Have your own casino.

[Broadanbig]

Building a casino I think takes a whole lot more of investment ie Capitals, time, patience and lots more and only those who can withstand the difficult time would be able to build it up to finish and I vividly can recall that casinos are not just a sign of just playing games around but of credibility and integrity and that is what majority of the gamblers are looking at before they engage with casinos. So therefore anyone thinking of opening a casino should have this few tips at hand otherwise they as re just wasting their time and resources.

Nevertheless, another factor worth looking at is the financial strength of the casino as nobody would want to risk their funds with a low win casino because they see them as bait to run away with their funds. So in that case, casino opening should have a mega financial status to back them up while running live because some instances where win is much bigger they would have to pay the gambler irrespective of whether they are at profit or not. So running a casino is not a thing for faint hearted.

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[Dunamisx]

You're right, it's capital intensive to start a casino business, you also have to be experienced in gambling sector because you will need to employ alot of developers and other clients to work under you, there's a need to also unde how to make a business management within a professional standard, but we can also do the best to achieve every desired means for best results, though it has its own risk as well.

[bitterguy28]

How many of you have dreamed about having your casino? Be the house and play the always-win game.

when I was a kid yeah , I dream of owning my Own gambling table because of the commission table can get each game as i have seen that in my Uncles house that has multiple table for different gambling games.
 but Now that I know how much capital and knowledge we need?> that is a too much for me and I cannot afford both money and knowledge.

In the past years it was different, people who could build a provably fair engine were able to have their own casino, but now we are playing with new rules, the casinos must have a license and games providers, and that's what people are looking for, and i don't say is something bad, the gambling experience on stake compared with the gambling experience on satoshi bones is enormous.

but those improvements are what new gamblers wanted , though issues occur more often now because there are Game provider and site owner that needs to deal with.

But getting back into the topic, i would like to read some nice histories from the community, those who only dream about their own casino, and those who make their dreams come true.

looking for stories also , admiration is what they can bring specially those successfully managed to create their casino and still working now and developing .

[slapper]

Building a casino I think takes a whole lot more of investment ie Capitals, time, patience and lots more and only those who can withstand the difficult time would be able to build it up to finish and I vividly can recall that casinos are not just a sign of just playing games around but of credibility and integrity and that is what majority of the gamblers are looking at before they engage with casinos. So therefore anyone thinking of opening a casino should have this few tips at hand otherwise they as re just wasting their time and resources.

Nevertheless, another factor worth looking at is the financial strength of the casino as nobody would want to risk their funds with a low win casino because they see them as bait to run away with their funds. So in that case, casino opening should have a mega financial status to back them up while running live because some instances where win is much bigger they would have to pay the gambler irrespective of whether they are at profit or not. So running a casino is not a thing for faint hearted.

It takes a great deal of patience, time, and money. Credibility and honesty are more important than glitter and glamour. A trustworthy location is what gamblers seek out more than just a spot to play. Don't even start if you're not prepared to put in the effort

Financial strength is paramount. We are all aware of this. A weak financial foundation makes a casino like a house of cards that is prone to collapsing with the least wind. No matter how big their wins are, gamblers need to know that their money is secure and that they will receive it. Therefore, I would suggest that someone is setting themselves up for failure if they are intending to operate a casino without a sound financial plan. It's not enough to simply possess the money; you also need to handle it strictly

[Latviand]

You're right, it's capital intensive to start a casino business, you also have to be experienced in gambling sector because you will need to employ alot of developers and other clients to work under you, there's a need to also unde how to make a business management within a professional standard, but we can also do the best to achieve every desired means for best results, though it has its own risk as well.

If you have the money to do it, you can just hire all of those people that you've just mentioned so it's no big deal that you have to worry about those stuff if you have the money, maybe having an intimate knowledge on the business can help you a lot. Risk will always be there so it's nothing to be worried about because when you've taken on that risk of building a casino business, you're already doing good. To answer the question about dreaming of owning a casino, yes I do have that dream once because that's probably the easiest business in my opinion at that time but then reality hits and I saw the dark side of owning a casino and how being an owner, I am also contributor to the rampant gambling addiction that's plaguing people around the world.

