Have your own casino.

[Blitzboy]

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 .

Capital is essential to your business's success. Whales are the huge fish every casino wants, but they're also risky because they have a lot of money and gamble a lot. So the house needs to have enough money saved up in case they win big. The balance of spending and return is tough.

The staff and decorations are great, but without money, its a paper house. Yes, using player money as a stopgap is like entering financial muck. Its reckless and can harm your reputation. Opening a casino is enticing, but the money is too much to pass up.

Unbelievable quantities of money are needed. The risks are great physically and symbolically. Not only do you need to have enough money to cover the bets, but you also need to pay for things like rent, software, and more. You need cash to create a wall to defend your business in a high-risk market where "whales" play.

[pawanjain]

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.

Yes ofcourse. There are a lot of things required to run a successful business.
I know this because all of my friends are running a business and they keep telling me how troublesome it is.
Yet running an online casino is one of my wishlist and I'll try pursuing it at some point of time if things are aligned.

[TheUltraElite]

Unbelievable quantities of money are needed. The risks are great physically and symbolically. Not only do you need to have enough money to cover the bets, but you also need to pay for things like rent, software, and more. You need cash to create a wall to defend your business in a high-risk market where "whales" play.

Risks are there in every aspect of life. But yes you need backup wallets to cover your money if a high roller is wise enough to win big and then withdraw it. Most of them just bet again and lose it all. The advantage of owning a casino is that you know the players are going to come back and try to win more and that greed squashes the life out of them instead of giving them more.

So in the long run, the casino is winning. You just have to sustain that short period of losses which can be frustrating at first.

[mak013]

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.

It is possible of course. And we have some examples of such kind of the casino. But when we create new casino we must not only attract new gamblers. We have to get gamblers from other casino and it is difficult. They have some bonuses, they now how to gamble there. As for me, i`d prefer the old casino where i know everything. 

[Gozie51]

Unbelievable quantities of money are needed. The risks are great physically and symbolically. Not only do you need to have enough money to cover the bets, but you also need to pay for things like rent, software, and more. You need cash to create a wall to defend your business in a high-risk market where "whales" play.

Risks are there in every aspect of life. But yes you need backup wallets to cover your money if a high roller is wise enough to win big and then withdraw it. Most of them just bet again and lose it all. The advantage of owning a casino is that you know the players are going to come back and try to win more and that greed squashes the life out of them instead of giving them more.

So in the long run, the casino is winning. You just have to sustain that short period of losses which can be frustrating at first.

Obviously with the rate of new casinos opening up and announcing their start up here, you would be convinced that it is more lucrative than you will be losing. Despite those winning big, the casino still profit because most likely before you win big you must have played and lost severally and only God knows how much. Therefore, winning big for a gambler might be losing big by another gambler and whichever way you look at it the casino is still in profit. Like even when a casino is hacked and huge sum stolen they are still in business like what happened to stake.

So whatever way we want to look at the expense on running casinos including payment of staff, it will still be profitable to own a casino with the rate of new casinos coming up at least on the platform.

[Wiwo]

Obviously with the rate of new casinos opening up and announcing their start up here, you would be convinced that it is more lucrative than you will be losing. Despite those winning big, the casino still profit because most likely before you win big you must have played and lost severally and only God knows how much. Therefore, winning big for a gambler might be losing big by another gambler and whichever way you look at it the casino is still in profit. Like even when a casino is hacked and a huge sum is stolen they are still in business like what happened to Stake.

So whatever way we want to look at the expense of running casinos including payment of staff, it will still be profitable to own a casino with the rate of new casinos coming up at least on the platform.

The gambling industry have witnessed a lot of inflow of new casinos popping up at some point and it may make it look as if the business is the most lucrative at this point but not knowing that,  running a casino has it many under laying negative impact that if the owner is not careful it can lead him to high loses and operational glitches that could result into heavy loses for the casino.

