Showing posts with label own a online casino. Show all posts
Showing posts with label own a online casino. Show all posts

Own online casino



Owning a online casino is very attractive and lucrative business for past 10 years and every day it becomes more and more profitable and in same time more "attractive". Year 2012 will be the boost of this industry.

Online casino business is expensive to start with, but due to hight return of investment it usualy worth every cent invested in starting this business, and initial investment can be paid for 6-12 months.




Steps to start own casino


What do You need to start own online casino?



- Write a business plan for your online casino business. This is always the best place to start with any venture. Write down you plans for how you will manage and grow your business, how it will be advertised, and what you plan to do if common challenges emerge.


- Select a location for your business. Choose a country that offers gambling licenses for operating an online casino. You can find more information on each of these countries by visiting the “Gambling Licenses” website that is listed in the Resources section. Apply for the casino license as part of the process of forming your business in that country.


- Choose a software package to manage your online casino. There are many casino software packages available, featuring a variety of casino games. Microgaming, Playtech and Cryptologic are the three largest options for online casino software. Links to these companies have been placed in the Resources section for your convenience.


- Determine what payment mechanisms your casino will offer. This is an essential part of your business, because it is how customers place money into the account at your casino, as well as how they will be paid if they win. Credit Card billing, Western Union and Bank Transfers are common options. Most transactions, however, are made through alternative payment methods, such as click2pay.


- Develop an advertising strategy to let people know about your own online casino. When you were writing the business plan in Step 1, you should have included a budget for advertising campaigns. Find advertising mediums that work within your budget, such as print advertising, television, radio and online advertising.




Online Casino software platforms and developers



I will review every online casino gaming platform on the market and will post so You can choose depending on technical aspects of casino software, licencing, start up casino price, and much other important facts that you need to know if you thinking about own online gambling business.


- own Ace media casino








Why online casino business

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 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.





  • 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






  • 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.



    In reality of online casino business, options 2 and 3 are usually seen.

    Own poker site

    I am in process of gathering informations about owning poker room, in mean time, until i finish and post informations about that feel free to read some own online casino informations for free on my bog which can realy help You in starting an online casino.


    Here like with online classic casinos you can develop own software and online casino infrastructure or can be sub licensed by some bigger player, more info about owning personal poker room, business plans, potential profits etc will came soon.

    Owning Ace Media online casino

    Today I will write about another one online casino developer, called Ace Media. Here how Ace Media describes their casino software:

    "Ace Media provides innovative and unique turnkey solutions for entrepreneurs and gaming corporations who want to provide their players with a variety of eye-catching, state-of-the-art 3D casino and multi-player poker games all built on a secure, stable and scalable hi-tech gaming platform. We also provide information on how to start your own online casino, sportsbook and multi-player poker online gaming business, which is one of the most booming and profitable industries on the Internet today. 
    Revenues in online gaming business rose from only $800 million to over $2 billion in 1999. By year 2010, it is estimated that online gambling industry will top over $18 billion in revenues. London-based Merrill Lynch analyst Andrew Burnett says online gambling business could generate more than $177 billion in revenues by 2015. $100 billion will come from online sports betting.
    The popularity of online gambling is increasing rapidly and this year has seen significant growth in Europe, Asia and South America. In China and Malaysia, there are twice as many online gamers as there are Internet shoppers. China is predicted to overtake South Korea in 2008 and become the largest online gaming market in Asia-Pacific region.
    As Internet use spreads across the globe, online gaming business will continue to be one of most profitable business opportunities of the 21st century. The potential of online gaming business is too big to ignore. Now is the perfect time to get onboard.  Take your share of the multi-billion dollar online gaming industry today!  Click here to request detailed information on available turnkey packages and pricing.
    Our casino software, poker software and sports betting gambling software provider offers the most advanced 100% turnkey online casino, sportsbook and multiplayer poker room packages. No other online casino and poker gaming software provider can offer you a gambling package with over 50 outstanding casino games and tournaments, magnificent multi-player poker technology, real-time sports betting, pari-mutuel horse racing, mahjong, and a backend management system that offers the finest financial, Internet Marketing, and customer service tools and reports.
    Our poker software, casino software and sports betting gambling software provider offers turnkey online gaming solution which allows you to concentrate on marketing your own online casino, sportsbook or multiplayer poker room gaming business and includes the following:
    poker software State-of-the-art casino software and multi-player poker gambling software.
    poker software A full service Sportsbook with advanced sports betting software offering worldwide sporting events.
    poker software Java casino games which can be played instantly on the internet without having to download.
    poker software Production of a customized site for your own casino and poker online gambling business.
    poker software Full technical and customer support for the players and you - the gambling site operator.
    poker software All monetary transactions including customer deposits and withdrawals.
    start casino Full reporting software in real time to check your online casino and poker room statistics.
    start casino Training for you or your staff on the use of the casino, poker and sports betting software.
    start casino The license for the use of the casino software, poker software and sports betting software.
    poker software The license to conduct online gambling activities in a legal jurisdiction.
    poker software