[wiss19]

I wouldn’t want my own casino. The liability of holding so many other people’s money would be absolutely insane. Not to mention all the problems that would come along with it like hacking attempts and angry customers complaining about bugs or making claims about their gaming outcomes. It would be neverending stress.

Well, there is stress in all sorts of businesses if you are the owner of the business because, at the end of the day, you are the one who will face the music if there are financial problems in the business. Other than that, you will have to hire employees who will manage everything else and you will only need to give them instructions and make sure that things are being managed the way they should be, you can even hire a manager who will do all that and you will just check the reports that they will show you and frequently have checks manually.

However, it's not easy to set up a gambling business, even if it's online. The very first thing that a person needs is a pretty big investment for it, an office for the management of the platform and everything, and then a proper plan for the platform and the games and how everything will be designed and operated, and then hiring required staff to manage everything.

[Shamm]

Owning a casino is not just an easy way and yes if you have already build your own casino then a lot of money will come at you but we must always remember that building a casino is not just  easy you need to have a bigger amount in order to sustain your bankrolls and also you need to pay for your marketing so that your c new customers will be come.  You need to spend your money's in to your promotion like yo will pay for the streamers do that your casino will publish.

[junder]

You're right, it's capital intensive to start a casino business, you also have to be experienced in gambling sector because you will need to employ alot of developers and other clients to work under you, there's a need to also unde how to make a business management within a professional standard, but we can also do the best to achieve every desired means for best results, though it has its own risk as well.

Apart from that, they also have to pay attention to other things because not only about that, there are many other things that must be considered if they want to open a casino. I think that to open a casino will require a lot of people who are experts in their respective fields so that it can be realized properly. Also they must have a strong mentality because a casino in my opinion is a big thing.

Yes that's right, financial strength must be considered because this is one of the most important roles in opening a casino. Having a lot of capital is one of the requirements for opening a casino because opening a casino requires a lot of capital because casinos are not small things, this is a big thing, and there are also many other things that must be considered because it is not just about money, to have a casino of course requires people who are experts in their respective fields, therefore money is the most important in this case to open a casino.

[cheezcarls]

At first I do not want to have my own casino because I'm not really into gambling back then. However, one of my customers who is just a college student years ago playing in our then-computer shop, has now owned his own online casino and hired many agents under his wing.

Until now they are still doing good. I've met him during a big Web3 conference last year and had no idea about running his own online casino and a gaming guild. When I reconnected with him, I saw what he achieved as he supported my local Web3 meetups since January of this year.

Because of his hardwork and perseverance, it really inspired me to think about building my own online casino in the near future but I do not want to compete with him. Maybe I will just be doing my homework like requirements, licenses, etc., to really begin my own.

If I was not hacked big time as well as bad decisions and victimized by rug pulls, I would have a budget to start my own online casino like my friend.

[Dewi Aries]

I wouldn’t want my own casino. The liability of holding so many other people’s money would be absolutely insane. Not to mention all the problems that would come along with it like hacking attempts and angry customers complaining about bugs or making claims about their gaming outcomes. It would be neverending stress.

I also like gambling, but I don't want to own my own casino. If I have a lot of money, I would rather open another business, because I'm not sure about the risks that will come if I open my own casino. So just to play is enough for me.

As you said, not to mention the problems that might come, maybe I myself will not be able to face all the problems, even though I have a lot of money but if problems keep coming, it will make me uneasy. So it's better for me to live with enough money.

Even on other form of investment would really be still imposing such risks on which there'a no way that we could really be able to avoid such thing on which it would really be just that normal that you would really be really that facing those probabilities on which it would really be that a common approach but well each of us does have that own preference when it comes to things. We arent that blind that gambling business
is really that indeed profitable and there's no way that it wouldnt really be  that making out some good profits specially if your business is already that gaining some traction or recognition on which its something that wont really be that so easy when running not only gambling business but also in other business as well. Demand and recognition would be the toughest thing to gain on.

