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ADVICE SOMEONE READY TO ESTABLISH A GAMBLING PLATFORM BUSINESS

The intention for creating this thread is to hear about our general opinion, suggestions or best advise we could give to someone who is ready to establish a gambling platform as a business, if we are in the same position, what will be our response toward these few questions.

1. What are the first things to put in place before starting?
2. What are the strength and weakness to consider with gambling platform?
3. Can you hire a person to be in charge, for the business management of the gambling platform?
4. Is it a profitable business base on your own experience or from what you have seen others achieved from establishing one?

1. What you need most importantly to start is enough capital. With the right capital, you are one step closer to starting.
 
2. You will also need to hire someone who will help you build the casino for you with enough security to protect your new business from hackers, because if you experience exploitation as soon as you start, it will be hard for you to bounce back.
 
3. Yes, you can hire someone to take care of the business for you, but I will advise you to learn a little firsthand about how it works in order to not be completely blinded by how things are going.
 
4. Casinos are a very profitable business. I'm not talking out of experience, but based on the data available on the internet, the everyday growth and launch of new gambling sites should tell you that there is enough profit in that line of business.


Side note; your numbering is not correct.. you interchange 3 & 4

Maybe this thread will be useful for you/all who want to do business in the gambling industry. AMA: I Operate an Online Casino (https://bitcointalk.org/index.php?topic=5482508.msg63538590#msg63538590)

@SirJohnVonSlotty answered all the questions posed by forum members about the question posed which may be similar to what the OP meant in case it helps.

For me, I will say that one of the first thing to put in place before starting a gambling platform is "Enough Start-Up Capital", because inasmuch as it's claimed that casino business is a very lucrative business, let's not forget that for a start, if you are not buoyant enough to pay gamblers who may win big amount of money during it's starting stage, it may ruin your reputation if you are unable to pay and a scam accusation is laid against you on review sites and gambling online community like this (i.e Bitcointalk dot org)

Publicity or the ability to make awareness of your new casino is one important factor to consider about, as the strength and weakness of a newly launched casino, because with the high competition of online gambling casinos across the global, hence, if you are unable to target the right audience, your casino is likely to fail.

Yes, of course, and in fact, and experience person who has had remarkable results in handling affairs that has to do with online casino management.

I have no experience in having a betting site myself. So I have no idea where to start but I assume its just looking for which game provider to pick. There is so much to learn before starting I think because its just like planning that you have to conduct a feasibility study which is pretty much different from an offline company.

1. You gotta have money and more money.
2. Marketing and building reputation to consider, this is where you get to compete with the top casinos.
3. This depends on whether you have money. For starters, just experience the work yourself and learn everything before hiring someone to do it for you.
4. Gambling is a big industry. I'm sure this is profitable, gamblers lose all the time and you as the owner get to win all the time.

1. Get the developers necessary for it. Get licensed. You really need money for this. You need huge amount of money for advertisement.
3.  Sure you can hire someone to be in charge. But if you can do it yourself, you can first start it. Some people have experience on gambling sites because they have worked their before, such people will first prefer to manage it first.
4. If you are able to market it heavily, the more people that are gambling on your gambling site, the more money you will make from them.

oh, you beat me to it, I was planning on suggesting that thread. anyway, the questions OP asked have probably been asked by a forum member(or maybe similar to the question the OP asked) and answered by @SirJohnVonSlotty. also, based on his background, he is probably one of the only people here in the forum who can properly advise someone who wants to open an online casino.

The person who starts up a business does not have to be the person to manage the business.

There are people who have more experience in a business that you're about to start, and if you can leverage the experience of these people, you can help your business avoid some pitfalls and obstacles that businesses like yours that lack experience management will face. For an online gambling platform, getting an experienced manager will be a plus for the business.

In my opinion, the first thing that needs to be done is to create a team of real-world people, preferably those who live near the person who wants to start the casino. This team should include:

Someone who is an expert in risk and market analysis, a marketing expert, an IT expert, a lawyer, an expert in financial and business management. A gambling expert

A risk and market analysis expert will conduct a risk analysis, a detailed study of whether or not it will be profitable to set up a casino, and the investment that will be required.

A marketing expert will also conduct a study of how much funding will be needed for the marketing campaign, what its reach will be, and how many customers it is expected to get and in how long.

An IT expert will provide a quote for purchasing a domain, servers, coding, agreements with game providers, and the number of support staff.

Financial and business management specialist will give tips on how to manage the casino well in order to save on operating costs and obtain high profits with better service provision

Lawyer will handle the casino license, will write the casino TOS

Gambling specialist will handle the odds part

That answers all your other questions.

Most of the members here almost 90% -they 98% has no idea of what running a casino is all about except for someone like LightLord who is an old timer in the gambling business and also a member of this forum that can tell you exactly what operating a casino is all about and out of experience, I think he is in a better position to answer you and give you all the help that you need.

This is an old discussions that we hard alot of times and you may actually fine other threads where you can get additional suggestions and advice since this is a long standing discussions.

Well, having a well-experienced manager can bring potentials to the success of the gambling business, but if you think you alone is more capable enough, then why not? It's still best to become hands-on on your own business especially if you are still starting on it, and finding a well-trusted manager might be rare these days most especially that money is the main concern with this type of business.

Of course that is the best because you can not do everything by yourself and there must be division of labour. It is good that you hire a professional to manage your casino while you are the CEO.

I have not seen anyone achieved from gambling neither do I know any casino owner but with the way new people are going into gambling and the rate of losses shows that the casino always benefit amd make profit all the time.

Well, based on my personal opinion, before one must establish a company or business, the person has to look at some already existing business that is similar to what he or she wants to establish (competitors), and after taking a look, you should come up with a unique service that can help you stand out from your competitors because if you start a business and you are doing less than your competitors, then you are not giving your customers any reason to choose you over other already existing services. 

For example, imagine someone saying, "I left my favorite casino for this new casino because their withdrawal fee is so high." Imagine someone else saying, "I love casino A more than casino B because A offers a lot of bonuses and their support service is so active and fast."

Before starting a casino, you need to think about what can make you look better. 

Starting a gambling platform requires a lot of capital. If you don't have enough capital, then what you need are potential investors. First, you need to have a game-changer plan in the gambling industry. Like what are you bringing to the table that other gambling platform done have? It could also be that your idea is meant to enhance a particular problem that a lot of gamblers are facing currently in the gambling ecosystem.

After you have figured out your mission and visions you can pitch to the investors and people who would wish to collaborate or invest in your idea. The truth of the whole matter is that if you have enough capital, you will successfully implement everything in your gambling platform without having any problems. Just have money and a professional technical team to work with. Every other question you asked are minor things that you can go through along the line.

The first step should be planning. You need to carry out a feasibility study to know about the cost, location, staffing, government permit, tax, space, etc, which will make the business move smoothly.

The strength is that you can make profit from the business. But just like every other investment, you can also experience losses sometimes. Another challenge is that you need to have a constant power supply, which may be challenging if your country is suffering from an epileptic power supply.

You can hire a trusted person to run the business. But it will be better for the owner of the business to run it when it is still young. Established businesses are easy to run because you have understood the business. However, you will regret it, if you hand over the business to an insincere person.

I have never run a gambling business, but some owners of these gambling platforms said it is profitable if well-managed.

To established a gambling site you need to know the basic that concerned the business you want to start up, then you need funds like to pay off for your development fees. You also need to obtain operating license from the country you want to operate from, after which if they issue you the license you have to abide by their rules.
Funding is one of the most difficult part in every business, there are some people who may not believed in your project, and to gain popularity you need to run an adverts to start promoting your gambling site till it get known in some particular place where you could starts making profits, but even as that you need personal funds to keep the project running, so the most difficult thing there is funds.

I have seen various replies, but I think the first thing you need before going into anything business in this life is knowledge, and I know some will be thinking that that is what you came here for, but NO, you just bring it here for the sake of others to advise and give their opinions, which will be very helpful for you. 
 
