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So this evening, I was thinking within myself, Businesses I could start if I made good money, I mean money large enough that I could start any business comfortably(no matter the cost) without going through any financial crises before, during or after starting the business.

So one of the ideas of businesses to start that came to my mind was a gambling casino, online casino preferably for me, so as part of my research, I thought I should put this question out here to you guys …

If you made a billion dollars or even more, as someone who love gambling/betting and have been doing this on several other casinos for many years now, would you rather start your own casino?
Or would you prefer to keep gambling, doing your sports betting on other casinos even when you know you have more than enough money to start your own casinos and make the casino as big as you want it to be??

Inputs are greatly appreciated.

You do not need a billion dollars to start a casino even if you want to build the casino from the scratch, less than a million dollar should even be enough to start.

No everyone wants to build a casino, some people just like it and have fun with it. There are many millionaires in the world if compared to casinos, the casinos are few.

It depends on you, but not everyone wants to build a casino.

Lastly, you interchanged casino and sport betting, I hope you know that they are not the same, although a gambling site can have both.

Perhaps I would, but there are other kind of businesses I would consider as well which are more familiar to me.
I somehow I managed to get rich so quickly besides starting a company, I would also enjoy some of the money with my family.  ;)

The thing is that one can have a lot of money, but that alone does not guarantee success, there has been several examples of banks, companies and individuals who lost it all because they decided to get into a market they did not know enough. And I am not even mentioning the huge competence in the gambling sector!

It comes to mind the case of Barings Back, a powerful back who disappeared because they did not know better and handle over much their capital to a single trader.

https://www.investopedia.com/terms/b/baringsbank.asp

So if a century old bank can fail because lack of knowledge or common sense, then it can happen to someone who just turned into a billionaire.

I think that if one makes his own casino.. may spoil the fun of it. Or, at least, would not play at his casino (and then it's two unrelated things).

Having/managing a casino is not necessarily for a gambler. It's for somebody who knows to handle all the legal things, all the software and security issues. Gambler(s) can be asked for opinion now and then in order to spice up the games. But the rest is more management than gambler-mind business.

Even more, a gambler may take unnecessary risks with his business (eg start with too low bankroll and risk not having money to pay the winnings at start, especially as the start is more expensive due to increased advertising and bonuses), so he can doom the business before properly starting it. Not a good mix.

Honesty yes, I also have the same thinking if ever given a chance to build my own.

I know being a gambler for long isn't enough as running a gambling casino is tough. But with a decent of money on-hand, I don't need to know every aspect of running a casino as I can pay a professional person who can deall on other sides that I'm not aware of.

Who knows I will get there soon. Time will tell. :)

I used to be a gambling addict and I used to do it for money thinking some day I will recover all my losses and then I will give up. But it never happened. I was lucky that my close people stepped in and helped me to give up the habit.

Now when I gamble, I do it for fun. $100, $50 not more than that. And when I lose I do not regret. Never think to make money from gambling. So if I need to have my own casino for gambling then no, that's not the reason I will do.

Having a casino needs high bankroll, so that you can pay one or two or even a few lucky guys who will hit large amount or you are done. If I have huge amount of money then I will not risk it in casino business rather I will have a business where the risk is lesser. Casino is still a risky business for the owners. We have seen a few successful casino to shut down. If they were in money, they would not decide to shut it down.

Investment in startup are the best way to accumulate your money.

Most likely not. I could just continue betting and just enjoy the billion dollars I got than go through all the troubles of having a casino that might give me headaches. I'll just enjoy life and probably watch live boxing and NBA in the stadium.

Managing a casino must be tiresome due to the harsh competition but investing on it like becoming a partner might just be a better idea for me.

Of course I will. If I can and I know how to buildy own casino then I will surely make it. After all, casino is a business either I make it a licensed casino or not. One more thing, I would absolutely listen to recommendations and suggestions for the casino to make it better or you can say a casino made exactly what people suggested what it will be. Of course, one of it will be the cryptocurrency that is accepted in one of the payments when depositing and in withdrawals.

^ That is a huge sum to start with and I think even a million dollars could become a start of a business.
But put in mind that running a successful casino requires a lot of expertise, resources, and effort, and it can also be a high-risk venture.
If you continue to gamble or bet on other casinos can be a more straightforward and less risky option. With a billion dollars or more, a person could potentially place very high bets and make significant profits without the added stress and responsibilities of owning a casino but if you cannot manage it well, it boils down again to zero. So the decision would depend on the individual's priorities and goals. Some people probably find the challenge and excitement of running a casino worth the effort and risks, while others probably prefer to focus on their gambling and enjoy the benefits of their wealth without the added stress of running a business. For me, I will choose to keep gamble for less responsibility.

You can't run solo when running an online casino. Take note that you can have all the money but are you ready for other areas you need to take care of?
Such as technical support, security, licensing and other aspect of the site to make it in the competition. Do you think you can find other people that are capable of these areas?
Do you also think you can handle the stress brought about by daily operations, it doesn't stop on day one when you launch the site, but it is continuous
process of improvement, innovation on your site to compete with other casinos? Are you up for this challenge?
If you think you already cover all the areas in running a casino and you feel confident about it, then, maybe try running your own site and see where it will bring you.

I think this is a rhetorical question to many of us who gamble almost daily and that is a big yes if I know I could.The reason is simple,the house edge,it is exactly the house edge that in the long run keeps the casinos running and that is in the slot machines,not for nothing slot machines are the most played games in most of the casinos.Even in offline casinos you will rarely see the slot machines free without people playing them,they are simply to addictive and they can give you an instant huge payout or even in those extremely rare cases a huge jackpot,these are the reasons people keep playing them.When I know I would have a guaranteed profit as a casino of course I would build it if I knew I can.

Having your own casino are way more profitable compare if you remain as a player only, so if I have the knowledge about this one and I have the capital to start my own casino then I will push it through I just need to look for someone who can trust my ideas and invest with me. Well, this is a good business after all and many casinos started from the scratch as well, if there’s an opportunity for this why not.

If I have the money, yes I would in a heartbeat. Casinos always win or either breakeven in the long run if the games they provide are truly provably-fair and has a lot of regular customers returning. The only failure I see in casinos is if they fail to take into account the security of their site which should not be underestimated in any way as that may begin the downfall of the casino (through hacks and other malicious attacks). If I know all of these anyway, and I have the money, why would I not try and make it happen? Most of the time, money is the only limiting factor to one's success.

There is a difference between loving something and managing something as a business. Even with plenty money, it does not still mean that you will be successful. With it as a business there will be a lot challenges to face and with you as the leader, you will be under a lot of stress with trying to manage a casino that you may even loose your love for gambling or betting. Consider a lot of things and ask yourself if you are really up for the challenges that come with running a casino before you choose to begin.

^It was already said above, do you need to rephrase it?
It requires a lot of expertise and resources, especially in areas such as technical support, security, licensing, and other aspects of the site. While it is certainly possible to find other people who are capable of handling these areas, it is important to have a solid team in place to ensure the smooth and safe operation of the casino. If you can be able to handle the pressure and constant need for improvement and innovation and if you are up for this challenge and feel confident that you can cover all the areas of running a casino, then maybe starting your own site is worth considering. Because for me, running a successful casino is a complex and competitive business, and there is no guarantee of success. It is important to weigh the potential rewards against the risks and make an informed decision based on your skills, resources, and goals.