So to avoid that,  one needs to always have a long-term experience before considering ever venturing into the business,  so to say casino operations are not as easy as many take it to be.

[Oilacris]

Obviously with the rate of new casinos opening up and announcing their start up here, you would be convinced that it is more lucrative than you will be losing. Despite those winning big, the casino still profit because most likely before you win big you must have played and lost severally and only God knows how much. Therefore, winning big for a gambler might be losing big by another gambler and whichever way you look at it the casino is still in profit. Like even when a casino is hacked and a huge sum is stolen they are still in business like what happened to Stake.

So whatever way we want to look at the expense of running casinos including payment of staff, it will still be profitable to own a casino with the rate of new casinos coming up at least on the platform.

The gambling industry have witnessed a lot of inflow of new casinos popping up at some point and it may make it look as if the business is the most lucrative at this point but not knowing that,  running a casino has it many under laying negative impact that if the owner is not careful it can lead him to high loses and operational glitches that could result into heavy loses for the casino.

So to avoid that,  one needs to always have a long-term experience before considering ever venturing into the business,  so to say casino operations are not as easy as many take it to be.

Number of casinos and the current newly launched ones would really be telling you that this is a business which it would really be that a profitable one but of course running one wont really be automatically put you up into the situation that considered to be that successful knowing that there's no such thing about assurance in any business no matter how good or profitable it would be.
You should always consider about the other factors on which it would really be affecting your success rate. Come in mind that competition gets high and there's no way  that you could
really be able to take advantage or go ahead against with those old and reputable ones. Getting your first costumer would really be the toughest thing of all.
If you wont really be making yourself that mindful about it then for sure it would really be that so hard to succeed into this kind of market.

[Dunamisx]

Even this casinos make use of a cold storage to have their money stored because they are not that daft to make use of another centralized exchange to keep people's money including theirs, they make use of the money we are gambling with to secure their own seat as well as in maintaining the casinos because they are also playing the bet on our behalf, there's a certain particular rate or amount they stand to get from what we bet and if won, so at the end, both the gambler and the gambling platforms are all taking the risk together.

[BitDane]

Someone on the internet stated that anyone who really wanted to create a casino needs a fund raging from $50k to more than $20m.  I am no where to have this amount so I just ignore my dream of setting up a casino.

If in case someone has this account and still dream to establish his own casino then I believe reading this article  may help  you. 

It is said that online casino is way cheaper than the land based casino in terms of establishing the operation since there is no need to buy lands and physical machines.  What good in online casino is that one can crowdfund his plan which is easier to do in an online community.

[Nwada001]

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

This is part of the business that I have always considered having, but the challenges of setting them up always make me look at myself as just a dreamer. I start with the fact that I need to have enough money in order to even start dreaming about owning a casino, followed by the fact that I don't have much of the developing skills required to set up a game house as I can't entirely depend on others games and codes to manage my own business. Another thing is the licence and the condition of the business in my  country.
 
Taking the above-listed challenges aside, I forever want to own my own casino. The profits are encouraging, and I always like seeing people come together to have fun, which is also one of the reasons why I desire to own a casino. But since for now I can't afford to own one, I also have a backup plan of being a sponsor and investor/shareholder in a casino company someday, which I will just have to invest my money in, and others will be in charge if the company will generate income for me on a daily basis.

[paxmao]

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 .

Capital is essential to your business's success. Whales are the huge fish every casino wants, but they're also risky because they have a lot of money and gamble a lot. So the house needs to have enough money saved up in case they win big. The balance of spending and return is tough.

The staff and decorations are great, but without money, its a paper house. Yes, using player money as a stopgap is like entering financial muck. Its reckless and can harm your reputation. Opening a casino is enticing, but the money is too much to pass up.

Unbelievable quantities of money are needed. The risks are great physically and symbolically. Not only do you need to have enough money to cover the bets, but you also need to pay for things like rent, software, and more. You need cash to create a wall to defend your business in a high-risk market where "whales" play.

