The Online Casino Industry Boom Of 2020
The online casino industry is simply booming at the moment, partly due to the closure of physical casinos during the earlier part of the year. But some smaller online casinos are closing as they are unable to keep up with the big boys!
Now some of the physical casinos have reopened. So, where does that leave the smaller online casinos?
Since the boom, many affiliates were not paid by the smaller affiliate programs as they struggled to stay afloat. Closures have started to appear in the latter part of the year (August/September time).
There are many costs with running an online casino! -Where people think they are just taking money from innocent people this isn’t the case at all. Starting an online casino is expensive! We also see many winners via our dashboard (50%) and that means that as an affiliate we earn zero. There are casino affiliate programs that offer no negative carry over. But who was ever paying attention to that? This IS NOT a good time to start a new casino and it is likely that online casinos are spending an ABSOLUTE FORTUNE in Ad Marketing while Google profits!!!
The Closure Of The Classic Affiliates Network (Bright Star Casino)
Classic Affiliates has closed down as of yesterday and they sent out an apologetic email to all affiliates including myself. They were unable to pay due to x, y & z but will be paying affiliates stage by stage. When I went to log in the whole network and affiliate site was GONE. So, who knows if we are really going to get paid, or are they just deleting everything?
Nektan Affiliate Network – The Sun Play Casino
Nektan Affiliates also closed down most of their casinos to focus on their latest brand The Sun Play casino. Now it makes you wonder if they were experiencing similar problems. Affiliates were asked to remove all the other banners. And it’s uncertain whether The Sun Play will take off.
UK Gambling Regulations
Changes to the UK gambling laws have changed the online casino game forever. Many online casinos have simply dropped the UK due to the stricter laws which came into force to protect children from online slots/advertising. Others are reducing the number of casinos. And adding more casinos to other regions. So the UK is pretty unpopular in the gambling industry. This means that only the main players are able to retain regular customers and basically take over.
Larger Casino Networks Gamesys & 888
These guys are pretty hard to reach and must be busy with their marketing and business operations! They seem to be leading with their great offers and exclusive games for their European and UK customers.
Sports Betting & Political Betting
It would seem that the merge of larger casinos offering additional betting like TV & celebrity, Sports, Financial and Political betting might be around the corner.
Caution For Startups, Bettors & Casino Affiliates
I advise anyone thinking of starting an online casino NOT TO. I don’t see any room for new white-label casinos now.
Bettors/Gamblers please stick to the sites you know. Some casinos may be in deep water. So look before you leap!
I would advise casino affiliates to stick with the larger companies as we are bound to lose more affiliate programs and affiliate payments in the future.
USA Casinos & Bitcoin Bonuses
Most of the USA casinos offer bigger bonuses in Bitcoin. So we can predict that most Americans will be converted to using Bitcoin within the coming year or so. There are also major outlets accepting Bitcoin (and most of those are American!).
Online Casino Players Are Winning!
From what I can see and had a flutter myself, I can see that this is a great time to win in online casinos as they are all competing to retain their loyal customers. I think a few wins are achievable during this time (but that is just my opinion). Remember to play responsibly (18) and begambleaware.org