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Author Topic: Have your own casino.  (Read 1452 times)
junder
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November 15, 2023, 07:16:02 PM
 #241

I think there is also a point, even if you have enough money or more to build a casino it does not guarantee the absence of knowledge of gambling systems. And it is possible to recruit other people to become a team, but I don't think in the direction you said. not at all thought in that direction. It is possible that because of the large amount of money we can invite others to cheat us, instead of being able to operate the gambling system. And when we pay them to work together but they mistakenly become a problem again in the future.

Even if you want to hire professionals to help you start or run the casino, having a basic knowledge will be an added advantage. Having prior knowledge will reduce waste and scams because some of these professionals are not trustworthy. Mentorship or apprenticeship should be a good means to gaining experience on how to run a casino. Some people seek to gain experience in a business by working in the sector. I have seen people that gain experience working in a successful business. So it is not out of place to locate a successful casino and spend time learning how the business is run. The gambling industry is complicated which means that owners should have some basic skills of how to operate it.

It is very important that when we personally know about gambling and have the experience in it management, we can be able to work and control all employees that works as developers under us because we already know what they should be upto, when we have an idea, we won't be decieved by anyone, this is very important that before we begin our own casino business, we should seek for having a practical field experience in it for an effective management.

With the experience we have, it will be an important factor to start a casino business which of course is a big business, with the fact that casinos are a big business that cannot be run with just one person so of course we need other people as employees with expertise in their fields to help develop the casino business that will be started, of course this big business also has a big risk that will certainly be experienced, whether it's complaints from players or others. So as much as possible we must be able to face the risks that will come well and not harm the casino business.

And also need strict supervision of the people we will make as employees, do not easily trust other people who have just been introduced because they do not know what their intentions will be in the future which can change at any time. So it's true that you said the importance of experience that must be possessed to open a casino which is a big business.

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Westinhome
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November 15, 2023, 08:40:01 PM
 #242


With the experience we have, it will be an important factor to start a casino business which of course is a big business, with the fact that casinos are a big business that cannot be run with just one person so of course we need other people as employees with expertise in their fields to help develop the casino business that will be started, of course this big business also has a big risk that will certainly be experienced, whether it's complaints from players or others. So as much as possible we must be able to face the risks that will come well and not harm the casino business.

And also need strict supervision of the people we will make as employees, do not easily trust other people who have just been introduced because they do not know what their intentions will be in the future which can change at any time. So it's true that you said the importance of experience that must be possessed to open a casino which is a big business.

Gaining the experience to the gambling was more important one to begin the gambling site or casino.All the gambling site owner was the gambler in his past,using their experience the gambler starting their business in gambling.So building carrier important one was developing skill for the business was the important one.You should also employee the gamblers to your sites and ask their experience into the gambling.

If you are going to start the casino or gambling site,the developer should have the experience in the gambling sites or he should hold the experienced person in his team.The developer should have strict in employment of the workers to the gambling sites.So he will have good team to build the gambling sites and get the unique gambling site to the market.

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November 15, 2023, 09:50:01 PM
 #243

I think there is also a point, even if you have enough money or more to build a casino it does not guarantee the absence of knowledge of gambling systems. And it is possible to recruit other people to become a team, but I don't think in the direction you said. not at all thought in that direction. It is possible that because of the large amount of money we can invite others to cheat us, instead of being able to operate the gambling system. And when we pay them to work together but they mistakenly become a problem again in the future.

Even if you want to hire professionals to help you start or run the casino, having a basic knowledge will be an added advantage. Having prior knowledge will reduce waste and scams because some of these professionals are not trustworthy. Mentorship or apprenticeship should be a good means to gaining experience on how to run a casino. Some people seek to gain experience in a business by working in the sector. I have seen people that gain experience working in a successful business. So it is not out of place to locate a successful casino and spend time learning how the business is run. The gambling industry is complicated which means that owners should have some basic skills of how to operate it.

It is very important that when we personally know about gambling and have the experience in it management, we can be able to work and control all employees that works as developers under us because we already know what they should be upto, when we have an idea, we won't be decieved by anyone, this is very important that before we begin our own casino business, we should seek for having a practical field experience in it for an effective management.