This first step you need to take is having knowledge from those that are already involved in the business, so you have knowledge from someone that is involved in gambling platforms in order for you to have knowledge and knowledge of the procedures that you will have to follow to achieve your goal and get the profit that you are expecting from the business. Because it is from them that you will know all that you need to know about the business reason because they have experienced it before in their life and maybe they still have a gambling platform. 

Yeah, best to ask someone in the industry. Sadly, most of us aren't and just gamblers.

Aside from SirJohnVonSlotty, there's also bitcasinorank who interviews casino teams and perhaps they might consider one or two of your questions in their next interview. I got you their latest one, see: https://bitcointalk.org/index.php?topic=5491925.0

To begin with, securing a valid license and comprehending the applicable laws is of importance because the gaming sector is one of the highly regulated industry. Preparing an amount of capital, infrastructure and security platform, such that they protect user data all key initial steps.

The main strengths of a gambling platform are the high profits that might be realized and large customer channels. However, there are weaknesses related to it, such as a risk of strict regulation and that this is also one of its weaknesses: it is dependent on technology. Another is reputational risks if not managed properly.

Hiring someone experienced in business management within the gambling industry may prove significantly beneficial. This individual shall look after the daily operations, regulatory compliances, and be the stability keeper of the platform.
 
Typically, gambling platforms can be very profitable if well managed and with a strong customer base. However, it is also a risky business. The risk is not so much related to potentiality as it is to what could cause them to crumble; regulatory changes and market fluctuations are more often than not the culprits.

It is very risky entering a business you have no idea about, even with sufficient capital available, an ignorant investor can lose it in one day. Aside making money available, it is necessary that the investor gathers sufficient information on his choice of gambling business. Know the risks involved and what it takes to run a successful gambling business.

The major strengths lies in how well the business is being promoted to attract customers and fight competition too. Failure to do this well, it becomes a weakness to the business.

Yes

In my country, gambling is legalised and there are lots of people who are gamblers too. A gambling business will be profitable in my region. I cannot say thesame for countries that restrict their citizens from gambling because setting up a gambling business will obviously be a bad idea.

The starting stage of a business is a very important stage. If you are bringing in a manager, it could also be not to make them permanent but temporary until you are able to learn about the business from them and their experience.

Finding a trusted manager can be difficult, but not impossible. You also do not need to trust completely; you, as the owner of the business, have to keep a very close eye on the business.

You obviously need the capital to start up a business. A lot more even so if it was a gambling platform. If that's all ok then start building up both the platform itself and marketing strategies/promotions for it. If you can afford it, go aggressive. An aggressive marketing strategy usually yields a lot for the short term. After that it's just your platform actually being good to retain the short term customers. No amount of marketing would make short-term users into long-term ones, it's usually just up to the quality of your services.

As for hiring, yes you can, but generally it's better for you to handle all the business related stuff early on (so you at least know wtf is going on) then when it's big enough, you can relay it to managers.

As for 2 and 4, better DYOR or interview actual gambling platform owners. Most of us here are gamblers really.

He can also hire someone and work with them as something that is just kick-starting. All the help and expertise and experience are going to help in every little way in order to avoid first-hand experience.
 
As time goes on, if the traffic and customer demand expand, then the need for more people will arise, and the owner can then focus on more technical areas that have to do with fund authorisation in order to be aware of how the business cash inflow is going.

First of all, in order to run a gambling platform, you need to have a big bankroll. If you don’t have enough money, then it will be really hard to run the gambling platform. With a huge bankroll, you will fund the gambler’s winnings, do high-level promotions, and build high-quality games. If you have enough money, then 90% of the problem is solved. Yes, you can hire multiple people to do multiple tasks for the casino, and you can just sit back and chill. Gamblers expect best odds and a good user experience. If you are able to provide this, then you are actually good to go.

Just like others have just said, you need enough capital even without being told, because you might just start your gambling platform and someone might just win a huge amount you are unable to pay and it will jopadize your reputation or career if not properly handled.

Though I don't have such experience but I believe you can not work alone, you will need experience people who will be supportive and Also cyber security agency that can help to secure your site from hackers and internet fraudsters who may hijack your fund.

It is a profitable business if you manage it properly and also try to be transparent.

considering everything is a must, there are many things to consider when building a gambling platform business because of course I think this is not a small thing that can be done by everyone. with online casinos that seem simpler but I think there are still many things to consider, especially with land-based casinos. the first thing to consider is finance, finance is the main thing to consider because it is not only to have slot machine properties or others but of course there are wins that must be paid when players win, maybe this will happen at the beginning only with in the future when the casino is running smoothly then the profit will be obtained and cover all the money that has been spent. besides that we definitely need other people who are experts in their fields to help develop the casino that is built and of course it must be paid in other words looking for people to work with their expertise.
I myself am not a casino owner, but I think this one business is indeed profitable and may even be valid in the long term, but of course everything requires a process so it is impossible to immediately profit on a large scale, when everything is done properly and correctly then the profit can be obtained.

The casino business is indeed quite profitable if you have customers, just like any other business, if you have customers, of course, you will get extraordinary profits, but yes, sometimes not a few casinos go bankrupt because they lose customers or their money turnover is small, while large expenses such as paying employees and other operations, this must also be balanced with the right marketing to get a good market response.

The point is that marketing is a strength in this industry, of course security, effectiveness, efficiency of withdrawing and depositing are also important things for customer trust.

1. I think this is the hardest part of all. Where to start? A business-minded person should know the answer. Money. You will need lots of it as many gamblers will come and there will be high rollers in them.
2. Security must be strong. Let everyone know that their profiles are secured on your website and you will need to prove that. It can become a weakness if not explained well.
3. Yes. Of course, you will need people behind you and make sure they are very trusted ones.
4. Gambling is always a profitable business because the house always wins. But you will have to be careful with the people around you that might do inside jobs and create bugs that would be taken advantage by the players who are in league with the inside man.

In starting business, of course, money or capital is the first thing that must be prepared by everyone, it just that in building business, the capital that needs to be prepared must at least really have reserve to be on guard when several things happen in the process of building it.
Financial support or investors can be one of the main strengths in building gambling business, besides that the people who work will greatly affect the running of the gambling site and for weaknesses maybe in terms of marketing or competing because if they are not able to compete well, they will eventually go bankrupt.
And in my opinion this is the most difficult aspect, namely finding someone who can work well and can really be trusted to be responsible for working as expected, some people do stupid things that harm the company or business that has been built.
When talking about profit, it is clear that gambling is very profitable business because the turnover of money is very large and all the betting money of customers will go into the casino bankroll, this is business that is the desire of rich people because it can generate large amounts of money quickly if the casino has grown rapidly.

Hiring workers will solely depend on the size of the gambling business. it is a small bet shop that can be handled by one individual, there is no need to employ more people. The owner can run the business alone to save costs. More workers will be brought on board as the business grows. But if the casino is bigger than what an individual can run, more workers can be employed. If the business owner lacks the basic skills to run the gambling platform, employing an expert who will help train the staff will also be a good option.

However, if you intend to hire people to run the business full-time because you will not be always available, there is a need to supervise them effectively. You should have a good accounting system that supports real-time transaction monitoring so you can supervise financial transactions. It will not be also out of place to have a functional CCTV system to check the surroundings.

I think for someone to start any business, regardless being gambling the first thing to come into your mind should be the capital to start up the business. Every new establishment must have a for hand capital, which they are willing to sacrifice for the success of the business. Then when it comes to gambling business, the second thing should be what kind of gambling services do you which to offer to your customers. Us it an online casino or a local gambling company. You r workers should then follow. Be it online or offline gambling, you might need so developers to design for you some games or the gambling algorithms so you offer. When all these have been set up you can then consider other things that can follow.

