Accounting

5 Expert Tips to Select Software for Your Casino System

In the early days of the casino industry, managers kept books in their office where they record the processes undergone by their facilities. But that’s

The Benefits of Hiring ICT Companies for Your Casino Accounting System

As experts in the casino industry and CMS market, we know too well how important it is for large-scale organizations, such as a casino company,

Latest Posts


Best Kiwi Casino Software

There are many things to consider when deciding on what software to use when setting up a new online casino. There are various factors you will need to take into account from how much you want to from the outsourcing of support services like fraud and player retention to the processing of online payments and what games are available. This article will take you through this process and highlight the advantages and disadvantages of various casino software for people looking to break into the New Zealand online gambling market.
1600px Auckland Anniversary Day firework 2011 - Best Kiwi Casino Software

Deciding Factors

There are a few key factors that need to be taken into account when deciding on what casino software to use when launching an online casino in New Zealand. The key criteria we are going to review are:

What do the best casinos in New Zealand Offer?

Competitor research is critical when starting any new business and it is no different when starting a casino. We started our research by looking at which casinos were featured at Best New Zealand Casinos where they list the best Kiwi casinos. Best NZ casinos explains some of the key factors that Kiwi’s look at when choosing their favourite online casino. According to the website the key criteria when choosing an online casino are:

Casino Software – Does the casino offer your favourite pokie machines, or do they offer enough variety to explore new options?
Payment Methods – You might want to play with Bitcoin or only use Neteller.
Payouts – Do the casino games at this casino payout?
Opening Offer – This is an important deciding factor. You want a strong offer that suits your style of play.
VIP Support – Not everyone is a high roller but if you are, you want a casino that is going to wine and dine you.
Cashout Times – How long does it take to cash out your winnings? Does the casino process cashouts on weekends? What are their withdrawal limits?
Wagering Requirements – What are the wagering requirements on bonuses?
Live Support – Does the casino offer 24/7 support? Can you call a local number? How well-trained are the support staff?

These guidelines assist you in determining which software provider to use. You need to ensure that you can fulfil customer expectations in each area to ensure that you are able to attract casino players in New Zealand.

Casino Services – Outsource, In-House or Hybrid

The key to picking a software provider to to first understand where your team’s strong points and weak points are. Many startups try run very lean initially and look at white label casino software. This is an excellent way to kick start a casino but it is equally as important to understand the ICT contracts that are put in place.

Outsource your casino software

The best two white label software providers are White Hat Gaming and Gaming Innovation Group. Both of these software providers allow you to take various packages depending on the level of support you require from them. They both provide services to a number of New Zealand’s best online casinos too. White Hat Gaming provide the software for JonnyJackpot casino whilst GIG have recently signed a deal to be the service provider for SkyCity Online Casino.
whg logo - Best Kiwi Casino Software
White label casino providers can provide the following services:

  • Website Design and Development
  • Game integration with game suppliers
  • Back-Office player management software (CRM)
  • Email and SMS sending
  • Banking and payment processing
  • Regulatory and legal compliance (Casino Licensing)
  • Fraud and anti money laundering
  • Acquisition software integration
  • Live Chat support
  • Translation services

There is normally a cost associated with each of these services and will require a fair amount of negotiation on your part upfront to ensure that you are not over charged and that you will be able to transfer skills in-house as the business grows.

The one service none of the white label software providers offer is acquisition services. You will always be required to run your casino acquisitions yourself.

In-House Casino Software

There is also the option of running all these services in house and integrating them yourself. This option allows you the flexibility of creating bespoke experiences for your customers that are not as reliant on 3rd parties. You will still be reliant on a number of third party providers.

Creating these solutions in-house will require you to have an experienced team of developers, lawyers, fraud agents, call centre staff and marketeers on board before launching your casino.

The best example of a site that was rated highly on the Best New Zealand Casinos website that runs it’s own in-house software is Lucky Nugget Casino. They site meets all the criteria previously listed and provides an exception casino experience in New Zealand.

Hybrid Casino Approach

The hybrid casino software approach is likely the best way for most casino businesses to go. This would entail running your casino through a white label and negotiating the contract to drop in price as you move services across to your own internal systems. This lets you get the benefit of the experience from the white labels and scale your internal team as your casino grows.

Casino Banking

Banking is an essential component of any online business. If you are unable to process payments you cannot make money. Most online e-commerce business only need to worry about processing payments in to their business but for a casino it is equally as import to allow for easy withdrawals for your customers.

One of the most popular search terms on Google in New Zealand is quick payout casinos which indicates that this is a primary determining factor for Kiwi casino players. It is also very important to allow New Zealanders to deposit, play and withdraw in NZ dollars as the currency conversions are often too expensive for players looking to gamble lower amounts.

