Like any other sector of the economy, the gambling industry is subject to risks. With the right approach, many crises can be not only predicted but also turned to your advantage.
Installing reliable security software is a key element of risk management.
Risk management is the process of making and implementing supervisory decisions aimed at protecting the casino business from all kinds of dangers.
This procedure is continuous: the company's specialists carefully study the gambling industry in order to anticipate new risks and deal with current crises.
As in many areas of business, there are the following types of risks in gambling:
Risk management is associated with the strategic planning and development of the enterprise. With the right approach to business, many critical situations can not only be predicted but also made useful for the operator.
For this reason, multivariate risk analysis is carried out in connection with:
Analysts of the consulting organisation Enhanced Due Diligence identify 5 main types of risks that representatives of the iGaming sector are exposed to:
Risk management in gambling depends on the structure (features, legal status) of the casino operator.
Let us consider the most common situations:
Large gambling holdings create separate departments that perform risk management work.
Their main tasks include:
Cooperation with outsourcers
Representatives of large, medium and small iGaming businesses often delegate management functions to outsource.
Professional lawyers, managers and analysts actively monitor the gambling market in order to inform clients in time about possible crises
Buying security programs
The software performs several routine tasks related to:
Relationship with the parent company
Entrepreneurs who have opened an online casino under a franchise agreement or White Label scheme do not need to worry about hazards. Risk management functions in such cases are performed by the parent company.
The task of the franchisor is to build effective communication between them and the partner operator in order to minimise dangerous situations
Well-known software manufacturers and distributors practice different approaches to the organisation of anti-crisis management.
We offer to consider cases of reputable gambling companies:
The provider produces and distributes entertainment content. It interacts with hundreds of B2B operators from different jurisdictions, so it closely monitors the safety of its assets at all stages of collaboration.
Evolution Gaming’s risk management is aimed at:
The main risks of Sazka Group, a well-known lottery operator, are associated with losses due to frequent winnings by gamers. For this reason, the provider creates an event line using the average value method.
All coefficients are evenly distributed among the most requested events for the day (weekend, week), while there are no sure bets and unfairly high (low) bids in the line.
This approach helps to diversify the cost of paying out prize money. Even if there are several big wins in the reporting period, they will not affect the total profit of the lotto operator.
The largest bookmaker in Europe follows a risk prioritisation strategy. All dangers are divided into primary and secondary.
The first group includes the difficulties associated with:
The second category is the risks caused by:
Connecting programs to protect casino sites is a universal way to improve risk management in an enterprise. The solution will benefit both large iGaming operators and small companies, as well as newcomers to the market.
The key advantage of the product is its wide functionality.
Security software performs the following main tasks:
The product provides multi-level identification of gamers based on:
Proper authentication helps to “weed out” minors, gamers with signs of addiction, and bots
The system analyses the operator's payments, identifying behavioural and logical anomalies.
As a rule, this is:
Casino site protection
The software guarantees powerful protection against:
Security measures are based on cryptographic encryption and obfuscation of important programs, on the encoding of static keys
At Casino Market, you can order iGaming project safety products from such reputable providers:
At the Casino Market organisation, you can purchase well-thought-out solutions for the security of your gambling business. We will conduct a comprehensive risk analysis and develop a strategy for their effective elimination.
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