The thing is; it's one thing having the money for developing a gambling website or casino, but having the bankroll to make sure you can cover any winnings in the early days is also a requirement. The alternative is you can limit the amount your users can win, even fiat companies do this, but you have to make sure that you can handle the amount of money being wagered. If not, you've been rather irresponsible.

The staff don't come cheap either. You need a security expert, you need developers, chat moderators, odds makers, and likely a legal team. Since, the average person isn't going to know the laws around delivering content to multiple countries around the world. Also, you have to store secure data, and you need both security, and the legal process to do so.

You don't need a billion dollars though, that's a bit far fetched :P.

Any sophisticated casino software is going to cost you quite bit. I once got quoted £20k for a project which was far less complicated than a full fledged casino. It wasn't related to gambling, but including a mini game of sort. So, you need quite a bit of money for the software development itself, you need to hire people to make sure it operates smoothly, you ideally need to advertise, and you need the bankroll to cover any potential winnings. It's very likely going to be above, and beyond a million dollars.

Right, which I believe a lot of the sites open today, and are well renowned actually risked their reputation in order to get started. Unless, you're operating a rather low wagering site, i.e restricting user registrations, as well as wagers, you basically need to be a multi millionaire.

Generally, once they're large enough. However, quite a few casinos fail, and if you aren't careful it can get rather messy quick. I mean, definitely be prepared for law suits too which you should probably be factoring into your costs. I'm not saying you intend on getting sued, but if you've made any errors, then it can easily lead to a law suit. The big fiat companies have been sued multiple times, sometimes successfully.

That's too much management, and starting it up will definitely eat a lot of my time. I'll choose to enjoy my money and gamble wherever I want. Building up is costly and you may hear people saying that it's a profitable business which is true. But building one is out of context for those who think it is worthwhile. That will require a lot of time, money/capital, and effort until you see a little light on it. It is not even sure that the one you'll be building is going to be successful so, I'll choose to remain what I am now and remain low profile.

This would actually falls down on someones preference and interest because if a certain person do really loves out gambling then its either he would just purely play gambling and wont be tending to put himself on hassle
when it comes to business venture then for sure he would really just directly play gambling without any minding about building one, but there would be those people who would really be that mindful when it comes on
making some business despite on having tons of money not just for the sake of entertainment and interest but also he do really mind off about long term prospect when it comes on making money or revenue.
Somewhat being that a businessman despite on having tons of money would really be mostly on someones target or preference.

It will be too much though, personally I will not go that route, there are things behind that you really need to focus in the beginning and it's hard to find people that you can trust in my opinion. I would rather put up a business not related to gambling in which I or my family can manage easily.

And besides, you already have a lot of money to begin with, why not just enjoy the rest of your natural life?

Maybe go travel and then still play on your favorite casinos online/offline.

I would love to do an offline casino if possible, it seems easier to manage than having an online casino but this will really be a big decision to make.
I would need a feasibility study to look at if it's going to work for someone who doesn't want to deal with the bureaucracy in the government. And if I can't find some people who can back my casino plan, it will be a flop.

On the other hand, having billion dollars can already make someone live a high life.

This should be the goal for every gamblers, to have their own casino that can be a profitable business.
This is my dream actually to have my own casino, and only if I have the money and knowledge about casinos, probably I can easily have my own casino even if its offline or online. We know the house will always win so its a good business after all, have your confidence about this and if there’s an opportunity for you to do business better to grab it.

Well, if you have lots of money then you only have to hire people which will lessen the work that you have to do instead of managing almost all of it or all of it if you don't have a team. Anyway, that only happen if you have enough money or once earning profit from gamblers then the funds won't be a problem which is used to pay your employees. That's what I'll do too if I have money and can start or build my own casino.

No I wouldn't start my own casino.  Playing in your own casino beats the idea of winning because whether I win or lose it doesn't matter, the money comeback to me.  It feels like playing a play money in a casino, nothing gain nothing lose.



I love to maintain the adrenalin so I think I will keep playing, nothing beats the joy if we win a huge amount in other people's casino.  As I stated, there is no adrenaline pumping if you know that whatever the result of your game is, you will not be a winner or a loser if you play in your own casino.

Why not if it is part of your passion, creating a website is like building a house you want to be as complete as possible and something that will satisfy you first and those who will look at it, creating an online casino is costly and you need a coding knowledge and basic knowledge on launching a site like buying a domain and host and configuring it, I think that's the end goal of every gambler to have their own online casino and see if it's good enough to be competitive from all the casinos that you played in

I'd probably still won't. Not because you have the skills to create something, you would rush doing it already. It would be better to always manage the risk. I am aware that there are many gambling sites which are existing at this moment which means there is already a large competition serving as risk whether my new platform would stand out over existing ones or not. Also, capital; it will always be considered. Building your own casino won't be cheap especially if you are aiming for quality or if you have long term vision of it; team or management expenses, maintenance of the platform, monetary reserve and such.

To put it simply, not because you can do something, you'd do it already. Many people knows how to 'box' or fight, but it doesn't mean that they have to list themselves on pro-boxing. Considering the outcome of a decision would be always important than to be reckless.

When you do already have the money came from other sources that you do have then it would be unlikely that you would be creating for your own when it comes to to gambling.If you do see that you are really that interest then why not building on your own since you do have the money?Just like the rest been saying that this would falls down on somones interest whether those ideas would really be going inside on someones head or not or just simply tending to play on his current wealth and dont mind any more businesses but for being a gambler then for sure he would really be having that idea on pursuing on making one.
This do really depends on someone specially if you do have the money to be spent then why not?

Building your own casino costs a lot even though we understand coding but we need a professional development team to speed up building a new casino, just like any other business that you create a "whitepaper" for your casino and build relationships with other businesses to support the progress of your new casino, a lot of risk and the challenges you will face and maybe get frustrated because your casino is not growing, so consider everything before building a gambling business even if you have a lot of money.

If i have all the resources i prefer making business out of it. Casinos are designed to be profitable as house always wins. Depends on casino's house edge percentage but it is the thing just choose better game providers, system security and many more to consider that is why you need a huge resources on that. I dont know the range of money you need it probably is millions should be considered. But of course you can do it with share holders, invertors, etc. not just only you, at least 3-5 owners. Well, this might sound easy but is not.

Not only if you can but if you can make it competitive, the casino is the most competitive industry this is a multi-billion industry, and it's not really that easy, there's a big difference between what you know and how to be competitive, you need to do feasibility study form a team and set your goal.
Remember you are up or will be up against the casinos you've been playing you know how popular these casinos are and how they do marketing, so you need to assess your team's capability against these popular casinos.

Why should I open a casino if I already made the billions knowing how deeply I have been involving in gambling, I won't want to spoil the fun so since I made a billion I will rather continue playing just for fun, this is because I wouldn't want to border myself with the stress of running the casino as I am well aware of the task that casino owners face 24/7 and it, not something that I will like to do so I may just trust the other guys with the job of running the casino and I will ok being a regular player.

-But if I am to hustle for the money by operating a casino, then I will prefer an online casino, this is because it will allow me the time to focus to build the platform with my potential revenue in focus, since building the casino from scratch won't cost me much and it will allow me the chance to be involved in it a kick of foundation

A businessman is always a businessman, you must not wait to accumulate such amount to start your business to keep you financially flow free. Well if is me i would rather go for what my mind alway yell and beat for, if i noticed i have much passion for gambling site then i would go ahead building it, it could be online or offline inasmuch as the funds needed start the process is ready then nothing to waste much time without venturing into a good business.  I believe lots of people have listed what it takes to start building a gambling site, you can also visit project development board (https://bitcointalk.org/index.php?board=12.0) to read more.

