Have your own casino.

[AbuBhakar]

I plan this before but not global scale but rather just on my local community. We have a vacant house which we typically use to gamble with my friends u til it became popular gambling spot in the neighborhood. I plan to expand my house into a mini casino but later I stop due to the possible legal charges since my place is already exposed to the authorities due to popularity.

Although I dream about owning a casino especially online. I don’t have any skills or money to materialize this dream so I stop thinking about this long time ago and just play as regular client.

Paying tax should not be a problem. Those casinos that have license have a way of paying tax and they continue to grow, having more customers and making more money.

If possible you can give it a try, you should.

Paying taxes is least of my concern. Our government is corrupt as hell which getting a license is very hard to accomplish for a small business casino. Only huge scale casino that pays huge under the table fees typically can get license to operate here in my country so small casino like ours have no chance to become legal.

You can add the cops that charge more under the table payment for protection which is really a pain in the ass. We witness other small operators in our neighborhood that suffer a lot on legal charges after they didn’t pay those shit fees. This is really an impossible business in my country unless I will ho huge scale.

[1714553364]

1714553364

[1714553364]

1714553364

[dezoel]

Who doesn't dream of having a business that earns them a lot of money? Gambling is a great business and it earns the owners a lot of revenue but it is not that easy to build a casino and start a gambling business because it requires a lot of investment nowadays. You need to get the platform developed, buy games from game providers, hire marketing experts, hire customer service representatives, hire management staff, and a lot of other things that are required to be done.

Even if one manages to do all that, it is not very easy to get your casino to become the favorite of gamblers within the community, you will need to spend a lot of money on marketing and everything, and sometimes, a platform still doesn't work the way it should after all those marketing and promotions, and at the end of the day, you will find out that the gamblers are leaving the platform one by one which is a nightmare for any business.

[Saint-loup]

It's certainly more difficult now to open a gambling site or a casino attracting decent amounts of customers than it used to be but some custodial casinos still let people investing into their bankroll through some ways. And GameFi/GambleFi decentralized casinos, sportsbooks or protocols offer users to invest in their liquidity pools with profitful ROIs like Thales or Azuro protocol for example https://azuro.org/liquidity

[Juse14]

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.

Indeed, currently casinos are a very profitable business, because people's involvement in the world of gambling is increasing day by day. However, opening your own casino is not an easy thing apart from the licensing which is very difficult and complicated but it seems that competition between casinos is very tight and not to mention the challenges that we have to face and we cannot deny that the world of gambling is very closely related to the world of crime. So when we intend to open a casino, we are required to prepare everything carefully.

But here, I consider that I am not capable enough to open a casino because the risk is too big and I cannot bear the risk. I prefer to create a business where I really understand the business field.

[Crypto Library]

It's certainly more difficult now to open a gambling site or a casino attracting decent amounts of customers than it used to be but some custodial casinos still let people investing into their bankroll through some ways. And GameFi/GambleFi decentralized casinos, sportsbooks or protocols offer users to invest in their liquidity pools with profitful ROIs like Thales or Azuro protocol for example https://azuro.org/liquidity

Actually why there will be not difficult to attract customers  because of the number of competitors are quite good in the market? But it is also true that a strong background and potential team with a good strategy can only be successful.
I myself sometimes think that I will make a gambling website, but here various restrictions come in front of me.  The restriction at the beginning is that I have to invest money for the gambling website, which I don't have, especially after making the website, I have to make a budget for the promotion. Moreover, another big restriction is that crypto currency is currently illegal in my country, moreover, such casino's websites are also illegal in my country. That's why for now I have put down my dream about own a casino

[Slow death]

In my case, I never had any dream or objective of creating a casino, that's because the casino business, whether it's an online casino or a physical casino, needs to make a big investment from the construction of the physical casino or online casino itself, and a lot of money is involved. . see for example in the case of a physical casino, first the person will need to buy land where the casino will be built and the price of land is very high especially when it is in a well located place, the person will spend millions of dollars on purchasing land, then you will spend money to process documents to build the casino and then you will spend a lot more money on building the casino itself and when the casino is ready, then the person will have to have a lot of bank money to run the casino and if they don't have customers in the casino and it goes bankrupt then look at the loss that person will have

In the case of an online casino the story is not very different, the person will have to spend a lot of money on coders to build a casino from scratch, then the person will have to hire employees, the coders always receive a lot of money, and finally the person You will have to have a lot of bankroll money to run the casino. and if the casino goes bankrupt, then that person has lost a lot of money. In my opinion, casino businesses are high-risk businesses, they involve a lot of money spent. That's why I wouldn't venture into it even in a dream. In the real world, casinos have a reputation for being places where corrupt government officials launder money.

[topbitcoin]

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.

I love gambling but to create a casino seems like a long shot. Because it's not a joke and it's not something that's easy like turning your palm. And I deny myself that I have enough mastery as well as understanding and ability to be able to build a casino. this is too risky because related to the threats and challenges provided are quite difficult and dangerous. And keep in mind that although gambling is considered a fairly profitable business, it is actually a business that is full of uncertainties. Gambling is a business that is not suitable for fanatics like me who often consider gambling bad. And I can't force myself to build a business that I'm not good at and don't like.

