How to Set Up an Online Casino?
This method involves an independent process of the creation, implementation and sale of the product from start to finish. This way can cost millions of dollars.
|1. Complete control over the casino||1. Very high cost|
|2. Complete possession of the source program||2. Necessity for obtaining permission from the third parties|
|3. No fee for the usage of the program||3. High cost of advertising and severe sales conditions|
This method involves the use of online gambling software that belongs to the software vendor. This way is cheaper, and it also requires less effort. Normally, the initial payment for online gambling software can be from 30,000 to 400,000 dollars. In most cases, you will become a member of an existing network and thus save time and money. But every software developer works on the basis of a revenue share principle, and among other things you will need to ensure income in the amount of 30-70%. Moreover, you will have to follow certain rules established by the software developer.
|1. Lower cost||1. Absence of a complete control over the casino|
|2. Less effort in relation to the promotion and launch of the casino website||2. Monthly payment|
|3. Necessity for following all rules offered by the software developer|
|4. Absence of a necessary permission granted by third parties|
This option is the cheapest and works in the following way: you take a casino website and carry out all marketing and advertising operations, while receiving a small percentage from the licensee. The average cost of such a solution is up to 10,000 dollars.
|1. Relatively low cost||1. Lack of control over business|
|2. Lack of responsibility||2. Low profit|
|3. Absence of any organizational efforts||3. Complete dependence on the licensee|
This option should be considered as the best in case you are planning to set up an online casino. You get ready-made solutions from the software developer. The gambling software will be installed on your servers under the domain name that you have chosen. All technical details, such as configurations, adaptation to specific customer needs, design and implementation of payment systems, are regulated by the development company instead of you. The approximate cost of such a solution is from 60000 to 500000 dollars.
After the acquisition, you get control over the online casino and an ability to manage it, after which you become its sole proprietor and do not have to share profits with anyone anymore.
|1. Complete control over the casino||1. Individually developed solutions|
|2. Absence of payments||2. Process of the acquisition of the gambling license is carried out only by yourself|
|3. Individually developed solutions||3. Ability to focus on marketing|