It's true about that, but I stated that I'm not ready to face all the problems about if I have a casino, I prefer the risk of investment, although the risk may not be as bad as a casino. I also don't know for sure but if I have a lot of money it's better for me to invest it, you also probably know the difference between investment and gambling so I don't need to explain the details.

even though it will be profitable but I am worried about the problems that will come over and over again, I also gamble on slots but even though I have experienced big wins and seen all the people who have lost a lot from gambling here, it is certain that the gambling company has won a lot but I am not interested in having my own casino. don't care about other people.

[Doan9269]

Owning a casino is not just an easy way and yes if you have already build your own casino then a lot of money will come at you but we must always remember that building a casino is not just  easy you need to have a bigger amount in order to sustain your bankrolls and also you need to pay for your marketing so that your c new customers will be come.  You need to spend your money's in to your promotion like yo will pay for the streamers do that your casino will publish.

For those that have successfully achieved having a casino, all they needed is to continue to have an effective management in other to experience a prolonged sustainability of the gambling platforms, it's a profitable business though but it also requires money to maintain it daily operations, there are some other oversight expenses we don't normally considered as cost to the overal financial requirements needed for a casino to function well as needed, but despite all these, they are still profitable to run as long as people are making a patronage to gamble.

[michellee]

Owning a casino is not just an easy way and yes if you have already build your own casino then a lot of money will come at you but we must always remember that building a casino is not just  easy you need to have a bigger amount in order to sustain your bankrolls and also you need to pay for your marketing so that your c new customers will be come.  You need to spend your money's in to your promotion like yo will pay for the streamers do that your casino will publish.

That's what people who want to build a casino should pay attention to. They have to prepare quite a large amount of capital to build a casino from scratch. We must also have a team that can work together and have unity so that what is planned can run well.

Marketing is something that casino owners must do to get lots of customers. For this reason, casino owners also have to allocate large amounts of money for promotions. Hiring a streamer might help but it depends on your capital because it is not a cheap expense.

Having cash in your balance is also worth paying attention to because there are lucky gamblers who can get big wins. They will withdraw their winnings and that is why the casino needs to have a lot of money to be able to pay them. There are many more things that need to be prepared and only people with a lot of money can build the casino.

[Hispo]

Owning a casino is not just an easy way and yes if you have already build your own casino then a lot of money will come at you but we must always remember that building a casino is not just  easy you need to have a bigger amount in order to sustain your bankrolls and also you need to pay for your marketing so that your c new customers will be come.  You need to spend your money's in to your promotion like yo will pay for the streamers do that your casino will publish.

That is probably one of the most expensive parts of running a casino, specially one which is not well known and is trying to get some attention among a sea of competition.
Advertisement campaigns are expensive in general and anyone wishing to start a casino should not only consider to hire people skilled in coding, security and art (in order to keep their games and seek for bugs) but also a PR/advertisement department would be necessary, to keep attracting new gamblers in.
It is possible to have success with a small ad budget, but it would require the casino to be so good and so enjoyable that people would be willing to spread the word by their own in a massive way, that is not so common to see nowadays. Sadly, it is easier for people to spread the word about a disgusting ponzi scheme than a good casino which is new.

[mak013]

How many of you have dreamed about having your casino? Be the house and play the always-win game.

In the past years it was different, people who could build a provably fair engine were able to have their own casino, but now we are playing with new rules, the casinos must have a license and games providers, and that's what people are looking for, and i don't say is something bad, the gambling experience on stake compared with the gambling experience on satoshi bones is enormous.

But getting back into the topic, i would like to read some nice histories from the community, those who only dream about their own casino, and those who make their dreams come true.

As for me it only looks like easy money. To be the owner of the casino is the same job like the others. You have to pay taxes, pay prizes, work hard trying to increase the reputation of the casino, invite new gamblers, etc.
As the result you get some money and have to pay salary, bills, etc. And only after all these payments you get your money. And i don`t sure that it would be big enough sum.

