In modern iGaming, operation without progress is just another way of falling behind. If your brand is not expanding, someone else will snatch your players and chip away at your profits. Effective growth strategies can keep you ahead of the pack. However, it is crucial to select the right development plan based on multiple variables.
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Going “up” implies working with what you already have and making it better. This strategy requires the advancement of the existing iGaming business.
General recommendations:
The strategy is all about a serious upgrade without new markets for the current setup. In the majority of cases, almost every operator follows this path to some degree. From day one, most business owners know they will eventually need more payment options, custom game content, or maybe even a whole new section, such as esports or sweepstakes. This is all part of the strategy when you level up what is already functional.
In business terms, this type of improvement is known as diversification, the term that appeared in the 1950s. Back then, it was about spreading out investments to reduce risk. Now, in iGaming, it means smart usage of your time, money, and tech to boost profits and keep punters coming back for more.
What to expect when you focus on improvements:
The growth of a gambling business from the inside out is all about the enhancement of what you already offer to create more value out of each area of the platform.
In 2023, more managers started rolling out live dealer content like roulette, baccarat, blackjack, and Sic Bo. In most jurisdictions, you will not need a new licence to add live games for a smart and simple upgrade.
In terms of marketing, branded promos can make a huge difference. Creative advertising campaigns and themed bonuses attract more users and help build the casino’s identity in a packed destination.
Those who want to devote their strategies to originality view vertical growth as an opportunity to create unique content. Custom HTML5 slots, designed from scratch (whether as a series or a standalone game with new mechanics), help your brand stand out and build loyalty.
The improvement of customer service through AI chatbots, premium user platforms, or social features within games makes a significant difference. It does not always have to be flashy since even minor backend improvements help automate processes and boost overall service quality.
888 Holdings PLC is a textbook example of vertical growth done right. Even with just a handful of licences and its original HQ still in Gibraltar, the company has built a solid reputation across multiple gambling verticals. The brand offers a range of services, including online casinos, poker rooms, and scratch cards. Its strategic sponsorships, like the one with Fontwell Park Racecourse, have strengthened its presence even further.
This strategy focuses on entering new markets while maintaining the core product line largely unchanged. Business scaling means no massive changes to your platform except for tweaks based on local regulations like advertising rules, responsible policies, or deposit caps.
The scale-up of your casino business across borders may require more effort upfront. Still, it often leads to greater rewards in the long run. You reach new punters and build a brand that goes beyond one country. This is the path many major iGaming brands choose.
Reasons why scaling makes sense:
Many big-name providers are already employing a horizontal approach. Endorphina, for example, is licensed in Malta, Romania, and Greece, and primarily focuses on slot development. Companies like Tom Horn Gaming, Pragmatic Play, Playtech, and Betsoft also expand their reach without major product updates.
Selecting a new country to scale your iGaming business into should be a calculated move. You need to weigh up legislation, market potential, competition, and even local habits.
Key aspects to keep in mind before the expansion:
First, you must find out whether the market is open for business. In 2024, most jurisdictions have either legalised online gambling or are moving in that direction. Then, you must look deeper and inquire what it takes to become relevant. There may be a need for a physical office or a local bank account, or the jurisdiction supports an all-online access.
You will also need to consider the licensing process, advertising restrictions, verification procedures, age requirements, and applicable taxes. Transparent, business-friendly regulation is a green light.
For instance, let us imagine you function well in Sweden and want to expand. Denmark might be a smart bet because the customer behaviour is similar to the love for slots, trust in regulation, and expectations. That kind of move is smooth and low-risk.
Now, imagine taking the same leap to Colombia with no prior experience outside of Europe. Different economies, tech usage, and betting habits actually require gathering a lot of information on the audience. Understanding the average player’s age, preferences, and how they discover new casinos simplifies entry into a new region.
The scale-up process indicates where the project is headed in terms of development. You should understand whether the country will still be a good arena in five or ten years. That is why you should check for economic stability, the political will to support digital business, planned gambling reforms, and the rollout of supporting infrastructure like data centres or tech hubs.
Think about the bigger picture. It would be perfect if the country had a growing digital culture. Progressive investment projects in entertainment or tourism can also attract more users to your business. That kind of insight helps shape your long-term strategy.
Some countries have been involved in gambling for centuries. Access to these markets means hard work and a specific niche, rather than competition with giants.
On the other hand, newer jurisdictions may be easier to break into. The competition is not as stiff, but you will pave the way rather than follow the same path. That can mean learning as you go, testing offers, adjusting marketing, and even redefining your product for the local audience.
During the expansion of the gambling business, managers should consider timing and location. A few regions offer fresh chances to grow and earn big in the iGaming world. These should be analysed first if you want steady improvement.
One of the fastest-growing regions for everything digital welcomes gambling as an appealing and innovative business direction. Smartphones are ubiquitous here, and internet use is widespread. No surprise that this area is on every investor’s radar. Experts estimate that the mobile economy in this region generated $770 billion, or 5% of the region’s GDP, in 2024.
Countries like the Philippines are already wide open for gambling. Filipinos spend over 10 hours a day online, and they are not just doom-scrolling but chatting, watching content, and spinning slots. Clear laws and an already engaged population make this market packed with potential.
In the US, gambling laws are primarily handled at the federal level, and more states are beginning to recognise the benefits. Places like Nevada, New Jersey, and Michigan, among others, have already opened their doors to legal online betting. Others, like Iowa and Illinois, are next in line.
Meanwhile, Canada is already making moves in Ontario and the Kahnawake territory. Mexico is catching up as well. Even though online betting is still in a grey zone, significant legal changes are expected. At the same time, it is critical to note that progress in the US depends heavily on politics. Democratic states are more pro-gambling, so expansion is likely in the east (Massachusetts and North Carolina). Southern states like Texas are not keen on it and probably will not be for another decade.
The region has long been the home turf for online gambling. Some of the biggest names in the sphere got their start here. While players are loyal and active, the game is changing. Rising concerns about addiction have made many European countries tighten regulations. That means more scrutiny, stricter rules, and heavy restrictions on advertising in some places.
The region remains profitable and culturally accepting of gambling. Even with restrictions, demand remains high. France, Spain, and the UK are taking steps to keep things responsible. If you are prepared to play by the rules, Europe still offers steady, reliable growth.
The expansion of your business should not be in a rush without a plan. Even if you have mastered your home market, a new one takes research, preparation, and a smart strategy.
Key steps to make your expansion smooth, legal, and profitable:
The expansion of a gambling business requires entrepreneurs to make the right move at the proper time. You may upgrade your platform with content or enter new territories, but success depends on a strategy that fits your goals and resources.
Essentials of vertical and horizontal growth in iGaming:
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