Topic: Have your own casino. - page 8. (Read 1431 times)

I don`t dream it. It may be easier to get money from gambling than from casino. The first moment is to start - you need lots of money and time. And it is before the casino even started, so you don`t have any income from it. After start you can get some income but until you prove that your casino is fair, it will be small money, i don`t think that it would be enough to pay taxes, salaries, marketing promotion, some other expenses.
And only after several years you can get some stable income that will be higher your expenses. And after some more several years you will return all money you spent.

That is probably one of the most expensive parts of running a casino, specially one which is not well known and is trying to get some attention among a sea of competition.
Advertisement campaigns are expensive in general and anyone wishing to start a casino should not only consider to hire people skilled in coding, security and art (in order to keep their games and seek for bugs) but also a PR/advertisement department would be necessary, to keep attracting new gamblers in.
It is possible to have success with a small ad budget, but it would require the casino to be so good and so enjoyable that people would be willing to spread the word by their own in a massive way, that is not so common to see nowadays. Sadly, it is easier for people to spread the word about a disgusting ponzi scheme than a good casino which is new.

That's what people who want to build a casino should pay attention to. They have to prepare quite a large amount of capital to build a casino from scratch. We must also have a team that can work together and have unity so that what is planned can run well.

Marketing is something that casino owners must do to get lots of customers. For this reason, casino owners also have to allocate large amounts of money for promotions. Hiring a streamer might help but it depends on your capital because it is not a cheap expense.

Having cash in your balance is also worth paying attention to because there are lucky gamblers who can get big wins. They will withdraw their winnings and that is why the casino needs to have a lot of money to be able to pay them. There are many more things that need to be prepared and only people with a lot of money can build the casino.

For those that have successfully achieved having a casino, all they needed is to continue to have an effective management in other to experience a prolonged sustainability of the gambling platforms, it's a profitable business though but it also requires money to maintain it daily operations, there are some other oversight expenses we don't normally considered as cost to the overal financial requirements needed for a casino to function well as needed, but despite all these, they are still profitable to run as long as people are making a patronage to gamble.

It's true about that, but I stated that I'm not ready to face all the problems about if I have a casino, I prefer the risk of investment, although the risk may not be as bad as a casino. I also don't know for sure but if I have a lot of money it's better for me to invest it, you also probably know the difference between investment and gambling so I don't need to explain the details.

even though it will be profitable but I am worried about the problems that will come over and over again, I also gamble on slots but even though I have experienced big wins and seen all the people who have lost a lot from gambling here, it is certain that the gambling company has won a lot but I am not interested in having my own casino. don't care about other people.

At first I do not want to have my own casino because I'm not really into gambling back then. However, one of my customers who is just a college student years ago playing in our then-computer shop, has now owned his own online casino and hired many agents under his wing.

Until now they are still doing good. I've met him during a big Web3 conference last year and had no idea about running his own online casino and a gaming guild. When I reconnected with him, I saw what he achieved as he supported my local Web3 meetups since January of this year.

Because of his hardwork and perseverance, it really inspired me to think about building my own online casino in the near future but I do not want to compete with him. Maybe I will just be doing my homework like requirements, licenses, etc., to really begin my own.

If I was not hacked big time as well as bad decisions and victimized by rug pulls, I would have a budget to start my own online casino like my friend.

Apart from that, they also have to pay attention to other things because not only about that, there are many other things that must be considered if they want to open a casino. I think that to open a casino will require a lot of people who are experts in their respective fields so that it can be realized properly. Also they must have a strong mentality because a casino in my opinion is a big thing.

Yes that's right, financial strength must be considered because this is one of the most important roles in opening a casino. Having a lot of capital is one of the requirements for opening a casino because opening a casino requires a lot of capital because casinos are not small things, this is a big thing, and there are also many other things that must be considered because it is not just about money, to have a casino of course requires people who are experts in their respective fields, therefore money is the most important in this case to open a casino.

Owning a casino is not just an easy way and yes if you have already build your own casino then a lot of money will come at you but we must always remember that building a casino is not just  easy you need to have a bigger amount in order to sustain your bankrolls and also you need to pay for your marketing so that your c new customers will be come.  You need to spend your money's in to your promotion like yo will pay for the streamers do that your casino will publish.

Well, there is stress in all sorts of businesses if you are the owner of the business because, at the end of the day, you are the one who will face the music if there are financial problems in the business. Other than that, you will have to hire employees who will manage everything else and you will only need to give them instructions and make sure that things are being managed the way they should be, you can even hire a manager who will do all that and you will just check the reports that they will show you and frequently have checks manually.

However, it's not easy to set up a gambling business, even if it's online. The very first thing that a person needs is a pretty big investment for it, an office for the management of the platform and everything, and then a proper plan for the platform and the games and how everything will be designed and operated, and then hiring required staff to manage everything.

If you have the money to do it, you can just hire all of those people that you've just mentioned so it's no big deal that you have to worry about those stuff if you have the money, maybe having an intimate knowledge on the business can help you a lot. Risk will always be there so it's nothing to be worried about because when you've taken on that risk of building a casino business, you're already doing good. To answer the question about dreaming of owning a casino, yes I do have that dream once because that's probably the easiest business in my opinion at that time but then reality hits and I saw the dark side of owning a casino and how being an owner, I am also contributor to the rampant gambling addiction that's plaguing people around the world.

