The gambling business brings high incomes, but how big are its expenses? Obviously, if bookmakers, gambling rooms and casino games appear in every area of the city, then such an activity should be profitable. However, the Internet has its own laws, and the competition is much higher.
Indeed, you can become an owner of a successful gambling club in various ways. Plus, if you want to understand which one suits you best, sign up for a consultation with your personal manager of the 2WinPower company. An expert will help you understand the intricacies of the gambling business and acquire all the necessary software for an online casino for the best price.
One of the largest expenses when opening a gambling business is obtaining a license. Essentially, this is a document that gives you the right to conduct online gaming business legally in one or several countries. Nevertheless, it brings more benefits.
Naturally, working without permission, you risk getting the attention of regulatory authorities and being held criminally responsible.
The main drawback of a license is its cost. A document is issued by offshore countries like Gibraltar, Curacao or Alderney will cost $15-$20 thousand. The states mentioned above are notable for their loyal taxation; therefore, they have become quite popular among casino owners.
However, if you need a more prestigious document, consider the UK, Germany or Switzerland as a licensor. Keep in mind that the licensing process in the mentioned countries is much more expensive, and taxes are higher. For example, in England, a permission to conduct activities requires about $40000 as the initial payment.
It is your hallmark, your storefront, your primary business tool. It is all about the online casino site. The financial success of the whole enterprise largely depends on how well and quick it will look. A web resource is an element that cannot be neglected.
The hardest part is that it is almost impossible to create a website independently. You will have to master many professions, learn technical subtleties and creative trends. It is more logical to entrust the project to an external contractor.
Choose a company in which a whole team of specialists works so that your site looks harmonious in every aspect.
The cost of developing a website from A to Z ranges from $1000 to $5000 and depends on your wishes.
Another part of the costs will go to promotion. The work of an SEO specialist costs about $500 monthly. Additionally, about $200-$300 is spent on the work itself.
The concept of “gaming software” is quite extensive.
It includes at least three categories of programs that you will definitely need on the site:
Typically, software vendors provide customers with all the necessary software elements together, in one package. The price of such casino solution is starting from $5000 and higher, depending on the configurations, your wishes and the number of games.
You cannot advertise on Google. Facebook does not place ads. A few more large networks will refuse you as well. So, where can you promote your establishment?
It is not only about the internal rules of corporations, but also about the laws. Market regulators often place numerous restrictions on casino advertising, and every violation is punished.
To easily bypass all the pitfalls of the advertising world, you will need a specialist who perfectly knows the marketing tools and laws regarding advertising of gambling projects. You should know that in any country of the world, the fines for casinos and betting shops are huge (because the industry is profitable).
Professional monthly salaries start at $1500. Just as with SEO, an extra budget is needed for the advertisement itself. The sums depend exclusively on your capabilities and ambitions, and the marketer will always find a way to spend them profitably.
Last but not least without which it is difficult to imagine a successful online casino is a technical support service.
The requirements for it are the following:
Where to get a team like that? You can organise the work of the support yourself: note that customer support employees earn around $400 monthly. A team must have at least one highly-qualified specialist. Their salaries are much higher and depend on the competency of a professional.
As an alternative, consider an option with an outsourced support service that will take payments for servicing each client. This is a great option to start as long as you do not have enough money to hire a large number of employees and train them.
Thus, your total starting capital should be from $20000 to $25000.
Now, you know the costs of starting an online casino. It is time to learn how to save!
Each of the elements described above is crucial for the existence of a gaming club. The question is: is it possible to get all these parts for a different price?
In fact, it is. Some companies sell ready-made casinos based on the White Label model. This may be the best alternative to creating a business from scratch that the online gaming market can offer.
You can buy a turnkey casino from 2WinPower — the official representative of software developers with a worldwide reputation: Microgaming, Novomatic, NetEnt, Greentube, Playtech, and many others.
Contact a 2WinPower representative to purchase a fully operational casino, gaming software, or order related services. We take up the casino marketing promotion, technical support organisation, troubleshooting and every other aspect of work responsibly. All that you may need is at 2WinPower.
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