How To Start Your Own Online Casino and Poker Gaming Business

Did you know that online gambling business happens to be 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, you can find doubly many online gamers as you can find Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report that they shop online.

Revenues in online gaming business rose from only $800 million to over $2 billion in 1999! By year 2010, it's estimated that online gambling industry will top over $16 billion in revenues! London-based Merrill Lynch analyst Andrew Burnett says online gambling could generate more than $150 billion in revenues by 2015.

Until recently small entrepreneurs had no chance of engaging in the gambling industry, because of huge capital investments, gaming license acquisitions and legal red tape. The web eliminated all of the obstacles. Now you can own and promote your own online casino, sportsbook and multiplayer poker room gaming business and generate revenues you've only dreamt about.

You can find 3 ways to begin an on the web gaming business:

1) Most Expensive - Design and implement all gambling software for an on the web casino, sportsbook and multiplayer poker room that could run you an incredible number of US Dollars. You will even need to obtain a gaming license to run your online gaming business, which requires approval from most governments. However, you will have full control of one's gambling site, and full knowledge of the foundation code of one's gambling software. Additionally, no royalties are paid out to a gambling software development company.

2) Average - Become a Licensee of an Online Gambling Software Provider. This can be a far less expensive option to begin an on the web gambling business and you'll receive all of the gambling software and sometimes even the apparatus necessary. It can also be the most popular option for both licensed land-based establishments along with entrepreneurs. Costs vary from $30,000 to $350,000. The typical licensing fees are about $150,000 (this usually includes marketing costs). Generally a royalty is paid to the gambling software provider as a share of the monthly "take" or "drop" (gross profit). Usually the gambling software provider has payment processing (merchant account providers) already put up for a fully turnkey operation.

3) Most Affordable - Become a Sublicensee of a preexisting Licensee. This is actually the least expensive option to begin an on the web gambling business. Costs vary from $5,000 to $60,000. The sublicensee is responsible for all your marketing and receives an inferior percentage than a full licensee (2), because royalties paid to the licensee are much higher.

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

As Internet use spreads across the globe, online gambling business will continue to be one on most profitable online business opportunities of the 21st century.

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Zuletzt geändert am 09.07.2020 12:31 Uhr von pkvgamesnet (1 Besuche)

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