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

[molsewid]

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.

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

[Yogee]

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

[YOSHIE]

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 …

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

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

[tabas]

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

[Agbe]

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

[skarais]

There is no amount of money that you have as a casino owner is bigger than the project itself. Even you have $900 billions, one lucky winner can just wipe everything plus the capital of the business away.

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

So don't think that because you have enough money so can just invest on online casino.

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

[Fivestar4everMVP]

There is no amount of money that you have as a casino owner is bigger than the project itself. Even you have $900 billions, one lucky winner can just wipe everything plus the capital of the business away.

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

So don't think that because you have enough money so can just invest on online casino.

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

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

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

[TimeTeller]

There is no amount of money that you have as a casino owner is bigger than the project itself. Even you have $900 billions, one lucky winner can just wipe everything plus the capital of the business away.

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

So don't think that because you have enough money so can just invest on online casino.

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

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

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

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

[jostorres]

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??

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

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

[Fortify]

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.

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

[DaNNy001]

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.

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

[harizen]

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.

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

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

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

[Lida93]

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.

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

[stomachgrowls]

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

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

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

[Fivestar4everMVP]

There is no amount of money that you have as a casino owner is bigger than the project itself. Even you have $900 billions, one lucky winner can just wipe everything plus the capital of the business away.

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

So don't think that because you have enough money so can just invest on online casino.

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

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

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

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

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

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

[serjent05]

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

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

[Wiwo]

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

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

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

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

[crzy]

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

[Mahanton]

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

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

[goldkingcoiner]

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.

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

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

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

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