## Waterhouse Venture Capital: Assessing Crypto Gaming Possibilities
In a recent article, Tom Waterhouse explored the potential presented by digital currency gaming and scrutinized the performance of some leading crypto gaming enterprises.
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Waterhouse Venture Capital: Assessing Crypto Gaming Possibilities
In May 2022, we initially discussed the potential of crypto gaming, the most rapidly expanding segment of the gaming industry. Some online crypto operators have quickly evolved into substantial businesses and recognized global brands, such as Stake.com and Sportsbet.io.
In 2021, the worldwide online gaming industry generated roughly $58.2 billion in income, and it is projected to reach $145.6 billion by 2030. We anticipate that increased penetration of crypto gaming will propel much of the industry’s growth.
Sportsbet.io has attained monthly turnover of $2.7 billion. For context, in 2021, Australia’s largest operator averaged $1.2 billion in monthly turnover, holding about 50% of the market share in the nation.
Sportsbet.io has established strategic partnerships with several well-known football clubs, such as Southampton, Arsenal, and Sao Paulo.
**Why Digital Currency?**
Digital currencies like Bitcoin, Ethereum, and Litecoin enable swift and seamless transactions with lower fees compared to conventional methods.
The domain of digital currency wagering presents exceptional prospects for cutting-edge backend systems designed for crypto gambling operators.
This not only facilitates near-instant financial transactions but also significantly reduces operational expenses for cryptocurrency gambling ventures.
Participants can relish swift and efficient deposits and withdrawals, along with anonymity, security, and data protection when engaging in online betting.
Operators such as Stake.com and BitStarz Casino have already crafted a superior user experience (UX) compared to traditional fiat operators. Online cryptocurrency operators consistently prioritize customer satisfaction and are now at the forefront of the industry in UX. Conversely, conventional operators tend to be slower in adapting to change.
For instance, Stake.com regularly introduces new slot games while maintaining their proprietary Stake Originals in-house games.
Patrons of cryptocurrency gambling operators can benefit from more substantial bonuses, promotions, and enhanced odds. This is attributed to operators sharing some of their cost savings with customers. These cost savings encompass lower deposit/withdrawal transaction fees and reduced product charges compared to fiat operators.
The following Trustpilot rating selection exemplifies players’ preference for emerging cryptocurrency operators (represented by Stake.com and BitStarz Casino) over established fiat operators.
The Dawn of a New Era in Gambling Platforms.
Although there are numerous established conventional currency gaming platforms available, such as Kambi, SBTech, Entain, OpenBet, Amelco, and Aspire Global, there are very few platforms specifically designed for cryptocurrency operators.
Upon careful analysis, we discovered that these platforms still exhibit certain deficiencies in their functionality.
We have outlined the essential features anticipated from a cutting-edge gambling platform. Most existing platform providers are constructed on traditional technology, implying that any modifications necessitate substantial development efforts.
Contemporary platforms should provide racing, sports, and games, while seamlessly integrating cryptocurrency and conventional fiat currency payment methods. New platforms should incorporate cryptocurrency as an integral component of their technological framework, not as an afterthought.
One of the advantages of investing in a gambling platform is the capacity to diversify revenue to a global operator customer base. Platforms typically charge integration fees, as well as up to 25% of gross gaming revenue (GGR), contingent on the quantity and nature of services provided.
Certain platforms also levy optional ongoing development fees on developers. By acquiring a revenue share from numerous operators, cryptocurrency gambling platforms can leverage the expansion of the entire segment, rather than confronting the operational risks of a solitary cryptocurrency gambling enterprise.
Sanco Technology
Waterhouse Venture Capital is constantly seeking out management teams with a wealth of experience in their respective industries. They are particularly interested in teams that have a proven track record of developing and operating successful betting platforms in challenging markets.
One such team has established a company known as Sanco Technology. Sanco is a privately held entity currently seeking funding to develop its platform.
Sanco’s platform is designed to be user-friendly and seamlessly integrate with cryptocurrencies. Their goal is to cater to a global customer base, with a particular focus on emerging companies venturing into the realm of crypto betting. The platform will be built with a flexible architecture that allows each user to personalize it according to their specific requirements.
Sanco Technology is just one of many promising ventures in the world of crypto betting that Waterhouse Venture Capital is actively involved in.
**Crucial Information**
This information is intended for general knowledge purposes only and should not be construed as investment advice. It is highly recommended that you consult with a qualified financial advisor who can provide personalized guidance tailored to your unique circumstances.
**General Information Solely**
This information is provided for general knowledge purposes only and does not constitute an offer to buy or sell any financial product or service. This information is intended for investors who are classified as “wholesale clients” under Australian law or for individuals who are not subject to regulated disclosure requirements under Australian law.
This document is not meant to offer financial or tax counsel, and it does not take into account your personal objectives, financial standing, or requirements. While we strive for accuracy, we cannot guarantee the correctness, dependability, or completeness of the information presented. Past performance does not ensure future outcomes, and no guarantees are made regarding performance, capital return, or specific rates of return. Sandford Capital, Waterhouse VC, and any other involved parties decline all responsibility for any statements made in this document.
Waterhouse VC is an Australian unit trust, accessible to global institutional investors with a minimum investment of A$1,000,000 or the equivalent in other currencies. This document was prepared by Waterhouse VC Pty Ltd as Trustee of the Waterhouse VC Fund. Sandford Capital acts as the AFS licensee intermediary for the Fund.
Results
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