Have your own casino. - page 11. | Bitcointalksearch.org

Dewi Aries

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Quote from: Fivestar4everMVP on November 06, 2023, 01:29:45 AM

I sure have on multiple occasions had a plan of building my own online gambling casino, Infact, there was actually a time I had organized a team of 6 people including myself making us 7, I had a graphic designer, web developers and so on, but unfortunately, we couldn't build anything out due to lack of funds on me, they all wanted to be paid Bi-weekly even when we don't have system generating money running yet, so at the end of it all, I had no choice but to call the project off unfortunately.

Yes because if you want to open your own casino, you don't have enough skills, you have to have a lot of money because of course this is a game related to money, if it's just the skills you have, you should apply to big companies, with the skills you have, it has the potential to make money for yourself. I also have friends who work in the IT field by creating applications and websites on the internet, and that is not cheap but has a high price value.

Quote from: Fivestar4everMVP on November 06, 2023, 01:29:45 AM

And let me also mention that, even right now, I still have that dream of owning my one online gambling casino some day, and I will want it to be even bigger than stake is currently, I love gambling and if I achieve this, I will be a very happy and feel fulfilled, all I currently waiting for before I take a shot at this again is to become stable financially, the first trial have indeed thought me some lessons that not many people care about the dream and goal you have, they don't care as long as they get paid, if at any time you are not able to pay them, they will possibly leave you and your dream and look for the next paying client.

So before I give this a shot again, I wanna be financially stable and able, so that I don't end up with a failed project again.

If you really want to open your own casino, I recommend that you have a lot of money because as I said, to open a casino you need a lot of money, especially since everything in the casino is related to money. But if you are really sure about your choice and desire, maybe you can borrow capital from the bank to open a massive casino. But if you are not sure don't do it, but I think if you borrow capital from the bank to open a casino if you can manage it well maybe you can return the capital quickly once again if you manage it well. Because of course there will be risks too, so it all comes back to yourself because the choice is yours.

BetKing.io

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I am now thinking of offering an API service for anyone who wants to launch their own casino that doesn't have the bankroll so they can set up their own sites and not have to worry about bankroll, security, payments, accounts etc.

It would offer Dice, Crash and other house games as well as ability to set up bonuses and chat communities.

KingsDen

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Goodnight, o_e_l_e_o 🌹

This comment said all that the Op need to know. I have read it twice with diligence. I would have assumed OP skipped it but the comment was merited by Op.

Quote from: fritvalg on November 04, 2023, 09:17:48 PM

Its difficult because you need to have a solid bankroll to start with and an exeptional reach.

Form back roll is just the most problem people face in building their own casino. There is no doubt

Quote from: fritvalg on November 04, 2023, 09:17:48 PM

First you need to buy a solution + license and that costs +150k. You need to pay monthly fees to the providers and a revenue share with them.

One of the reason new start ups do not last. A very new business is over tasked. It is very risky that you have to invest very much and wait for profit on the long run.

Quote from: fritvalg on November 04, 2023, 09:17:48 PM

I just brainstorm but an idea could be to invite one of the streamers to get a share of the company instead of just being an affiliate. That could maybe open some Doors to a big audience quite fast.

One of the best ideas to go with. I see this as workable when all the legal papers are intact. With this much won't be invested in promotion anymore.

kotajikikox

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Quote from: bettercrypto on November 05, 2023, 06:45:05 PM

If I'm just a rich person, I'll probably build my own casino online. The others who build a casino online don't spend much, but the only intention is to cheat gamblers. They just make it appear that the casino has funds and a lot of gimmick bonuses for those who avail, but the return to those who take advantage is too much for sure for what they spent.

yes , if we can only provide such capital ? in a glimpse of an Eye I will provide my own casino right away because there is a lot of capital needed in operating legit casino ,to bring fair and satisfied playing in every players given that they can have withdrawals even winning the jackpot prizes.
in this many casino fails because the terms of Service usually change when there is a big winning and a need to withdraw .