With the experience we have, it will be an important factor to start a casino business which of course is a big business, with the fact that casinos are a big business that cannot be run with just one person so of course we need other people as employees with expertise in their fields to help develop the casino business that will be started, of course this big business also has a big risk that will certainly be experienced, whether it's complaints from players or others. So as much as possible we must be able to face the risks that will come well and not harm the casino business.

And also need strict supervision of the people we will make as employees, do not easily trust other people who have just been introduced because they do not know what their intentions will be in the future which can change at any time. So it's true that you said the importance of experience that must be possessed to open a casino which is a big business.

If someone feels good to start a casino business, then they have to understand all the necessary requirements that is needed to take note of before the start, everything has to be planned for, because things will not just work out by mere saying them with mouth, we also have to work them out, it's demanding and also a challenge to face every of it demands, but it's really worth it when we are determined to give it all it takes to have a successful business enterprise in the gambling sector.



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November 16, 2023, 04:46:32 PM
 #244

Many people who are involved in gambling or casino will have a dream to have their own casino but to make a casino requires a huge amount of money, huge amount of money as well as enough security that is why many people do not fulfill their dream of building their own casino. I've been gambling for a long time, sometimes I think if I had a casino like this I might be able to manage gambling better but now I don't worry too much about what's more likely not to happen. I am happy to gamble in other's casinos, I take gambling as fun so even if I don't have my own casino there is no problem.
I think owning a casino can be very expensive especially paying the programmers that would do the job and also creating a trusted team that can deliver a nice job. Gambling platform make a lots of money from us but we might not know because there are different ways they make money which may be unknown to us. Nit everyone can own a casino just like we know that nit everyone can have their own business and own a company. Since not everyone can own a casino then we will have not option than to bet using the available casinos when it is a fiat one we are interested in or cryptocurrency casinos.

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November 16, 2023, 06:57:10 PM
 #245

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.

I never even imagined it this way, even when I knew about the possibilities, but yet I still did not think of how I could make my desire come true by just gathering the required amount and also the knowledge you just shared, which is essential.
 
I have read about how most people who are CEOs of some tech companies really don't know much about development. All they do is just gather the idea and have the finance, and then they can gather the developers who can do the job perfectly for them.

Then again, in the aspect of security and trust, you also nailed it with the invitation of external auditors who can also cross-check how secured the data is or if there is any form of favouritism in the coding that could benefit the developer. This is one of the things that we do also on account data's, but still having a little developing and coding knowledge will really be an added advantage to the person.

R


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November 16, 2023, 06:59:38 PM
Last edit: November 16, 2023, 07:19:25 PM by Oilacris
 #246

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.

I never even imagined it this way, even when I knew about the possibilities, but yet I still did not think of how I could make my desire come true by just gathering the required amount and also the knowledge you just shared, which is essential.
 
I have read about how most people who are CEOs of some tech companies really don't know much about development. All they do is just gather the idea and have the finance, and then they can gather the developers who can do the job perfectly for them.

Then again, in the aspect of security and trust, you also nailed it with the invitation of external auditors who can also cross-check how secured the data is or if there is any form of favouritism in the coding that could benefit the developer. This is one of the things that we do also on account data's, but still having a little developing and coding knowledge will really be an added advantage to the person.
We do love a business which we know that it is really that profitable, it is really just that doesnt come cheap.  Cheesy. We do know that this industry is never been that small.You could really be able to
tell that you would really be loving on having but we know that it wont really be that cheap and its something that not all would be able to have.If ever you do have that kind of opportunity
then of course you wont really be that letting it slip or go since we know that on how profitable this business is. It is really just that normal that you would really be needing up
that kind of basic knowledge on how to run a business something like this. You cant really just that make yourself run a business without even having that basic
knowledge on how to handle it. Of course it should be in line with your passion and interest.

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November 16, 2023, 07:46:22 PM
 #247


If someone feels good to start a casino business, then they have to understand all the necessary requirements that is needed to take note of before the start, everything has to be planned for, because things will not just work out by mere saying them with mouths, we also have to work them out, it's demanding and also a challenge to face every of it demands, but it's really worth it when we are determined to give it all it takes to have a successful business enterprise in the gambling sector.
The problem with a gambler operating a gambling business will only arise if he doesn't know how to manage the business very well since gambling is like every other business if you allow too much personal involvement,  you may end up harming the business in the end of the day, so the best thing to do is to conclude whether you run the business yourself or you employ a manager for the business and you operate as a supervisor and also as a customer of the casino and not owners.