For now I prefer to build a business that is certain.  What I'm sure I've mastered, what I'm sure I've understood and of course it's certain and clear the achievements and goals. So that I can take a more active role in it.

[Oilacris]

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.

Who doesnt really like on a business on which we know that it is really that indeed profitable? Of course we do really love on having a casino business as much as possible yet it would really be giving out that kind of revenue on which it would really be that something big. There's no way that you could really be able to make yourself to resist about the benefits on having this kind of business
and come to think that this is a multi million or billion if possible kind of industry on which means that there is really that the demand. Building one is  never been cheap and on the time
that you've been asked on having that own casino then it would really be that 101% that much preferred.

About legalities or simply those licensed then it would really be just that normal that these places would really be having those kind of things on which considering on how
big the money that it is really that been involved or generating then government cant really just that let these things to pass on, also having licenses
would really be creating that impression that your platform is something that could be trusted but not 100%, there's always that risks.

[Odusko]

Who doesn't dream of having a business that earns them a lot of money? Gambling is a great business and it earns the owners a lot of revenue but it is not that easy to build a casino and start a gambling business because it requires a lot of investment nowadays. You need to get the platform developed, buy games from game providers, hire marketing experts, hire customer service representatives, hire management staff, and a lot of other things that are required to be done.

Even if one manages to do all that, it is not very easy to get your casino to become the favorite of gamblers within the community, you will need to spend a lot of money on marketing and everything, and sometimes, a platform still doesn't work the way it should after all those marketing and promotions, and at the end of the day, you will find out that the gamblers are leaving the platform one by one which is a nightmare for any business.

The gambling business is one of the thriving businesses of this era, but then also it comes with a lot of high capital necessities and that has a lot to do with both money and time and for you to run a successful casino, you may require a long term of experience in the industry, so operating a casino is not a business that can be easily operated as it requires a lot of technical knowledge and the rest of other necessity that can be too demanding for a nob to cope with.
So is not about having alone or the expected high revenue income that is generated by this business,  we need to check what the other side is to avoid frustration along the way.

[erep]

Actually why there will be not difficult to attract customers  because of the number of competitors are quite good in the market? But it is also true that a strong background and potential team with a good strategy can only be successful.

We find it difficult to attract customers from other gambling sites because many gamblers will not replace a gambling platform that has given them confidence in fair play and the best service for users, even though you have a potential team but to increase your gambling reputation will take time and a strategy to quickly provide bonuses Welcome every new user to make them interested in visiting your casino and make sure they feel a better gambling sensation at your casino.

I myself sometimes think that I will make a gambling website, but here various restrictions come in front of me.  The restriction at the beginning is that I have to invest money for the gambling website, which I don't have, especially after making the website, I have to make a budget for the promotion. Moreover, another big restriction is that crypto currency is currently illegal in my country, moreover, such casino's websites are also illegal in my country. That's why for now I have put down my dream about own a casino

It seems that you have complex limitations to make your dream of owning a casino come true, the main thing you need is to have knowledge of casino management and to prepare a large budget to develop online gambling products and to have a competent team to run a gambling site. If you build a casino for a global target then you will not be constrained by your country's regulations because you can run a casino in another country and build relationships to get a gambling license.

[Orpichukwu]

Looking at the money that is being made from casinos and looking at how many casinos are coming up every now and then and the number of money gamblers wager every time, I believe many people will have the dream of having their own casino and share part of the funds that are being distributed there.
 
Wishing to have it is one thing, but the question is, does the person have the financial capacity? Because from the development down to licencing, then the start-up capital all need personal funds to get that started, and those funds are not just what I can get from my little weekly earnings or from my other job I do aside from this forum; they are never going to be enough, which is why some wishes always end up in one's imagination and are not good to voice out because the person might sound stupid to others due to their level of finance.
 
Starting up a casino needs more than $100,000, based on my estimate, and this amount is if the person wants to start with a little minimum winning amount, which won't also speak well of the casino.

[Hispo]

I have never considered to have my own casino, to be honest. Though, it would be interesting to have it.
I guess I would be personally more inclined to have other kind of business which would have nothing to do with gambling, perhaps more related the providing of goods or importation of things from abroad, in order to sell them locally.
Besides, it is not a secret that opening and operating a casino can be expensive, the initial capital one needs to have at hand only grows as the competition gets bigger in this ecosystem.

Dreaming is free, though. And we as human beings, are never supposed to quit dreaming. 

[avp2306]

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.

I work as costumer support on a casino before and I can say that its so good to have your own casino since it gives you a lot of profit. But the problem arise here is financial management since you cannot do this without having enough funds since you can't attract whales to gamble or even you might struggle to pay those players those huge wins they encounter.