It is quite difficult to create anything from scratch but in my view is even more difficult to enter a market where there are already quite a few incumbents that are well positioned and have a client base that they care for and grow by investing. If you are going to create a new casino, you better have a very good idea on how you intend to disrupt a very stable market - hint, get money ready.

[Hirose UK]

~snip~

~snip~

That is what I am trying to avoid, the failure to pay the customers when I know in the first place that this shouldn't be the case as a business owner that's engaged in the gambling industry. I know what it feels to be as a customer in that position so if I am aware that I don't have the capacity.

Then, I better leave that to those that are able and that's also one reason why I just want to be at the lower tier of the company or organization because that seems to be a tough burden for someone who owns the casino or on a higher level in the office.

I can't do it on my own unlike those that managed to start on their own. However, I think that most of the successful casinos today weren't just built by one single person.

Yes, if we build casino business we as owners have to have great sense of responsibility and always provide whatever is rightfully though it really drains the bankroll in the casino you own.
Many cases like this occur because casino owners don't want to lose large amounts of money but they don't think long term because after failing to pay customers winnings the casino business they own will be destroyed, gamblers trust in the casino will be lost.

It is clear that heavy burden will be felt by a businessman who owns casino because they have to be able to do many things to develop and make this business even bigger, plus they have to bear their own losses if bad things happen and even still pay the team even though there is no income yet.
This is a business of course there are many risks in it, but if you succeed then you will be one of the successful people.

From here I know why you only have desires but prefer to be part of this business because there is not too much risk and you can consistently get income because you are working, not building your own business.

[Bitcoin_people]

Although I currently do not own a casino and have no plans to create a casino site in the future. Although if a few people do such a plan I can think of building a good casino platform in the future but not now. I guess in 2018 to 2019 a lot of people built casinos at that time it was crowded. And there are people who build such casinos and now they have created a very trusted platform that many people now play there. All the casino platforms that exist today are very good and trustworthy, it takes a lot of time to build a trusted casino like this. Although building such a casino is very difficult and involves a lot of money, so this dream can be in one's future if it is built with a few partnerships. Organizing a casino platform is very difficult and requires a lot of money in the bankroll which is not an easy task to build on your own. That's why no one is currently able to build such a casino platform because of the large amount of money rather they are not dreaming of such a thing. All the casinos that exist today are so far ahead that the financial position is so good and people benefit so much from playing there that they don't think about creating their own casino platform for the future.

[Silberman]

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

This is part of the business that I have always considered having, but the challenges of setting them up always make me look at myself as just a dreamer. I start with the fact that I need to have enough money in order to even start dreaming about owning a casino, followed by the fact that I don't have much of the developing skills required to set up a game house as I can't entirely depend on others games and codes to manage my own business. Another thing is the licence and the condition of the business in my  country.
 
Taking the above-listed challenges aside, I forever want to own my own casino. The profits are encouraging, and I always like seeing people come together to have fun, which is also one of the reasons why I desire to own a casino. But since for now I can't afford to own one, I also have a backup plan of being a sponsor and investor/shareholder in a casino company someday, which I will just have to invest my money in, and others will be in charge if the company will generate income for me on a daily basis.

On the surface it may seem fun to own a casino, but when you think about it a little bit more then it is easy to realize how much work it would be, since you will have to develop the website from the ground up as paying someone else to do it for you may allow that person to put backdoors you are not aware about, and this is easier said than done as if you do not do it well then hackers will be able to steal from you and your clients, then we need to add getting the licenses, hiring employees for all the positions needed at the casino and finally you need a huge amount of money as your capital, so it is easy to see that for the majority of those that dream on having their own casino such a dream will probably never materialize.

[DabsPoorVersion]

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

This is part of the business that I have always considered having, but the challenges of setting them up always make me look at myself as just a dreamer. I start with the fact that I need to have enough money in order to even start dreaming about owning a casino, followed by the fact that I don't have much of the developing skills required to set up a game house as I can't entirely depend on others games and codes to manage my own business. Another thing is the licence and the condition of the business in my  country.
 