This way you have proper check and financial records of the inflow, and also among another thing to get along the way is the have the technical knowledge of the whole process of what it takes to run an effective and successful casino because that line of business is high risk so it requires a lot of preparations.

R


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November 16, 2023, 08:16:50 PM
 #248

The problem with a gambler operating a gambling business will only arise if he doesn't know how to manage the business very well since gambling is like every other business if you allow too much personal involvement,

You're not talking about a gambler but an addict. These are different. You can be a gambler and not an addict, and you can be an addict, but not a gambler. Wink
It's like you're trying to give business advice to someone you don't know, who hasn't even started this, but try to think of possible problems that may never arise.
Calm down about it, he's either going to make it, or not and will face a lot of problems along the way that you'll never be able to predict.

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November 16, 2023, 09:40:26 PM
Last edit: November 16, 2023, 10:04:21 PM by Sandra_hakeem
 #249

You're not talking about a gambler but an addict. These are different. You can be a gambler and not an addict, and you can be an addict, but not a gambler. Wink
I wasn't able to decipher anything in what you said...
Did you actually say "you can be an addict but not a gambler"?? How's that possible?? I don't get..? What's the addiction about if not gambling??

it's also very abnormal to have such an ambition as an addict - no matter how interesting the idea might look, there's every tendency that the casino doesn't even last the next few weeks...

Sandra 🧑‍🦰

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November 16, 2023, 09:48:12 PM
 #250

I think there is also a point, even if you have enough money or more to build a casino it does not guarantee the absence of knowledge of gambling systems. And it is possible to recruit other people to become a team, but I don't think in the direction you said. not at all thought in that direction. It is possible that because of the large amount of money we can invite others to cheat us, instead of being able to operate the gambling system. And when we pay them to work together but they mistakenly become a problem again in the future.

Even if you want to hire professionals to help you start or run the casino, having a basic knowledge will be an added advantage. Having prior knowledge will reduce waste and scams because some of these professionals are not trustworthy. Mentorship or apprenticeship should be a good means to gaining experience on how to run a casino. Some people seek to gain experience in a business by working in the sector. I have seen people that gain experience working in a successful business. So it is not out of place to locate a successful casino and spend time learning how the business is run. The gambling industry is complicated which means that owners should have some basic skills of how to operate it.

It is very important that when we personally know about gambling and have the experience in it management, we can be able to work and control all employees that works as developers under us because we already know what they should be upto, when we have an idea, we won't be decieved by anyone, this is very important that before we begin our own casino business, we should seek for having a practical field experience in it for an effective management.

With the experience we have, it will be an important factor to start a casino business which of course is a big business, with the fact that casinos are a big business that cannot be run with just one person so of course we need other people as employees with expertise in their fields to help develop the casino business that will be started, of course this big business also has a big risk that will certainly be experienced, whether it's complaints from players or others. So as much as possible we must be able to face the risks that will come well and not harm the casino business.

And also need strict supervision of the people we will make as employees, do not easily trust other people who have just been introduced because they do not know what their intentions will be in the future which can change at any time. So it's true that you said the importance of experience that must be possessed to open a casino which is a big business.

Starting a casino business is as interesting as having every necessary and required details of how to go about doing it without being misled or misguided, there are many things in demands from us to do this if we are truly ready to give it all it takes, we also have to maintain a strict business ethics in a work environment under a coordinated atmosphere, financial demands is inclusive for us to know that such could be what will lead to it sustainability, if you want to see it always running like other casinos.



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November 17, 2023, 05:02:36 AM
 #251

Many people who are involved in gambling or casino will have a dream to have their own casino but to make a casino requires a huge amount of money, huge amount of money as well as enough security that is why many people do not fulfill their dream of building their own casino. I've been gambling for a long time, sometimes I think if I had a casino like this I might be able to manage gambling better but now I don't worry too much about what's more likely not to happen. I am happy to gamble in other's casinos, I take gambling as fun so even if I don't have my own casino there is no problem.
I think owning a casino can be very expensive especially paying the programmers that would do the job and also creating a trusted team that can deliver a nice job. Gambling platform make a lots of money from us but we might not know because there are different ways they make money which may be unknown to us. Nit everyone can own a casino just like we know that nit everyone can have their own business and own a company. Since not everyone can own a casino then we will have not option than to bet using the available casinos when it is a fiat one we are interested in or cryptocurrency casinos.
Everything related to casinos is quite expensive, fast servers are needed as players want to have a website that loads as fast as possible, you need customer support, coders, game providers and security experts which can deal with the many attacks your casino will suffer coming from hackers, so when you think about it a casino is probably one of the most expensive business a person can plan on creating, which explains why only those that have millions of dollars in resources try to do so now.
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November 17, 2023, 06:37:22 AM
 #252