The majority of Kiwi’s do not gamble with large amounts of money with many players looking to make an average first deposit amount of around 10 NZD when first joining a casino. This means that you will need to ensure that the transaction fees of your payment provider are low enough that you are able to process these transactions at a profitable rate.

Kiwi Casino Games

The number, quality and variety of casino games offered at your casino will be key. Kiwi players are particularly fond of playing online pokies and live casino table games. This is very different to countries like Germany where players tend to avoid pokies and play both traditional and live casino games exclusively.

The key game provider to integrate in NZ is Micro Gaming(see website https://www.microgaming.co.uk). Microgaming tend to build pokies that spin quicker, offer lower latency and are similar to the pokies you would find at your local. Netent are also popular but their games tend to require higher bandwidth which is not suitable to Kiwi’s living in rural areas where internet speeds can sometimes be much slower.
Microgaming A Pioneer of Online Casino xwidkc - Best Kiwi Casino Software

Conclusion

You have started your journey to launching an online casino off well by doing a bit of research. The process is not as simple as buying the software and launching a casino one week later.

The key to a successful launch is to design the casino around your team’s strength. If you have a strong brand team, build a brand. If you have a strong paid media team, build a casino that supports paid media and if you have a strong technical team with unlimited resources, take it in-house and dominate the market.

Good luck on your New Zealand casino journey.

The Importance of a Software Patent to the Casino Gaming Experience

A patent is given to software developers, only if they want to, whenever they make new software and before disclosing it to the public. This helps them ensure that no one can copy or distribute it in any way, at least not legally.

While casino companies tend to hire companies to provide ready-to-use software, many ICT companies in the casino industry make their own so their customers can have better gaming experience.

Here we look at how important patenting is when it comes to casino companies that make their own gaming software.

Strengthening the Existing Protection

PostImage Strengthening the Existing Protection Slotmachines on the sideview - The Importance of a Software Patent to the Casino Gaming Experience

While casino companies can protect their software on their own, patent systems are made to strengthen the protection.

For example, you can disclose your software to the public, but you can always hide some critical component so even an expert in software can’t copy it completely.

However, if you’re so fixated on protecting your software, you can always opt for a software patent. That way, they won’t attempt to copy your software in the first place.

Avoiding Copyrighted Versions

PostImage Avoiding Copyrighted Versions monitor with codes on the table - The Importance of a Software Patent to the Casino Gaming Experience

Patents are also important if you’re looking to avoid having copyrighted versions of your software. This is done by large companies such as Google and Apple.

Since their business ideas for their software is unique, it’s only natural for developers to copy that idea and make their own gaming software out of it.

With a software patent, even the idea used to create the software cannot be used by any means. That means you won’t be seeing a different version of your software anywhere legally.

Patent Infringement is Better than Copyright Infringement

PostImage Patent Infringement is Better than Copyright Infringement two person helping each other to debus some code on the computer - The Importance of a Software Patent to the Casino Gaming Experience

At least it is in the original developer’s side. If you have your own casino gaming software, there’s nothing wrong with relying solely on copyright law to protect your software.

However, if copyright infringement can result in the offender to pay a fine of $10 million, patent infringement is on another level.

This is evident when an anonymous company received $100 million from another company that violated the patent protection of software.

This means there will be fewer groups that will dare to violate such rules, knowing that the consequences for doing so are going to be significant.

There’s no denying that a software patent is beneficial for casino game developers. However, remember that there are merits on leaving your game as it is, such as publicity and better reputation.

5 Expert Tips to Select Software for Your Casino System

In the early days of the casino industry, managers kept books in their office where they record the processes undergone by their facilities. But that’s not the case anymore. Today, businesses make use of management software to handle records.

These types of software allow managers to increase their accuracy and reduce the chances of making an error compared to recording on paper. It also allows them to store, as well as access information with just a few clicks.

The problem is that there are countless options available and some of them can’t be trusted. They can either leak information from your company, or sell it to others.

Here we look at the most effective way to select a software that suits your needs as well as avoids complications with management.

Consider your skills and needs

PostImage Consider your skills and needs man coding in his laptop table - 5 Expert Tips to Select Software for Your Casino System

A business which is making $100,000 a year requires different software from a business making $100,000 a month. That’s why when opting for casino management software, consider your existing skills and the needs of your business.

Stay in budget

PostImage Stay in budget money measured budget wih calculator on the side - 5 Expert Tips to Select Software for Your Casino System

As previously mentioned, depending on how much you make, you should opt for a different type of software. More specifically, if you’re making more money than average, it’s best to opt for more specialized software for easier management.

Take note of additional features

PostImage Take note of additional features man explaining new features on the new developmenr - 5 Expert Tips to Select Software for Your Casino System

Features are rampant with different types of software due to the fact that competition is tight. Take out the features and you’ll find that many casino software is the same. So, it’s important to take note of the additional features rather than the main purpose of the software.