The process of owning a casino site and setting up another business is the same, only the platform is different and the strategy is different. And like other businesses, earning money after success is very easy. We can easily go to a platform and gamble. Gambling is not as easy as owning a gambling platform.  It's natural that everyone dreams of owning a platform because everyone dreams big. But implementation is very difficult

I don`t dream it. It may be easier to get money from gambling than from casino. The first moment is to start - you need lots of money and time. And it is before the casino even started, so you don`t have any income from it. After start you can get some income but until you prove that your casino is fair, it will be small money, i don`t think that it would be enough to pay taxes, salaries, marketing promotion, some other expenses.
And only after several years you can get some stable income that will be higher your expenses. And after some more several years you will return all money you spent.

[Fivestar4everMVP]

Owning a casino is not just an easy way and yes if you have already build your own casino then a lot of money will come at you but we must always remember that building a casino is not just  easy you need to have a bigger amount in order to sustain your bankrolls and also you need to pay for your marketing so that your c new customers will be come.  You need to spend your money's in to your promotion like yo will pay for the streamers do that your casino will publish.

Well, of course, building and running a gambling casino is not easy, for if it was, i guess many of us here would already be managing our own private casinos. On the norm though, starting any business, most especially a business that has to run and operate online, is not easy, it requires a lot of money since one will be hiring not just developers, but very good ones who can sure deliver what they are expected to, one will also be hiring graphic designers who can oversee to the production of infographic materials that will be used for the casino's announcements and promotions.

I personally would say that, building an offline casino, like a physical casino with an real world address, sometimes may cost less, than building an online casino, one thing with online casinos is that, they need constant promotions and advertisements, else, before you know it, you would lose all your customers to another casino, something that is not really need for offline casinos.

[Wind_FURY]

Owning a casino is not just an easy way and yes if you have already build your own casino then a lot of money will come at you but we must always remember that building a casino is not just  easy you need to have a bigger amount in order to sustain your bankrolls and also you need to pay for your marketing so that your c new customers will be come.  You need to spend your money's in to your promotion like yo will pay for the streamers do that your casino will publish.

Well, of course, building and running a gambling casino is not easy, for if it was, i guess many of us here would already be managing our own private casinos. On the norm though, starting any business, most especially a business that has to run and operate online, is not easy, it requires a lot of money since one will be hiring not just developers, but very good ones who can sure deliver what they are expected to, one will also be hiring graphic designers who can oversee to the production of infographic materials that will be used for the casino's announcements and promotions.

I personally would say that, building an offline casino, like a physical casino with an real world address, sometimes may cost less, than building an online casino, one thing with online casinos is that, they need constant promotions and advertisements, else, before you know it, you would lose all your customers to another casino, something that is not really need for offline casinos.

Although on a technical level, and to lower barriers and to make running your own casino a little more permissionless, I believe developers could also build an open source engine like what the builders of OpenCEX are building, https://bitcointalk.org/index.php?topic=5443875.0

 

If we could assume that the code is checked and audited throroughly by the community, I believe such a project and its community, with passion for free software and GPL/Copyleft,  could grow like many open source projects.

[Broadanbig]

Building a casino I think takes a whole lot more of investment ie Capitals, time, patience and lots more and only those who can withstand the difficult time would be able to build it up to finish and I vividly can recall that casinos are not just a sign of just playing games around but of credibility and integrity and that is what majority of the gamblers are looking at before they engage with casinos. So therefore anyone thinking of opening a casino should have this few tips at hand otherwise they as re just wasting their time and resources.

Nevertheless, another factor worth looking at is the financial strength of the casino as nobody would want to risk their funds with a low win casino because they see them as bait to run away with their funds. So in that case, casino opening should have a mega financial status to back them up while running live because some instances where win is much bigger they would have to pay the gambler irrespective of whether they are at profit or not. So running a casino is not a thing for faint hearted.

