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.

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FAQ

What online casino accept Paysafecard?

In this FAQ section, we will figure out the several issues:

How to use Paysafecard
Advantages of using it
Casinos that accept Paysafecard
How to deposit through Paysafecard

First of all, this is a type of payment, which implies a card purchase in the nearest shop. Yes, you need to go outside, find the shop with these cards and buy one of them. In detail, the cards have different values depending on the certain region. (10$, 50$, 100$ etc). As soon as you buy a card, you will be presented with a 16 digits number, which you should fill in the casino cashier. Right after applying the card, the particular amount of money will be transferred to your account.

Advantages of using the Paysafecard

Very easy to make deposits, because it works like any other prepaid cards.
Quick transactions
There are loads of casino that accept Paysafecard
A limit of depositing can be a plus also, because you will have to go and buy another card

It’s an absolutely safe and fair method to deposit, because it works for many years with gambling sphere and shows only good results. In fact, the prepaid cards are the safest method to transfer money, just because you do not provide any personal information to the casino. Moreover, with Paysafecard you will not have any fees or commissions.

Casinos that accept Paysafecard

Paysafecard payments method is extremely popular among various casinos and countries, including New Zealand.

Jackpot City – is an interesting and unique casino with wide sections of bonuses and loyalty programs. It provides only licensed games by a Microgaming provider. In addition it introduces new innovative features, including an ability to play on mobile phones.
Royal Vegas – amazing platform that accepts Paysafecard and is available for New Zealanders. The casino is new in the gaming industry, however it was made by professionals. Furthermore, the game collection is presented by Microgaming. You can find there all you need, slots, table games, even live games with real dealers. In case you stack somewhere, you will be able to contact the 24/7 support team via live chat or email.
All Slots – another casino with available Paysafecard deposit method. In fact, it is an old and good casino with a great reputation among players from New Zealand. It’s popular for its excellent game selection of slots with different genres and bonuses. However, the name doesn’t mean the only slots there. You also can meet other genres, such as poker, blackjack, roulettes, live games and so on.

Conclusion

Generally speaking, if you want to make your first deposit, Paysafecard is a great option. The depositing process is very easy. If you are scared to lose big sums, you can buy a smaller card. With this technique you will be sure not to deposit again and again.

Is it possible to win at the casino by playing for cents?

It is certainly possible to win, but you will not be able to win a large amount when playing for such bets, even if you win X1000. You will also win cents.

How to win real money online casino?

Online casinos are made for money. However, who owns the money, you or casino? It’s clear to everyone that online casinos always win. First of all, because you lose. And even though you win, this sum isn’t a damage for the gambling site income. So, what is the 100% way to win, and win for real?

You have to understand that gambling is a tricky thing. The main feature is randomness. Thus making a spin you can’t really know what will be the result. Will you win, or lose? It’s impossible to predict. Perhaps, the only method you can apply is using betting strategies and appropriate tips. Below I’ll give you the tips that can lead your game to a beneficial ending. Though I don’t guarantee the 100% winning. The game randomness and your own luck are still priority for the final result.

Use these tips

Choose gambling website wisely. The real money can be given out by the official site only. Make sure it’s not a fraud. The real money casino must obtain licence, official registration and adequate terms & conditions. For more info on how to spot the real online casino, read our blog for the relevant topic.
Bet strategically. Don’t bet too much on the first round. Let the game begin with the minimum bet amount. Probably, the first 5 spins will be failing. Later, when you’ve lost a bit of your deposit, the game will start raising the probability of good results. You’ll feel it. This time you can raise the bet a bit more. But still not all at a time. Analyze the gameplay and bet accordingly.
Stop on time. If you see that you fail constantly, just quit the game. It won’t bring you good results. Try the next time, with the fresh willing to play and win. However, if you still have enough money for several spins, I suggest to lower your bet to the minimum, and play until the RNG decides you need some winnings.