Well if I have knowledge about starting up a casino or gambling web business then I want to start one, but unfortunately I'm only an enjoyer of gambling so never thought to start a gambling/casino business in mind. If you have a chance to start one then get that chance maybe you can make another fortune with that.

Well, if I am capable to start my own casino then why not?

When you start a business it should be your interest and you're knowledgeable in this field. I have billions and into gambling therefore building my own casino would be a good idea. We know it's profitable business because of the house edge.

Rich people don't just spend their money. They also love making money, so a business while doing what you like is much better.

Even though I love to gamble, I never thought of building my own casino. That has never occurred in my wildest of dreams. I guess a casino or any gambling business for that matter is not my cup of tea. If I have a billion dollars, I guess I will get into real estate business, although a beachfront hotel or a resort with a small casino isn't really a bad idea. But it's not gonna be a business solely dedicated to gambling.

One of the expenses that most people will ignore in this is legal expenses. You need a good legal team to start an online casino and even to run it. Like for starting the casino, you will have to check the laws related to online casinos in your country. In some country, it might not be allowed and then you will have to fight legal battle to get is allowed by court. In my country, a leading site which deals in sports betting got this done through court and today they are the leading payer in this niche as they were the first to start and execute these type of betting games.

I think it's not the best idea when you want to start any business including casinos. I agree that risks should be considered before starting, but we never know what will happen if we don't start.

Building successful casino is a very challenging thing. You need a lot of budget and good marketing for marketing your services. The gambling industry is not as easy as it seems, so of course you have to have a solid team and strong investors to keep your bankroll safe. However many people have entered the gambling industry and tried their luck, but no one has ever been successful until they tried.

Hmm If a possibility to choose a different type of business, then not a casino. Heck, I'd probably avoid businesses in general and just buy good plots of land in my area if I can, maybe become a landlord for one good area if need be. I'd still gamble yes, but only at that. Even with all the positive situations that would make me build a casino, I'd still choose to build or go to a different type of business opportunity than casino. Simply a matter of preference if no factors are involved other than my willingness.

With a billion dollars you can retire and not work. What happens to a lot of people when they do is that after travelling and playing golf for a while they decide to go back to work to fill their days, being their own bosses and in a project they are passionate about. Better this, because the other alternative that usually happens is that they start with drug abuse and end up badly or in a detox clinic.

In this case, if it happened to me, I might start a casino, but I don't think so if I had that kind of money. That is to say, if I were already rich but not yet fully satisfied, I could set up a casino to keep getting richer, because I think that a casino, as long as it is well run, is extremely profitable.

With a billion dollars, I think I would orientate the business towards something that has a solidarity, ecological component or something like that.


I remember reading somewhere on the forum that the minimum to set up and run a cryptocurrency exchange, including having a decent banrkoll to start with, would be $100,000.

I might be starting my own casino and to do that, I need a lot of preparation, including domain, hosting, a team that will help me, capital allocation, types of games and others.

Maybe it will take a few months to launch my casino, but I'm sure it can run well with everyone's support. It's better to try to start your own gambling business than to play gambling, even if only occasionally because you can make money as income by having your own casino.

And if the casino can get bigger, it will generate income for us. And of course, we as owners must manage it well to get a good reputation.

If I had a billion dollars, I would never bother building online or offline casinos. What's the point of making more money, if you are a billionaire? This is just pure greed. If you are talking about making your own casino only for the sake of playing gambling games there, I can't find a valid reason to waste my time doing such thing. I guess that I won't be losing the money, which I spent gambling on my own casino, but if I was a billionaire, I wouldn't care that much about wasting thousands of dollars on another casino.
Even if I'm not a millionaire/billionaire, I wouldn't start a gambling business, because the gambling industry is extremely competitive.

Starting an online casino especially when you have all it takes without you having to run into financial crisis is a very good business and to be frank, I'm very sure that starting a casino and getting it running isn't an easy one especially at the starting stage because it very expensive to run a casino especially an online casino which is expected to serve from from different parts of the world at same time.

If I have what it takes just as you asked, then definitely without any or much hesitation, I will dive into owning my casino and while doing this, I'll ensure to get the best management for this as the success of the casino is paramount on the management. And there are other several other business one could venture into with that kind of money and an online casino boss definitely one.

Owning a casino is just a dream for me, even if I have much money to do it but the regulation in my country is not that friendly because it is against the law. Gambling business is like a very profitable business and I believe most people want to have it although the competition is quite tough at the moment. With the situation in my country, I think I will not build my own casino even if I have billion dollars but maybe the best choice is that I move to other country where gambling is legal and I can build and manage my own casino.

You are right that there is too much competition among gambling sites and there are many new gambling sites that are coming up, the competition is high. But one thing I know is that new gambling sites are making it, you can see many gambling sites came up and making high amount of money. But I just do not have that mind to have one if I am rich but as many as they are, still they are making money as long as your gambling site is legit, having many promotional offers, deposit offers, having good customer care, good payment and withdrawal method and if it is trustworthy.

Offline casino will carry many risk like criminals and other things, not to mention if you live in a countries where offline casino are illegal. This make you have no way to build your own offline casino in your country.

I think online casino is good if you want to build your own casino, because you don't need to be legal and you can use someone KYC to register your domain in order to become more private. You're also have a right to create any terms of service and can easily accuse someone with your rules.

in my case if I had a billion dollars I would open my physical casino, in my country it is more advantageous to open a physical casino than an online casino, with a billion dollars I would be able to build a luxury casino in my country, but the serious casino aimed at all social classes, I would pay for advertising and invite artists from my country to publicize the casino, in the casino I would create something like:

when the customer entered the casino, he would have an employee who would direct him to a room where he would explain everything about the places in the casino, its games and how he should proceed when he won and wanted to withdraw the money and also when he had a problem, too would put an entertainment room like: a stage where there was live music and a bar for customers to drink and relax, when a customer lost a lot of money, for example if the customer lost something like more than 2000$ in one night or during the whole the day, he would have the right to enter the bar for free to watch live music and drink for free worth 100$

if a customer lost more than 10,000$ during a month, i would give him a 100$ bonus to play in the following month, of course i would also do a lot of promotions like lotteries to make people go to the casino to play, the physical casino without a doubt which would be the best choice in my case to implement in my country

I have a bit of a personal question....

Is your gambling under control or are you a bit addicted to gambling? The reason why I am asking is this.... I have seen people who love to visit bars, going on Pension and buying a Bar ..because they say that is what they like. Many of them have no clue how to run a business and end up drinking themselves into bankruptcy.  ::)

Also, your passion for gambling might be gone.. once you see the inner workings of the gambling industry. It is not as glorious as many seem to think. (I have family members in the gambling industry)  ::)

It’s good idea about starting the business and that includes the crypto currency.We all earning some dollars from the crypto currency,but we need to make use of the knowledge of crypto currency.Most of the people in the world doesn’t know what is crypto currency.Even when I had tried to share some about crypto currency and it’s benefit.My friends doesn’t willing to here that,then I shared them about gambling based on the crypto currency.My circle is filled with the gambling interesting people.If you had started the business,we guys would love to participate in that.Only thing is the site must be loyal to the users too.

Even though you have your own casino, you can't gamble on your business, because if you win, it will raise a red flag among customers who will think the house is rigged to favor the business' owner. Therefore, you would still need to gamble in another casinos you aren't partnered with.