Get help from an accountant

PostImage Get help from an accountant man fixing some accounting stuff in his computer - 5 Expert Tips to Select Software for Your Casino System

If you’re looking for an accounting system, it would be best if you get help from your company’s accountant. After all, they have more experience and knowledge with accounting, even when it comes to software.

Opt for cloud applications

Cloud applications rely mostly on remote servers and communication between the software and the company developer is faster. There are many other benefits that come with cloud applications so consider them when choosing a casino management software.

Selecting a casino software is harder than most think. Whichever software you choose, remember that the short-term benefits are not as important than how you can benefit from the software in the long run.

The Benefits of Hiring ICT Companies for Your Casino Accounting System

As experts in the casino industry and CMS market, we know too well how important it is for large-scale organizations, such as a casino company, to get help from ICT companies.

Here are some of the most significant benefits you’ll get from hiring ICT companies when starting and running casino facilities.

More data and insights equal better decisions

PostIMage More data and insights equal better decisions man explaining some business tactics on her business partner - The Benefits of Hiring ICT Companies for Your Casino Accounting System

One problem when it comes to decision-making is that you can’t get enough information to make the perfect decision. However, this can be solved through technology.

When provided assistance from ICT companies, you’ll be offered software that allows you to gather real-time data and insights about your casino company.

That means your decisions will be better or at least result in the best conclusion given the situation you’re in.

Reports given any time of the day, anywhere you are

PostImage Reports given any time of the day anywhere you are laptop displaying some reports and tablet withh calendar on it - The Benefits of Hiring ICT Companies for Your Casino Accounting System

If you’ve been running a casino company for a while now, then you should probably know that your staff, as well as yourself, will be on the go most of the time.

This will cause many complications because you can’t get information while you walk through the facility.

This is, however, a different story when you have the support of ICT companies. This is because you’ll get information, wherever you are, whenever you need it.

Stay compliant to the regulations

PostImage Stay compliant to the regulations man fixing his nextie for a meeting - The Benefits of Hiring ICT Companies for Your Casino Accounting System

Due to the stress of running a casino company and the business you’ll be into; you won’t be able to handle everything.

This is especially true when complying with the existing regulations of New Zealand regarding casino facilities. Sometimes you can slip up and cause some trouble.

You won’t have to experience such events, though, if you’re backed up by an ICT company.

Electronic processes made easy

PostImage Electronic processes made easy blue light on laptop keyboard on zoom - The Benefits of Hiring ICT Companies for Your Casino Accounting System

There are several processes undergone in the casino company. One such process is when you do electronic operations such as payments.

As previously mentioned, you can’t possibly do everything perfectly when running a casino company. That’s why you have an ICT company to do it for you.

With their expertise, you can have no worries knowing that they have your back in such processes.

Be more organized with your accounts

PostImage Be more organized with your accountswoman checking reports on her tablet - The Benefits of Hiring ICT Companies for Your Casino Accounting System

Accounts in the casino industry are hard to manage, even if you have all the time in the world. Not only is it hard to understand, but you might make some mistake and mess things up.

This isn’t the case for ICT companies, however, because this is their line of expertise so you can leave it to them and do the things you are more accustomed to doing.

Securely store data in the digital world

PostImage Securely store data in the digital world cloud computing explanation on graphics - The Benefits of Hiring ICT Companies for Your Casino Accounting System

Any manager will agree that having files of cabinets in their office is frustrating. This can be avoided when you have an ICT company backing you up.

Not only will it offer more space in your office, but your documents will also have more security when storing your data digitally.

Properties won’t be too complicated

PostImage Properties won’t be too complicated happy people in a meeting discussing business - The Benefits of Hiring ICT Companies for Your Casino Accounting System

It’s only natural if you don’t know the importance of “properties” in the casino company, but that’s the case.

You don’t have much knowledge of such a process, and that’s when ICT companies come in. They can manage your properties easier with the use of convenient tools and software.

While there are many benefits with opting for the assistance of ICT companies, being unable to select a legitimate service provider can take away everything you’ve worked for. So, make sure you know how to check the background of ICT companies.

Top Casino Gaming Trends in 2019 Every Casino Manager Must Know

Since the beginning of the casino industry, technology has been advancing at a rapid pace. That’s why the industry had become fond of adapting such technology to their advantage.

Today we look at the top trends when it comes to casino gaming, how it affects the casino industry, and what technology has in store for them.

Global Positioning and Casino Offerings

PostIMage Global Positioning and Casino Offerings night light from lasvegas - Top Casino Gaming Trends in 2019 Every Casino Manager Must Know

We have all experienced the frustration of not knowing where the slot machines are and where restaurants can be found. That’s why GPS was adopted by the industry.