It takes a great deal of patience, time, and money. Credibility and honesty are more important than glitter and glamour. A trustworthy location is what gamblers seek out more than just a spot to play. Don't even start if you're not prepared to put in the effort

Financial strength is paramount. We are all aware of this. A weak financial foundation makes a casino like a house of cards that is prone to collapsing with the least wind. No matter how big their wins are, gamblers need to know that their money is secure and that they will receive it. Therefore, I would suggest that someone is setting themselves up for failure if they are intending to operate a casino without a sound financial plan. It's not enough to simply possess the money; you also need to handle it strictly

Financial stability is another major area of focus when establishing a casino. When enough finance is readily available, there would not be a problem because wins will always be rewarded and attracts more potential customers to your casino because of the single act of paying up rewards.
Credibility and honesty as you have said is very much important when a casino is to start up. People really look into these factors because this has to do with their assets and funds which they are entrusting into a third party. So what is expected is safety and accountability on the part of the third party which is of good importance and makes their clients and customers to believe and have that confidence in the.

[shield132]

How many of you have dreamed about having your casino? Be the house and play the always-win game.

In the past years it was different, people who could build a provably fair engine were able to have their own casino, but now we are playing with new rules, the casinos must have a license and games providers, and that's what people are looking for, and i don't say is something bad, the gambling experience on stake compared with the gambling experience on satoshi bones is enormous.

In the past, there was no big competition, there were only one or two games like Dice and Bustabit and bitcoin wasn't concidered as a currency. Today you have a different reality, these casinos, some of them that used to be made single-handedly, turned into big companies that have big offices and hundreds of employees. Stake started as a primedice, it was primedice at first and after years, Stunna created a new casino called Stake. It was not exceptional casino at first but over time, it grew and become one of the greatest casino.
In the past, I used to dream to have a bustabit like website but was too little to create that, didn't have a bankroll. Today, it's hard to dream, you need a huge bankroll and a team of professional developers who know what they do.

[Wiwo]

As for me it only looks like easy money. To be the owner of the casino is the same job like the others. You have to pay taxes, pay prizes, work hard trying to increase the reputation of the casino, invite new gamblers, etc.
As the result you get some money and have to pay salary, bills, etc. And only after all these payments you get your money. And i don`t sure that it would be a big enough sum.

All that you mentioned above is correct and most especially in the area where you started the need for time and hard work to keep the casino running and being able to attract gamblers and also being able to pay for a prize no matter how much is involved in the winning,  this is very important for start-up casino since the business is not as easy to run as people take it to be,  because when you mentioned operating a casino,  some people will just assume you making easy money without any efforts,  we're as there have been proven cases of where the team will go on for days without break or off from duty,  that is the reason that casino operations are most suitable someone who already have the technical knowledge and long term experience of the industry to be able to run it effectively.

But talking about the revenue and profits merging for this business,  then I will say that,  you may be wrong in the last paragraph of the text where you said that the team may not have money left after paying bills that is not true and at some point may be a false alarm because a lot of the casinos that have put the right mechanism I place are making enough profits even after all expenses for the period have been settled.

[seoincorporation]

In the past, there was no big competition, there were only one or two games like Dice and Bustabit and bitcoin wasn't concidered as a currency. Today you have a different reality, these casinos, some of them that used to be made single-handedly, turned into big companies that have big offices and hundreds of employees. Stake started as a primedice, it was primedice at first and after years, Stunna created a new casino called Stake. It was not exceptional casino at first but over time, it grew and become one of the greatest casino.
In the past, I used to dream to have a bustabit like website but was too little to create that, didn't have a bankroll. Today, it's hard to dream, you need a huge bankroll and a team of professional developers who know what they do.

Well, Stake is the right example of how to make crypto gambling a 1 Billion dollar business, they know how to scale up the company and build a true empire. But i don't like how they operate, form me it feels like they lose that human side. And i understand why, for sure they have tons of complaints daily, so, they answer to the customers by protocol. But from my user perspective is not the right way to deal with customers.

And i know is hard to dream about a project like this, as you say the bankroll is a must and the developers must be good. But think about it and you can become the developer with the help of chatgpt, and the bankroll can be filled by investors. So, if you think about it, there are some ways to make it possible.