But who knows time goes by and we became successful as a gambler then we can build our own casino just like other owners here. Nothing is impossible if we dream that and the most important thing there is our intention to provide good business and this dream might come to us.

[BitDane]

It is really tempting, if have the needed fund, to establish an owned casino.  Looking on how these casino is profiting from the people, we might dream of living in luxury if the established casino flourish.  But I think it is not easy to establish a casino since it is still under the gambling risk, a casino might get bankrupt if many player is able to win huge prices despite the house edge. The casino also need to pay of lots of advertisement, promos, competition, and bonuses in order to get the attention of players since there are lots of competition between casinos out there.

Establishing a casino isn't as easy as 1 2 3, new casino owner need to study and make a sound plan in order to compete against the big name of gambling industry.

[bettercrypto]

If I'm just a rich person, I'll probably build my own casino online. The others who build a casino online don't spend much, but the only intention is to cheat gamblers. They just make it appear that the casino has funds and a lot of gimmick bonuses for those who avail, but the return to those who take advantage is too much for sure for what they spent.

I've seen a lot like that in traditional online casino apps that are downloaded from play store; that's why we're not bad people to do such bad things. Due to the legitimate method, setting up your own casino will also require quite a lot of money, so it is not easy if you know that you are not a middle-class type of person.

[xSkylarx]

Ive also planned it but it was like in the year 2017-2018 this is where a lot of not-licensed casinos are popping out and there are tons of gamblers but I haven't pushed through because of the competition. Also youll need to invest in marketing and later on youll need to have a license. Youll need to start with a huge bankroll at the start and it is exempt from other operational costs so it is not easy to run.Though right now I still dream of it but I am not pursuing it as there are tons of huge casinos right now and gamblers want those established ones.

[Blitzboy]

If I'm just a rich person, I'll probably build my own casino online. The others who build a casino online don't spend much, but the only intention is to cheat gamblers. They just make it appear that the casino has funds and a lot of gimmick bonuses for those who avail, but the return to those who take advantage is too much for sure for what they spent.

I've seen a lot like that in traditional online casino apps that are downloaded from play store; that's why we're not bad people to do such bad things. Due to the legitimate method, setting up your own casino will also require quite a lot of money, so it is not easy if you know that you are not a middle-class type of person.

In fact, starting a casino is a bet in and of itself, involves many risks and costs. Your frustration with misleading online gambling platforms is shared by many. These businesses typically hide their genuine aims behind stunning bonuses and supposedly profitable deals, deceiving people seeking genuine enjoyment.

Establishing a fair and honest online casino is a monumental effort. Many investors get discouraged by the ethical and operational issues despite the fast profits. Building trust and ensuring profitability is a complicated recipe that even wealthy businessman struggle with.

In a world full of fraud, creating a legitimate and honest gambling space becomes a problem surrounded by legal and financial issues. If implemented carefully, such a venture might change the internet gambling industry, solving real-world issues while bringing the best place for everyone

[piebeyb]

Dreaming is free, though. And we as human beings, are never supposed to quit dreaming. 

Yes, that's true, there's nothing wrong with people dreaming of having one because it's free and not paid, the point is, don't feel unsure about not being able to have it, because every time technology continues to develop, who knows, in the future, it will be easier to create a casino, so that it will be easy for people to own it and build it. , all successful people always start from their dreams so don't ever try to stop dreaming of having them.

Owning a casino may be more profitable than being a user and gambler, we know that the dealer will always win against all its users, that's why casinos are always successful in taking as much money from their users as they want, it's not easy to make dreams come true, it just takes time to make it happen because it doesn't anyone knows about the future, lol

[Odusko]

Ive also planned it but it was like in the year 2017-2018 this is where a lot of not-licensed casinos are popping out and there are tons of gamblers but I haven't pushed through because of the competition. Also youll need to invest in marketing and later on youll need to have a license. Youll need to start with a huge bankroll at the start and it is exempt from other operational costs so it is not easy to run. Though right now I still dream of it but I am not pursuing it as there are tons of huge casinos right now and gamblers want those established ones.

You made the wise decision not to have pushed through, giving that mindset of operating an unlicensed casino just as you mentioned, because most of those casinos that operated back then have all folded up due to licensing demands from an authority,  some even hard their casino seized for operating in that capacity and seen as an illegal operation.
One of the most difficult things in setting up a new casino is licensed because it requires a lot of money and connections to get one unless in countries where there is less attention to the issuance of casino licensing,  and that is why many of those looking to obtain operational license always look in the direction of CR for licensing and most of the one we know are all operating within that means also.

[Porfirii]

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.

seoincorporation, after launching your crypto news project, am I seeing a new challenge in the horizon?

As you said, the regulatory landscape has changed and those who want to avoid problems in the future should do the homework before opening a gambling platform, even if they are technically capable to do that. And, taking into account that there are international rules involved, I don't think this is a field that many lawyers know well, so it must be hard to find a good one. So let's keep sharing the info in this thread, we may come to some interesting insight on the topic this way.