But nothing forbids you from making profit running your own casino and using the profit made to gamble in another casinos.

casino business is not very easy. It is a very hard business. So no one can succeed in casino business if they only have money.  To do this requires different strategies. There are huge number of online casino sites in the market now so it is very difficult to survive in the market by competing with them.  And when someone starts an offline casino business, there will be various government restrictions and taxes, so even if a person wants to, he will not be able to succeed in the casino business easily. And to survive offline casino business will require political power and various technical strategies. so i will not interested to build a own casino site. coz i think gambling should be a place of fun for me it shouldn’t be a business for me.

Owning the casino will be the dream of most of the gamblers.Because playing your own casino is like ruling the jungle like a Lion King.Then we have some glory of other gamblers using your gambling.The joy of owning the gambling site is nothing like anything,I can’t explain my happiness in the word.The important part is we need to save all your money to make it huge.We all have lot of expenses daily,our personal commitments.We need to feed food for our family,apart from the expenditure.We should have a habit of saving some money from the expenditure.Then we should find the correct person to developing the gambling site.

My answer is no. Why? My purpose for gambling is for the fun and thrill of it. There is absolutely nothing fun and exciting about going into business especially the gambling business of running a Casino. If I made a billion dollars or even more what I would consider doing is to be a game's provider.My reason will be because I want to create casino slot games that I have always fantasized about since I was a kid.

With regards to sports betting, if I made a billion dollars or even more instead of becoming a bookie, I'd rather start a business that offers expert sports betting advice. I'd leverage technology to create artificial intelligent models that would enable punters make smart bets on sports games.

Even though I have enough funds to start a casino and also have the skills to continue developing so will not be 100% dependent on developers getting into the casino business whether starting it alone or being part of a team is not something I would consider doing, I love to play casino games or also betting on sports betting but I only like to play nothing more.

We know how does the gambling casino works and could be a good business because there's a lot of people keep actively playing gambling but this kind of thing must need to have a team like with the developer of the front and back end and also the marketing strategy for how you do make good promotions, but this kind of project still requires a lot of time and effort. If you have with this it's good to share in the community too like the promotions made by other casinos.

Provably yes, If I had all the resources to start building up a casino for sure will start one. Because its really fun to create a business which line to your hobby and for having this for sure you can enjoy this and can expand since you have all means to operate this. For sure running a lot of promotions and partnership will be an exciting part here and its fulfilling especially when your business growing up successfully.

If its really in line on what your passion is or a habit then building one would be likely but it does depend on if you are really that pursuing on creating one.In my part i would create one
but wont really be that an assurance because i might really just focusing on playing without having the hassle but for sure if you are billionaire, you do already have lots of
business which your income source which means if you do decide to adding up one then you would consider on building one but it would really be that
basing on your interest in the end of the day.

something like this has also crossed my mind, but if it is true that I am in this condition (having billions of dollars in the capital) then I have no intention of starting a gambling business because I know I won't have time to start it.
apart from that I also took Drake as an example, he has a lot of money but why did he never have the intention to open a gambling business and instead continues to play at stake.com
I understand a little about Drake's reasoning and in my personal opinion, being an ordinary gambler is easier on the mind than opening my own gambling business.

I would love to build my online business and casino is a good option but I have not the basic knowledge how the back end works
If I get to know that - I would surly do it! 100%

my statement will answer your topic title and the content of your thread

first of all have you heard of a casino owner who used to be a gambler.
if you've heard the term, it's true to me. because if you know some of the members on this forum who have been here for a long time and were once gamblers, they finally have their own casino and make millions of dollars.
and to create your own casino, if you have a lot of skills and knowledge about gambling and its systems, it doesn't cost much to build your own casino.

having your own casino may be one of the desires of gamblers. because the gambling business, especially casinos, is very profitable and makes more money.
but it all comes back to each of us whether we can have this ability. if we don't have any ability can only gamble and want to have our own casino in my opinion it will take a lot of money to make a casino. because we definitely need a team with all skills to control all system operations in your own casino.

Building a gambling casino is never easy. You can be a good and profitable gambler but that won’t be enough basis that you will also be a trusted casino owner. You should be more of a businessman than a gambler alone, and that you should be aware on how to grow a casino business and make it work and become on top of other casinos through the years. However, I only prefer to have just fun and gamble when I want to, and have no plans to live a stressful life no matter how profitable that kind of business is. So for me, I just want to gamble and never dream of becoming a gambling casino owner.

In a bigger picture where you already have a casino, you would learn the tricks of the casinos to make thier customers stay and lose more. I think once this happens and the realization kicks in, you might not gamble in the end and just own a casino because ultimately it's better to win constantly than lose sometimes on casinos you know are luring you to lose.

I guess the only way for a gambler to see the world of gambling is to become part of both sides. Becoming a gambler and the casino as well. Sure there is a good thing about that.

Speaking from a business perspective, the casino industry is an interesting business and promises big profits, especially if the casino we have is one of the leading casinos. however, I don't think I'm the right person to open a business in the casino industry. but, if you are interested in getting involved in this industry. besides you have to have sound financial logistics, you will also involve many parties to help you manage the casino that you founded. I'm sure, at least you have a big picture of how to start a casino business, especially online.

IMO, the toughest challenge is, to build a casino's reputation to be trusted is the hardest part, at least it takes time and process.
By the way, suppose I have abundant finances. to be honest, it never occurred to me to have my own casino. I prefer to be a connoisseur of gambling, rather than being an owner.

Technically speaking, we all can. It is really not that difficult, it is financially pretty impossible to build and that is literally the reason for 99% of the people in the world not starting any type of business. If you give people the capital required to build any business, it could be casino, it could be anything else, then 99% of them would say yes.

This brings us back to the question, if somehow magically I get money, then I would start one for sure, why not, if someone gives me money to build a casino then I would do it. However, if I were given the same amount of money and asked "do whatever you want with it" then I would probably just buy bitcoin and hold instead.

I don't think people will soon build their own casino anymore, that requires complete software packages that save you a lot of time and ultimately money. Setting up a casino doesn't seem difficult to me in essence, but acquiring customers is difficult and you also have to make sure you can pay your players, you have to have enough budget for it otherwise you don't even have to start. There are many people who have ever experienced this as a dream, but in fact you also need a lot of luck that gamblers lose a lot and do not win.

Since I already have billion of dollars, I might just continue what I'm currently doing why I managed to have that decent amount, and no need to engage in the gambling business. I will just continue to play gambling and treat it as one of my best hobbies. Having a billion dollars, it's already an amount that can support my living even if I count for several decades or even centuries, and therefore, I will just improve and prioritized those businesses that gives me that kind of net worth.

Let's say I really just want to experience having a gambling site, or want to add owning a gambling site to the list of my current businesses and investment, I will just hire some people to do that for me and what will I do is just to name the business under me, have me named as CEO, and will do the funding. No need to focus on that business as I have lots of money to work for me.

gambling business is not for all, even if you have tons of money. it is understandable that some people will just continue what they are good at. remember, owning a business is like preparing for stressful days also. it is not all profits that you will take but all kinds of problem from the clients as well as your employees. so are you ready to face such challenge?
if you think you're up to the challenge, then go ahead. but do take note that you can't just quit in the middle of this endeavour.

The downside with new casinos is that the competition is so stacked right now that a lot of them could struggle to keep up. It just reminded me of that year back then when several gambling sites launched at almost the same time and most of them aren't sustainable.