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I've seen a lot like that in traditional online casino apps that are downloaded from play store; that's why we're not bad people to do such bad things. Due to the legitimate method, setting up your own casino will also require quite a lot of money, so it is not easy if you know that you are not a middle-class type of person.

if you are building a casino make sure you have enough money to advertise in any forms so easier to lure players and depositors, give them everything that will make them satisfied.
and follow your own terms not like others that when there is a win sure there will be complaint .

kingvirtus09

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Quote from: Kakmakr on November 06, 2023, 01:01:11 AM

Well, it is easy to own your own online casino... you basically buy a white label casino script and you fund it with some startup capital and then spend some money marketing it, but with all the competition out there... you might struggle to make a profit.

I would like to have my own casino, but I cannot justify taking 1000s of people's money to reward only a few people every day. My casino will be the one where I give 99.9% of the money back to the gamblers and I just take 0.1% to cover the expenses. Tongue

Honestly speaking, I have no idea how to build a casino online; my only idea is that it needs funds, and I don't know how much it will cost, but for sure it's a big amount anyway, right? Please correct me if what I have in mind is wrong.

If my only goal is to make money in the casino, I will also, for sure, want to have my own online casino in cryptocurrency. That's why I don't want it either; I'm happy being a gambler in a casino. I don't know, but I am satisfied with the situation that I am in.

dezoel

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Quote from: Kakmakr on November 06, 2023, 01:01:11 AM

Well, it is easy to own your own online casino... you basically buy a white label casino script and you fund it with some startup capital and then spend some money marketing it, but with all the competition out there... you might struggle to make a profit.

I would like to have my own casino, but I cannot justify taking 1000s of people's money to reward only a few people every day. My casino will be the one where I give 99.9% of the money back to the gamblers and I just take 0.1% to cover the expenses. Tongue

A script might be cheaper than buying a full casino but I think you will still need to inject a lot of things on it to become a full version casino. So that will still cost you a good money. It's not easy. And the spending's doesn't end there yet. As you said, we also need to market it and spend for the maintenance, and others... . Your ambition of creating your own version of casino sounds great and interesting. But it looks like you will lose easily on it.

Unless if you are already a wealthy man or you have won billions of dollars in the lottery and you are looking for a unique way of spending it. People like this are rare because many have became greedy when it comes to money.

Z_MBFM

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Quote from: seoincorporation on November 04, 2023, 06:39:15 PM

How many of you have dreamed about having your casino? Be the house and play the always-win game.

In the past years it was different, people who could build a provably fair engine were able to have their own casino, but now we are playing with new rules, the casinos must have a license and games providers, and that's what people are looking for, and i don't say is something bad, the gambling experience on stake compared with the gambling experience on satoshi bones is enormous.

Running a casino site requires huge amount of funds and globally if you want to do a casino business then it is mandatory that you have a casino license. so even though many people dream of owning a casino site, it is very difficult to realize it. And you can never manage a casino platform alone. Yes it is true that if you own a casino site then you can gamble there to your heart's content. And it will give you freedom to gamble. So the dream of owning a casino site should be for those who have huge amounts of money. And one who is not financially well off should only use gambling for fun from a small budget

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But getting back into the topic, i would like to read some nice histories from the community, those who only dream about their own casino, and those who make their dreams come true.

Owning a casino site and operating it globally can generate huge amounts of revenue. But I personally never dream of this. I only use gambling as a place of fun and not as a source of income

Oilacris

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Quote from: davis196 on November 06, 2023, 02:25:29 AM

Quote from: seoincorporation on November 04, 2023, 06:39:15 PM

How many of you have dreamed about having your casino? Be the house and play the always-win game.

In the past years it was different, people who could build a provably fair engine were able to have their own casino, but now we are playing with new rules, the casinos must have a license and games providers, and that's what people are looking for, and i don't say is something bad, the gambling experience on stake compared with the gambling experience on satoshi bones is enormous.