I think there is also a point, even if you have enough money or more to build a casino it does not guarantee the absence of knowledge of gambling systems. And it is possible to recruit other people to become a team, but I don't think in the direction you said. not at all thought in that direction. It is possible that because of the large amount of money we can invite others to cheat us, instead of being able to operate the gambling system. And when we pay them to work together but they mistakenly become a problem again in the future.

Even if you want to hire professionals to help you start or run the casino, having a basic knowledge will be an added advantage. Having prior knowledge will reduce waste and scams because some of these professionals are not trustworthy. Mentorship or apprenticeship should be a good means to gaining experience on how to run a casino. Some people seek to gain experience in a business by working in the sector. I have seen people that gain experience working in a successful business. So it is not out of place to locate a successful casino and spend time learning how the business is run. The gambling industry is complicated which means that owners should have some basic skills of how to operate it.

It is very important that when we personally know about gambling and have the experience in it management, we can be able to work and control all employees that works as developers under us because we already know what they should be upto, when we have an idea, we won't be decieved by anyone, this is very important that before we begin our own casino business, we should seek for having a practical field experience in it for an effective management.

With the experience we have, it will be an important factor to start a casino business which of course is a big business, with the fact that casinos are a big business that cannot be run with just one person so of course we need other people as employees with expertise in their fields to help develop the casino business that will be started, of course this big business also has a big risk that will certainly be experienced, whether it's complaints from players or others. So as much as possible we must be able to face the risks that will come well and not harm the casino business.

And also need strict supervision of the people we will make as employees, do not easily trust other people who have just been introduced because they do not know what their intentions will be in the future which can change at any time. So it's true that you said the importance of experience that must be possessed to open a casino which is a big business.

Starting a casino business is as interesting as having every necessary and required details of how to go about doing it without being misled or misguided, there are many things in demands from us to do this if we are truly ready to give it all it takes, we also have to maintain a strict business ethics in a work environment under a coordinated atmosphere, financial demands is inclusive for us to know that such could be what will lead to it sustainability, if you want to see it always running like other casinos.

Honestly I myself cannot understand with ""Starting a casino business is as interesting as having all the necessary and necessary details on how to do it without being misled or misled" that you said, can you explain more specifically? so that I myself can understand it.

Because casinos are related to money, and money has an important role in this. of course this is a guide to what the future will be like, because all casinos must deal strongly with money because in every game related to money so there must be money that must be paid for the winners who gamble. if you don't pay the player's winnings, the casino will be labeled bad by the players, they can also spread information regarding their winnings that are not paid by the company and will spread bad rumors about the casino that has cheated them. Even I myself have experienced this, I once got a win but when I cashed it I waited a long time until there was no response at all from the casino. So the role of money in the casino will determine the future for the casino.

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November 17, 2023, 07:15:38 AM
 #253

But the main thing to maintain your customer is you need to be active in terms of technical problem cause once you solve easily and fast then for sure many gamblers will come and play.
That's the most important thing for any business is to keep the customers satisfied so that they don't leave and always use the products and services of this business only and that's a challenging thing to do for any business because it's not that easy to satisfy every customer and there will surely be problems along the way. However, if a business can manage to satisfy the majority of its customers, they will still be on the positive side and the business will stay profitable.

For a casino to do that, they will have to provide the best services, especially customer service should be top-notch, as you said, so that a customer who complains about something should get that issue resolved pretty quickly before they start getting frustrated and leave the platform for another one. Other than that, games, quality and user-friendliness of the platform, and many other small things can matter like the UI of the platform, etc.