But then again with that amount of money, it's worth a try because IMO there is still room for crypto sportsbooks to improve based on what i've experienced between a few of the top crypto sportsbooks.

why not do both, I mean, you are a billionaire, so why not try and start your own casino. you can even build both physical and online casinos with that much money. but personally, I would rather just gamble. If I were to build a business it will be something that interests me a lot and would like to actively manage, don't get me wrong, I like gambling but there are things that I deemed far more interesting than gambling.

if you want to be rich, actually your choice is right to build an online or offline casino, because being a gambler, of course, you will spend more money than building the casino itself, I personally have no intention of building a casino because it might be difficult to maintain its security both online and offline, but if you feel capable and want to run it I think it's the right choice.  ;)

If all what I have is money to start a casino I will probably prefer to stay away and refuse to create an online casino, after all even if we know that online casinos can generate a lot of money for their owners, this is a sector of this market which has experimented a huge growth over the last years and with this the competition has increased significantly as well.

This means that unless you know very well what you are doing then you will not be able to create a successful casino, and whatever money you invested in it will be wasted.

Might be interesting if we have a poll in the beginning, to see which everyone prefer?

But it seems though that I will be with the majority here, I'm not going to dig my hands on the business side, specially casinos are so big this days, even with billions I don't think it will be enough though, for all we know.

And then marketing, getting the license, and obviously, the land itself so there is a lot going on behind building this huge casino's houses.

Making a casino would be better than using the money to gamble because it can give you income that can become your passive income if you manage to grow it bigger. By having your own casino, you can also play gambling at your place and don't need to go anywhere and you can also play whenever you want. But when you have managed to collect some profits, you will be interested in getting other benefits and that's when you want to grow your casino to be even bigger. It will give you a good monthly income, especially if you can attract more people to play in your casino.

Do you mean that you made a billion dollars by gambling alone? If so, would you really want to start running your own casino/sportsbook? Probably not. As a skilled gambler it would make more sense to keep on playing other peoples websites than your own. You already proofed that you can make a lot of money with it, there is no need for running your own business. Or in case you made this money in a different way and just want to enjoy life now. But why then have to hassle and run a casino? You already have all the money in the world and don't need to worry about anything anymore. With a billion dollars I would focus on enjoying life and not run a casino.

If I made a billion dollars or even more, I would start my own online casino. I would run it the way coca cola runs their business all over the world. By using a unique franchise model. I would never gamble again.
There wouldn't be any need to. I will sign up brand ambassadors who are superstars and have them partner with me. I would also go ahead to contact reputable campaign managers on this forum to campaign. A billion dollars would turn into 50 billion dollars in no time. This is what I would do.

My question to you is, why do you want to turn a casino into a business? if for example, you have 1B$ you can build many businesses there not just casinos.

    If I am the only one to be asked for 1B$ if I have a traditional business, I will only build a casino, not a casino. I'm just going to help my neighbor, I'm in another online business, not in the casino, I can just play in the casino from time to time.

Honestly, that doesn't cross my mind so I guess I will just be a player/gambler my entire life.
I have other businesses that I want/like, and that means I would love to be hands-on with the type of business that I am thinking of. The kind with people interaction mostly, like with food businesses, or others near it.

It's cool that you have this idea, perhaps it will work if ever you get lucky or you find your way to make money that is illegible for a starting casino or sports bookie. It's not a bad idea considering how broad the gambling industry is in this era.
Many people had just been using their internet and smartphones to bet so it might become a blast if you would also consider making an application.

That was a big budget. You can build multiple casinos or focus on one, but it should be a hybrid style online and offline casino so that it can be accessed anywhere, and you should also focus on marketing to ensure that your casino becomes well known. But when building your offline casino, you should consider where to put it, like where the biggest percentage of people gamble in your country, and try to build one there and also in other countries so that your target audience is huge and the possibility of getting a profit is good. If ever I have a chance, I will build one, but I won't go all in with one business; I would invest in or build another one too.

build my own gambling business, I'm certainly interested in that but if I find a competent development team because just having my own capital and skills won't be enough

marketing, system development, handling user complaints on gambling sites is not easy, but if you have a competent team and good management, surely all of this can go well

As a gambler,when I hit it  big, I will not open a casino because I might be carried away with my gambling activities and wouldn't have enough time to tour round the world,because I already have a casino. I will prefer to invest into some other business to help me enjoy my gambling life as a discipline gambler. I don't have an idea about how to run or manage a casino,so I don't think it will be encouraging for me to go into a business that I don't have a proper knowledge of. Running a casino is a very risky business  because, your business can fail someday,in the sense that when someone wins very big than the money that you have,how will you pay this win. Casino owners are also cunny and dubious, that is why they sometimes deprive people from their wins to keep the casino running.

If I suddenly became super rich, I don't think I would choose to start an online casino. Actually, I don't think you need to be a billionaire to start an online business, but that's another story. Anyway, back to the point - the thing is, running a casino, whether it's physical or online, involves a lot of work and legal responsibilities that I'm not sure I'd want to deal with. There are other investment options out there that might be more my style and fit better with my interests and skills. Plus, it's worth noting that gambling and running a casino are totally different ball games. When you run a casino, you're managing a business, dealing with regulations, and taking care of legal matters - it's not just about having fun and taking risks.

I am not easily moved by financial gains that's why my main motivation for starting a business will never be profit maximization. I prefer to start up a business because I have interest or the business gives me and my community some kind of satisfaction.

I have never had any interest in the gambling business line. Therefore regardless of the kind of money I have or the profit, I will never invest in the casino or gambling industry. I prefer to remain a loyal client to some leading gambling firms. Maybe the agricultural industry might interest me more because it brings me closer to nature. Another reason why I might never consider investing in the gambling sector is the negative public perception of the business in my location.

Starting your own business or project is very hard, first thing that makes it harder is that you need to have a good marketing strategy a lots of casinos are already established, people like some of us prefer to be loyal in their casinos because they trusted it and using it for a very long time. Starting new in this industry takes a lot of money, time and effort for you to get their trust and make them deposit in your casino OP.

Let's set aside the capital. Putting up a business is already tough on its own but running a casino probably adds more layer of complications to it. Having to accommodate lots of people in an offline casino or dealing with the constant security attacks if it's an online casino is just too big to handle for me. I would rather start a brick and mortar shop and then set up an online store than deal with all those added difficulties.

In theory, income from the online or offline gambling business is indeed tempting and large, but behind it all, it is also not free from the risks involved, the fact is that some online and offline casino owners are not poor and dealing with legal parties, all casino owners live luxuriously with their assets, obviously the gambling business is a business that deserves to be tried and opened, if possible, because nowadays money talks, risks can be overcome with money, whether legal or illegal etc.

I once read a story about someone who created a game that was played by young people, he didn't create a gambling site, only the games he created, one year later his wealth has reached millions of dollars, because of games, what if he makes an online gambling site, maybe they don't count the money they have for the benefits of the gambling business.

If I can? I'm playing in between of saying yes and no. First, yes, because I want to expand and have more businesses that I know that I can manage. Since let's say that money is not an issue and I can have and hire good people to be part of my team that I can rely on so, that would be an easy way of managing it. On the other side of saying no, there should be a commitment on it since money that will be put on it will not be a joke, and that's why sometimes our minds telling us that it's easy and we can do it. But in reality when we see the first tries of its failures, we tend to say that we shouldn't even have started it.

