Online Gambling Business
#1
How easy it is to set up and run your own online casino? The answer is probaly not very but the idea intrigues me nevertheless. What kind of capital is absolutely necessary to start one up and what kind of requirements would need to be met? Is it possible to start up a tiny tiny business with almost no over heads? Or does one need to invest in very highly developed gaming software from the word go? Any ideas? Is this a complete pipe dream for most people?
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#2
(05-21-2019, 06:52 AM)lamproyal Wrote: How easy it is to set up and run your own online casino? The answer is probaly not very but the idea intrigues me nevertheless. What kind of capital is absolutely necessary to start one up and what kind of requirements would need to be met? Is it possible to start up a tiny tiny business with almost no over heads? Or does one need to invest in very highly developed gaming software from the word go? Any ideas? Is this a complete pipe dream for most people?



Hawkzer, the bigger issue may be of a legal nature. Most online gambling businesses reside off shore for legal reasons. I've been noticing in the news recently that congress is considering a total ban.
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#3
Trust is a big factor, I understand there's a special random number generator that doesn't have the predictability of many standard psudo random generators.
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#4
I've been a consultant to the online gaming industry since 1996 - unless you have a few million to spare right now, the time is past for the small entrepreneur to get in the industry. You can't get payment processing unless you are in a licensed jurisdiction, and a license will set you back at least 250k.
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#5
(05-21-2019, 06:53 AM)lamproyal Wrote: I've been a consultant to the online gaming industry since 1996 - unless you have a few million to spare right now, the time is past for the small entrepreneur to get in the industry. You can't get payment processing unless you are in a licensed jurisdiction, and a license will set you back at least 250k.

It is legal in most countries, and look for it to be legal in Nevada, and several other states shortly - most land based companies already have their partnerships in place with the larger online companies, ready for the US licensing to start. More Info here https://multi-programming.com/the-white-label-solution-to-start-your-online-gambling-business
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#6
Earlier people play the game for only entertainment but now they converted their interest in money. By the way, I am also gaming fan and often use to play betting at https://esportzbet.com/ where you not only enjoy games but you can place a bet on your favorite games here. For more detail please review this post.
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