Five Things You Need To Know Before Running an Online Casino Business in Myanmar

Gaming is an iconic industry making billions to trillions of profit into shareholders' pocket. Revenue amount can be calculated in minutes and even seconds when the gaming operator has thousands of players. Believe it or not, online gambling in Myanmar is one of the most mouth-watering marketplaces that attract many investors. Establishing an online casino has endless possibilities for business growth. Besides, high profits can definitely be expected. This business is ideally thrilling and rewarding. However, developing a working online casino in Burma is not simple. It would be best if you started from the ground and effectively control steps in every way. But don't worry! Every business begins with a small step and a good plan. There are five things you need to know before running

an online casino business in Myanmar.

1. Choose Standard Gaming Software Providers

Before customizing your website for potential players, of course, selecting decent software is what you should do in the first place. Having high-quality gambling software is rewarding in many ways. It is an essential step in launching an online casino. The software will serve as the vital element and a safe home determining gaming performance and overall experience. Before purchasing the software, you can pay particular attention to pricing, security features, user-friendly quality, and game selection. Furthermore, take a look at its gaming content, technical support, and license.

Without any doubts, the top-ranked gaming software developers in Myanmar right now include Micro Gaming (online slots), Evolution Gaming (live table games), Gaming Soft (Live22 slots), Playtech (all types of online games), and Asia Live Tech (live casino, sports betting, and lottery). Most providers gladly set up every detail step by offering a full-service package, including certification, 1000+ games and more. 

2. Expected Costs to Start an Online Casino Business

Very few know how much it costs to start an online gambling enterprise unless they are part of it before. To begin with, it costs at least a couple hundred thousand dollars. Startup costs will include gaming software, customer service representatives, marketing employees, and web/app development. The prices for the startup are different depending on where you start. Prepare for this future cost if you are about to set up your first online casino:

-Pay at least monthly $3,000 on a gaming license, which can go to government’s tax as well

-The expected price for a casino game software package is about $100,000-$300,000

-Web development might cost you $1,000-$5000 or above

-Customer service salary may range from monthly $3000-$5000 depending on how large your casino is.

-Marketing and advertising is the most crucial part and it can cost anywhere from $10,000-$50,000 a month or more. It will include payments for SEO and SEM services along with affiliate marketing.

3. Create Your Online Casino Official Website

No matter how successful you launched your gaming software, it will take you another step further if your website looks greatly attractive and professional. At this time, a well-designed website does count the most. It attracts new sign-up players and keeps them from playing in the long run. Your website should indicate high-quality visual photos, convincing information, simple language use, which will ultimately reach your branding value. Likewise, the design must be attractive, unique, and easy to access.

The essential elements are good photos and content that needs to work well together. More importantly, don't forget to focus on the home page where your clients firstly land after entering your website. Add and improve navigation usability and make the layout as simple as possible. All of these are critical to your website performance. Furthermore, if you wish to create a functional website for your casino, make sure it will meet customers' needs and exceed their expectations.

4. It Is Time to Concentrate on Marketing Materials

After finishing off choosing good software and building a great website, it is time to do marketing. It should be noticed that marketing is a final crucial step. Since your business is online, there is no way to earn customers without marketing activities. Get ready to open your own online casino and prepare your marketing team with a good plan. Ideally, it is necessary to develop an effective detailed marketing strategy to enable website engagement, increase traffic, and get more players.

Alternatively, most online casinos in Myanmar focus mainly on Facebook marketing, creating Facebook pages, and interacting with players. Apart from advertising on specific platforms, you can introduce promotion or bonus programs to win over a new audience. The promotions can attract new players and motivate existing gamblers at the same time. Before the bonus setup, you can always explore competitors' information. Next modify the information into more remarkable performance, and offer it to customers on your platform.

5. This Is How Online Casinos Make Profits

Your online casinos make profits only when your marketing activities work. Of course, when the marketing works, you will experience seeing a report of annual revenue that gives you hundred thousand dollars. This doesn’t mean your online casino is making you a millionaire right away. It takes time and clear steps to go through. In the first few years, you might expect to reach a breakeven point or earn a little profit. Once it takes off well and becomes stable, you can expect millions. Additionally, top online casinos such as WWBET, SA36, iBet789, Sportbooks365 Myanmar have been around for many years. They have hundreds of employees and still invest huge marketing budgets. They advertise on Facebook and other social media. What is more impressive is that they offer endless incentives for users to choose their casinos and regularly upgrade their platforms.