In a new article, Slotegrator breaks down six simple ways to be confident in those indicators and to avoid bankruptcy.
Press release.- Running a gambling business seems like a safe bet — it’s the players who are taking the risk, not the operators. But the truth is, even online casinos can go under if they’re not properly managed.
The success of any business depends on its ability to balance the ratio of the funds received to the funds that were spent. In order to run a gambling business, you need to scrutinize the numbers, new instruments, and regulations.
There’s a long list of key performance indicators you need to track and analyze in order to see if your online casino is bringing in revenues or heading towards bankruptcy. For example, gross gaming revenue (GGR) and your net gaming revenue (NGR) give you an overall picture of how you’re doing.
Deeper indicators – bets-to-deposits and NGR-to-deposits – measure how much of your players’ deposits they’re wagering and how much they’re losing. Important aspects are also the number of conversions, retention and churn rates, daily active users, monthly active users, player lifetime value, and average revenue per user.
The sooner a company starts to study its own numbers, the more chances it will have to avoid bankruptcy. Financial indicators are a litmus test of not only the present but also the future of your business. In a new article, Slotegrator breaks down six simple ways to be confident in those indicators and to avoid bankruptcy.
Since 2012, Slotegrator has been one of the iGaming industry’s leading software and business solution providers for online casino and sportsbook operators.
The company’s main focus is software development and support for online casino platforms, as well as the integration of game content and payment systems.
The company works with licensed game developers and offers a vast portfolio of casino content: slots, live casino games, poker, virtual sports, table games, lotteries, casual games, and data feeds for betting.
Slotegrator also provides consulting services in gambling license acquisition and business incorporation.
The company’s mission is to facilitate the growth of the iGaming ecosystem by acting as a bridge that links together all key stakeholders of the industry.