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November 17, 2023, 07:25:37 AM
 #254

I feel like establishing gambling business is very tough ride because legal procedures are very heavy to beat. But if I had casino, I would love to enjoy it every night. I would like to watch people having fun, getting some drinks. I always liked the idea of making people entertained.
It definitely is a tough ride, I assume that the casino license is just like getting a normal business license so that means that there is a possibility that getting one is going to be overwhelmed with paperwork so a lot of trips to the government agency that will handle the issuance of the license plus there is probably a capital or a payment for the licensing right? That is just the license part is already tedious and then you have to choose the location of your casino, find employees and manage the daily operations which is labor intensive and definitely mentally draining for the owner unless they have a partner or there is a manager that will shoulder some of the burden. Maybe if someone really is ambitious, they might be able to materialize the dream of having their own casino but if they are not then it will continue to just be a dream. To answer OP's question, I do dreamt of having my own casino, it is an easy money business and at the same time the house always wins so it is not that bad of a dream at all to have, it is not like you are planning to materialize it so there is nothing wrong with dreaming of having to own a casino.



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November 17, 2023, 07:38:09 AM
 #255

A sort of dreaming to have running casino registered under my name since imagine that you could potentially earn a lot of money for running a global business like this. But when waking up on reality I say I don't have enough money to launch the whole operation sin e it cause a lot of money to make a casino successful. Since if we just create a casino without doing anything for sure those gamblers would provably go with other casino which can give them better offers and launch a lot of marketing.
Own your own casino? I hope that when I do, it doesn't show that I own the casino. Preferring to stay behind the scenes and let others not know about it. But do you mean an online or offline casino? Here I would prefer to have an online casino that operates widely, maybe the rules are not much different from the casino I use such as only accepting crypto payments. Using fiat is definitely not a good option amid high casino taxes and most countries consider it Illegal.

Just wondering how much does it cost to build an online casino, such as hiring developers, promoters, etc well never thought of this business before. This business is definitely very lucrative, especially since you can become famous and sponsor big events or sponsor soccer clubs.

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November 17, 2023, 02:18:22 PM
 #256

But the main thing to maintain your customer is you need to be active in terms of technical problem cause once you solve easily and fast then for sure many gamblers will come and play.
That's the most important thing for any business is to keep the customers satisfied so that they don't leave and always use the products and services of this business only and that's a challenging thing to do for any business because it's not that easy to satisfy every customer and there will surely be problems along the way. However, if a business can manage to satisfy the majority of its customers, they will still be on the positive side and the business will stay profitable.

For a casino to do that, they will have to provide the best services, especially customer service should be top-notch, as you said, so that a customer who complains about something should get that issue resolved pretty quickly before they start getting frustrated and leave the platform for another one. Other than that, games, quality and user-friendliness of the platform, and many other small things can matter like the UI of the platform, etc.
The casino owner and casino team will definitely provide the best service to their customers because they understand that if the customers are satisfied, the business will continue to operate and provide even more profits. The casino will also get a good position so that it can become a casino that many members trust and they will spread the link to many social media to help promote the casino. By creating their own casino, casino owners can make more profits, and that means they will earn a lot of money from their casino.

This is what casino owners who have been successful in running their casinos have done. If you want to build your casino, you have to prepare all the plans and also the capital to build the casino because it is a lot of money. That's what makes only a few people able to build a casino because a lot of capital hampers them.

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November 21, 2023, 05:37:25 AM
 #257

A sort of dreaming to have running casino registered under my name since imagine that you could potentially earn a lot of money for running a global business like this. But when waking up on reality I say I don't have enough money to launch the whole operation sin e it cause a lot of money to make a casino successful. Since if we just create a casino without doing anything for sure those gamblers would provably go with other casino which can give them better offers and launch a lot of marketing.
Own your own casino? I hope that when I do, it doesn't show that I own the casino. Preferring to stay behind the scenes and let others not know about it. But do you mean an online or offline casino? Here I would prefer to have an online casino that operates widely, maybe the rules are not much different from the casino I use such as only accepting crypto payments. Using fiat is definitely not a good option amid high casino taxes and most countries consider it Illegal.