It takes a great deal of patience, time, and money. Credibility and honesty are more important than glitter and glamour. A trustworthy location is what gamblers seek out more than just a spot to play. Don't even start if you're not prepared to put in the effort

Financial strength is paramount. We are all aware of this. A weak financial foundation makes a casino like a house of cards that is prone to collapsing with the least wind. No matter how big their wins are, gamblers need to know that their money is secure and that they will receive it. Therefore, I would suggest that someone is setting themselves up for failure if they are intending to operate a casino without a sound financial plan. It's not enough to simply possess the money; you also need to handle it strictly

when I was a kid yeah , I dream of owning my Own gambling table because of the commission table can get each game as i have seen that in my Uncles house that has multiple table for different gambling games.
 but Now that I know how much capital and knowledge we need?> that is a too much for me and I cannot afford both money and knowledge.
but those improvements are what new gamblers wanted , though issues occur more often now because there are Game provider and site owner that needs to deal with.
looking for stories also , admiration is what they can bring specially those successfully managed to create their casino and still working now and developing .

You're right, it's capital intensive to start a casino business, you also have to be experienced in gambling sector because you will need to employ alot of developers and other clients to work under you, there's a need to also unde how to make a business management within a professional standard, but we can also do the best to achieve every desired means for best results, though it has its own risk as well.

Building a casino I think takes a whole lot more of investment ie Capitals, time, patience and lots more and only those who can withstand the difficult time would be able to build it up to finish and I vividly can recall that casinos are not just a sign of just playing games around but of credibility and integrity and that is what majority of the gamblers are looking at before they engage with casinos. So therefore anyone thinking of opening a casino should have this few tips at hand otherwise they as re just wasting their time and resources.

Nevertheless, another factor worth looking at is the financial strength of the casino as nobody would want to risk their funds with a low win casino because they see them as bait to run away with their funds. So in that case, casino opening should have a mega financial status to back them up while running live because some instances where win is much bigger they would have to pay the gambler irrespective of whether they are at profit or not. So running a casino is not a thing for faint hearted.

To own a casino is pretty simple and anyone could do that with little effort and almost no knowledge and skills, however, to manage and it succesful plus sustainable it's another story...

If we think broadly, there are many small casinos around without any kind of regulation. I'm saying about those faucets websites where there are simple gambling games available, mainly dice. However, nobody plays there. They do exist, websites are active and running, there is someone behind them, but they aren't profitable because traffic must be nearly to zero.

Maybe if we were talking the early years of cryptocurrencies those micro casinos would still have a chance, but not anymore considering the currently size of this industry and how influent and dominant some companies have become.

Now the competition is played by big entrepreneurs and their armies, and not by individual developers exploring a new world like it was 7-10 years ago. The dynamic here has changed considerably.

I agree wit you that not everyone has the talent or what it takes intellectually to effectively manage a casino, but I do not agree with you where you said that not every one can own a casino. Everyone who wants can own a casino bud, and I mean anyone at all, even an uneducated person can own a gambling casino if he or she wants, all that matters is if he or she has the money to run it, and also have people who are talented and trustworthy around him or her.

That I own an online gambling casino does not mean that I must be the one to manage it, people who have absolutely no idea of how medicine works, but have the money build world class hospitals, and hire world class doctors to manage the hospital while he (the one who built the hospital) just sit by the side earning his money, and in some cases, worker may never get to know who the real owner of the hospital is, they will always think the doctor who is the manager is the owner of the hospital  whereas his not.

This same thing can apply for gambling casino as well, anybody who has the money can build a casino and hire some one with much experience in casino management to manage the casino, while he (the owner) takes care of all the financial aspect of the casino, like providing money for marketing, payment of workers salaries and so on.

Agree into this one on which even if you do have the money but you dont have that appropriate knowledge on a certain business because its neither out of your interest or having no idea then i dont see for it to be ideal that you should really be running one but if you are really that eager or interested then you could still possibly be able to learn.Therefore, it would really be that always according into your own preference and risks taking since in every business there would really be a risks on getting bankrupt or failure. This is why it would really be that relevant that you should be wary about those potential
and possible danger that you could be able to face on.

Doing or having business is totally different to those people who do actually play. There's always that kind of fine line in between business owners and into its clients or users.
IF we do speak about money making then having business would be the key but if we do speak about entertainment then gambling would be the choice.
Business and leisure is really that two different things in the end.

Not everyone can own a casinos as owning a casino needs not only the capital, the money but also the knowledge on how to operate and run the casino.

Let suppose you have the money , you have the developers with you built or buy a running casino but then still it would not work because the competition here is too much and without effective marketing it is not possible that new casino become the choice of the gamblers.
Again I will emphasize that owning a casino is more profitable than playing at a casino but this is not easy and not everyone has the talent to do it.

Even on other form of investment would really be still imposing such risks on which there'a no way that we could really be able to avoid such thing on which it would really be just that normal that you would really be really that facing those probabilities on which it would really be that a common approach but well each of us does have that own preference when it comes to things. We arent that blind that gambling business
is really that indeed profitable and there's no way that it wouldnt really be  that making out some good profits specially if your business is already that gaining some traction or recognition on which its something that wont really be that so easy when running not only gambling business but also in other business as well. Demand and recognition would be the toughest thing to gain on.

agree 100% and I am sure many more want to see this and have the opportunity to run their own casino the Money Pot way