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

[rahmad2nd]

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

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

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

Inputs are greatly appreciated.

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

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

[RealMalatesta]

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

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

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

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

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

[BitcoinAccepted]

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

[chaser15]

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??

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

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

[AmoreJaz]

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??

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

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

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

[ralle14]

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??

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

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

[acroman08]

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

[piebeyb]

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

[wxa7115]

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

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

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

Inputs are greatly appreciated.

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

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

[cryptomaniac_xxx]

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

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

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

[maydna]

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

[Mauser]

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.

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

[mvdheuvel1983]

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??

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

[bettercrypto]

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

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

[danherbias07]

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

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

[xSkylarx]

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

[Tumanggor]

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

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

[Merit.s]

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??

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

[FatFork]

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

[Zlantann]

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.

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

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