Just wondering how much does it cost to build an online casino, such as hiring developers, promoters, etc well never thought of this business before. This business is definitely very lucrative, especially since you can become famous and sponsor big events or sponsor soccer clubs.
I would imagine that at minimum a few millions of dollars are needed to create your own casino as not only the expenses are huge but the need for capital is also very high, as a casino needs to have money to pay their clients in the case they win, and if the capital they destined towards this was too small they will have to either offer very low maximum limits to their clients or increase their risk of bankruptcy above zero, and neither of those two options seem appealing to me.
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November 21, 2023, 06:08:03 AM
 #258

~
Sincerely, I did be lying if i say that i am not surprised by what you said, first time i am coming across someone like you, you don't want to work, and you don't want to own a business, then what exactly do you do for a living?
You're blowing this way out of proportion because I just said I don't want to work in my business or even owning one because it's tedious, can you really not believe that there's a person out that doesn't have the aspiration to be an entrepreneur? You're in for a surprise then and you should learn not to have the expectations that everyone's the same as you.
~
For i know that, just investing in cryptocurrencies can't give one the immediate money for day-to-day expenditures.
Trading as well does bring in good profit and money if the trader knows what he or she is doing, but like you said, you just want to have your free time, trading from my personal experience is one of the most time-consuming activities that anyone can engage in, so this is probably not for people like you.

How about gambling? There is no consistent winning in gambling; gambling is not something someone can depend on, as there will be times when you will need money so urgently, and you can't get it through gambling, in fact, that may be the time you even end up losing the most.

So, if someone just wanna have free time all day, how will such a person become a big person in life, if you don't want to work, and you don't want to own a business, what then do you want to do? and something you don't even understand is that, aside the heavy competition at the moment, owning a gambling casino is one of the most lucrative business anybody can build for him or herself.
No I am not reliant on my crypto investments or anything like that, I have a work that I love because of the hours and the free time that I get is just that fine for me, you guys never know what contentment is so you can't fathom that there's a person that can live like this. I am not gambling that much my guy, again, you're comparing me to yourself as if you're the model citizen for everyone to follow. To make things clear for you, I am a salaryman, I enjoy my free time and I am content with all I have right now and if things improve then so be it but right now, no aspirations to be a business owner.



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November 21, 2023, 06:58:01 AM
 #259

I would imagine that at minimum a few millions of dollars are needed to create your own casino as not only the expenses are huge but the need for capital is also very high, as a casino needs to have money to pay their clients in the case they win, and if the capital they destined towards this was too small they will have to either offer very low maximum limits to their clients or increase their risk of bankruptcy above zero, and neither of those two options seem appealing to me.
The first is that just setting it up requires very large amount of money and when the casino has been established until it is launched publicly, the owner has to pay the team salaries even though they cannot make much money at the start of opening the business.
Secondly, the owner has to put a certain amount of money in the casino bankroll to pay for each of their customers winnings, not to mention problems such as customer fraud and having to deal with taxes and other things related to licensing.
It is not easy to set up casino and not everyone can actually have successful casino, just look at quite number of casinos that have gone bankrupt and they have even lost income because they lost in competition with other casinos that have sprung up.

Having the thought of building business is an advanced thought and can also make someone more responsible, but not everyone can make it happen.

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swogerino
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November 21, 2023, 09:15:51 AM
 #260

A sort of dreaming to have running casino registered under my name since imagine that you could potentially earn a lot of money for running a global business like this. But when waking up on reality I say I don't have enough money to launch the whole operation sin e it cause a lot of money to make a casino successful. Since if we just create a casino without doing anything for sure those gamblers would provably go with other casino which can give them better offers and launch a lot of marketing.
Own your own casino? I hope that when I do, it doesn't show that I own the casino. Preferring to stay behind the scenes and let others not know about it. But do you mean an online or offline casino? Here I would prefer to have an online casino that operates widely, maybe the rules are not much different from the casino I use such as only accepting crypto payments. Using fiat is definitely not a good option amid high casino taxes and most countries consider it Illegal.

Just wondering how much does it cost to build an online casino, such as hiring developers, promoters, etc well never thought of this business before. This business is definitely very lucrative, especially since you can become famous and sponsor big events or sponsor soccer clubs.
I would imagine that at minimum a few millions of dollars are needed to create your own casino as not only the expenses are huge but the need for capital is also very high, as a casino needs to have money to pay their clients in the case they win, and if the capital they destined towards this was too small they will have to either offer very low maximum limits to their clients or increase their risk of bankruptcy above zero, and neither of those two options seem appealing to me.

That is true and people who own a casino knows that is true and also they know that even if people win big and they start by losing million of dollars to pay their customers,after that more million dollars will come flowing to them to make the business create huge residual income for the owners.People who want to start a casino having only small capital usually don't end well,with scamming or going bankrupt and not being able to pay their customers,so in order to own your own casino you have to have a huge initial budget.

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