Topic: Have your own casino. - page 4. (Read 1431 times)

I assume that having your own casino is like owning any other business which can only mean that it's a painstaking process that would take a while for me to reap the fruits of it's labor and at the same time make me exert more effort just to keep it running for days. Not to mention that as a business owner, you will be working 7 days a week and it's even more intense in the first weeks of your opening right? With all the stuff that I've mentioned, I don't think that I can do it even if I try my best. Also, I am not a people person so I don't think running a casino or any business suits me anyway maybe it's a neat dream for other but for me, it's a bother. I guess I just love that I have free time.

The gambling business is different from other businesses because we really need planning from all aspects that are needed so that in the future it can develop well and can generate large profits because if you experience failure once it will be difficult to rebuild and all the capital spent will definitely be lost. vain.
But the most difficult thing in building a gambling business is trust and reputation and when these two aspects are damaged then the business that has been built is finished because there is no way to restore trust or good reputation.
After all, successful businessman is one who can maintain customer trust and can always prioritize customers. You shouldn't even take small things that you feel are unimportant because if you take them for granted, even small things in business can have negative impact on the development of the business itself.

Regarding capital, there are still many solutions that can be done, but the most important thing that is quite difficult is finding trusted, great people who are able to manage it and these people are very important for the progress of business.
When you are great and wise businessman but have bad team that cannot be trusted then everything will be the same because this business is related to money and you have to look for team that is not easily tempted by money so that they don't do stupid things like embezzlement.

      -   I agree with what you said: not everyone has the potential to develop a casino in this sector. Because a legitimate casino owner must also have finances to pay the gamblers. That is why I am also amazed with other casinos that just defraud gamblers.

Because the others want to appear legitimate, even if they don't have the cash to pay the players who win on their platform, they get to pay not from their own pockets, but from the money input by the gamblers who lose on the casino platform.

If you just think about the profits from the casino business, of course it is very tempting. but if you think about the competition in this business market it is very competitive. If you don't provide a better offer than existing casinos, it will be difficult to get loyal members.
That's because most gamblers who are comfortable playing at one casino, will not be interested in another casino. unless they encounter problems such as long withdrawals or data verification problems.
Even though new casinos can offer attractive bonuses, perhaps most new members are just looking for bonuses. they play to gain new experiences and then leave.

we can indeed see this industry developing rapidly. but not many of them can really survive well. whether it's related to legality or technical issues related to the platform.

The OP asked if you have dreamed about it...

Of course when it comes to being practical, not many have the bankroll to just set up a casino and get started. In regard to the skills, if you have experience running a business then it would not be much different...and if you have a good team that you can manage and communicate with well, then again, there is not much difference to any other business. Of course stakes are a bit higher as you are handling funds, managing security, publicity. etc..


I had thought about it, with the motivation to be fairer and operate better than current casinos, but it was too hard due to my thoughts on the industry. Of course, trying it would have been something I would have been open to given there was good people to work with available and motivated, but I never looked hard enough because of my own personal conflict....and of course, most conditions never permitted it anyway. The domain still sits in my hands and I do renew it every year

When building a business then passion and interest would really be much preferred or needed on which it would really be giving out that kind of advantage considering that you would really be that needing for you to handle it well basing up with your knowledge through it. Dealing up with business on which you dont really have any idea would really be challenging at all or somewhat boring on your part.Nothing beats out if you are really that interested on the business that  you are building specially if you are a gambler or fan of it then having a casino business would really be a dream come true
kind of situation and we know that building one is never been cheap or something that could really be that so easy.This is why only a few could really be having that kind of power
and capability on doing so. If ever we do give up some chance then no one will surely refuse knowing this business is really that profitable.

Very interesting discussion and I will add some discussion to make it more interesting.
If you say it's not about money but when everyone has the money to build their own casino who will gamble but another question if everyone has the money to build a casino do they have experience in terms of gambling systems?
One day I thought, when I have a lot of money, I want to build a gambling business because this business provides quite a large income, but on the one hand, I think I only have money, I don't have any experience or knowledge in systematic terms in casinos, don't I? should I hire multiple teams to grow my business? But if I didn't have the knowledge about it, when I was lied to or cheated, I would never know and suddenly my business would go bankrupt.
In this aspect, it seems that it is not just about money but experience and knowledge that are the benchmarks for someone who will build a gambling business.

I think that having your own casino is like having your own stock exchange - you can consider yourself wealthy, like someone who has found a treasure.
But!
 It is possible that opening your own serious casino is one of the most difficult tasks in organizing business processes.
You need to hire: mathematicians for algorithmization of games, designers for style, programmers for the site and for the application and servers, lawyers for registration of all aspects, have a personnel department, accountants, and this is the easiest thing!
You need to understand very well that competitors will arrange DDoS. That the mafia might start to be interested in you...

In general, this is on the verge of the impossible.
.

I really get the points the both of you are coming from, but let's not talk about the money aspect, but let's talk about the other hand, even if everyone had the money to open a casino, who would be the gambler? Because if everyone wants to gamble, they will just go to their own casino and gamble and the gambling industry will no longer move forward the way it is now.
However, for an individual to have his or her own casino hall, that person must have enough money.

I think you can always build your own casino and play games win or lose. You can hire a personal software development expert or contact a software development solutions company to develop any kind of casino games you want. But it becomes an issue when you want to monetise it or make a profit from it. If you want to gamble and play games with your friends and family, you don't need a licence or government approval. But once you want the public to use your gambling platforms, then you have to register the casino.