But getting back into the topic, i would like to read some nice histories from the community, those who only dream about their own casino, and those who make their dreams come true.

What do you mean by "having your own casino"?
Having you own casino to grow it as a business and make profits or having your own casino just for the sake of playing gambling games without losing money?
Building and growing your own gambling business is a completely different subject, because it requires startup capital(which includes a big advertising budget).
Having your own casino just for the sake of playing without losing money is pointless, because there are free poker, dice, slot, roulette games, which can be played without betting money and there's no need for you to deal with setting up hosting, domain, games, a gambling license, etc.

Talking literally on having your own casino, yes everyone do really wishes on having one but we do know that this isnt something a cheap thing that you could really be able to have.
Building up one is never been cheap or easy, yes its good for long term specially if it do successfully be able to get that trust and recognition then it would be a multi-million kind of business
and this is something that we do really want or something that we do wish for. The only issue on here is that would really be able to do or create one if you do have the capital?
Pretty much sure that it isnt something that so simple that you could really be able to do such thing even if its easy as it sounds.

Fivestar4everMVP

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Quote from: Kakmakr on November 06, 2023, 01:01:11 AM

Well, it is easy to own your own online casino... you basically buy a white label casino script and you fund it with some startup capital and then spend some money marketing it, but with all the competition out there... you might struggle to make a profit.

I would like to have my own casino, but I cannot justify taking 1000s of people's money to reward only a few people every day. My casino will be the one where I give 99.9% of the money back to the gamblers and I just take 0.1% to cover the expenses. Tongue

Then simply build a charity organization instead Grin

, and forget about building a gambling casino, business is business and charity is charity, it doesn't make sense to mix the two, you can either have one, or have both separately without mixing them..

OK, here is an idea I think will be much better, how much owning an online gambling casino and also owning a charity organization, this way, you get the money legitimately from gamblers, then move it to your charity organization to help those who need help in one way or the other?

On a more serious note now, taking thousand of dollars of people's money only to reward a few simply means your casino is not fair, if you are really that good and wanna have a very clear and peaceful conscience, then but a casino where the house edge is 50:50, that is 50 percent on the gamblers, and 50 percent on the casino, this way, when ever a gambler looses, you know that indeed, he or she lost, not because of the system manipulation, but because he or she is simply not Lucky, atleast, this way, you are completely comfortable with whatever you are making as a profit from the casino. But then, you also should be ready to lose most times, as you will also have to depend 100 percent on luck to make profit from your casino.

EarnOnVictor

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Quote from: Kakmakr on November 06, 2023, 01:01:11 AM

Well, it is easy to own your own online casino... you basically buy a white label casino script and you fund it with some startup capital and then spend some money marketing it, but with all the competition out there... you might struggle to make a profit.

Owning your casino is not as easy as you think, there is a lot more you need to do than merely buying a white-label casino and making money just like that. Have you thought about upgrading even the white label for safety? What about standard registration, regulation, and both normal and professional staff employment? Obviously, you can't do this alone and all of the necessities require thousands of dollars. I've not even talked about the security expenses and marketing. Starting a casino needs financial sacrifices and it's still a "try by error" at the initial stage. And if not established and structured well, people would be discouraged from gambling with you.

Quote

I would like to have my own casino, but I cannot justify taking 1000s of people's money to reward only a few people every day. My casino will be the one where I give 99.9% of the money back to the gamblers and I just take 0.1% to cover the expenses. Tongue

Gaining 0.1%? Will this even cater for the staff payments, not to mention running and maintenance costs? It's very easy to say and I'm sure that everyone in the world would want to associate with your casino if you make your deed true.

Unfortunately, it's not possible, making just 0.1% in a company is tantamount to running at a loss. Are you even playing? This shows that you do not know how casinos and businesses run and I advise you to steer clear of such before putting yourself in trouble.

davis196

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Quote from: seoincorporation on November 04, 2023, 06:39:15 PM

How many of you have dreamed about having your casino? Be the house and play the always-win game.