The most important thing is budget. You need to carefully plan everything you'll need to do, from creating or buying a gambling site to marketing it in order to gain users. Everything requires money, so you should have a clear picture before starting up. The competition in the gambling industry is very tough, and you need to be competitive in order to be profitable. I've even seen some gambling sites that have been operating for years stop their operations because they couldn't cope with the competition anymore. You should be prepared for that so it doesn't happen to you.

I think you can hire an adviser who has been in the business for a long time, someone experienced enough who knows everything that is needed to run a successful casino. This would guide you on the right path. It might be costly, but you shouldn't be stingy because, typically, when the fee is high, the success rate is also high. Good luck!

A feasibility study is very important. The developer should be fully aware of all the issues that will confront the platform once it's operational. It's hard to address issues once the platform is already operational, and every issue will be dealt with if they have a ready solution, and it will only happen if there is feasibility.
The gambling industry is highly competitive so marketing should be considered, another one is security because there are so many cheaters that could ruin the reputation of the platform
Yes why not as long as he had years of experience in running a casino, it's important for any business to have people with experiences especially when it comes to gambling platform, where the competition is very high.
The gambling industry is a multi billion industry its a business that can bring millions of dollars if a platform can positioned themselves in the top of the industry.

Set up a solid business plan. In this business plan everything has to be soothed out. Especially if you are planning on getting some investors or shareholders, they would want to see that you know what you are doing and that you have thought and planned for your business well.
Online gambling has been constantly on the rise. It is an industry I think that has constantly some audience so you are going to need to make sure you break through and stand out. Otherwise you’d be another platform on the sidelines.

On the other hand, if you do get it right it has extremely high profitability

Of course but you need to make sure this person is skilled and competent to be running your business. From my experience, even when you have someone in charge you still need to check what’s going on in your business. Don’t give everything to your employees and be on top of everything still.

I'm not in position to answer this question but I would give my opinion base on what I see on gambling sites we found in this forum.



Capital you need huge money to run this kind of business. Also know your target market.


Marketing will be your strength upon running a casino since if you can afford to run multiple campaigns and partnership deals provably that your casino will be easily known. Weakness will be lack of marketing since its expected that nothing will happen to your casino and you are just wasting your resources since success doesn't have any guarantee with that set up.


To manage your casino? No, there's lots of risk doing that. Maybe what you need is an adviser which is expert in that field. Provably you can get a lot of knowledge from the advices of expert so I guess this is what you needed and not those people who will handle the whole operation of your casino.


For what I see to other casino succeed in this field, yes they are profitable and they are still doing good for long time.

Surely, gambling sites business is very  profitable the very reason Why it is increasing on daily basis, every one can testify that about the massive increase of gambling sites or platforms if only we can take statistics from just at least 2 years back till now you be surprised at how many sites or platforms has added, the point is if there is no profits in such business it wouldn't have gained such massive increase in number, from my research a huge amount of money is always required as capital, personal, am encouraging anyone who has what it takes to start up such business.

You also didn't state if you  meant a casino or a sports betting business. Therefore I am going to give you a general business answer. First thing first is to have a business plan assuming you already have the capital. The strength is that you'll make money without spending a dime on advert if it is a physical bet shop. In my locality all you need to do is set up the shop. The people will come. The weakness is that it requires your presence or strong supervision if not your employees will play a fast one on you. I advice against hiring anyone to run the business for you. Be there and be involved.Yes, at least for physical bet shop it is profitable in my country.

Everyone started by mentioning money/huge capital in the list in setting up a gambling platform business. But on that note I'll like to add that it's not just about having the huge capital in for the set up but on the other end it's important to have a different game plan unique and that differentiate your platform from already existing ones.

Because the competition of having to drag the attention of users from an already existing gambling platforms in the industry that have gained popularity and reputation to yours that is just rising in it's cradle stage takes more than just the capital for a start-up.
There should be a few practice or features in your platform that distinct you from other platforms that gamblers would prefer using yours against those others because it meets their interest that the others are lacking. All of these needs a lot of expertise hands on ground.

You need a website... It's left for you to hire a developer with good experience. That's definitely going to be an expensive move though.
It all depends on what you're aiming at; I think a not getting a license from any source/regulatory body is a weakness... Your operations and validation will be limited, thereby debarring your casino's growth. Get a license from the Curaçao gaming control board.

I'd definitely hire a professional and put him on pay role... It's easy to say you'd wanna manage the casino by yourself, but how do you begin? Or better still, you could learn the managerial skills before anything.
It's a profitable business...

First of all you need the Brand, the the ser eres, then the providers and then the lisense. And after that when you have all those elementos you need to works with security because a bug on the engine can make you lose all.

You must be in charge, but at the same time you will need to manage a team, becas you si te should providers support and that's a complex task just for 1 user.

And yes, it is a profitable business. Just look at the 1 billion business calle stake.

Money. You need shit tons amount of money before you consider setting up your own casino so that you can establish a casino that can compete not a mediocre one that is just a waste of money if no one use it.


Marketing is the core part of casino business since it’s the main factor that drive customers to casino. Weakness is the tough competition in the casino industry.

You can those cheaters and hacker that frequently exploit casino loopholes.


Of course If you don’t have that kind of skills.


Very profitable if you can establish loyal customers that wager huge volume. You can take as an example Stake which started from a small dice casino “primedice”. Stake is the biggest crypto casino right now due to their solid number of customers.

Managing a gambling platform is not an easy task. To establish this, an entrepreneur must pay attention to various things.

In the first step, while opening a platform, there are some rules and regulations to follow, especially to get a license, he has to prepare for the necessary things. Understanding market policy should focus on how to attract gamblers.

A gambler platform must have some strengths and weaknesses to focus on. What I mean by strengths is that if the platform can attract more users by providing their good advantage then it is positive for them. On the other hand, if the platform cannot be made attractive to others, it certainly reveals a weakness.

Gambling platform management requires a skilled manager to help manage the platform properly. Special efforts will be made to solve the problems of gamblers.

Almost everyone can overestimate how much profit a gambling platform can make if it is well established. Although I have not directly seen anyone established, I have a little idea about this matter.

you must be the first person in charge of the gambling platform you founded. but in the process of platform management of course you need a team or even work with people who have skills in their fields. although there is a possibility that you can do it yourself as a start, believe me, it will drain your focus and energy.

this business is clearly very profitable, but of course, it also requires a lot of capital to establish your gambling platform. you can see some casinos on the forum, and how some are new but ultimately cannot develop their market. the difficulty for newcomers in this business is the competition to gain trust.

Firstly we need enough amount of money to capitalize certain gambling platform business particularly with crypto. Strength and weakness depends on how gambling platform works in the long term run of each activities. Most essential that you could hire someone who's knowledgeable and  loyal to the business and profitable business will be successful if well done with strong dedicated team.

Maybe, if someone wants to run or open a gambling platform business, if you look at it, it's easy, there are lots of them How to Start an Online Gambling Business: Key Points to Consider. (https://gr8.tech/blog/how-to-start-an-online-gambling-business-key-points-to-consider/), One thing you can do is the suggestion above.

For this reason, for me, running a gambling business is the most important thing, namely being responsible towards its users, in fact that is the problem that most often occurs with new gambling platforms.

The gambling business is indeed profitable, but don't just think about profits, user rights are also needed, so that the gambling platform is friendly and safe for users to use, the point is to be responsible.

building a gambling business is not easy, it takes a lot of people to run a casino. in this case finance is the most important thing to consider, because of course to build a casino business requires a lot of money besides paying other people who work but we also have to prepare a lot of money for other things. and in my opinion not everyone can build a gambling business like this if their money is really inadequate it will not happen.

Don’t do it if you don’t have enough cash because it’s just a waste of money establishing a casino while you have insufficient funds to run it properly most importantly the marketing aspect of the casino.

Many aspiring casino owners loss a lot of money by buying software, acquiring license and hiring personal while they don’t want to spend money on marketing or rather they failed to market the casino properly. The result is the casino consistently burning operational funds without getting anything in return due to lack of customers.

