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Running your own Casino
There are now so many casinos on the internet that it may seem like
everyone is trying to get in on the act. However, if you have the
funds and knowledge, it is possible to make a decent profit from running
your own online casino.
There are basically 3 ways to get your own casino:
- Create the software & web site, recruit a customer service team,
arrange your own payment solutions and acquire a gaming license.
This is an option for the very large business or incredibly rich
entrepreneur, as you could be looking at paying out well over a
million dollars before you begin to see any return. A gaming
license is not easily come about, as government approval is generally
required. The main advantage to doing it this way is that you
have a full rein over what goes on, and you should not need
significant extra capital in future.
- Pay to become a Licensee of casino software. Companies such as
Starnet are involved with this option. They provide the software
(usually generic) and tailor it to your casino branding. This
costs less than option one, but can still be up to $500K. They
provide the customer service and your casino comes under their gaming
license. There are significant differences here in terms of
finance too. Usually, the licensee must pay a percentage
of the monthly net revenue to the software provider in return for the
provision of customer services, license and payment solutions.
This can be anything from 15-40% of the profits.
- Become an affiliate or sub-licensee of an existing casino. This
is the cheapest option and can sometimes even be totally free to set
up. Obviously, the company running the casino will take the lion's
share of the revenue, but you could still make between 10-50%, depending
on the revenue you generate and how much the casino is prepared to
pay. The main problem with this option is that the casino will be
difficult to brand to your own specs and may not look as professional as
option 1 & 2. This is more for your "hobbyist" and
people interested in making a little extra money.
We have many examples of companies who provide all three options, and
can assist you if you are interested in getting an online casino set
up. For more details, email your questions to support@the-online-casinos.com
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