How Much Does it Cost to Open your Own Online Casino?

Online casinos are an interesting way of capital investment. Many entrepreneurs are interested in the gambling sphere and make good business today.

At the same time, you need to pay attention to a number of factors that will determine the costs required to open a site on the Internet. There are several directions to invest in. Therefore, the process of opening a gambling business consists of several stages at which we will focus our attention.

Purchasing a license for an online casino

Getting a license is the starting point for any investor who has chosen a gambling business. Today, such an opportunity is provided by both European and other countries. Gambling authorities regulate casino operations on the state level. The cost of a license can vary significantly depending on which jurisdiction the company has chosen as a result. Legalization can be free or cost an entrepreneur hundreds of thousands of dollars. Here are some examples:

Curacao – a license on the island will cost 30 thousand dollars;
Australia – to obtain a license you need to have at least $200,000;
Malta – is one of the most reputable jurisdictions for the gambling sphere, costs at least $100,000

Website development for online casinos

The important criteria for a successful launch of the project will be the brand itself. There are several large brands on the market today that are engaged in the creation of betting services. They can offer a wide range of services to clients in order to make the site competitive.

The platform must be in demand among players. To do this, you need to provide as many innovative features as possible, ranging from round-the-clock support and intuitive navigation to a variety of payment services. The price of your own site usually ranges from several thousand dollars.

Company office opening

In order to receive a stable income, the investor needs to decide on the best location for opening an office. You definitely cannot run the business without your own back office. Since the company must have its own technical department, managers, and other employees who need to comfortably settle somewhere. The office with the project team will be periodically expanded when the staff needs to be increased.

The rental price can vary significantly depending on a number of factors:

– the level of office equipment;
– availability of modern renovation;
– the quality of communications.

At the entry-level, it is possible to open an office in the outskirts of the city to save on rent, while large online casinos are usually based in business districts, as this increases the brand’s prestige.

Purchase of gambling software

Studying the list of expenses that have to be foreseen when opening your own online casino, you should definitely take into account the purchase of gambling software. Today there are hundreds of different slots that are popular with their audience. The more extensive the catalog of entertainment presented on the site, the more new bettors will come to the site.

Self-development of slots is possible, but in terms of costs, it can hardly be called a rational decision. Most of the companies on the market turn to slot machine manufacturers for services, which can offer software for every taste. There is a wide range of popular software providers including Microgaming (top Microgaming online casino), NetEnt, Evolution Gaming, Play’n Go, and many others. To pay for the placement of slots, the gambling operator will have to agree on a percentage of the income generated by the supplier’s machines. The size of the interest rate will depend on several factors:

– placement of slots in the catalog or on the main page;
– the legal status of the machine;
– the presence of a user-friendly interface;
– the novelty of software solutions.

Conclusion

When looking for slot machines, it is important to keep in mind the needs of your own target audience. You should also conduct a market analysis to determine the preferences of competitors. It will not be superfluous to clarify the possibility of adding slots to the betting application since the mobile segment is becoming more and more popular every year. Do not forget that the company needs technical equipment that will enable its employees to successfully cope with the responsibilities assigned to them.

Rate this post, please:

FAQ

Has anyone ever won on online casinos?

Gambling industry is an enormous business sphere which gives people a chance to take a risk and win money. In online casinos the principle is the same, however, many players do not trust the casino. Generally, they are afraid to be manipulated. In order not to be deceived, we recommend you to read the reviews, and more importantly, read about gamblers experience. Many of them provide their thoughts about each casino. In fact, there are several criteria which you should take into account to make a right choice.

Check – Win

Firstly, check the regulator and the license owner. Play only reliable software with a license of a popular organization. Secondly, check the certificates of famous audit companies, particularly eCOGRA. It provides the statistics of every operation or random generation in the casino. eCOGRA takes the verification process very seriously.

Conclusion

If the casino follows all these factors and criteria, it definitely provides the prosperous conditions for players. But the question of how much the player wins, depends on other factors.

How to win online casino?

In this article, you will be presented with the following points:

Play only top-rated casinos
Find the games with high RTP
Find all bonuses
Learn strategies
Find the way to payout

Why top-rated casinos?

Before you start the gambling journey, we recommend you to do some research. Make sure the casino has a high payout rate and many payments methods suitable for you. Moreover, the safety comes first. Check the license and the regulator, in fact, this information will open the clear view on the whole security system in the casino. All this casino reviews you can find here. By reading the articles and reviews you can find useful information about drawbacks and backgrounds of casinos, as well as comments by real players.

Looking for games with high RTP rates.

Take some time to search for the games with a high RTP rate. It shows how much casinos pay back to the player on average and how much it takes for itself. For example, the game with 96% RTP gives 96% back to the players, and 4% keeps as a commission. However, the higher the RTP rate, the more frequently you will win, but the amount of winnings will be lower.

The bonus system

Many casinos offer free money, as a bonus for beginners. We advise you to take this opportunity and try to receive everything you can. In fact, there is a few available types of bonuses:
Sign-up bonus – get free spins or free credits after signing-up.
Welcome bonus – as soon as you register an account, you will be presented with free money.
Deposit Bonus – usually, this is the most generous bonus in terms of prize size, however, in order to receive you are required to make a deposit. Only for new gamblers.
Loyalty bonuses – here you should play regularly and earn loyalty points. In the future, you will be awarded with a big number of benefits, such as monthly prizes, giveaways, private events, and many more.

Learn strategies

Several game genres, such as poker, roulette require at least basic knowledge of rules and strategies. So, in order to have an advantage over the real players or computer dealer, please train some practices of poker sessions for free. Also, don’t forget to read articles with tips on how to play better and win more often. It’s never late to play smart.

How to payout?

Make a research on the available payment methods in chosen casinos. It’s very important to be aware of fast payouts methods, to withdraw your winnings as quickly as possible. Some systems offer higher fees, some make longer transactions. In most cases, e-wallets are the fastest and the most convenient method to make deposits and withdrawals.

Conclusion

Gambling activities can be safe in case you follow these simple steps to choose the casino. Moreover, make sure to choose the casino with an available mobile version. Most of them are adopted to play through mobile devices, including IOS and Android

My game stopped working, what should I do?

The first thing to do is to stop playing this slot and contact the representative of the casino. This is easy to do, as all casino sites have a support chat. There you will need to answer questions and support will be able to help and explain what happened and why.