## Waterhouse Venture Capital: Evaluating the Crypto Gaming Chance
In a recent article, Tom Waterhouse investigated the possibilities offered by crypto gaming and analyzed the performance of some leading crypto gaming companies.
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Waterhouse Venture Capital: Evaluating the Crypto Gaming Chance
In May 2022, we initially explored the potential of crypto gaming, which is the most rapidly expanding segment of the gambling industry. Several online crypto operators have quickly expanded into large enterprises and well-known global brands, such as Stake.com and Sportsbet.io.
In 2021, the global online gambling industry generated roughly $58.2 billion in revenue, and it is projected to reach $145.6 billion by 2030. We anticipate that increased penetration of crypto gaming will drive a significant portion of this growth.
Sportsbet.io has achieved a monthly turnover of $2.7 billion. To put this into context, the largest operator in Australia averaged $1.2 billion in monthly turnover in 2021, holding approximately 50% of the market share in the country.
Sportsbet.io has established strategic partnerships with several prominent football clubs, such as Southampton, Arsenal, and São Paulo.
**Why Select Cryptocurrencies?**
Cryptocurrencies like Bitcoin, Ethereum, and Litecoin enable fast and smooth transactions with lower fees compared to conventional methods.
This not only offers nearly immediate payments but also lessens operating expenses for cryptocurrency gambling companies.
Gamblers gain from swift and effective deposits and withdrawals, and relish anonymity, safety, and data protection when wagering online.
Operators like Stake.com and BitStarz Casino have crafted a superior user experience (UX) than conventional online fiat operators. Online cryptocurrency operators are consistently customer-centric and are now leading the sector in UX. Meanwhile, traditional operators are generally slower to adjust.
For instance, Stake.com regularly develops new slot games while retaining its own Stake Originals in-house games.
Cryptocurrency gambling operators’ patrons benefit from larger bonuses, promotions, and higher odds. This is because operators pass on some of their cost savings to customers. These savings include lower deposit/withdrawal transaction costs and lower product fees compared to fiat operators.
The following Trustpilot rating selections demonstrate that players favor emerging cryptocurrency operators (represented by Stake.com and BitStarz Casino) over established fiat operators.
A new era of betting platforms
In the cryptocurrency gambling space, providing cutting-edge backend platforms for cryptocurrency gambling operators is a unique chance.
Although there are a plethora of systems available for conventional currency operators, such as Kambi, SBTech, Entain, OpenBet, Amelco, and Aspire Global, there are very few systems designed specifically for digital currency operators.
Upon careful examination, we discovered that these systems still possess certain deficiencies in their functionality.
We have compiled the essential features anticipated from a cutting-edge wagering platform. The majority of existing platform providers are built upon conventional technology, necessitating substantial development effort to implement any modifications to the system.
Contemporary platforms should provide racing, sports, and games, while seamlessly integrating digital currency and traditional fiat currency payment methods. New systems should incorporate digital currency as an integral component of their technical framework, rather than as an afterthought.
One of the advantages of investing in a wagering platform is the capacity to diversify revenue across a global operator customer base. Platforms typically levy an integration fee, as well as up to 25% of gross gaming revenue (GGR), contingent upon the quantity and nature of services rendered.
Certain platforms also impose an optional ongoing development fee upon developers. By sharing revenue from numerous operators, crypto betting platforms can capitalize on the expansion of the entire industry, rather than confronting the operational risks inherent in a solitary crypto betting enterprise.
Sanco Technology
Waterhouse VC’s primary concentration is on identifying groups with extensive expertise in their area. They’ve been searching for teams who have previously established prosperous gambling platforms in demanding marketplaces.
One such team has initiated Sanco Technology, a privately held firm that is securing funding to develop its platform.
Sanco’s platform will be user-friendly for cryptocurrencies and will cater to a global clientele, particularly emerging enterprises in the crypto gambling industry. The platform will be modular, enabling each company to customize it to meet their specific requirements.
Sanco Technology is merely one of numerous exciting crypto gambling ventures that Waterhouse VC is engaged in.
**Crucial Notice:**
This information is solely for general awareness and does not constitute investment guidance. You should consult with a qualified investment advisor to determine what is suitable for your circumstances.
**For General Information Exclusively:**
This information is intended for general purposes only and does not constitute an offer to purchase or sell any financial product or service. This information is intended for seasoned investors who meet specific legal prerequisites.
This document does not provide financial or tax counsel and does not take into account your individual situation. Although we believe the information is accurate, we cannot guarantee its correctness. Prior performance is not a predictor of future outcomes, and no specific returns are assured. Neither Sandford Capital, Waterhouse VC, nor any other entity is liable for any statements contained in this document.
Waterhouse VC is an Australian investment fund accessible to global investors with a minimum investment of A$1,000,000 or its equivalent. This document was prepared by Waterhouse VC Pty Ltd, acting as trustee of the Waterhouse VC Fund. The Trustee is authorized by Sandford Capital Pty Limited and has designated Sandford Capital as its intermediary to facilitate the issuance of units in the Fund.
Waterhouse Venture Capital’s prior results are not a dependable gauge of future outcomes. Waterhouse Venture Capital Pty Ltd does not assure the efficacy of any approach or the recovery of investor principal or any particular rate of return. Tax implications have not been taken into account where applicable. We advise that you view investing as a long-term endeavor.
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