Taking the above-listed challenges aside, I forever want to own my own casino. The profits are encouraging, and I always like seeing people come together to have fun, which is also one of the reasons why I desire to own a casino. But since for now I can't afford to own one, I also have a backup plan of being a sponsor and investor/shareholder in a casino company someday, which I will just have to invest my money in, and others will be in charge if the company will generate income for me on a daily basis.

On the surface it may seem fun to own a casino, but when you think about it a little bit more then it is easy to realize how much work it would be, since you will have to develop the website from the ground up as paying someone else to do it for you may allow that person to put backdoors you are not aware about, and this is easier said than done as if you do not do it well then hackers will be able to steal from you and your clients, then we need to add getting the licenses, hiring employees for all the positions needed at the casino and finally you need a huge amount of money as your capital, so it is easy to see that for the majority of those that dream on having their own casino such a dream will probably never materialize.

Being serious about achieving your goal is the very first step for someone who has a dream of building up a casino. Actually, it applies to every successful casino and other businesses. If you let yourself be discouraged just by thinking of how hard it will be for you to achieve your dream, start your business from scratch, and do every work on your own, that dream will always stay as a dream. Don't just think of the possible risks and the obstacles you may face in the future, think ahead and plan a possible solution.  

[Z390]

I have such dream too but the necessary things one will need to start this business is something I don't have right now, and if you are not in the right place to start this business it's also dangerous, as you will have to open up to other people, for bringing up this idea will make others believe that you have a lot of money, I am someone who have problem with trust or trusting people.

This is the only issue that could stop me from opening a casino after having all the necessary information needed and also the money, but there is also an issue, you don't want to start a casino without you ever working in a casino before, I have never work in any casino so there for I have no single idea about running a casino, it's going to be a big burden if I do it anyway.

You will also need to hire some professionals too, starting from the casino website creation and also choosing the best and reliable software providers, the thing is you can't always be in every field, even if you are a genius, it will be in a certain area, marketing is also a strong area that needs to be handle carefully, you also need to spend money and give the promotion activities to the right people and finally you will need to get a gambling/casino license.

[milewilda]

~snip~

~snip~

That is what I am trying to avoid, the failure to pay the customers when I know in the first place that this shouldn't be the case as a business owner that's engaged in the gambling industry. I know what it feels to be as a customer in that position so if I am aware that I don't have the capacity.

Then, I better leave that to those that are able and that's also one reason why I just want to be at the lower tier of the company or organization because that seems to be a tough burden for someone who owns the casino or on a higher level in the office.

I can't do it on my own unlike those that managed to start on their own. However, I think that most of the successful casinos today weren't just built by one single person.

Yes, if we build casino business we as owners have to have great sense of responsibility and always provide whatever is rightfully though it really drains the bankroll in the casino you own.
Many cases like this occur because casino owners don't want to lose large amounts of money but they don't think long term because after failing to pay customers winnings the casino business they own will be destroyed, gamblers trust in the casino will be lost.

It is clear that heavy burden will be felt by a businessman who owns casino because they have to be able to do many things to develop and make this business even bigger, plus they have to bear their own losses if bad things happen and even still pay the team even though there is no income yet.
This is a business of course there are many risks in it, but if you succeed then you will be one of the successful people.

From here I know why you only have desires but prefer to be part of this business because there is not too much risk and you can consistently get income because you are working, not building your own business.

When building a business on which similar as this then it is something that you can really be just that careless or confident or simply doesnt really have plans because we do know that this business isnt something
that comes cheap and this is really talking some serious capital on which means that it would really be needing that serious approach or handling.If you dont make some proper planning then you would really be finding for it to be that not much running well or something that could be profitable. It would really be needing several things to be considered for you to be able to handle it out and make it profitable.
Just like on what others been saying that there would be factors need to be followed and on the same time you would really be making your own ways and methods on having that kind of exposure into your
business. You cant really just simply ignore those basic things to have a successful business.