It’s highly recommended to just consider establishing casino if you are willing to risk millions of dollar.

these are basic questions anyone that's hoping to start a business should know by himself without necessarily asking a thier party for. Before thinking of starting a totally fresh gambling platform, it should have been best that you've been in the system and knows how everything works but just want to create a brand of your own and sort of some of the issues you've seen that's associated with already existing ones and that you want to improve on. If you have some basic experience, the next and most important thing is to get the finance that will bring your idea to life. With a good plan in place on how to run your gambling business and you've gotten your capital, setting a team that will work with you can be the next thing and then together with your team, you can gather information through a well organized suvor like what this thread can help out with and you will pretty much do fine from that spot. With regards to the question on how profitable gambling business is, if it's not profitable a lot gambling platforms won't continue springing out always every now and then.

If this is your first venture into a gambling platform, it is better to partner with people who are experienced in operating one. You can also hire experts to advise you on all the moves that you are going to make when setting up a gambling platform. This is foremost. Even if you have significant capital but do not know how to handle your gambling venture, you will fail and lose your capital.

Of course, being a player yourself can help but having people who know what it takes to run a gambling platform can increase your chances to succeed.

You have mentioned several questions which have drawn my attention but I think the most important thing you have missed that should be how much we need to run a gambling business. Though maximum sites can make a profit from gambling yet there is a risk while the site owner can make a loss from gambling.

The site owner indeed need alot of capital to run a gambling business even from the very start of the business this is because the possibility of gambler winning huge amount from the very start of the business, before the owner could even think or have the chance to any income when the business just kicked off.

So you are right on the risk of the casino owner, compared to that of the gambler who may not be so at risk due to his gambling management and not gambling with a big amount at the very start.

I would suggest you to read the AMA thread of SirJohnVonSlotty where you'll have all your answers. He has operated a crypto casino and he's much experienced in that department I guess. Here is the link of his thread:

I Operate an Online Casino (https://bitcointalk.org/index.php?topic=5482508.msg63538590#msg63538590AMA:)

Although you may get advice and general opinion from members of the forum but most of them haven't operated a casino and give general advice only. Other than SirJohn, I recommend you to talk with Dewez who operates L0tt0.com, and he's also much knowledgeable about operating a casino.

1. What are the first things to put in place before starting?

Assemble a good team. You're not going to do it alone, especially with no prior experience.
What are you going to add to the team? Money? Coding? Testing? Advertising?
If you can't bring anything to the table, what makes you think you have a chance in this business?

How are you going to get the money if you don't have it yet?

As a former casino owner let me tell you that it is not as easy as some sites make it look.

1. I see people saying capital. Money is important, not only to be able to pay the players, but to also be able to properly advertise your product. That was 1 of my biggest issues. My site was connected with moneypot and relied on their bankroll and their frontpage for advertising and payouts. Payouts weren't an issue while my site was up, but advertising was weak.

2. Strengths and weaknesses IMO all come down to 1 thing, having a top dev. Having a great developer is what is going to keep your site running like clockwork. Having a bad dev or 1 that you cannot trust can be the downfall of your site.

3. You can and should. You can still be around to handle some things but let someone manage some aspects of the site for you.

4. It's only profitable if you put the work into it. Launching a site isn't an instant money printer so don't go thinking it is.

Let me start with question number 4, running an online casino as a business is very lucrative and highly profitable, but don't expect the profit to start coming in immediately the casino is established, and this is because, you will still have to invest alot of money to bring the casino to stardom, a place where every gambler knows the casino and plays there just like stake is today, this is not an easy achievement but until you as a casino owner is able to grow the casino to this level, it can still be profitable but don't expect to play in the same league as the highly successful ones.

And to answer the number 1 question, this days, building a good website is pretty much very easy, but finding users for the site is where the major work lies.
So, for me, one thing to prioritize even before one decide to start a gambling casino is marketing, the place of marketing is way more important than building the casino itself for it makes no sense having a running good casino, where as it's just you and maybe, some of your friends and family that play there once in a while.

And number 3 of the question, I myself can sure manage a casino myself if I have some little experience in it, but then, I don't mind hiring someone else to do the job if I find a trusted party with a world class experience in casino management and so..

1. The first thing is to give the priority to accumulating enough fund for starting a business and start with specific side like starting with the sports or only the casino.

2. The strength of successful gambling  is there is a high revenue and the weakness is there are high numbers of competitor to compete with them there need a perfect marketing

3. Obviously there must need to hire a person for management of gambling platform I will say that not only one person there will be needed many people's for that.

4. I have no experience of running the casino or gambling site so I can't say anything from my experience but I can say yes it is profitable but for those people who have perfect ideas and also have the ability to perfect  excursion of the ideas.

I want to give my general knowledge and not just the way casinos are operate on the forum. There are many of them outside this forum that are successful as well and the first thing you need to put in a place is have enough capital as reserve. Something happen here about a new casino that was launch, the casino gave alot of bonus which enabled players to played and the won amount couldn't be paid by the casino as they didn't have the money to pay the players, this is very important.


Your strength and weakness depend on how people win from your casino. If it's too hard, many of them will leave and if it's easy, your business will collapse. So keep the fire blazing moderate and don't make it hard and not too simple for gamblers to crack.


This is subjective, you think you don't have the time and the person is capable but how can you measure the person skills? Probably you have to manage the business first to get the experience before you allow another person to help you with the management so you can know where there is problems even when you are not around.


Gambling is a very lucrative business but before yours will be profitable, it's not an easy job. You will have to spend alot of money in Kol and partnership, work with other brands just to make reach for people to come play in your casino. Without marketing, your gambling business wouldn't go far.

Having set my own business, I can pitch in a few things for you.

1. The first things you should put in place is capital, more importantly in your case, since you're a casino. There will always be winners, regardless of your house edge, so whatever capital you have in mind, double or triple it just to be sure.
2. The biggest strength that a casino has over a regular business is the inflow of customers. One thing is for sure in this venture, people will always be looking to either unwind, or to lose their money, and unlike restaurants, or whatever other business there is, the competition isn't as tight as you think it is, just set your site at a good location if you're shooting for a brick-and-mortar casino, or just launch it online with a license and marketing to boot, and you're good to go.
3. I'd highly suggest hiring someone capable to take most of the heavy lifting off your hands, you can't handle everything by yourself and not trusting anyone to do your business is just as deadly as being so gullible. Keep it at a sweet balance and you should be good.
4. Haven't been in the casino business yet, but from the looks of it, it's a thriving industry that you can try to penetrate.

To be honest, the best advice will still come from those who are in the real business of gambling or just someone who has an actual business. And an exception is someone who has gambled all of his life or at least gambled with different casinos that has noticed a lot of differences from each of them.

While these questions can be good pick for those who are planning to establish one and might accidentally fall on this thread, I'll answer only this one because it seems a general question for a business.

Yes, you can hire someone to be in charge of every operation of the casino but I don't think it's a wise idea if you're starting out. First of all, a startup needs to be handled by its owner and be focus on it until the system is already working on with or without his supervision.

And when that time happens, that's the right moment to pass it on for the manager or supervisor that the owner will hire.

It is always best to handle your own business especially if you are just starting out. At least, know the ins and outs. You can hire someone later on once you established the operations of your business. But as a beginner, you will just screw up your own business if you let others manage it.


[1] First and foremost, ask yourself, are you ready to manage a gambling business? Do you have at least the basic idea what this business is all about? Prepare yourself at least emotionally and financially,  before you even begin to buy your domain name.
[2] The major considerations when it comes to gambling is bankroll and know-how. So if you have both, other factors can follow thru
[3] If you are just starting, better do it on your own. You can let go of micro managing of the company when you already establish its operations as I mentioned above
[4] Gambling is very profitable if you know how to handle it. After all, you have the house edge over the players.

