Ivan Kondilenko kidly agreed to participate in our interview to share information on bitcoin casino.
How long have you been working with Bitcoin casino?
CASEXE has been involved into the gambling software development since 2013. At the same time, we saw a possibility to integrate Bitcoin solutions into our projects. Speaking of the consistent demand for our Bitcoin casino, it started approximately at the end of 2014.
How big is this demand for Bitcoin casino?
Today, we see a positive growth dynamics in the demand for Bitcoin among clients of our company. This is similarly the case with specialized Bitcoin casinos and projects where virtual currency is integrated as an additional payment solution. Looking at the online casino market as a whole, Bitcoin casinos today comprise about 10-15 per cent of the total share. By the end of 2016, this value shall reach 20%.
What is special about Bitcoin casino?
Bitcoin casino has a range of significant advantages for player and for operator. As for player benefits, there’s a possibility to play in any country of the world, anonymity of player’s data, instantaneous winnings collection, account safety, and of course the honesty of casino operation, guaranteed by the revolutionary system of gaming control in Bitcoin casinos called ‘Provably Fair’.
If we talk about benefits for the casino operator, there’re five major ones:
- No need to acquire license in case of a specialized Bitcoin casino
- Faster launch of the project
- Impossibility of fraud from players
- No charge for payment transactions
- Convenient global system of reports and control of funds
You can find out more about Bitcoin casinos from the CASEXE webinar (in Russian): https://youtu.be/PFUl4uldtvI.
How profitable is this segment?
Online gambling industry is one of the most promising and dynamic business sectors. In 2015 itself total market value of online gambling has reached about $42bn, and is going to grow in the coming years. And when it comes to Bitcoin gaming, it seems to be even more lucrative trend, as it only starts to develop and taking pace. Revenue of a certain specific Bitcoin casino depends directly on the operator’s work, his strategies of the project development, marketing activities and created system of bonuses.
Your predictions of the Bitcoin future?
In the years to come, we’re going to see the growth of Bitcoin casino share among classic online casinos. By the end of 2016, the number will be equal to 20 per cent, by 2021 – up to 50 per cent. Bitcoin nature is perfect for the demands of all online casino players, so the future seems pretty bright for Bitcoin.