Lots of people or businesman would really be loving on building a casino specially into those gamblers who are really that fully aware on what it is or simply have that kind of idea on what kind of busines
it would be and how it do become that profitable. It is really just that the main issue that running or creating one doesnt come cheap and does really need up some
arrangement which we do know that this would really be talking about huge amounts.

[Fivestar4everMVP]

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

This is part of the business that I have always considered having, but the challenges of setting them up always make me look at myself as just a dreamer. I start with the fact that I need to have enough money in order to even start dreaming about owning a casino, followed by the fact that I don't have much of the developing skills required to set up a game house as I can't entirely depend on others games and codes to manage my own business. Another thing is the licence and the condition of the business in my  country.
 
Taking the above-listed challenges aside, I forever want to own my own casino. The profits are encouraging, and I always like seeing people come together to have fun, which is also one of the reasons why I desire to own a casino. But since for now I can't afford to own one, I also have a backup plan of being a sponsor and investor/shareholder in a casino company someday, which I will just have to invest my money in, and others will be in charge if the company will generate income for me on a daily basis.

On the surface it may seem fun to own a casino, but when you think about it a little bit more then it is easy to realize how much work it would be, since you will have to develop the website from the ground up as paying someone else to do it for you may allow that person to put backdoors you are not aware about, and this is easier said than done as if you do not do it well then hackers will be able to steal from you and your clients, then we need to add getting the licenses, hiring employees for all the positions needed at the casino and finally you need a huge amount of money as your capital, so it is easy to see that for the majority of those that dream on having their own casino such a dream will probably never materialize.

You are wrong with your first assumption, as well as the last, I am not a web developer, and neither do I have any qualifying knowledge with or on codes, but If I decides to start up my own gambling casino, I would, and how.
Simple, hire a very good developer I trust to do the job of building the site from bottom to top, and also without letting him know, I will hire auditors to conduct a comprehensive audit on the code to make  sure there are no backdoors as you have said, in the codes that will grant hackers access into the system, over time as time progresses, I trust that I will find quality developers I can trust to work wit me on the project, and also make them treat the project as their own as well, by paying them handsomely well.

All that matter is having the money, it will only cost money, everything from building the site to hiring of staffs and marketing and so on, it will cost alot of money, and if the money is already available, what next is needed a just a personal decision of whether to proceed or not.

Nothing is too hard to achieve, as long as the resources needed to achieve that thing is already available, same also it is with building gambling casinos.

[Peanutswar]

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.

Establishing one of the biggest earnings right now which is the casino takes a lot of requirement, effort and of course, budget you must need to hire a social media expert, and developer, depending if full stack or a separate team but like other people I hope I can have a business too like gambling of course you can see other people getting entertained with your games plus you love what you are doing included that you are earning too but again not all successful gambling casino will have the same outcome it will depends on the management still ideal if you have the capability to gain more with other if your investment or asset as one of the backup source of income if this casino plan fails.

[Porfirii]

<...>

The gambling industry have witnessed a lot of inflow of new casinos popping up at some point and it may make it look as if the business is the most lucrative at this point but not knowing that,  running a casino has it many under laying negative impact that if the owner is not careful it can lead him to high loses and operational glitches that could result into heavy loses for the casino.

So to avoid that,  one needs to always have a long-term experience before considering ever venturing into the business,  so to say casino operations are not as easy as many take it to be.

Exactly! That's in other words what I tried to say some posts back. The clue is not to have a lot of money yourself to fund the casino, but experience on the specific field if online gambling, maybe working for others until you created your own business.

But, for those with no experience, although it may seem easy to create a new one, because the number of online casinos has grown in the last years and they seem to be profitable, doesn't mean it is in any way. This is not like creating your own website or sales platform. If it was, then there would be millions of gambling platforms and sportsbooks out there, and they are not so many (and well known in this forum, just a few).