Sometimes it's enough to be a millionaire—to have people just work for you, creating a business that you understand little about. But yes, of course, I understand is not related to the OP's question, but it works. You pay money to develop the business, hire experienced people who monitor your business, and you make a profit. For example, how many of those same football players who made good money in sports are now business owners? I'm not sure that all of them understand all the details. They just pay smart people :).

The first thing is getting licensed, preferably from an offshore company. Mentioning money is the least thing to say since the person knows he needs money to run a casino.

I'd attribute several croupiers and employees as the strengths and weaknesses of a casino. The workers need to be selected so that they won't be too many or fewer in number. Paying a lot of people at the start of a company could reduce the business's profits.

No, as the owner, I'll let the business run on my watch and allow efficient and skilled workers to do their jobs.

Gambling is profitable and people who run casinos are wealthy. However, it depends on how it's managed. I had a friend who ran a gambling shop, he spent most of his time complaining that he didn't have enough money for payouts.

Yeah, that's what exactly what I've said but I agree.

There's still a difference when you are the one who actually started it. Yes, money matters on this but knowing little won't be enough IMHO. You should know the peaks and dead seasons of your business.

Because with very first tries, that's when the lessons come and if you entrust it with people even if you pay them good. They'd just go to work and have that salary compared to you that really cares about that business.

I do advise people wherever they come to saying they want to start a business, first thing I ask them is, so you understand the business well enough? If the answer is no, then I advise they go back and study the business again before putting in funds and setting up any aspect of such business because if you start up a business you don't understand well enough, the chances the business will collapse after a Short period of time is really high, some of such business may not get pass 4 years and some so just 3 years because the losses may come in a way that may be unbearable and since you don't understand d the business well enough you may not know how well to manage them so it's best you ask questions, make consultation, surveys and all necessary data needed to be at an advantage in rhe business as gambling business is very tasking.

A budget that should be good enough to get everything done smoothly, and of course, experience and knowledge about the industry which is a prerequisite for starting any business and not just gambling.

It depends on a person's management skills. If you are knowledgeable enough about the business area you are getting into, you won't have any weaknesses because you will be able to manage everything efficiently.

Of course, you can, as long as you can find someone that you can trust and think has the capability to do the job very well. Personally, I wouldn't do that and rather manage everything myself and only have employees for other works but not the management.

Every business in this world can be profitable after it gets established because the struggle is only in the initial phase where the business is new and doesn't have enough customers or clients. Once it gets established, it gets profitable.

Budget, security, longevity plan, operational cost.

Strength is about the reason why gamblers will keep coming back to your platform. So, many are hooked with bonuses but it's not always with that thing. Security of the gamblers on why they keep coming back and the convenience that they're getting is another factor. And for the weakness, I think it's about the competition that you get to have a lot of it with the same games, bonuses, promos, etc.

This is going to be costly if you'd hire someone that has the experience for the management of the casino. This is what the big start ups and known companies does like in the fortune500. They hire executives that have been part of the company's success into their team but of course it comes with a hefty salary and perks.

I have no experience in running one. But looking at how most of the known casinos are doing, it's a lucrative business once the brand is established.

Understanding a business is really important but what is more important is that you should have the money to start the gambling business or any other business. I think those who are gamblers they don't have the mind set of setting up a business or when you do not have the enough money for the said purpose :D

You need to have a business background or team with you for the development and then marketing and then the running of the business and it is not a simple thing as regulations are also involved, it includes domains hosting and a lot of stuff which you will only know when you actually serious to start this business.

The gambling was based on the huge money usage,So it was essentially important one for the gamblers to decide before start to play the gambling.Gambling need more patience to get huge money as the profit,the survival for the game was important one after the loss in the gambling.The gamblers should set some reminders to manage their money flow to the gambling site.Because by that the gamblers can stop their play after the game loss in huge number.Don’t follow the tactics of the gamblers because you may lose following other gamblers tactics.Gambling will give you good money if you play well.

You are absolutely right, and i completely agree due to my previous experience.
I once worked in a company where the owner of the company was totally uneducated, but he was rich, stinkenly rich, he hired a well educated and experienced man as a manager of the company, and not just that, all his staffs are all well educated people even down to the person that cleans his office.

This is the man that made be believe that education is only a stepping stone to a life of wealth, it isn't actually the main source of wealth, since even with high level of education,  one can still end up extremely poor if he or she fail to make good use of opportunities that comes his or her way.

Likewise, a person without experience can actually own a gambling casino, all that matters is finding the right people to work with and making sure to pay them well.

It seems like you are focussing your explanation on how the gambler can make a good amount of profit rather than how the casino owners can earn from the gamblers and the type of reward they get. 
 
If I'm to put it on the side of the casino owners, it works both ways. In order for the casino to start making profit from their business, they need enough money that they can use to pay gamblers for their winnings.

In order to build trust and await those who bet a large amount to come in, the more customers they will be able to make, the higher the profit they can expect from their losses at the end of the day.

I think advise new casino operators need to hear is to pay a lot of attention in their provable fairness implementation.

Unless you have that, if you're working with crypto, your reputation could be tarnished by allegations of unfair randomness. Which is a very common occurrence. With provable fairness, both player and casino are protected from this because it can be proven that the rolls are predetermined and don't depend on what the user will wager with the casino.

So really there's no way this could be missed as a step of opening a new crypto casino. Because especially in the crypto field customers are extra demanding with these things sometimes and you wouldn't want to come under scrutiny.

Building trust in the casino business is important if they want to be successful. It takes time, money and integrity for casinos to build trust. Casinos need enough money to give out bonuses and pay wins promptly. The games should be fair and free from any form of manipulation. If a casino builds its customer base and is known for integrity, the business will profit. The biggest form of advertisement is referrals from satisfied customers. The gambling business is similar to other financial institutions like banks. Except gamblers are convinced that their funds are safe with a particular casino, they wouldn't stake a high amount.

Education is indeed a stepping stone to broader knowledge, not a matter of who is rich and who is poor, but who can have an advanced mindset to succeed and make the most of every opportunity.

Educated people sometimes underestimate every opportunity that exists, and they only stay in the comfort zone, while people who lack education must continue to work hard to reach that comfort zone.

And those who have a gambling casino business but do not open from people who have a higher education, of course they already understand how to build a business only with their passion and also the support of many clients or networks they know.

It all starts from trying and then progresses to bigger and bigger.

At least at the beginning you cannot really delegate and let someone else be in charge of such a business, and that is because there is so much money at stake, that letting someone else take charge will most likely mean that you will fail, after all this is not like the early days in which a person could start their own casino without any help, now you need a team and millions of dollars just to consider such an option, but if you do not have experience on the industry and know the ins and outs of it, you stand no chance to succeed.

Bankroll is another name for capital but I think the word bankroll is mostly being used in casinos, so IMO it's better to say capital for a while if you will also talked about on implementing or improving their games and do a promotion in order to expose the casinos name to the public.

This indeed requires a good capital. Not only that but having a good capital can be used to maximize their effect and attain a much better result (if only we are willing to do it). So as we can see, this is only optional. About the gamblers winning, this is where bankroll matters, I mean the term only but for the amount, it can be small too because it is still our casino and we can do some limitations if we wanted too. Gamblers should be able to get aware with this before they decided play and accept the consequences in case they hit the big wins because the extra winnings can get forfeited.

Another thing on why I think a small capital is fine is due to the fact that the gambling owner always has the advantage and they can pump up the difficulty in order to gain more edge. Enough money can be said to be as enough or not that huge enough, no wonder why you said that only 90% of the problem can be solved and not 100%.

I'll try to answer it:

1. Doing some research is always the first thing to do. Your target audience, how will you make yourself unique and different from those competitors of yours, gambling licenses, and of course, a reliable marketing team and and a good marketing strategy. You will need those if you want to start a gambling platform business.
2. How accessible it is? Is it accessible worldwide? Are there no restrictions to it? Can we live games in your platform? As for weaknesses, something like the competition especially now that online gambling is becoming more and more popular, more and more gambling platforms are being created.
3. I don't see any reason as to why you don't need to hire a person in charge of your gambling platform especially if that person is something you considered as trustworthy. As long as he can do what he needs to do then just hire, but if you can do it yourself then just do it.
4. I believe it differs. The profitability of a gambling business depends on how good they are on marketing of course and many more.