With its help, you don’t have to hunt for these places. Want to play slot games? Looking for blackjack tables? GPS has got you covered!

Facial Recognition and Cheating

Disguises, wigs, moustaches, cards up their sleeves, there’s no denying that cheating is rampant in the casino industry.

Fortunately, with the use of facial recognition, no one can escape identification from the little cameras hidden in the facility.

Ticket Vouchers and Payments

PostImage Ticket Vouchers and Payments black wallet with credit card to be out - Top Casino Gaming Trends in 2019 Every Casino Manager Must Know

Payments are handled by the staff, which means there’s a limit to what they can handle depending on the number of casino customers.

With the use of ticket vouchers, payment will be easier since it’s pretty much self-service and there’s no need to spend on additional staff members.

Internet and Gambling

PostImage Internet and Gambling woman using laptop on coffee shop - Top Casino Gaming Trends in 2019 Every Casino Manager Must Know

Online gambling has become widespread throughout the entire world that many gamblers never thought of going to land-based casinos anymore.

This is perhaps the most popular trend in the casino industry right now. The internet made it possible and there’s no way to predict what the internet can bring to the industry in the future.

Information and Communications Technology and Security

PostImage Information and Communications Technology and Security onlinesecurity featured - Top Casino Gaming Trends in 2019 Every Casino Manager Must Know

With the help of ICT companies, gaming processes such as storing data and records will be easier to handle.

Players will also have more security with their gaming due to the advanced technology brought by ICT companies.

MPLS and Processing

MPLS is best known for being a process used by companies when they send data from one place to another.

However, the most noticeable feature of such a process is that it’s the fastest possible way to transfer data. This is great since casino gaming undergoes lots of processes in a short period of time.

Encryption and Protection

PostImage Encryption and Protection podlock on codes - Top Casino Gaming Trends in 2019 Every Casino Manager Must Know

Due to advancing technology, ICT companies have now found a way to incorporate encryption to the industry.

This made it possible for casino gaming to have encryptions so players will have more protection when they’re gaming.

The casino industry is experiencing lots of changes, and it’s not just their gaming sector. However, one thing’s for sure – technology is influencing the casino industry. It’s only a matter of time before the industry relies mostly on technology.

What ICT Companies Don’t Want You to Know About Casino Accounting Systems

Casino companies have not yet grasped the importance of information and communications technology when it comes to their management system.

This is one of the many things that ICT companies take advantage of when the casino industry opts for technology solutions.

Here we look at some of the things that you didn’t know is possible with technology solutions, and why you should take advantage of them right now.

Mobile Capability Improves Convenience

PostImage Mobile Capability Improves Convenience girl checking her mobile phone while checking her laptop - What ICT Companies Don’t Want You to Know About Casino Accounting Systems

This is one thing that allows ICT companies to improve their communications and other processes. They use the mobile capabilities of their own software to access the data that would otherwise be exclusive to high-spec computers.

It’s important for you to understand that such software is bound to be capable of operating on mobile devices.

That means if a manager is on the go and wants to take a look at real-time data insights, they can pop it in their mobile device and easily access the data.

Remote Access is Available in Mobile Devices During Audits

PostImage Remote Access is Available in Mobile Devices During Audits girl using laptop to assist client while sitting on the side of the window - What ICT Companies Don’t Want You to Know About Casino Accounting Systems

Financial audits are critical moments for companies. There’s no room for delays and other mistakes.

That’s why with the mobile capability of information and communications technology companies will be able to avoid any mistakes in such situations. Unfortunately, this only applies to software that handles accounting processes.

Paper-Based Process Converted for Smart Devices

PostImage Paper Based Process Converted for Smart Devices woman using her laptop with paper files beside her 1 - What ICT Companies Don’t Want You to Know About Casino Accounting Systems

The procurement of payments and other financial processes is often made with the use of accounting software. Of course, this is also done through computers.

However, since technology is advancing, smart devices are now capable of handling such arduous tasks.

In addition, even if a manager doesn’t know anything about technology, the interface of accounting software is simplified on smart devices.

Optimal Visibility and Convenience to Digital Dashboards

PostImage Optimal Visibility and Convenience to Digital Dashboards tablet with accounting tables and reports on table top view - What ICT Companies Don’t Want You to Know About Casino Accounting Systems

Digital dashboards are often used by casino companies to monitor financial information. This is used by staff members in front of computers.

But it doesn’t need to be that way because these dashboards are now accessible even to lightweight mobile devices.

As helpful as ICT companies are, there are times where they need to restrict the help they provide to maintain their revenue. That’s why you should learn how to manage situations yourself if you want to be consistent.

Top