In the past years it was different, people who could build a provably fair engine were able to have their own casino, but now we are playing with new rules, the casinos must have a license and games providers, and that's what people are looking for, and i don't say is something bad, the gambling experience on stake compared with the gambling experience on satoshi bones is enormous.

But getting back into the topic, i would like to read some nice histories from the community, those who only dream about their own casino, and those who make their dreams come true.

What do you mean by "having your own casino"?
Having you own casino to grow it as a business and make profits or having your own casino just for the sake of playing gambling games without losing money?
Building and growing your own gambling business is a completely different subject, because it requires startup capital(which includes a big advertising budget).
Having your own casino just for the sake of playing without losing money is pointless, because there are free poker, dice, slot, roulette games, which can be played without betting money and there's no need for you to deal with setting up hosting, domain, games, a gambling license, etc.

Fivestar4everMVP

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I sure have on multiple occasions had a plan of building my own online gambling casino, Infact, there was actually a time I had organized a team of 6 people including myself making us 7, I had a graphic designer, web developers and so on, but unfortunately, we couldn't build anything out due to lack of funds on me, they all wanted to be paid Bi-weekly even when we don't have system generating money running yet, so at the end of it all, I had no choice but to call the project off unfortunately.

And let me also mention that, even right now, I still have that dream of owning my one online gambling casino some day, and I will want it to be even bigger than stake is currently, I love gambling and if I achieve this, I will be a very happy and feel fulfilled, all I currently waiting for before I take a shot at this again is to become stable financially, the first trial have indeed thought me some lessons that not many people care about the dream and goal you have, they don't care as long as they get paid, if at any time you are not able to pay them, they will possibly leave you and your dream and look for the next paying client.

So before I give this a shot again, I wanna be financially stable and able, so that I don't end up with a failed project again.

Kakmakr

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Well, it is easy to own your own online casino... you basically buy a white label casino script and you fund it with some startup capital and then spend some money marketing it, but with all the competition out there... you might struggle to make a profit.

I would like to have my own casino, but I cannot justify taking 1000s of people's money to reward only a few people every day. My casino will be the one where I give 99.9% of the money back to the gamblers and I just take 0.1% to cover the expenses. Tongue

Porfirii

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Quote from: seoincorporation on November 04, 2023, 06:39:15 PM

How many of you have dreamed about having your casino? Be the house and play the always-win game.

In the past years it was different, people who could build a provably fair engine were able to have their own casino, but now we are playing with new rules, the casinos must have a license and games providers, and that's what people are looking for, and i don't say is something bad, the gambling experience on stake compared with the gambling experience on satoshi bones is enormous.

But getting back into the topic, i would like to read some nice histories from the community, those who only dream about their own casino, and those who make their dreams come true.

seoincorporation, after launching your crypto news project, am I seeing a new challenge in the horizon? Wink

As you said, the regulatory landscape has changed and those who want to avoid problems in the future should do the homework before opening a gambling platform, even if they are technically capable to do that. And, taking into account that there are international rules involved, I don't think this is a field that many lawyers know well, so it must be hard to find a good one. So let's keep sharing the info in this thread, we may come to some interesting insight on the topic this way.

Odusko

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Quote from: xSkylarx on November 05, 2023, 10:58:21 PM

Ive also planned it but it was like in the year 2017-2018 this is where a lot of not-licensed casinos are popping out and there are tons of gamblers but I haven't pushed through because of the competition. Also youll need to invest in marketing and later on youll need to have a license. Youll need to start with a huge bankroll at the start and it is exempt from other operational costs so it is not easy to run. Though right now I still dream of it but I am not pursuing it as there are tons of huge casinos right now and gamblers want those established ones.