There is no amount of money that you have as a casino owner is bigger than the project itself. Even you have $900 billions, one lucky winner can just wipe everything plus the capital of the business away. So don't think that because you have enough money so can just invest on online casino. Scam Accusation happened in the online casino system because those casino didn't plan well before launching the site and they think that they can pay all the wins but along the line they could not pay again so they have to use other people money to pay another person, they would bring one story or the other to frame up stories against the gambler to loss his money. So my advice that I will give you, you should not dash into casino even though you have the capacity (money) to do so but give a time to plan, think all the strategies to kick start the business and in the process of planning, you find out that the business will not favour you then even though you are a chronic gambler, you should not invest in it but look for something else that can be a beneficiary to you. Owing a gambling company and being a gambler are two different things.

There must be maximum payout limit, this term is intended to limit the maximum payout for lucky gamblers' winnings.
I don't imagine any casino will pay gamblers winnings without any limit, that's impossible because you never know when someone's luck wipes out your entire business bankroll.

The casino business is indeed lucrative, but achieving success is not as easy as one might imagine. There is a risk of failure, because this industry is quite competitive. However, you shouldn't be too paranoid about failure because it only makes it difficult for you to grow. I'm not talking about you, but this is meant for anyone else who has a wish.

Thank you very much for your input, I was going to respond to Agbe but you already made the point I wanted to make, and that is the fact that every online casinos i currently know of, including stake which is one of the biggest casinos, all have a limit amount to which a gambler can win, it doesn't matter how much the gambler wants to. Wager, if the amount the gambler is going to win is above the casinos winning limit, the gambler will be notified and such bet will not be processed, it is something I've experienced myself, so I believe a lot of gamblers can bear witness to this.

And again, I am someone who believe that the fear of failure is the beginning of failure itself, what we tend to fear the most is what somehow, find their way into our lives, this is why I am not skeptical in any way about starting a gambling casino if I really decide to, and have more than enough money to make it big.

At the end of the day, it is your own decision where you want to go in life.
You can get all those pieces of advice or suggestions on what to do, but you are the only one  who truly know the capability of doing something.
But it is good to read all those inputs because somehow it will enlighten you on something you may haven't consider of.
And if you are serious about on any venture, no one can stop you from exploring it, so long you don't give up with your ambitions in life.
And do take note that you've been in this forum long enough, to see how casinos and other gambling sites survive throughout the years, browsing their threads and all.

Even if you don't have a really huge sum, starting any business is still possible. If it's a business which is very demanding in terms of capital, you can follow what other business means are doing which is to find a partner which can invest in your company. In online we have this ICO, IDO, IEO, and the likes. You can use that to gather funds from the public.

If you have an experience, you can use that to have a good boost in your business. I know, almost all casino owners are once a gambler. We should only realize that starting a business is not easy. It needs hard work and consistency. If you are doubting to yourself if you have it or not, it will be better to stay where you at now.

Casinos and sportbooks are very profitable from what I understand, but when you make big money you can become a big target in all sorts of ways. Politicians will seek you out as an easy way to milk money or blame something on you. Hackers and other attackers will seek you out to steal or extort you, meaning you have to spend a lot on security while being forever vigilant of new attacks. Laws are changing all the time, usually not in your favor if you run a gambling company, but if they are in your favor then you might find some new players with much deeper pockets try to come in and take a share. Plus you have to lose a lot of money at the beginning as you give away welcome bonuses and other rewards to draw a big player base in.

Well that's depends totally on the type of gambler involved, I mean I have heard some friend who actually won large but later squandered the money, with the feeling that its kinda a free money. And there is also the possibility of you increasing your betting stake and at this particular moments gambling just seem so enjoyable that the person actually have the urge to feel that excitement he experience during his massive winning

There is no doubt that the gambling industry proves that it can withstand a global crisis, specifically during the global pandemic when almost entire stocks and businesses are kissing the floor. A good business to consider and worth taking a shot at as long we understand all the aspects of how to run such a business that not just requires money but also knowledge.


Since you talk about having a billion dollars in my account, I might not consider doing such business because I'm already a billionaire. Instead, I'd rather just enjoy being a gambler and continue being a sports bettor or regular casino player which is my usual.

In case my goal is to really own a gambling business to expand my revenue, and not reaching in a point where I'm not a billionaire already, then I will consider any business and investment aside from having a gambling business.

Even if I made a trillion dollars despite how much I love to gamble online I still won't think of opening my own online gambling or casino company. And this is because the love  someone might have for gambling is quite different from having interest in running a casino business. There's a thick like between running a business and patronizing the business.
I know of a certain guy that owned a gambling shop, he is an ardent gambler who decided to open a gambling shop as a line of business. He went into the line of business not because he has interest in running gambling business but because he felt as someone that's an ardent gambler he should open a gambling shop for business. But along the line the business crumble down because he was gambling with both the capital and profit of the gambling business he owned. Forgetting that it is business despite he owned it it's not same as just being a regular gambling customer.
In other words, not because you're a lover of gambling or bettor doesn't qualify you to owning or opening or running a  gambling business especially when the interest of running it as a business isn't inherently in you. It's better you dive into other business areas.

Amount would really be no joke considering that it would really be that big then it is really that normal t hat you would really be that serious on handling it out even if you are really that interested or a gambler itself.

You cant really just make one and wont really be that mindful nor really that be serious on handling it because it does really costs money.If you are a multi-millionaire or billionaire which building a business wont really be a problem then it would really be into your choice because its impossible that you wont really be that mindful that much when it comes to your another venture or source of revenue.
The thing here is that this do inline with the line of interest of yours.

You are absolutely right mate, My long stay and activity on this gambling board have sure shaped my experience on what it take to build an online gambling casino and what it also takes to make it big.
Cant start mentioning one after the other, but it all boils down to having the funds for really big and long term promotions and marketing, this is exactly what I had in mind when I made mention of having more than enough fund to build and run the casino.

And also, even with wealth of experiences, it is never bad to ask questions, infact for me personally, I think its one thing to have money for a business, and it is another thing to have an opportunity of asking people that will give you genuine advice for free, of what they think about the business and how they also think you should go about it for better success.

The thing is you can hire people to do that tasks.  Remember if you have the money you can hire anyone to do things for you so I do not think that the complexity of the business is a problem here.  With enough funding, you can hire the best in the industry workers, advisers, and managers.  But of course, it all depends on our preference.  If we love to have a gambling establishment we can always setup one if we have the funds.  But if we are contented on just playing, obviously we will not bother creating our own casino.

You are right having the funds to sponsor a long-term promotion and marketing is a big advantage for start-up casinos, but we still have a more important thing to note which is technical knowledge, I know not all site operators have the tech knowledge on how the script works but then it importance out way the lack of it so I think having technical knowledge will do better than promotions.

-Promotion will generate traffic to the casino, but what sustains that traffic is the effectiveness of the site and how it solves some technical issues, and if the Dev owner doesn't know the rudiments of those technicality it may lead to losing some valuable clients.

There’s a sayin that, even if you know doesn’t mean you have to do it and for this one I will not build my own casino because first of all you need millions of money just to have a good casinos, and its too stressful to work alone so you should find a good team which I think is not easy as well. Casino is a good business, but it takes a lot of money for you to established this, you have to consider this first.

Would really depends on the idea on your mind on which you would really thinking on having one or not, you do have the money then you do have the full capability whether you would be building one or would really just decide on remaining yourself to be just a player.We know that building a business wont really be that an easy because there are lots of things or factors which you would really be needing to handle for you to be
successful but since you are already that in the peak in speaking of success which its up to yours whether you would build one or not.For me i would stay up on a gambler since its for leisure,
if ever it do goes inside of my mind on having one then lets see.

Would I rather start my own casino? Oh hell no.