    Ace Media provides innovative and unique turnkey solutions for entrepreneurs and gaming corporations who want to provide their players with a variety of eye-catching, state-of-the-art 3D casino and multi-player poker games all built on a secure, stable and scalable hi-tech gaming platform. We also provide information on how to start your own online casino, sportsbook and multi-player poker online gaming business, which is one of the most booming and profitable industries on the Internet today. 
    Revenues in online gaming business rose from only $800 million to over $2 billion in 1999. By year 2010, it is estimated that online gambling industry will top over $18 billion in revenues. London-based Merrill Lynch analyst Andrew Burnett says online gambling business could generate more than $177 billion in revenues by 2015. $100 billion will come from online sports betting.
    The popularity of online gambling is increasing rapidly and this year has seen significant growth in Europe, Asia and South America. In China and Malaysia, there are twice as many online gamers as there are Internet shoppers. China is predicted to overtake South Korea in 2008 and become the largest online gaming market in Asia-Pacific region.
    As Internet use spreads across the globe, online gaming business will continue to be one of most profitable business opportunities of the 21st century. The potential of online gaming business is too big to ignore. Now is the perfect time to get onboard.  Take your share of the multi-billion dollar online gaming industry today!  Click here to request detailed information on available turnkey packages and pricing.
    start your own online casino - poker software - casino software - gambling software   Start Your Own Turnkey Casino & Poker Sites   Start Your Own Online Casino & Poker Room Gambling Business
    Our casino software, poker software and sports betting gambling software provider offers the most advanced 100% turnkey online casino, sportsbook and multiplayer poker room packages. No other online casino and poker gaming software provider can offer you a gambling package with over 50 outstanding casino games and tournaments, magnificent multi-player poker technology, real-time sports betting, pari-mutuel horse racing, mahjong, and a backend management system that offers the finest financial, marketing, and customer service tools and reports.
    Our poker software, casino software and sports betting gambling software provider offers turnkey online gaming solution which allows you to concentrate on marketing your own online casino, sportsbook or multiplayer poker room gaming business and includes the following:
    poker software State-of-the-art casino software and multi-player poker gambling software.
    poker software A full service Sportsbook with advanced sports betting software offering worldwide sporting events.
    poker software Java casino games which can be played instantly on the internet without having to download.
    poker software Production of a customized site for your own casino and poker online gambling business.
    poker software Full technical and customer support for the players and you - the gambling site operator.
    poker software All monetary transactions including customer deposits and withdrawals.
    start casino Full reporting software in real time to check your online casino and poker room statistics.
    start casino Training for you or your staff on the use of the casino, poker and sports betting software.
    start casino The license for the use of the casino software, poker software and sports betting software.
    poker software The license to conduct online gambling activities in a legal jurisdiction.

    Potential Profits: As an Internet casino and poker franchisee you could generate millions of dollars within the first few years in business. Your online casino, poker and sports betting gaming site will generate revenue for you 24-hours a day, 365 days a year. You will also have 24-hour access to the backend of your own online casino and multi-player poker gambling site. With your username and password, you can login into your casino/poker site and check the daily, monthly or yearly monetary stats as well as customer info. These stats are flexible and can be broken down into how much was wagered on a certain game, amount won or lost by a certain player, percentage at which the game has paid out...etc. 
    The customers in your own online casino & multi-player poker database who sign up with your casino and poker gambling site belong only to you and are not shared with anyone else.
    The following chart demonstrates the potential profit for a casino site owner. A $1,200 per day win for the house could represent as few as 24 people playing in your own online casino!





    Number of Players
    Accumulated Player
    Loss Per Day
    Accumulated
    Player Loss Per Month
    Net Monthly Revenue
    Net Annual Revenue
    3
    $150
    $4,500
    $2,700
    $32,400
    5
    $250
    $7,500
    $4,500
    $54,000
    10
    $500
    $15,000
    $9,000
    $108,000
    18
    $900
    $27,000
    $16,200
    $194,000
    24
    $1,200
    $36,000
    $21,600
    $259,200


    The online poker market has grown considerably and will continue to grow immensely in the future. The profits of the online poker industry is enormous! The amount gambled on poker websites around the world in year 2005 is estimated to be more than $60 billion! Around 1.5 million people play poker online regularly for real money and the number is growing by 100,000 a month. Online poker gaming sites make their money by collecting a "rake" from each pot, usually 3% to 5% of the cash in that pot. 
    The following chart demonstrates the potential profit for a multiplayer poker site owner. 





