Steps for Starting an Online Casino
Do you love online casino games? Would you like to open an online casino yourself? If that’s the case, we’re presenting you with three ways to help you achieve your dreams.
1. Establishing the Domain
First things first, you need to work on the design of the website. You should also carry out the software settings for your E-commerce and online casino. Bear in mind that you need to have money to perform this action because it could cost you millions of U.S. dollars. Don’t start the process without making sure you have the necessary cash.
Furthermore, you will need a proper license if you want your online casino to be legal. Most governments should approve of this if you want your website to be up and running for most countries.
Whereas the amount of money you have to pay may be a big challenge, it is beneficial in the end, because you will have all the knowledge of the software source code. On top of that, you will have full control of the website as well. Some cash is also saved as you don’t have to ask a software development company for help.
2. Becoming the Sublicensee of a Licensee
This option is probably the cheapest out there when it comes to having your own online casino. But you should be aware that it is also the most restrictive one. It might be a great choice if you don’t have millions to start a new site. Usually, using this method could be either free or cost up to $60,000.
By picking this, it means you will be the one in charge of the marketing aspect and earn less than a full licensee does.
3. Getting a License from the Online Gambling Software Provider
This option might also be cheaper compared to establishing your own domain, and a little pricier than becoming a sublicensee. You will get all the software for the website, and sometimes, even the necessary equipment can be offered.
If you’re an entrepreneur or own a licensed land-based casino, this may be the best alternative. Additionally, you should have the necessary funds to obtain the license, which will vary between $30,000 and $350,000. In rare situations, it may cost $1 million.
Also, let’s not overlook the licensing fee, which could be around $150,000 and includes marketing costs as well. Many times, an amount of the monthly gross profit is also paid to the software provider.
Usually, payment processing is a method employed by the software provider and sets it up beforehand. If you want to know what companies can provide you with amazing software, the Licensing section will show them to you.
The Bottom Line
Whichever option you end up choosing, we are always here to help you out! Our company is based in Bucharest and focuses on online marketing, web design, and business consulting. There are over 800 websites that we helped create, as well as over 360 PPC campaigns and 200 SEO campaigns. The fact that we are one of the top Google results should be proof that we know online casino business and SEO.