How to Open A Casino: Everything a Novice Operator Needs to Know
The gambling industry has always been considered as a profitable business, which with the correct approach, pays off the start-up investments in the shortest possible time.
The rapid development of the gambling market has led to a logical question “How to open an online casino?”. Gaminator Casino experts have gathered comprehensive information about the nuances and peculiarities of gambling projects. We will tell you what means opening a casino, describe in details the main stages of work and offer alternative options for launching a start-up from scratch.
How to Open an Online Casino: A Brief Analysis of The Gambling Market
Games have always been an integral part of human history. But today, experts note a particularly dynamic increase of the gambling industry. Especially the development of entertainment resources in the Network. According to statistics, about 40% of the world’s population uses the services of online gambling locations. This is 17% more than the total number of visits to land-based gambling houses.
The question “How to open an online casino?” is especially relevant due to the following factors:
- A significant nation experiences income growth. The experts noted the world-wide tendency to invest free money in the entertainment and leisure sphere.
- Continuous development of innovative technologies and their availability. If 30 years ago many modern devices seemed to be unattainable fantasy, today, for example, every fifth resident of European countries uses augmented reality glasses.
- Positive changes of moral principles and views on gambling locations as a worthy and safe type of leisure.
- The ability to open a casino on a legal basis, regardless of the prohibitions in a particular state (the availability of offshore zones and foreign jurisdictions that provide special licenses).
Opening a casino is the best opportunity to become the owner of a permanent source of income. If this succeeds, the gambling projects usually pay off in the first six months after the launch. If you look at the statistics, the total turnover of gambling companies in the middle of 2018 exceeded $ 46.2 billion, and this is not the limit. According to the forecasts of the British consulting company H2 Gambling Capital, the level of income of gambling resources will exceed $ 65 billion by 2023.
Is It Worth to Start Your Own Online Casino: Advantages and Disadvantages?
If you decide to open an online casino on your own, you should remember that the launch and subsequent maintenance of the project will be accompanied by significant financial risks. To achieve success and start a really profitable business, a future entrepreneur needs substantial wealth of specific knowledge, a lot of patience and a solid start-up capital.
Before making a final decision and open an online casino, the Gaminator Casino company’s specialists recommend to gauge all the pros and cons:
How to Start a Casino: Merits of the Decision
- The global audience. Online locations are available anywhere in the world.
- The excellent rates of return. The world’s largest player in the network market — Las Vegas Sands. Net annual profit of the establishment at the end of last year amounted to $ 3.59 billion.
- Simplified procedure of company registration. The process of launching an Internet club, in comparison with the opening of a land-based establishment, takes much less time and financial investments.
- Minimum staff expenses. To start your own online casino, it is enough to hire competent developers, marketers and technical support specialists.
- A large selection of entertainment content. In one virtual establishment you can present hundreds of various slot machines and card games. Ensuring the same diversity in a land-based gambling house would require huge areas, a large staff and costly maintenance.
Is It Worth to Start Your Own Online Casino: Deficiencies of the System
One of the main drawbacks of gambling activity is the effect of bans on the organization and running the gambling in many countries.
Difficulties in launching your own project can also be caused by the peculiarities of obtaining a license in offshore zones and solving various legal formalities. For example, in order to apply for a Maltese licence, all documents must be submitted in English. And in the case of buying permission in the jurisdiction of Curacao resource servers should be located outside the country. About these and other features of the collection of documents and purchase of the license you can be consulted at the company Gaminator Casino. We are ready to provide further information, make a detailed strategy and take full legal support of your start-up.
How to Start an Online Casino: The Main Stages of Launching from Scratch
Creating your own business in the gambling industry requires serious preparation and strict adherence to the following recommendations:
Analysis of The Gambling Market Situation
The analytical summary gives an opportunity to assess the situation rationally and examine competitors in detail. Knowledge in this field allows you to identify the most promising trends and to offer in your establishment the best products that can meet all the needs of the audience in future.
For example, a profitable and fast-payback option is to open an online casino with live dealers and elements of augmented or virtual reality.
Another successful trend is a bitcoin casino. According to experts, e-currency is rapidly gaining popularity and shows a sustained growth rate. To run business on cryptocurrency is an opportunity to get full financial freedom from any supervisory bodies and government structures. Manipulations with the digital money are operated almost instantly and are not available for tracking and identification of the process participants. In addition, the absence of fees and the ability to interact with users from anywhere in the world are also available.
Mobile solutions are always popular in the modern gambling market. According to statistics, in 2018 the share of mobile platforms is about 35.7% of total income. And by 2020, the mark will grow to 43-45%.
Business Planning and Aligning the Project Budgets
Opening a casino from scratch always means a solid financial expense in the absence of minimum guarantees for success. Gaminator Casino staff strongly recommend to develop a step-by-step plan with a detailed description of the project technology development and case scenario.
