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Author Topic: Have your own casino.  (Read 1451 times)
piebeyb
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November 08, 2023, 02:28:58 PM
 #141

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.
We can dream of having a casino, but we need to remember that building a casino doesn't just use money but requires a lot of marketing and other strategies to make a casino that many people can play and like, a casino will never make money if no one plays. This is why marketing is very important for the progress of casinos because this method will attract a lot of user interest in gambling.

Other additions also use marketing strategy ideas such as welcome bonuses and others to keep gamblers gambling without stopping playing, so that's where we will find unlimited money, money that will continue to come in and continue to provide profits for us because the casino has many active users playing. gambling there, the key to casino success is being able to get more active users and gambling addicts will be more profitable.

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Kelvinid
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November 08, 2023, 02:33:02 PM
 #142

The casino business is not far different from other forms of business as they all need money as capital - and yes, that is really a huge amount of money. That is why not all have been given the chance to start and own a casino (including me). That is why I don't even think about it, I'd rather choose as a gambler because that is the only thing that I can afford. Perhaps, it was not necessary to own a casino in order to enjoy gambling or let us say, it means of success as I'd never see myself empty even if I don't have it.

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HelliumZ
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November 08, 2023, 02:34:33 PM
 #143

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.
If you want to establish your own casino, you will need huge amount of capital which is possible for many people but many people cannot establish their own casino despite having the capital for advertisement and sustain. In countries where casinos are legal, it is not possible to manage the amount of capital required to apply for official casino registration and team management. Moreover, it is possible to establish a casino in a country where casinos are illegal, but it is impossible to actually establish one.

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November 08, 2023, 02:35:22 PM
 #144

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.
I guess casinos like stake are just taking advantage of our current technology, I've never experienced talking to a bot for long in stake as for my personal experience, from the few encounter I have with their support, I always ended up having to talk to a real human.

Big casinos always has investors in their back, it's hard to set up a million dollar casino without the help of a investor to help you fund it, it's the same way as big physical casinos. Though there are small one that carry their money to use as a bank roll. I also don't think that it's right to build a casino especially if you are a starting developer even with the help of chatGPT. There's a lot to consider especially the security of casino. I just don't think that casino owner that is also the major contributor in developing the casino will strive as there are too much thing to do in growing a really good casino.
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November 08, 2023, 04:18:50 PM
 #145

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.
It not all about the money, mate. A lot of technical stuff goes into developing those games, protocols, designs and then keeping that code clean to avoid the exploits from happening.

Its a full time job and not something of a one man game at all. Hence I would never do all that myself but only be the bankroll investor, let the developers work on their development and customer support deal with complaints. But to reach that level, like sites like Stake have done, takes years of dedication, innovative ideas and a community promotion to keep people coming in.

R


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pawanjain
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November 08, 2023, 04:31:08 PM
 #146

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 still do wish to have my own casino but at no point I thought of playing the games and always win.
That wouldn't be fun and there's no point if I am winning my own money.
I wished of having a casino and organize live betting games or something similar.
But it seems it involves a lot of regulatory issues.

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November 08, 2023, 04:47:50 PM
Last edit: November 13, 2023, 03:10:47 PM by tusandii
 #147

If only dreaming, maybe since a few years ago I have had the desire to build my own gambling business but unfortunately everything will not be as easy as I dreamed because first requires large funds and then you have to have quite a lot of experience all gambling systems and one side at this time very there are many online casino sites, which means there will be very difficult competition because there are more and more online casino sites, of course all gamblers will choose casinos that have good reputation and provide quite large features or bonuses and as time goes by, many casinos will also go bankrupt because this quite heavy competition.
So maybe my dream will just be dream that will never be achieved.

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November 08, 2023, 06:13:17 PM
 #148

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 still do wish to have my own casino but at no point I thought of playing the games and always win.
That wouldn't be fun and there's no point if I am winning my own money.
I wished of having a casino and organize live betting games or something similar.
But it seems it involves a lot of regulatory issues.
If you are a gambler then you would definitely be having that kind of interest on running a gambling business but pretty sure it wont really be that so something simple yet there would really be
some considerations which needs to be checked or would really be handled out and not really just that sitting right away and just waiting for some revenue. This business doesnt work on that way.
Yes, we are the house and having that full control but retaining players on the site is never been that easy. It might really sounds too basic on running a business but its not.
There would be tons of consideration which you would really be needing to set and everything should really be in order for it to function well and something that it is really that reaping some revenue.
Who doesnt really want on having a business on which we know that it is extremely that profitable? We are all wishing on having a business and even to those people who dont have
gambling knowledge that much but still they would really be considering on having this.

R


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tjtonmoy
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November 08, 2023, 06:32:34 PM
 #149

Maybe because the house is always on the win streak many people will dream of having / owning their own casino. I hate the idea of gambling but when it comes to business and running a casino, I may consider that as an opportunity. While playing or gambling in a casino, people think about entertainment and money. But when running the business, that's a whole new story. It's hard to maintain a business. There are tons of things that you need to learn in order to successfully run a business in this particular section.

Privacy of other people, keeping the data safe, implementing user-friendly games, and many other things is much complicated than just playing the game. I would stick to the entertainment rather than running it on my own. It is quite profitable business no doubt but maybe I am not capable of it. But there's no rule to not dream about it. Yeah, maybe I can dream to have one.
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November 08, 2023, 09:06:49 PM
 #150

The casino business is not far different from other forms of business as they all need money as capital - and yes, that is really a huge amount of money. That is why not all have been given the chance to start and own a casino (including me). That is why I don't even think about it, I'd rather choose as a gambler because that is the only thing that I can afford. Perhaps, it was not necessary to own a casino in order to enjoy gambling or let us say, it means of success as I'd never see myself empty even if I don't have it.
You are apparently right about this, however, I would say that a casino business is something one should not consider in a rush, one should take his/her time when trying to start a casino or any gambling business, gambling businesses need a lot of money (millions of dollars) to start, one most register to his/her government, must pay tax and so on, and all this can't be fulfilled without a lot of money.

R


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November 08, 2023, 09:20:54 PM
 #151

The casino business is not far different from other forms of business as they all need money as capital - and yes, that is really a huge amount of money. That is why not all have been given the chance to start and own a casino (including me). That is why I don't even think about it, I'd rather choose as a gambler because that is the only thing that I can afford. Perhaps, it was not necessary to own a casino in order to enjoy gambling or let us say, it means of success as I'd never see myself empty even if I don't have it.
You are apparently right about this, however, I would say that a casino business is something one should not consider in a rush, one should take his/her time when trying to start a casino or any gambling business, gambling businesses need a lot of money (millions of dollars) to start, one most register to his/her government, must pay tax and so on, and all this can't be fulfilled without a lot of money.

That's true, having adequate time enough to plan ahead is very necessary because this will help with the sustainability of the casino business since there was a planned pattern to carry the entire operations, maybe if this is well considered, such establishment may not constitute other gambling platforms that exists today and cease operations tomorrow because of many reasons beyond their own understanding or explanation, but when the plan is in place, every other needs will be meant as in demand towards the successful growth of the gambling platform establishment.



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November 09, 2023, 01:15:16 AM
 #152

I think that having your own casino would be a Spectacular Business , but I think that I wouldn't mess with having a business like that if I didn't have the necessary capital for them, because we must remember that things when it comes to how Players who are Whales play , They will Want to enter by making big bets, and if we do not have the capacity to pay in case they win, then we will look very bad and it will be something disastrous, then we can have the best structure to do it, the best of all the friends once it is see nice, eye-catching , the best games with their suppliers, the best staff, but the question here is money, if there is not enough how can you maintain a casino? Taking into consideration that if players like those who enter stake.com arrive who are very good , they are whales , because it is Something that is quite strong , then we can say that when things are treated like this, it is very different.