1: Capital to start of the busines because a casino need money to pay the first set of winnings that the casino is going to get because you can get hacked and the hackers get access to the code and manipulate it to favour their bets. New casinos are the targets of hackers looking for loophole and they find it most of the time hence you need to have enough capital to sponsor the casino before it starts generating money to do that by itself.

2: The strength is that you'll always have losers giving you money and for a longer period, the losers will be more than the winners hence it is a profiting business if you can get your promotion correctly and attract players. Weakness is because you're new, their are already bigger brands that it might get challenging to compete with and overthrown but it isn't impossible.

It is true that building trust is the most difficult thing in running a business because it takes time and requires money to get this side, several other things such as getting regulations worthy of operating like a casio with certification testing are also very important to be present in a casino portfolio document.

Consistency of fair play and solving problems perfectly without harming customers or casinos is a very important protfolio to gain public trust in a casino, even though talking about security, of course people who are active in crypto casinos or the crypto industry itself always have doubts if they keep too long, it becomes optional, as long as the casino acts according to the rules and does marketing consistently, it will definitely reap public trust.

1. Comply with the law and achieve the necessary regulatory requirements, obtain the needed license, and comply with anti-money laundering legislation. Secondly, develop a sound business plan featuring a defined target market, marketing strategies, revenues diversification, and financial projections. Thirdly, propose reliable technology related to both games management and security. Fourthly, establish an efficient and secure procedure for payment processing. Lastly, act positively on account of responsible gambling.

2. Strong casino operations are high revenue efficiencies, whereas fierce competition, legal uncertainty, and reputational risks associated with gambling make these the most vulnerable. For success, all of these elements must fall in the right place.

3. Seek experience in a casino operation that can manage operations, compliance, marketing, and customer service.

4. To win on stage is very tricky. Many a platform enjoys certain privileges but again, they depend on the market conditions, competition, and above all on usability. The keys to success in this competitive industry are good planning, compliance, and innovation.


Yes this is right and i agree with you, success even at the casino requires trust, and it requires a lot of time, money, and loyalty to establish it. So that casinos can offer attractive prizes and rewards in as little time as possible, they need to invest in delivering them. Similarly, they must make use of sound technology and security. Games must be fair and unbiased most of the time, these games mislead customers with random number trials and regular calculations.

1. A good concept and, of course, sufficient money to properly translate that concept into reality.

2. There are so many. But it would help studying the market, reading reviews of successful and unsuccessful gambling platforms. All in all, however, make it easy and convenient for the gamblers. They're always the priority.

3. You will need the best. If you aren't that man, then you need somebody else.

4. No experience here, but it must be because some platforms can even afford to sponsor big sports teams and leagues.

Its been a couple of days now that this thread was created and lots of vital contributions have been suggested by so many users and i appreciate for that, it is clear to us that in making a business, we have to follow up with some required steps as well as decisions in order to have a desired end point in what we do.

Going by this, this thread will also help investors and individuals as many as possible who will be interested in starting an investment in gambling business by creating a platform/website for that, there are things to be in place in other for us to realize a goal, such are from the examples and suggestions given by members on what to do or consider about gambling platform business, in case we are starting or someone is employing us to manage one for them, at least we should be able to have a good start up by going further through what had been suggested here, in other to have good maintenance and continuity of a gambling business.

Well, no one should really dable into stuffs they do not have a clear understanding of who it works, or how such a thing is runned/managed.
Anybody who is interested in building a gambling casinos as a business or seeks to be employed to manage a gambling casino must first take the time and resources to study, learn how this things work and how it's done, such one must not depend on what people say or suggests in discussions on public forums like this, because I can bet that no one here ever have had the experience of managing a successful gambling casino before or currently.
One thing I can say is that, there is much more to handling stuffs like this, than anyone without experience can imagine.

This will really help but I doubt that someone interested establishing his own casino will not hire an expert on casino operations instead of DIY since he will spend huge money on this business before he starts. Not to mention that the marketing is so expensive and crucial to the success of the casino.

I think it’s better if you will summarize all the valuable contributions made on this thread to the OP so that a potential casino owner that plans to DIY will be easily catch up on tips given here.

Regarding businesses, having the capital to pay skilled developers, what casinos need, and the licenses are always essential. It's vital that it's legal and can be done legally.

Security and support are the best things when playing in a gambling casino.

Thank you for this awesome contribution and observation, first of all, regarding the discussion on either hiring for a manager or not, it all depends on who is involved in this business and the kind of orientation or mentality to say about having a casino business, some will see it as more efficient enough for them to employ someone in managing their business while some are best available to manage it up by themself.

secondly on the aspect of the advise you gave by taking into consideration all other vital contribution into OP first page for easy accessibility, i think its a good idea and am going to work on that, select some vital ones, quote them and include on the first page. thank you.

          -        I cannot give a proper opinion on such a question made by OP because I have no experience in setting up a casino or gambling business, be it online or physical gambling. I simply exist as a gambler within a casino, particularly in the cryptocurrency realm.

And if there is anyone who will benefit from that, it is no one else but the owners of the casinos, and for sure those are rich people, because in building a gambling business you cannot have a lot of money there.

That is why we need to research before we create or manage any business. We can take time as we can to learns about the business so we can know the right direction that we want to achieve. We can also make a plan for the business and try to achieves that step by step and reach the ultimate goals that we want and we can also try to grows the business into the next levels. We can hire some people to help us to manage the business but we must select the right people that can work with right and follow our instruction. Even if we are the owner, we must also gives our hand to work with them because that can make a good relation with them so they will knows that their boss follow and work with them. We can learn many things to run our business and do for our business and with our team, we can start develop our business and achieves our goals.

Yes, it will be two different options and everyone has their own goals.
Hiring someone who is already an expert in their field may be quite efficient and there is no need to do trial and error again, and they will give us what we want.

But if as a casino owner already has this ability and is able to overcome all the management done at the Online casino, this will be enough to save on expenses, so that no one else is needed to do the management of the gambling site.

But, if as an owner or even me if I own an online casino business I will choose everyone who is experienced in the field, so I just need to focus on developing and cooperating with other clients without thinking about what is done to the management and the system that runs in the casino, it is like a perfect money machine.

First of all you should have capital and it should be according to your ability. Next you need to build your community team like hiring a staff that can protect your new business from hackers. Hacker attack is a big problem and it can destroy your business completely. On the other hand the launch of new gambling sites should tell you that there is considerable profit in that line of business. So do a personality test on the new recruit and see how much he cares about your business.

It is not possible for a ordinary man to create a new gambling platform. He must acquire proper knowledge about a new platform before building it. Opening a new gambling platform will not be difficult for those who already have experience in this regard. The first thing that comes to mind at the beginning of work is capital. To start a business an entrepreneur must first raise capital. After that the process of doing his other work will start. The entrepreneur must obtain the approval of the relevant organization for the platform. Once approved, a person who has managed a gambling platform must be appointed and given the responsibility of management. Owner has to advertise his platform in various relevant media. It is very important to do these things carefully for starting a casino gambling platform business.

My advice to someone wanting to start a gambling platform is not to do it. There are so many risks involved that involve such a massive amount of money to be set aside to cover that the idea of founding an online casino at this point is a pipe dream. Maybe if you were already a multimillionaire and could program everything yourself from scratch as well as having a long working history in cyber defense, but other than that, just wear a signature and earn risk free sats like everyone else.

