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.