Now for me that is the main way that I don't set up a casino, secondly I don't know or have any idea how much the minimum capital is that you can set up a casino, I think it would have to be a lot of bitcoins, it's the only way I can say that things worked really well, because if you start playing slot machines, which are quite nice and there is a bet of 700-1000usd and you win the biggest prize, the money is an exorbitant amount that must be paid, and You must pay so as not to look bad, because otherwise it would be a scam, and so in the forum there have been many cases where the casino cannot pay and then they try to get ahead with the payments that some players make with their deposits, that is, the casino tries to capitalize with the players' money , that is something that is not viable and is a very reckless strategy, because basically money is something that the casino is always protecting at all times, it is its way of surviving, I don't see any other way .

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November 09, 2023, 01:37:06 AM
 #153

I never dreamed about having my own casino but if I can get my own casino then it's always going to be a good thing for me. Now a days, it isn't that hard to have one's own casino but still initial investment is required to have a proper casino which may have some active players.

The worst thing of this time is that the casinos must have some type of license to work and unfortunately I think that's not needed that much. The games are widely available by game providers which a new casino can implement into their platform, but I still believe that the ones who build their own games will have priority over the others.



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November 09, 2023, 01:53:58 AM
 #154

I never dreamed about having my own casino but if I can get my own casino then it's always going to be a good thing for me. Now a days, it isn't that hard to have one's own casino but still initial investment is required to have a proper casino which may have some active players.

The worst thing of this time is that the casinos must have some type of license to work and unfortunately I think that's not needed that much. The games are widely available by game providers which a new casino can implement into their platform, but I still believe that the ones who build their own games will have priority over the others.
You are right though, but let me point out some few things, it isn't that hard to build a casino, but also consider the fact that competition is very high at the moment amongst online gambling casinos, which I think changes everything, for now, it no longer about owning a gambling casino, the question is, how big or popular is it?, how many active players are there on the casino?.

I personally have come across some really good casinos, well structured, beautifully designed and so, but not very many people playing there, which brings me to the issue of marketing, this days, without adequate marketing, some one who owns a casino is as good as the person who does not own one, a person can spend let's say $20,000 to build a world class casino, and would spend hundreds of thousands of dollars on marketing because, marketing is a never ending expenditure for online gambling casino, for the day you stop marketing, you start losing customers gradually.

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November 09, 2023, 02:25:28 AM
 #155

I never dreamed about having my own casino but if I can get my own casino then it's always going to be a good thing for me. Now a days, it isn't that hard to have one's own casino but still initial investment is required to have a proper casino which may have some active players.

The worst thing of this time is that the casinos must have some type of license to work and unfortunately I think that's not needed that much. The games are widely available by game providers which a new casino can implement into their platform, but I still believe that the ones who build their own games will have priority over the others.
You are right though, but let me point out some few things, it isn't that hard to build a casino, but also consider the fact that competition is very high at the moment amongst online gambling casinos, which I think changes everything, for now, it no longer about owning a gambling casino, the question is, how big or popular is it?, how many active players are there on the casino?.

I personally have come across some really good casinos, well structured, beautifully designed and so, but not very many people playing there, which brings me to the issue of marketing, this days, without adequate marketing, some one who owns a casino is as good as the person who does not own one, a person can spend let's say $20,000 to build a world class casino, and would spend hundreds of thousands of dollars on marketing because, marketing is a never ending expenditure for online gambling casino, for the day you stop marketing, you start losing customers gradually.

You're absolutely right! Yeah, it isn't hard anymore to build one's own casino  these days but growing it is pretty hard and you're right the competition is tough for new casinos as the old giant casinos have been on the market for quite some time now and they are spending millions on marketing only.

Like you said, I have also see many good casinos that were built very professionally but had way less active players then expected. I believe marketing these days is more important than creation of a casino and for marketing a casino has to spend way more than what was invested during building of the casino.

I believe that even marketing on this forum costs around $500 to $5000 per week depending on the number of participants a casino accepts. The other platform or we can say social media influencers charge way more than 10's or participants in on forum signature campaigns. A casino has to allocate a lot of money for marketing purpose and if there is no marketing then there are no players.