I would give him a few advises like thus

• He should go for at least 6 months apprenticeship and work under someone with the sole purpose of learning the business properly
• He should never gamble in his casino environment if it is a physical one and should regulate his gambling excesses even in online gsmbling, so he can properly manage his funds
• He shouldn't own it alone all to himself, he should find partners and sell shares. These would help him remain very professional and not useless funds when it starts coming in and also help him have other people's opinion at the point of crucial decision making
• He should take accounting seriously with his cashiers  or accountants when in operation and it should be daily
• There should be strict laws forbidding his employers, even himself from gambling on the platform

Yes money is the main thing to start up a casino business, no matter the amount of money that a casino company may have but if they lack good customers service and not reliable when it comes to payment of customers win, I think this factor can slowly kill the casino because no gambler would want to stake his or her money with a casino with poor customer service and which can't be trusted. 

Money is very important to keep a casino company going for advertisements and promotion but good service will even promote the casino company more and to bring more customers. So I think the main thing for the success of casino's business is money and good service which gamblers can trust.

It goes without saying that if one can promote the gambling or casino site well then this business will be very profitable.
As people are constantly attracted to gambling, gambling will become one of the main centers of people's pastime and entertainment in the future world.
So it is definitely better to start this profitable business, but if you do not promote it properly, it is not possible to establish gambling and casino sites easily.

which in essence all leads to money of course, because to employ those who build their casinos in terms of security and others must certainly be paid and although online casinos look simple but of course they do not work alone but work based on a team because it is impossible to build a casino alone whether it is an online or physical casino. another thing to consider when building a casino is of course security because as you said it is possible that the system could be hacked which is certainly not one of the plans. but for land-based casinos I think almost no one can do it so system hacking only happens in online casinos. besides that in employing other people must also be considered not to trust too much because it is possible that they have other plans such as hacking it themselves. to build a casino in my opinion there are many things that are very important to consider apart from the funding.

In the practical I think that the most important of all is this, the Capital , because Without capital we can not do anything, or we can not do much, because it is not just about making the casino with all its infrastructure and having only a capital there, it cannot be small, I have seen how some casinos that are relatively good , start with little capital hoping that with the clients they can capitalize and when profits occur for the players they leave the casino in a very bad way and that is when the problems begin, for me a casino when it starts is good when it has a lot of Capital and when they have enough for their marketing.

Actually, it will be useless when anyone invests money in any project in which the person or the trusted person of that investor have no knowledge even sufficient knowledge the person should not start that business. As the person can't understand the business the result may not make the person happy when it passes through bad timing.

If that's what you're worried about, then as an investor you have to be smarter to choose which project will provide profits and the investment you provide is managed by professional people in their field, such as a gambling business that is quite well-developed.

Becoming an investor in the gambling business looks very profitable if the platform has many users and good enough development, as well as a fairly good share of the proceeds and in accordance with the agreed contract.

There is a very great profit in gambling business among the whole business. Because gambling nature makes it almost impossible for any one to win a reasonable amount and this makes the gambling business very profitable. Emagine when you start up a gambling business maybe like $10m and people all over the World are playing gamble in your site to win, out of %100 of people that gamble a day it is possible that only 1 out of a hundred will win and each individual has the amount they have lost. Even if a person even manage to win, he end up winning peanut. So gambling is very profitable business that's why you see many signature campaign is all about gambling. The risk involved is that it can be hacked by hackers that why gambling business needs a strong security to be able to manage it for safety purpose.

1. You need to understand all the legal stuffs first. Don't forget about the licenses and regulations. You don't want to be serving customers where gambling isn't allowed without appropriate licenses. You will end up with huge troubles.

2. The best side of this business is that you will be making profit in the long run no matter what due to house advantage. The worst side, aka weakness is too many competitions. You need to provide something that other have failed to do so.

3. Yes, why not? You can hire someone to help you and look after the books. In fact you must, you wont be able to do it all alone.

4. It can be profitable if you know what you are doing and if you are consistent in everything.

The mistake some investors usually make is that they only think of profit  but never have an idea of the business they are about going into. Investment we don't only need to depend on the people who are working under you just because of they are professionals, their is a need to get some idea of what you are going into. When an  investor lack understanding about a particular business the people working under you can take advantage of you, and whatever mistakes that comes from those working under you will affect the investment and as an  investors you won't have any idea of where the problem is coming from.

• Experience
• Money

Both important factors when it comes to wanting to build a gambling business. Without money and only relying on experience, surely someone will not be able to run the business because it requires a lot of money to do many things.
And vice versa, without experience and only relying on money, a gambling founder can be cheated by his employees if he does not have experience in online gambling systems.

The weakness in terms of online gambling business is only the inability to market the gambling platform to the public and of course a gambling business needs a lot of customer traffic to continue to grow its business to be bigger.
The great strength to cover up these weaknesses is simply by providing funds to marketing management every few months or even weeks to promote any platform advertisement to attract new customers.

In terms of building an online gambling business for the first time, it is not easy to trust others to give responsibility for developing the business. As I said before if we need experience to at least hold our own management within a few years after that see the performance of a particular person and see if the person is capable of being given the responsibility of holding the management of the business.

TBH, I say this opinion based on the results of other people's business views. Although only looking at other people's businesses, we can see more deeply what a businessman needs to set up a gambling platform and it may not be entirely true, but at least the most important things we can take as a reference before setting up a profitable business.

Actually, there are still many things that must be prepared in terms of building online gambling for the first time, but what I said are only a few important factors.

I do not think you have to know what you are investing into very well before you can invest. Investing is not you starting a business, you have to understand what a business is about then you hire people that you will be overseeing for them to work in the business but as an investor, if you know how to sight good investment opportunities when you see them, you can become a successful investor without knowing anything about the business. Some people invest in new technology without knowing anything about the technology and it becomes their biggest investment in the future. They only saw the potential of the business and invested in it. Casino is a business that you can invest into without knowing anything about the business but make sure you are investing into someone that knows what he is doing.

We as investor must research before decides to invest money in the project. Without research, we will not gets the potential project and that can makes us just waste our money without making money. The investors should know how much money they will use to invest in the project so they don't lose too big money if the project is fail.

If he wants to become an investor in gambling, he must have teams that can works as the plan. He can hire some people who have skills and ability to works as a team. When we already have the good team, we can run the project but we must be careful because gambling industry competition is not easy to be the top casino.

Maybe the investor needs to make a study research to know how hard the competition and what he need to do when he finish building his casino. When everything is set, he can launch his casino and start promoting in many websites. He can also promote his site in this forum to gain benefit from his casino.

Gambling is a popular platform but it is not popular for everyone but definitely gambling is an important platform especially for those who set up gambling establishments targeting business. However, if there is no previous experience of gambling establishment, there is a possibility of facing multiple risks when doing business, so before establishing gambling establishment, all the important obstacles must be solved and then attention should be paid to the establishment of gambling establishment.
However, if a gambling establishment can be formed in a partnership rather than forming a gambling establishment alone, the risk will be distributed among several partners. In this case, if several people take the risk than taking the risk alone, there is enough opportunity to deal with that risk.  So partnership issues must be taken care of before establishing a gambling establishment.

There are two types of casinos: land-based and online. If your plan is to have a physical casino, that's quite a big expense, and a lot of requirements will be needed, and of course you must also have an employee to manage your casino business.

If it's an online casino, it's not that much of a hassle, although it doesn't seem like you need a lot of staff there, and you also need to submit legal documents for regulations if you want it long-term. Although the most important of all is physical or online, you must have a large capital.

Gambling is too general and I wouldn't call it a platform but it was the gambling company (specifically online) is the one that is considered as a platform. Also, I won't say that it was popular immediately especially if they are still starting.

Going back on the general term called as gambling, it is popular in a way that it was known a long time ago. So, I don't think there are people who haven't heard of it. It is just that there are people who think it is wrong and they ignored it in the best possible way. Everything in this world must have their own purpose and so as gambling.