Approximate calculations of the start-up costs:
- Legal-entity registration and purchase of a license in the offshore zone — 20-40% of the start-up capital;
- Purchase of software solutions and technical support of software — about 35-45% of the initial investment;
- Engagement of staff — 10-15% of expenses;
- Payment for marketing services and advertising campaigns — from 45%
It is also necessary to have capital to pay for unforeseen expenses and additional costs. In addition, licensing in foreign jurisdictions envisage a mandatory item of expenditure such as the registration of an account in a banking institution and the payment of an appropriate sum to repay the winnings in the establishment.
Registration of a Legal Entity and The Purchase of Permission
The legal entity registration is the primary stage of settlement of gambling activities. As a rule, the procedure shall consist of the following stages: filing an application for registration in the chosen jurisdiction, opening of an account, signing documents on cooperation with software providers.
To legalize the business, it is recommended to buy a license in one of the well-known foreign jurisdictions. For example: Curacao, Malta, Costa Rica, Isle of Man. In order to receive the detailed information about the features of permits registration, please contact Gaminator Casino.
Purchase of Software Products
Professional licensed software is the best opportunity to attract an audience and keep customers in the establishment. The process of choosing software should be approached with the utmost responsibility.
It is imperative that software to meet the following criteria: functionality and ease of interaction with the platform, multilingual, high speed, availability of mobile format.
Visually attractive and functional interface is the key to the popularity of your virtual establishment. To achieve the maximum level of the audience interest, the site should have the following features: a convenient navigation system, a simple and understandable registration form, the security of the resource, the availability of exclusive content, well-arranged design and a large selection of individual user settings.
Integration of Payment Systems
Gaminator Casino offers a one-size-fits-all solution for your site — the service of the payment system Finstrum integration. The electronic voucher is adapted to the most popular financial resources (for example, there is support for Visa and MasterCard cards, digital wallets “Yandex.Money”, WebMoney and Qiwi).
According to statistics, establishments with the ability to use electronic vouchers Finstrum pay off in 2-3 months from the date of launch.
Marketing Promotion of The Site
The ticket to success of your establishment is a circumspect, carefully structured promotion. Gaminator Casino experts use the latest tools and products with a positive reputation for advertising purposes: SEO-optimization of the resource, e-mailing, SMM, comprehensive advertising campaigns, the introduction of incentive and bonus systems, and much more.
By ordering services at Gaminator Casino, you will receive a qualified comprehensive project support with guaranteed return on investment in record time.
How to Start a Casino: The Best Gaming Content from Gaminator Casino
Our experts will not only answer the question “How to open a casino in a short time?”, but also offer an excellent range of software solutions for filling the site. We cooperate with the world’s leading providers, including:
This is the brand that owns the famous series of slots based on Marvel comics and popular science fiction films. Each creation of the company is the implementation of an ideal design, convenient gameplay and solid winnings.
The company with an impeccable reputation offers a wide range of entertainment content in a variety of topics. Each product combines bright design, amazing atmosphere, attractive bonus system and intuitive understandable management system.
The slots of this corporation stand out against the background of similar proposals with highly original plot twists and non-standard visual design. Slots instantly focus players attention and receive wide public acceptance in more than 70 countries around the world.
This is one of the leading players in the global gambling market. In addition to impeccable quality and the introduction of innovative technologies in gaming solutions, the company became famous for the release of a popular series of slots based on fantastic films.
One of the most popular providers known in the CIS countries. Having started its work in the field of providing offline locations, the concern rather quickly found its niche in the online market and reached the international level.
How to Open an Online Casino: Alternative to Starting from Scratch
Creating a start-up from scratch is the most expensive and difficult way. In addition to the services of developers and designers, a novice operator will have to buy a license and enter into contracts with software suppliers. It should be noted that popular providers are extremely reluctant to cooperate with new companies.
Alternative opportunities to start a gambling business:
- To purchase casino script. Very cheap option, but the attempting to make savings cause not only additional expenses, but also a complete collapse. In fact, the entrepreneur buys a “raw” code that needs to be adapted to the platform, video slots, payment systems, etc.
- White Label. This is an affiliate program that allows you to use a ready-made set of solutions and tools to run business activities. All the operator needs to do is create his own design and promote the project. Cost-effective system for entrepreneurs with limited start-up capital. The only disadvantage is complete dependence on corporate parent.
- Turnkey casino purchase. The most practical and popular option that allows you to realize the most daring and original ideas. Using the service of development of a turnkey resource, you put almost all the work on the intermediary company’s shoulders: from design to purchase of a domain name, integration of software and registration of a license.
How to Open an Online Casino with Gaminator Casino
The Gaminator Casino company provides licensed software, affiliate programs, innovative marketing tools and a comprehensive set of solutions for technical and legal support for sale.
We offer software for the development of start-ups of any format: online casinos, poker rooms, establishments with the live broadcast, betting shops, bingo halls and lotteries. The best solutions from leading providers are available.
Our staff will provide you detailed information on all the nuances of collecting the documents, license purchase, installation of payment systems, partner projects and entertainment content. We offer not only a ready-made software, but also provide services for the development of unique video slots on HTML5 technology.
In the matter of costs for services, software purchases and other aspects of cooperation, please contact: