Steps to start Your own Online Casino and Poker Gaming Business

Posted by danisharain232 on September 30th, 2019

Did you know that online playing business is currently one of the fastest growing business categories in the world? The popularity of online gaming is increasing rapidly and this year has seen significant growth in Europe and Asia. In China and Malaysia, there are two times as many online gamers as there are Internet consumers. Around 43% of Chinese Internet surfers play games online, while just 16% report that they shop online.

Revenues in online gaming business rose from only 0 million to over thousand in 1999! By year 2010, around online playing industry will top over thousand in revenues! London-based Merrill Lynch analyzer John Burnett says online playing could generate more than 0 thousand in revenues by 2015.

Until recently small entrepreneurs had no chance of getting into the playing industry, because of huge capital investments, gaming licence acquisitions and legal red recording. The internet eliminated all the obstacles. You can now own and promote your own online casino, sportsbook and multiplayer poker room gaming business and generate revenues you've only dreamt about.

There are 3 ways to start an online gaming business:

1) Most high-ticket -- Design and implement all playing software for an online casino, sportsbook and multiplayer poker room which could cost you millions of US Dollars. You will also need to acquire a gaming licence to run your online gaming business, which requires approval from most governments. However, you will have full control of your playing site, and full familiarity with the origin code of your playing software. In addition, no royalties are paid out to a playing software development company.

2) Average -- Be a Licensee of an Online Playing Software Provider. This is a less expensive choice to start an online playing business and you will receive all the playing software and occasionally the apparatus necessary. It is also the most popular option for both licensed land-based establishments as well as entrepreneurs. Costs range from , 000 to 0, 000. The average licensing fees remain 0, 000 (this usually includes marketing costs). In most cases a the top fashion gurus is paid to the playing software provider as a percentage of the monthly "take" or "drop" (gross profit). Usually the playing software provider has payment processing (merchant account providers) already set up for a fully turnkey operation.

3) Least expensive -- Be a Sublicensee of an existing Licensee. This is the least expensive choice to start an online playing business.live casino malaysia Costs range from , 000 to , 000. The sublicensee accounts for all the marketing and receives a smaller percentage than the usual full licensee (2), because royalties paid to the licensee are more achieable.

To legally operate online playing businesses, online casino and poker room owners turn to sovereign governments in countries that permit online playing and properly issue the necessary licenses for playing operations. The casinos and poker rooms are registered as ocean going playing operations and in turn, the respective countries gain significant licensing fees and tax-generated revenues.