Would You Build your Own Casino(online/offline) If You Know You Can?

[goaldigger]

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.

[nakamura12]

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.

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.

[BitcoinPanther]

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?

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.

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??

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.

[robelneo]

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.

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

[Yatsan]

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.

[stomachgrowls]

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.

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

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?

[capedbaldy]

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

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.

[PX-Z]

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.

[coin-investor]

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.

[Wiwo]

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

[Adbitco]

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 to read more.

[LastKiss]

~snip~

Inputs are greatly appreciated.

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.

[lienfaye]

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??

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.

[Darker45]

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.

[krishnaverma]

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.

[ShowOff]

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.

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.

[Wexnident]

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.

[Don Pedro Dinero]

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?

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.

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.

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.

[ethereumhunter]

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.

[davis196]

If you made a billion dollars or even more,

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.