So, you are right there when you say that gambling is important. Not only that it can bring profit and fun to those who set up or those who play, it can also provide a job opportunity for everyone. It is a crucial part of the economy but as long as it is legal and then gamblers are playing responsibly. With or without an experience there will always be risk, although indeed that the risk is bigger for the starters. They still can learn anyways.

Some obstacles can be solved at the start but there are some who can just come in the way. They still can be fixed if we are well prepared and willing. Having a business partner is cool but it also has a con and that is our profits will also be divided to them. So, we need to think twice first if what really suits for us.

I agree. The large capital is not just for the business itself, the team, the expenses for them, and other stuff that need to be paid. Starting a business like online gambling means you must have the money if suddenly a high roller comes in and wins a bet. Paying them means building a reputation and that reputation could also help to the success of a gambling site. If that high roller will spread the word that the online casino he is playing is paying any price, then more high rollers will come in and play on the same site.
Word of mouth means a lot of things in this era of social media. They can share any positive thing that happens to them which means it's free advertisement for the gambling site including the reputation.

Every business requires certain level of preparedness, commitment, sacrifice, good planning and budgeting and most importantly also improving or adding more value to it by ensuring good location, good business strategies, capital, Many more but few to mention, even though there is a good profit in gambling business if all the necessary rudiment that are supposed to aids achieving the intended goals and objectives are not in place definitely it meant not going to with successful business. Business should be placed where it is value, or being recognized.

I have always wondered to start a crypto gambling site because I know it has all the potential to generate huge profits.
But we need huge capital to start with and keep the site up and running and I couldn't figure out where I would get that capital from.
So here are my thoughts based on my experience.

1. Ofcourse the initial capital is the first and foremost thing required to get started with.
We need to lay out a blueprint of the site and number of staffs required to operate the site and the costing for each service provided on the site based on which the initial capital can be set.

2. The strength is that it can generate huge profits once it takes off and weakness is that we need to get clearance for the policies and regulations to operate the gambling site in various countries.

3. It would be mandatory to hire people with various skills to operate the site.

4. Yes ofcourse it's highly profitable.

I have not done gambling business before now and cannot say exactly how it feels or look like running one but making a response from asumptious point of view I would say it a profitable business because if it's not, many persons wouldn't be venturing into it and we wouldn't be seeing the growing number of online casinos all around, they are making money off it and that's exactly why people with the required capital still choose to venture into it not minding the large numbers around already.

As for how they make their profits and things that are needed to get started, I really don't know but for sure making money of it is realizable and owners of the casinos can be sure to be in profit even if they payout often, especially when they have got huge bonuses to drag in customers.

Well this is quite a good idea to venture into establishing a gambling platform business and I will do well to share my own candid advise or opinion on that which is ;
First thing first,you need to take note of how you want to run the establishment and also  is to make sure the required capital to startup is sufficient enough to carry on the task,cause definitely I know very well that to startup such needs alot of capital.then  you look at for strength and weakness that includes alot strategies that would generate more funds for the business, for the weakness there may be competition between other Co business as this that will enable low patronage from customers but for the start one should understand that it's part of the business and with time it will surpass that levels.Well to hire someone to be in charge isn't a problem but you should take note of every documentary and things that's to be done there while you're away,and lastly from what I see I know for sure it's a profitable businesses but it needs time and effort to grow to some certain stages.

I don't think there is need for assumption towards this business because in every business there is always a gain and profit that comes from it except it wasn't properly handled and managed by the owner. Most gambling site profits from their gamblers, I mean from those who are regularly using the site to gamble and when they lose it's a profits to the casino or betting site. Then those who weren't able to maintain and sustain their site are a results of poor maintenance such as; Incapable workers, developer and lack of security and many more.

In a topic published yesterday here in the Gambling section, someone started to establish a site containing testimonials from interviews that the site owner wanted to conduct with workers in the crypto-based gambling sector, and he came asking if anyone wanted to volunteer to conduct the interview in exchange for promoting his site. Unfortunately, all the answers advised him to abandon the idea because no one working in this sector would volunteer to reveal professional and technical secrets that might expose their systems to their competitors, in addition to the fact that there are other means available within marketing strategies, meaning that no one from the team of any casino company needs to conduct an informal interview with an unofficial party. On the same basis, the op question here will find very general answers that any businessman can provide without going into important details. All the information can be found by a short search on the Internet or by asking one of the artificial intelligence bots. As for the precise information, it will not be available unless you yourself work in one of these companies and are in direct contact with the activity of all departments.

I expect that any person working in any company that provides gambling entertainment services forces its employees to comply with something like a code of honor that forces them not to disclose any of the company’s secrets or details of the system’s work even after they leave, and this explains why they all refrain from entering into discussions on social media or engaging in debates of any kind.

However, in running a business, we not only need to plan it well at the beginning. but also have to pay attention to how we manage and maintain the platform that we run. maybe, someone who has capital and is ready to run his business, but when he doesn't have the right people to do good periodic maintenance and development, it can be an obstacle for a newly started business to be destroyed soon.
The gambling business is always profitable for those who really understand how to manage it. not just looking at the profits that can be obtained. but how to manage loyal gamblers to continue playing on their site must also be considered.

To be fair, not all businesses that are managed properly will always result in good profit. Maybe you just won’t be losing too much which is good however if the nature of your chosen business is really not that good to start with then don’t expect massive profits.

For example, if you choose a business that almost no one is interested in or not that in demand in your location then there’s really not much profit to look forward to isn’t there? With casinos especially online ones there’s always going to be a target market. There’s so many different kinds of gambling events that it’s almost certain that a lot of people can play in these events. Considering that it’s online too meaning your reach is wider and more accessible.

This brings us how selling points like what to do to keep gamblers gambling in that site than just running away, that is why you have seen lot
 of gambling sites running some of free offers such as, deposit bonus, free spin, referral program and hosting contest such; as bitcoin price prediction or meeting up with weekly bonuses when a gambler wager's upto the required amounts. All these are means of attracting and sustaining the website to be active to attract gamblers and regular visitors to the site.

Gambling businesses are so extremely difficult to build for some many reasons. You have hackers trying to rob you, regulators trying to shut you down, players trying to cheat you, developers building in back doors, extortionists trying to blackmail you… I think most people would be far better off being an ambassador for an existing gambling business than trying to start fresh, but that doesn’t mean it is impossible.

Absolutely right, gambling business is like a CEX business, you are not safe, everyday you must be vigilant so that you won't get robbed by hackers, and as long as you have workers in your company you are not free from robbers because the mindset of every workers is not the same. However, casino business is not an easy business to handle, you must have a lot of money and it's not everytime that you will be in profits, sometimes you lose little but many times you win big.

The feasibility study is the most crucial thing to consider at this stage and it will help you factor all conditions and expenses to let you know whether or not you are adequate for it yet.

Don't give yourself a headache about the platform, money is the strength here, so long as you have enough of it, nothing should be able to hinder you and you can bring in the best experts around the world. However, the weakness is the lack of funding capital.

Why not? It depends on how you want to run your business, it's not all the Chairmen/Presidents, and even the CEO of companies that engage in their day-to-day activities. Just ensure you employ qualified hands.

A casino business is a profitable business, look around you, they can't be that many if they are not profitable. But the warning is that you have to know the game of the business you are entering to avoid regrets.

At least you are honest, even though I have no experience managing a casino business. Although I know that it is not easy to build a casino business. Because big capital is big risk but big income if managed correctly and properly.

I haven't seen anything cheap in investing in a casino; it seems like it's better to promote a casino online than to own a casino yourself. That's why you have to have a lot of followers to get a big advertisement payment.

The most important thing about having your own gambling platform is all about the fund. For you to have a strong casino that will be very competitive with other gambling sites, you will have wiek with experienced programers to have a team that will be able to deliver and built a simple and friendly website that gamblers will have easy access without any interruption. Promotion and lots of bonuses for new users is one of the way you can use to to attract new gamblers to trust and start using your platform. This might not be an easy journey but you will have to be prepared to use money to find money.