in weeks or months. It will take years for it to be a successful one. Those new casinos knew that they are up against the old casinos that is why they are building a trademark (something like a feature in their site that can only be seen on their site).