I am not the type of person who would give up so much life time and peace of mind just to make large amounts of money. I mean think about it- If you have your own casino there are multiple things you need to worry about. First, you are responsible for taking care of the customers money. One bug, one exploit, one hack... And you will be left stuttering excuses in court. Secondly, regulators are going to be watching your every move like hawks. One wrong move and you are in legal hot water.

And of course the customers will slander and blame your casino whenever they make an upsetting loss.

I would not have the nerves to put up with it for long.

This is a complex question because if we already do that amount of money we don't have to work anymore in our life or event to think about the next business.

Maybe getting our own casino should be a step before becoming rich, and a good way to hit our goal. The issue here is that running our own casino isn't cheap at all, we need money and we need the time to make it work. And is a stressful business because you need to deal with bousers, find good marketing, and get ready to deal with the coins price drops.

Of course I would but first, let me reconsider that thought because if you knew or I knew I wouldn't hesitate to make something like that but the problem is money matters. You need a lot of money to invest in your business, it's not just like a ride in a bus there are things that we need to reconsider first before we should start taking that path.

That winning a million was way far too good to be true to some of us and if I had a million dollars I wouldn't mind making my own business someday but not a casino. If someone who could only think casino as their business perhaps they are too addicted with the game or they have full idea on how this thing running.

With billion dollars we don't wanna risk anymore. We can just invest into best cryptocurrencies and take rest. I won't get into creating a gambling platform for which my choice will be creating a physical platform that lets to educate people. Maybe a separate University teach about cryptocurrency will be my choice. Part of that will be research about gambling, because I find gambling as one of the industry that have grown big through cryptocurrency as well as the industry that supported with the growth of bitcoin in the beginning days.

Aside the financial ability, they're so many things to consider before starting up a casino,
*We know casino is time consuming, before going in, you should be sure you have enough time to spare for the business
*Like everyother business, they're advantages and disadvantages to starting a casino business, find them out and be sure and convinced that's what you want to do.
*I'll stop here, what's the casino constraints in your country? Would your business be encouraged or looked down on??

time is just a little problem if you are financially capacity in building a casino because you can hire almost everything with pay(but of course you must also understand technicalities because this is the most important part of the operation) so with this it only means you only need to spend small time but big money from hiring design creator and managers and bug hunters to make your site functional completely in short time.

If I have enough funds and ability I will make one. It's a money-making business we are talking about. Just look at how successful the gambling business is these days. As long as you have enough funds to cover all losses, site maintenance, security, and all others needed to make the site secure from attacks.

I will only make one if I have other business, just to make sure I won't be broke if things go the wrong way. I'm not gonna go all-in. There is a saying, don't put all your eggs in one basket.

The casino business is a multi-million dollar industry, and at such, one of the best investment any individual can go into this present time, that is, only if he/she has enough funds to launch from scratch to finish, because there is a high tendency of you making more profits as your customer increases with time. But however, if I'm opportune to have this one billion dollar just as Ju you O.P suggested, there are basically two kinds of businesses I have in mind to go into, which includes "Real estate & Casino Business".

I think owning a casino can be awesome considered profits made. I am pretty sure most of casinos (especially physical ones) are like money printing machines. Although I am also there are so many regulations that make it very hard to operate a casino. Online Crypto casinos even, sometimes they limit you. (I once forgot about my VPN and used Dutch IP to enter stake com but I got warning). Regulations, taxes etc. are hard to deal with.

Never again.

They are highly dependent on the crypto market conditions, and we saw the latest bear market wash away many businesses. That does not even include the number of unlisted businesses that don't even operate as a company. So it is very easy to experience a bank run if you run out of money, and your (not just the business'; you too) reputation will be ruined forever as a result.

That's right because it depends on the funds we have. Who does not want to have their own business that has the potential to be able to earn a lot of income? But unfortunately, most people can only imagine that they have a lot of money and must have devised a plan to use it to make more money.

Besides that, many of us want a passive income life where we can retire early and enjoy this life without worrying about a lack of money. And that is why many people want to earn more money through various means. Well, hopefully in the future, we can have more money that we can use to create a new business.

I dont think it is hard to start your own casino. There are enough scripts to be purchased for a start, gaming providers also aint that hard to connect. The only problem are budget for promotion and budget for payouts. But, even if I have enough funds I would not build my casino. Answer is simple - gambling is about emotions. I gamble to get emotions. If I build my casino, gambling would turn into work for me. I think I wont be able to get same emotions from gambling if I work in that industry as a boss.

If I have the resources to establish a casino, such as money, I would probably do so. This is because it will be an additional source of income, a business to generate an additional fund that could be used for other expenditures or to venture on new business ideas I have in mind. This could also pave way to offering the players near me, if I would ever set up a physical casino, to have more options and alternative games to play than the usual ones in traditional casinos.

But of course, this will really take up a huge responsibility. Since building a casino and any other business in general takes a lot of effort, time, and money. One must be hands-on if he wants to be an entrepreneur. In this case, I will have to sacrifice and consider other things if ever I'll venture into this industry knowing that gambling is still some sort of taboo topic even here in our country.

If I have the capability to put up my own casino as a business, then I will definitely do it but I will make sure to consider all the stuff needed to establish it better. It needs good preparation so from the financial aspect to knowledge-wise, I will make sure to polish everything. Having capital isn't enough to build a good casino because it takes time and dedication to run it successfully. You will also be needing trusted people to help you establish it so you have to be prepared financially and emotionally.

You should know that aside from needing at least a billion dollar to fund that kind of business, there's a lot more factors that you need to know, understand and to consider before starting a business. It's sure easier to talk and think about it as long as you got the right funds to start it, and I don't blame you for that but in reality, money is just your first problem to solve and after that, there will be a lot more.

You sure don't want to hire someone just to make your business moving as that is not profitable at all, you yourself needed to man it in-order to have a total control of it. Owning is simple mate, but running it is where the challenge starts.

working alone will be stressful even though you have the skills to make it because you need a team that we can trust to build the casino, it's not easy to find trusted people to be a team because this has to do with money, sometimes one of our teams can drain or steal money in the casino without us realizing it so far as I know it is difficult to build a luxury casino, because a small casino will not benefit anything and will only be a waste of time.

I personally think that with money, regulations shouldn't be an issue, even the Holy Book(Bible) made us to understand that money answereth all things.
Talking about regulations on a more serious note though, I believe it largely depend on the country one live and is operating the casino from, like in my country here in Nigeria, A casino business, whether a land based casino or online casino, is a very lucrative business as the government currently do not give much attention to casino regulation in the country.

So if somebody like me now decides to start a casino business here in my country, there is a big chance that I will make it big in a short period of time, most especially, if i have the money to pay for heavy marketing and promotions, both online and offline, and also have the influence and affluence to win me partnerships with good and reputable companies as well as big names in the entertainment industry.

I believe that one of the challenges of building a casino is to struggle of finding trusted people to help you establish a firm casino because when money is involved, loyalty will truely be tested. In my personal opinion, building a casino is profitable and challenging at the same time but in my case, I will choose not to build one because there are lots of new casinos that exist each day and the competition is getting stronger. I prefer to build other types of businesses that will suit my ability. Well, we all have different preferences when it comes to business but our common goal is to make a profit.

Why not own the damn thing instead of getting chunks of money from it. Investing in an online casino sounds like a brilliant idea for me as a gambler if I made a billion dollar from gambling. But I will not stop there, I will diversify into other related business as well, maybe gaming streaming services. Ideally, at some point every avid casino gambler would have thought to himself, "one day I am going to have my own online casino website".  But it can't be achievable if I have no idea about how a casino runs because building or engaging in business that you have no idea about is not advisable.

