There is always money to be made in every industry, but the real question is… how does one make money in the social casino gaming space?
I just booked for my first ever Social Casino Gaming Summit for June 19-20 at the Bellagio in Las Vegas. It’s great timing, because 1) Im always there around that time for WSOP so it will give me a nice break from the tables. 2) Our Lucky Lady Slots game minimum viable product is ‘done’.
I wasn’t planning on doing any social gaming conferences/events but with our current pivot, it seems that networking and strategy is the most logical next steps. I don’t know how useful it will be, but I am really interested in all the topics they cover including: Forecasts for growth, VCs investment tips, social casino space, The casino operator- game developer partnership, Working with casino operators, The casino operators view, Working with Facebook, Maintaining retention rates, Enhancing your brand through social casino games, The emergence of social casino games on mobile devices, Social casino games in new markets- untapped potential, Mobile social casino gaming and how it differs to traditional social casino gaming and more.
I will be posting regular updates for sure on my Twitter so be sure to follow us there!
Instead of launching and trying to compete in the Facebook space with our HTML5 casino and throw thousands of dollars into marketing to compete with every other social casino, we have decided to step back and take a good realistic look at our options. We are excited with the ideas we came up but I will save these new nuggets for future posts.
Right now let’s talk about this info graphic posted by the Social Casino Gaming Summit:
People get so excited when they see social casino industry numbers as shown in the above graphic. But do you really know what these numbers mean? Im not just saying know the acronyms MAU or ARPMAU, Im talking about actual business.
Overall, I would say there is definitely money to be made for the right social casino product especially paralleled with an existing product/brand. I don’t think launching the same-same and throwing marketing money at it will get you anywhere fast. I also don’t think you need to be so creative that people can’t recognize they are in a social casino. The secret is balance.
With creative game design, a social casino can be a low-cost, highly engaging way to interact with a customer base as well as add a lucrative revenue stream.
Interested in launching a social casino? Email me here to start chats!
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