Why internet casino business ?
Online casino business is a very lucrative business. Although owning a casino is out of reach for most entrepreneurs, starting an online casino can be within your reach. With a starting budget and a own online casino business plan, it is easy for anyone to start and own online casino and to earn money from gambling. If this sounds like a business for you, follow those instructions to be sure are You able or not to handle with this...
How much money is involved in online casino business ?
Ok, You understand that internet casino business, is very profitable and it would be in next xxx years. Why? There are many reasons, from those quite trivial like that people would like more to gamble in privacy and comfort of their own room up to legal reasons but more about that later.
The authoratative industry overview is the Internet Gambling Report (X) 2008, by Anthony Cabot
Another introductory book to the industry is the The Online Gambling Market Research Handbook 2003, by Terri C. Walker
The Trade Journal for the industry is Internet Gaming International, published monthly
Online casino business is a very lucrative business. Although owning a casino is out of reach for most entrepreneurs, starting an online casino can be within your reach. With a starting budget and a own online casino business plan, it is easy for anyone to start and own online casino and to earn money from gambling. If this sounds like a business for you, follow those instructions to be sure are You able or not to handle with this...
How much money is involved in online casino business ?
Ok, You understand that internet casino business, is very profitable and it would be in next xxx years. Why? There are many reasons, from those quite trivial like that people would like more to gamble in privacy and comfort of their own room up to legal reasons but more about that later.
The Internet Gambling or Online Casino business is currently the fastest growing business in the world. Revenue for year 2006 was estimated at over USD $8-9 Billion. 2008 was estimated at USD $12 Billion, it is estimated by 2010 to be USD $15-18 Billion.
There are currently well over 2400 internet casinos in operation at the time of writing of this website.
How to start with own online casino business ?
In short terms there are basicaly 3 ways for start own casino:
1) Design and implement all SOFTWARE for an internet casino and E-commerce. Keep in mind this costs millions of US Dollars. Also necessary is a gaming license to run a casino, which requires approvals from most governments. This too, does not come inexpensively. However, one has full control of the site, and full knowledge of the software source code. In addition, no royalties are paid out to a software development company.
2) Become a Licensee of an Online Gambling Software Provider. This is a far less expensive option and the client receives all the software and sometimes even the equipment necessary. It is also the most popular option for both licensed land-based establishments as well as entrepreneurs. Costs range from USD $ 30,000 to USD $ 350,000 (some ask as high as USD $1 Million). The average licensing fees are around USD $150,000 (this usually includes marketing costs). In most cases a royalty is paid to the software provider as a percentage of the monthly "take" or "drop" (gross profit). Usually the software provider has payment processing (merchant account providers) already set up for a turnkey operation. The Licensing Section lists the software companies that can provide this for you.
3) Become a Sublicensee of a Licensee for online casino. This is the least expensive option. Costs range from USD $ 0 to USD $ 60,000. Being an affiliate is basically the same thing as being a sublicensee with no up front costs. The sublicensee must do all the marketing and receives a smaller percentage than a full licensee (2), because royalties paid to the licensee are much higher. The Sublicensing Section lists Online Casino Software Licensees that are willing to provide this.
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