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November 09, 2023, 02:56:24 AM
 #156

So far I have not seen who started a member here and then created his casino, but we have casino members or representatives joining the forum to promote their casino as an average player here in Bitcointalk I have not known one, or I'm just not aware of one, or maybe the representative is their alt account, but for me creating a casino as the owner has a lot of work, funding and knowledge and your funds and knowledge should be enough for your platform to be competitive, we have seen new casino launched almost daily and some succeed and some just fold up because they cannot keep up with the competition.

Of all the platforms casinos are hard to break through, you must have a big marketing budget and you must have the right people to run the casino but once you make a breakthrough you will have a continuous profit, as long as you keep your reputation intact, reputation is important to operate a casino

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November 09, 2023, 06:22:46 AM
 #157

I never dreamed about having my own casino but if I can get my own casino then it's always going to be a good thing for me. Now a days, it isn't that hard to have one's own casino but still initial investment is required to have a proper casino which may have some active players.
it isn't hard to own a casino? or you are telling about to have casino Domain but not operational? because there is a tons of money needed before making it  a good one , or maybe those fly by night gambling site ? if that then indeed so easy to own.

Imagine having a winner with huge multiplier ? like needed to withdraw thousand of dollars then how could you provide if there is no big capital on it.

Quote
The worst thing of this time is that the casinos must have some type of license to work and unfortunately I think that's not needed that much. The games are widely available by game providers which a new casino can implement into their platform, but I still believe that the ones who build their own games will have priority over the others.
Gambling online business(legitimate one) is not an easy business to operate this needs full dedication , full knowledge and yes full support financially .









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November 09, 2023, 11:46:42 AM
 #158

if you count owning a share to a casino that shares revenue, i guess i own one.  Grin

planning to own a casino this 2023 might just be the most ambitous anyone can do but also a good decision while crypto is booming. this will of course be a life changing plan as you will have to be very devoted to promote the casino. promoting a casino seem a tight job that requires a ton of hours every day. the competition of casinos online is very harsh so one decides to own one be dedicated.

Thats great to hear! Well owning a casino does not necessary mean that you have to build it from scratch, having a share on the business would also count you as an owner. I personally prefer that but would love to own shares that will give me control to the company Smiley

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November 09, 2023, 01:34:33 PM
 #159

I never dreamed about having my own casino but if I can get my own casino then it's always going to be a good thing for me. Now a days, it isn't that hard to have one's own casino but still initial investment is required to have a proper casino which may have some active players.

The worst thing of this time is that the casinos must have some type of license to work and unfortunately I think that's not needed that much. The games are widely available by game providers which a new casino can implement into their platform, but I still believe that the ones who build their own games will have priority over the others.
Your statements, "it isn't that hard to have one's own casino" and "but still initial investment is required" contradict each other, if you think that it's easy for someone to have that much money to start a casino then you should say that it's easy for those who have enough money for it because not everyone can afford to have enough money to build a casino from scratch or even buy one. So, it's not 'easy' to have your own casino business nowadays unless you are ultra-rich.

It's also not only about money, but that's also the initial step that is required only to get it built, one needs experience in the industry to be able to manage it well and make it successful because you can't start a business that you have no experience about and still make it successful since you know nothing about it at all, even if you hire people to do all the work for you, you are still the boss and it's you who will have to make sure everything is working the way they should work because your employees will care only about their job and paycheck and not your business.

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November 09, 2023, 02:31:49 PM
 #160

The casino business is not far different from other forms of business as they all need money as capital - and yes, that is really a huge amount of money. That is why not all have been given the chance to start and own a casino (including me). That is why I don't even think about it, I'd rather choose as a gambler because that is the only thing that I can afford. Perhaps, it was not necessary to own a casino in order to enjoy gambling or let us say, it means of success as I'd never see myself empty even if I don't have it.
Not just money.Managing a casino site requires innovative strategies that can make your casino different and attractive from other casinos. You cannot own a successful casino site if you only have money. And that's why anyone can't own a site. But everyone can have a dream to own a casino site because it is possible to earn huge amount of money from here, on the other hand, you can gamble as much as you want on your own site and if you lose money, it will be deposited in your own fund, it is a different kind of fun.



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