You made the wise decision not to have pushed through, giving that mindset of operating an unlicensed casino just as you mentioned, because most of those casinos that operated back then have all folded up due to licensing demands from an authority, some even hard their casino seized for operating in that capacity and seen as an illegal operation.
One of the most difficult things in setting up a new casino is licensed because it requires a lot of money and connections to get one unless in countries where there is less attention to the issuance of casino licensing, and that is why many of those looking to obtain operational license always look in the direction of CR for licensing and most of the one we know are all operating within that means also.

piebeyb

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Quote from: Hispo on November 05, 2023, 06:27:17 PM

Dreaming is free, though. And we as human beings, are never supposed to quit dreaming. Wink

Yes, that's true, there's nothing wrong with people dreaming of having one because it's free and not paid, the point is, don't feel unsure about not being able to have it, because every time technology continues to develop, who knows, in the future, it will be easier to create a casino, so that it will be easy for people to own it and build it. , all successful people always start from their dreams so don't ever try to stop dreaming of having them.

Owning a casino may be more profitable than being a user and gambler, we know that the dealer will always win against all its users, that's why casinos are always successful in taking as much money from their users as they want, it's not easy to make dreams come true, it just takes time to make it happen because it doesn't anyone knows about the future, lol

Blitzboy

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Quote from: bettercrypto on November 05, 2023, 06:45:05 PM

If I'm just a rich person, I'll probably build my own casino online. The others who build a casino online don't spend much, but the only intention is to cheat gamblers. They just make it appear that the casino has funds and a lot of gimmick bonuses for those who avail, but the return to those who take advantage is too much for sure for what they spent.

I've seen a lot like that in traditional online casino apps that are downloaded from play store; that's why we're not bad people to do such bad things. Due to the legitimate method, setting up your own casino will also require quite a lot of money, so it is not easy if you know that you are not a middle-class type of person.

In fact, starting a casino is a bet in and of itself, involves many risks and costs. Your frustration with misleading online gambling platforms is shared by many. These businesses typically hide their genuine aims behind stunning bonuses and supposedly profitable deals, deceiving people seeking genuine enjoyment.

Establishing a fair and honest online casino is a monumental effort. Many investors get discouraged by the ethical and operational issues despite the fast profits. Building trust and ensuring profitability is a complicated recipe that even wealthy businessman struggle with.

In a world full of fraud, creating a legitimate and honest gambling space becomes a problem surrounded by legal and financial issues. If implemented carefully, such a venture might change the internet gambling industry, solving real-world issues while bringing the best place for everyone

xSkylarx

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Ive also planned it but it was like in the year 2017-2018 this is where a lot of not-licensed casinos are popping out and there are tons of gamblers but I haven't pushed through because of the competition. Also youll need to invest in marketing and later on youll need to have a license. Youll need to start with a huge bankroll at the start and it is exempt from other operational costs so it is not easy to run.Though right now I still dream of it but I am not pursuing it as there are tons of huge casinos right now and gamblers want those established ones.

bettercrypto

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If I'm just a rich person, I'll probably build my own casino online. The others who build a casino online don't spend much, but the only intention is to cheat gamblers. They just make it appear that the casino has funds and a lot of gimmick bonuses for those who avail, but the return to those who take advantage is too much for sure for what they spent.

I've seen a lot like that in traditional online casino apps that are downloaded from play store; that's why we're not bad people to do such bad things. Due to the legitimate method, setting up your own casino will also require quite a lot of money, so it is not easy if you know that you are not a middle-class type of person.

BitDane

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It is really tempting, if have the needed fund, to establish an owned casino. Looking on how these casino is profiting from the people, we might dream of living in luxury if the established casino flourish. But I think it is not easy to establish a casino since it is still under the gambling risk, a casino might get bankrupt if many player is able to win huge prices despite the house edge. The casino also need to pay of lots of advertisement, promos, competition, and bonuses in order to get the attention of players since there are lots of competition between casinos out there.

Establishing a casino isn't as easy as 1 2 3, new casino owner need to study and make a sound plan in order to compete against the big name of gambling industry.

Topic: Have your own casino. - page 11. (Read 1749 times)