## Waterhouse Venture Capital: Examining the Crypto Gaming Chance
In a recent piece, Tom Waterhouse investigates the possibilities presented by crypto gaming, evaluating the performance of some leading crypto gaming enterprises.
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Waterhouse Venture Capital: Examining the Crypto Gaming Chance
Back in May of last year, we first looked into the potential of crypto gaming, one of the most rapidly expanding segments of the gaming industry. Some online crypto gaming operators have quickly become major players and well-known worldwide brands, such as Stake.com and Sportsbet.io.
In 2021, the worldwide online gaming industry produced approximately $58.2 billion in income, a figure projected to reach $145.6 billion by 2030. We expect that the increasing penetration of crypto gaming will drive a considerable portion of this growth.
Sportsbet.io has achieved a monthly turnover of $2.7 billion. To put this into context, the largest gaming operator in Australia averaged $1.2 billion in monthly turnover in 2021, representing roughly 50% of the market share.
Sportsbet.io has established strategic partnerships with several prominent football clubs, including Southampton, Arsenal, and São Paulo.
**Why Crypto?**
Cryptocurrencies like Bitcoin, Ethereum, and Litecoin allow for fast and smooth transactions with lower fees compared to traditional methods.
Its not just about making payments happen quickly, but also about keeping costs down for those running crypto gambling businesses.
People who gamble online can enjoy speedy and efficient ways to put money in and take it out, plus they get privacy, safety, and control over their information.
Places like Stake.com and BitStarz Casino have already made their websites much better than those that use regular money. Now, online crypto gambling sites are always thinking about what their customers want, and they’re leading the way in making things easy to use. Meanwhile, the old-fashioned places are usually slower to change.
For instance, Stake.com is always coming up with new slot games, and they even have their own special games called Stake Originals.
People who gamble with crypto get bigger bonuses, special offers, and better chances of winning. This is because the gambling sites can share some of the money they save with their customers. These savings come from things like lower fees for putting money in and taking it out, and lower costs for things like merchandise compared to sites that use regular money.
If you look at what people are saying on Trustpilot, you’ll see that gamblers prefer the new crypto gambling sites (like Stake.com and BitStarz Casino) over the older ones that use regular money.
New Ways to Gamble
In the world of crypto gambling, there’s a special chance to create the best behind-the-scenes systems for those who run crypto gambling sites.
Although numerous conventional currency wagering platform providers exist in the marketplace, like Kambi, SBTech, Entain, OpenBet, Amelco, and Aspire Global, only a few platforms are specifically tailored for cryptocurrency operators.
Following a thorough assessment, we discovered that these platforms still exhibit certain functional shortcomings.
We compiled the core functional expectations for cutting-edge betting platforms. Most existing platform providers rely on traditional technology. These platforms necessitate substantial development efforts to implement any modifications.
Contemporary platforms should offer horse racing, sports, and games, while seamlessly integrating cryptocurrency and conventional currency payment methods. Novel platforms should incorporate cryptocurrency as an integral component of their technological framework, rather than as an afterthought.
One of the advantages of investing in a betting platform is the capacity to diversify revenue across a global operator customer base. Platforms typically levy integration fees, along with up to 25% of gross gaming revenue (GGR), contingent upon the quantity and nature of services rendered.
Certain platforms also impose optional ongoing development fees upon developers. By sharing revenue with numerous operators, crypto betting platforms can capitalize on the growth of the entire sector, rather than confronting the operational risk inherent in a solitary crypto betting enterprise.
Sanco Technology
Waterhouse VC’s primary approach is to locate groups with extensive expertise in their area. They seek out teams that have previously developed successful wagering platforms in challenging markets.
One such group has established a company named Sanco Technology. They are seeking funding to construct their platform.
Sanco’s platform will be user-friendly for cryptocurrencies and will be utilized by individuals globally, particularly emerging crypto betting enterprises. The platform will be designed to allow each company to personalize it.
Sanco Technology is one of numerous captivating crypto betting ventures that Waterhouse VC is engaged in.
**Crucial Note:** This information is solely for general comprehension and does not constitute investment counsel. You should consult with a qualified financial advisor regarding your specific circumstances.
**For General Knowledge Only:** This information is solely for general understanding and does not represent an offer to purchase or sell any financial product or service. This information is intended for seasoned clients only.
This data is not fiscal or tax counsel and does not take into account your particular objectives, financial situation, or requirements. Although we believe this information is accurate, we do not guarantee its accuracy, trustworthiness, or completeness. Past performance is not a guarantee of future outcomes, and Sandford Capital, Waterhouse VC, or anyone else does not guarantee any specific performance, capital return, or rate of return.
Waterhouse VC is an Australian unit trust, accessible to worldwide institutional investors with a minimum investment of A$1,000,000 or the equivalent in USD/EUR/GBP/JPY/CHF. This material is prepared by Waterhouse VC Pty Ltd (ABN 48 635 494 861) (“Waterhouse VC”, “Trustee”, “we”) as trustee of the Waterhouse VC Fund (“Fund”). The Trustee is a corporate authorized representative (CAR 1296688) of Sandford Capital Pty Limited (ABN 82 600 590 887) (AFSL 461981) (Sandford Capital) and has appointed Sandford Capital as its AFS licensee intermediary to arrange offers for the issuance, modification, or disposal of units in the Fund.
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