Not multi-million but multi-billion because there are now online and crypto gambling but not all of the money that is being put in here are sincerely used for playing but it was only for the purpose of money laundering. No wonder why this industry have boomed a lot. Setting up a gambling business requires a huge fund.

This is something that most people doesn't have so don't say that gambling business is for all but they can always invest in the gambling sites' bankroll. Some of them are allowing small investors. This is a good way to earn a passive income other than our crypto investments. We can still play gambling if we have a spare money. It's a great way to entertain ourselves if we have a free time.

As I said in the previous post, the casino industry is an interesting business and promises good profits.

however, referring to what you said. IMO, if we have sound financial logistics, starting a business and building a casino is not as complicated as we think. because, we will not build a project alone. at least, we will need a team and people who are competent in their respective fields, like one of the examples you said about marketing strategy.

at least, we will involve people who are experts in the field. most likely, which is quite inconvenient and difficult is the issue of licenses. also, the hardest challenge is building a reputation so that it can be trusted by its users and it seems that it will require process and time.

Does really need ample time for it to be getting that recognition which is something that really needs that kind of duration and something that could be gained instantly. When you do have the money then there would really be no problem when it comes to those common factors or steps on building up literally in speaking with foundation.Its true that the main concern is that on how you would really be able to get that demand or recognition with the public or the community and this would be the toughest challenge of all when running off a business whether its gambling or any other industry which it would be sharing up with the same
challenge or initial problem but once you had solved it out then let the profits flow afterwards.

True, if money isn't a matter to me then that's fine like throwing hundred thousands of bucks on it. That's what I'll feel then because it's not gonna be an easy thing that I can manage it on my own. There will be people that I should have on board so that they'll help me to manage the entire operations. Coming from all technical stuff, to marketing and with the operations in day to day basis. There's so much work that needs to be done with it and it's not that simple at all.

And since you are a billionaire then you are already getting used to it when it comes to business and just like the rest been saying that you are aware on how business works and what are the things needed.You arent

a rich man for nothing which means that you are getting money out of businesses you do have.Its true that when it comes to operation on having your own casino then handling it out wont really be that simple.There's

soo much things needed up to be in line first and you would be needing to handle it out, if gambling is your hobby then you might that really having those excitement if ever you are really that
love gambling which it wont really be that a problem if ever you do decide on making one.

I would just continue to gamble just like any other normal person would do. The processes behind creating your own online casino is relatively difficult and complex, which requires a significant amount of investments for operations and advertisement. Not to mention, it must also be designed in a way that the edge would be on my side, as all online gambling companies are considered as "businesses."

If I truly want to maximize my resources, I would definitely venture into businesses that are completely different from gambling (e.g. stocks, investments, etc.). Remember that even by creating this gambling website as a part of an investment, there is always that risk of me losing. I do not want to gamble my investment and resources in a way that the risks are too much for me to handle.

Under these circumstances, why not? If you land on a billion dollars, the development, the bankroll, the marketing, and all of the things that stop people in their tracks from pursuing the idea goes out of the window. As well as this, a well-working casino would be one of the best ways to put your capital to work with probably very little effort or knowledge needed in comparison to other strategy/forms of investment for that amount of capital.

While I hate what gambling does to people and the ethics involved, I would say that I would probably build an online casino if I had the resources to under the conditions that I did it in a non-exploitative way that did not abuse the players, promoted responsibility, and knowing that everyone playing was there for fun and enjoyment, rather than greed and lack of self control.
 

I have observed back in the days about some account playing One Man team in running its gambling business and mostly it fails and others turn as scam site in the end.


what is important in this money making business is your willingness to spend money to pay employee and people to help you out not just managing the site but also to help you find other issues to make things matter.

We must always consider others help in this business or else you will end up nothing but a loser.

Well, in running a business we usually need trustworthy employees that we can rely on, especially when it comes to building a casino. It's also a key factor to run the casino smoothly and to possibly succeed.

So even you're billionaire and capable to pay people, but if you don't have companions that you can count on then you can't proceed to building your own since you need a team, it can't operate by you alone. There should be a plan because it's not easy as it seems.

Are you saying that I made billion dollars through gambling? If so, It just appears to me an unlikely scenario.

If it's through other means then,  I'd choose some other business which doesn't prey on people's pockets.

and there are more business that has less risk even though it only promise small profit each time , gambling is a money making machine and that is why some rich people wanted to enter but this is not an easy market because the competition is really tight and the casting is also needed a trusted person to perform because once you hire wrong people then expect a downfall in shorter time also.

I think rich people who have business like casino is their method of money laundering but not all. Casino mostly aim for huge gamblers and I think for your casino to be known you need to have connection and advertisement. And it's true if you have people in your team with bad intention most likely it won't last

Rich people who make casino business want to earn more money than other rich people because they know how rich people usually spend their money including gambling.
And when they have succeeded in making an offline or online casino, they invite many of their rich friends and make them play gambling in their place for a long time.
But some rich people have illegal businesses that create casinos to launder money from illegal business activities.
But if we have a lot of money, maybe building a casino can be a way for us to make more money.

Building a business in gambling is not only about the big profits to be gained and also whether we have enough capital to be able to start it but do we intend to do it because doing business in the world of gambling is definitely not the first thing to be an option, many things are being considered why it is not as the main business of choice, if you are not really a big lover of gambling then owning a casino is not something you have ever thought about.

Yeah that is true, having a lot of money is no guarantee to make a business successful, it only ensures that we can keep running a not profitable business for a long time. You definitely need some money to open up a casino, but not billions. And it's true that we need some experts who help us running the casino. One way would be to higher the experts and let them run the casino and we only have the management position on top without too much work. In case we already are a billionaire are we still motivated enough to run a profitable business? In my opinion it would make more sense to enjoy our money and not work too much. Wouldn't it be better to only be an investor in a casino? We could try and buy out some shareholders in an already established and successful casino. As a silent investor we would participate on all the profits of the casino and don't need to worry about the day to day business.

I would like to add, that I would not build my own casino because we already have lots of crypto and fiat casinos. I see no big reason for having one more. This business will be oriented on not earning money, but how to survive competition. Creating one more casino wont bring much money. Casino creator must always think how to surprise current and get attract new customers. This business will be like a race who gets customer first, and as casinos rarely offer something new, it will be a death race.

Maybe it's better to build another business with that much money that has more potential to earn more profit. But if we are creative or have a creative team that can think of a strategy to compete with other casinos, we can try to make a casino from scratch and see the results. But maybe investing in crypto alone will be better than building a business because we just buy and hold it without thinking about strategies to compete or what promotions can attract more customers. Well, whatever it is, we have to think about it seriously because this is about how we can make more money while we have the capital to start building the business.

That's very common in the past that there are people that runs the entire thing on their own. I don't know how many of them became successful but usually, the majority of those turns into a failure.

Well, a establishment that must be run by other people and hired employees, the owner of it should really pay for them because without them, the business won't run smoothly.

I think that those who have the ability to run and maintain a casino should never miss this opportunity. Because currently, the casino business is one of the first five profitable businesses in the world. In my case the matter will be similar. Moreover, I am currently thinking about it, but after making it, I may not have the funds needed for promotion.
Moreover, the casino business is currently illegal in my country and those who are currently associated with it are also being arrested, a few days ago a famous YouTuber of my country was taken to jail for promoting a gambling website. Therefore, there will be various barriers to building my casino business.