    Month
     Number of Sales Profit per Sale Retention Rate Old Sales x Retention Rates
    + New Sales
    Monthly Profit
    1 100 $50 50% 0 X .75 + 100 X $50 $5,000.00
    2 100 $50 50% 100 X .75 + 100 X $50 $8,750.00
    3 100 $50 50% 175 X .75 + 100 X $50 $11,550.00
    4 100 $50 50% 231 X .75 + 100 X $50 $13,662.50


    No company can guarantee earnings that are dependent upon many factors. Search engine optimization (please check our SEO software) and targeted gaming traffic is the key to your success. The general rule of thumb is, the more money you put toward effective marketing of your own online casino, sportsbook and multiplayer poker room online gaming business, the higher the revenues, the higher the net income. You can expect to keep between 75% and 100% of the gross monthly deposits depending on the turnkey casino, poker or sportsbook package you invest in.
    Our poker software and casino gambling software provider will produce a detailed monthly accounting report which will include the breakdown of total deposits, withdrawals, operating expenses, and the total payable to the licensee. Then they will wire the proceeds of your online casino and poker room to the account which you specify.
    Click here to request information on available turnkey casino, poker and sportsbook solutions and our account executive will contact you within 48 hours to discuss your options."

    Own Ready Made Casino or rather not?

    We will start with Ready Made Casino (com). Here what they write on home page of their site about their solution for own online casino :

    "Own a casino web site today. Casino affiliate programs are the fastest growing Internet business and generate billions of dollars every year in revenue. Own a gambling web site now and you could be earning big bucks in this extremely lucrative industry.
    We will show you how to run a successful casino and poker web site portal and get your share of the profits in this exciting online gaming era. You can own an online casino web site which is professionally designed and ready to make big commissions for you within 72-hours! Ready Made Casinos offer the No1 gambling business opportunity today.
    Your web site will be a gamblers magnet, offering big bonus incentives for new and regular players. Our new casino and poker templates are ideal for gambling affiliates and integrate the Wager Junction Playtech Affiliate Program which pays one of the highest commissions in the industry. This means the running of the casino and poker rooms is all done for you. You just promote your web site, nothing else.
    We look forward to assisting you to make money as an affiliate in the most exciting and lucrative industry in the World. Start your casino business today!"


    I don't have anything against those guys but they software luck a but messy, there is no a lot of information on their site about how to contact them (only e-mail address and  contact form, no phone, street, city ,country,continent) so in few words I think that readymadecasinos belong to companies that you should not deal with them. You will probably ask yourself and me why I am starting with not recommended company instead of some recommended? Well it is pretty simple, manny of you just burning to own online casino, and are willing to do with every company that offer cheap price. Beeeeep! Wrong, owning an online casino is serious business with can ake a lot of money, and choosing a right partner is crucial, in other hand you will finish broked, without a penny. There is a lot of companies that provide some kind of creapy software without any licence, just to taking you inital fee for starting own casino (it can be from $5000 to $50 000) and then when you release that You have ay legal instruments to fight agains them when you are cheated it is late, they already took your money and kick you out.

    Remember owning online casino is high profitabile business (see example of returns in this online casino business plan), be careful when you are choosing software provider. I will continue with reviews of every software deveoper that exists. For start we are going with less popular and we leave for latter posts reputable online casino software developers like Playtech and similar.

    Welcome to OWN ONLINE CASINO BLOG


    Hi,
    I decided, since I have a lot of experience in casino business, from web mastering casino portals, participating in casino affiliate programs, up to operating casinos of few most popular software developers like Microgaming, Play Tech, Real Time Gaming, to share some experience with other, interested people in this high profit industry.


    Online casino industry is one of fastest growing in past 5 years and will be for at least next 5 years, so it is not 'miracle' that owning online casino was and is dream for many people who already have job, or are without job, or have own business, in other words many people dreaming about owning online casino, since this is one of most profitabile business this days...




    When I was looking around internet forums, and found a lot of questions 'how to own online casino', I was motivated to start blogging about that. So, I will here step by step explain, research and explore for you,from base knowledge, up to interviews with big and small casino software developers, licensing companies, payment processors,etc,etc...Bookmark this and came here daily if you are interested to know everything about owning online casino: how to start own casino, how to make business plan for own casino, how to manage risk, how to make profit, which companies to cooperate with and which to avoid, what are legal regulations for online gambling and online casino owning in different countries and other useful informations for those who always dream tobe in online casino business.