The gambling business is very profitable if it is well-managed. If your casino abides by its terms of service and satisfies customers, it will become reputable within a short period of time. But I prefer to play in other people's casinos because I don't think I will be able to manage a casino. I respect casino operators because the gambling sector is very complicated and risky. They have to face government regulations, licencing, scammers, hackers, etc. But if I can design some games that will be played just within my close circles, then I could start a family casino.     

Money is very important but to me, the first thing is knowledge or experience. I think the best casinos will be owned by experienced gamblers. If you have the money and lack the basic knowledge about the casino business, it will not succeed. You might end up wasting the money because of inexperience. This is why people hire gambling business experts to help them establish casinos. But when you have experience, with little funding, a casino can be established and groomed to succeed.

Yes, because if you don't know the knowledge, what is the point of building a business? After all, not many people have the dream of starting their own casino because most of them, on average, prefer to be users because they want to feel the adrenaline rush when gambling. I think we all know that building a casino business is not It's so easy that the reason why people don't want to build it is because they don't have the knowledge.

Something that is run only by desire without knowledge will definitely be difficult to achieve what can be achieved from the casino, building a casino is not only about building it but also thinking about how to pay someone to maintain the security of the site as well as doing good marketing to enliven the casino, the desire to have Casinos are not what people imagine.

Money is the basic problem in my opinion. If you have enough money for the business and to cover all the expenses, you wouldn't have any issues at all, and a casino can be a very profitable business if it's run in a good way with proper management and everything. Who wouldn't like to have a profitable business that wouldn't even need a lot of money for maintenance and everything once it starts getting profitable? Everyone would want that, without a doubt.

So, if someone doesn't want to start a gambling business, it's not because they think it causes a lot of stress and everything, but it's because they can't afford to do it. If someone has experience with gambling and gambling businesses and also the money to be used for it, they would never stop themselves from doing that.

Hmmm...but I see it differently, passion or not, you can succeed in anything but you must first try to learn it and be adequate resources-wise. It's not all that people have passion for that they do and get successful in it and it's not all that you don't have passion for that you do not succeed doing. Some success is just by chance, you can ask some successful business people, and some never planned it that way. Gambling is a business, anyone can venture into it since the good prospect of earning is involved and one could bring in experts and get to smile to the bank.

In this, you are using the passion of others for your own good, that's one of the secrets of rich people, they don't get involved directly in most of what is giving them that huge money. But one thing I do not like is for someone not to have a reason (genuine or not) for doing things at all but just venturing into it because others are doing it. One must have the drive, it could be for the money, passion, connection/relevance and so on.

yes I agree with you, not everyone can have their own casino, because as far as I know there will be a lot of money needed to open a casino, so not everyone can open a casino, not to mention the permits that must be done regarding opening a casino and many other things because not only that, if they really want to open a casino they have to pay attention to other things but the most important thing is money because casinos are related to money, and there are also people who must be paid because it is impossible for them to do everything themselves.

And also if they have opened a casino they have to pay the winning players, not to be like what you said, run away to cheat all the players. as you said friendly service is of course also important, because the service of a company can have an effect or a bad impact if the service is not good.

Creating a casino that isnof high standard normally cost a lit of money so I think it is not everyone that would be able to afford the stress and what it would take to employ programmers that would develop the site and incorporate games and other softwares that would make the site functionalm and easy to use without any more glitch. Getting a license also can take some time and money also so. This is why not everyone is interested to create their own casino looking the stress and a lot of things that need to be done for the site to be fully functional.

When the situation continues to experience defeat when playing, no matter how hard the addiction is, you will feel bored and the thought of being able to withdraw the amount of money that has been used up will definitely appear, even though that will not be realized other than by creating your own casino because if it is not this way, it is impossible for us to win.
I think the idea of having your own casino is not a bad idea. Rich people with money and influence will do it.

It shouldn't be necessary because gambling is not about getting rich. But imagining having your own casino is really fun.

Own casino? No interested even if I was the richest man in the world. Why? Because that would make me addicted to gambling in a really bad way for sure which is not something that I would want to go through.

I primarily play various casino games for fun while I focus on sportsbetting for making serious money and I am content with all of this.

In building a business then it wont really be that recommendable that you should really be putting or pouring huge capital directly or trying to go all in on whatever the expenses that you would really be gonna make use on which we know that there's no assurance in speaking about business success no matter how good the industry is, knowing that competition and other factors are there on which it could really be affecting out. Passion does really play a great role on someones success because doing something which you dont have that passion nor even the idea on what it is
then handling yourself on this business would be hard.

We arent saying that it cant be possible since everything on this world could really be that learned if you are really just that eager but it is really that truly
different if you are really that serious on dealing up with something which is really that  in line of your interest.

As a gambler,  having your own casino no matter how rich and influential you are will be a man getting high on his own supply, which will not amount to any good outcome in the long run,  and for sure,  we may have some experience gamblers who may want to run their casino,  and I don't see anything wrong with that, I here can provide the man powers and technical support for the site then they may become successful some days.

Also but we can't determine the extent to which that success will come most especially when the gambler is a heavy gambler with lots of addictions to deal with.

In life, the best place to work is always to be a mediator (the casino is a mediator as well). The intermediary is never responsible for anything, he is not responsible, but only provides services and creates conditions for a specific type of activity. Of course, it’s very cool to have your own casino, because this is a place where you don’t spend anything, and the gambling industry brings in a lot of money! True, this is money partially earned from human addiction, but that’s okay, because at the same time the casino makes a huge number of people happy! For example, we are all happy here to wear signatures that are often sponsored by the gambling industry, and we are grateful to them for encouraging our communication in this way.