Would You Build your Own Casino(online/offline) If You Know You Can? - page 2.

virasisog

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Quote from: piebeyb on March 07, 2023, 08:38:41 AM

Quote from: crzy on March 06, 2023, 04:28:42 PM

There’s a sayin that, even if you know doesn’t mean you have to do it and for this one I will not build my own casino because first of all you need millions of money just to have a good casinos, and its too stressful to work alone so you should find a good team which I think is not easy as well. Casino is a good business, but it takes a lot of money for you to establish this, you have to consider this first.

working alone will be stressful even though you have the skills to make it because you need a team that you can trust to build the casino, it's not easy to find trusted people to be a team because this has to do with money, sometimes one of our teams can drain or steal money in the casino without us realizing it so far as I know it is difficult to build a luxury casino because a small casino will not benefit anything and will only be a waste of time.

I believe that one of the challenges of building a casino is to struggle of finding trusted people to help you establish a firm casino because when money is involved, loyalty will truely be tested. In my personal opinion, building a casino is profitable and challenging at the same time but in my case, I will choose not to build one because there are lots of new casinos that exist each day and the competition is getting stronger. I prefer to build other types of businesses that will suit my ability. Well, we all have different preferences when it comes to business but our common goal is to make a profit.

Fivestar4everMVP

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Quote from: Pierre 2 on March 07, 2023, 03:20:38 AM

I think owning a casino can be awesome considered profits made. I am pretty sure most of casinos (especially physical ones) are like money printing machines. Although I am also there are so many regulations that make it very hard to operate a casino. Online Crypto casinos even, sometimes they limit you. (I once forgot about my VPN and used Dutch IP to enter stake com but I got warning). Regulations, taxes etc. are hard to deal with.

I personally think that with money, regulations shouldn't be an issue, even the Holy Book(Bible) made us to understand that money answereth all things.
Talking about regulations on a more serious note though, I believe it largely depend on the country one live and is operating the casino from, like in my country here in Nigeria, A casino business, whether a land based casino or online casino, is a very lucrative business as the government currently do not give much attention to casino regulation in the country.

So if somebody like me now decides to start a casino business here in my country, there is a big chance that I will make it big in a short period of time, most especially, if i have the money to pay for heavy marketing and promotions, both online and offline, and also have the influence and affluence to win me partnerships with good and reputable companies as well as big names in the entertainment industry.

piebeyb

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Quote from: crzy on March 06, 2023, 04:28:42 PM

There’s a sayin that, even if you know doesn’t mean you have to do it and for this one I will not build my own casino because first of all you need millions of money just to have a good casinos, and its too stressful to work alone so you should find a good team which I think is not easy as well. Casino is a good business, but it takes a lot of money for you to established this, you have to consider this first.

working alone will be stressful even though you have the skills to make it because you need a team that we can trust to build the casino, it's not easy to find trusted people to be a team because this has to do with money, sometimes one of our teams can drain or steal money in the casino without us realizing it so far as I know it is difficult to build a luxury casino, because a small casino will not benefit anything and will only be a waste of time.

Vaculin

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Quote from: Fivestar4everMVP on March 04, 2023, 02:32:52 PM

So this evening, I was thinking within myself, Businesses I could start if I made good money, I mean money large enough that I could start any business comfortably(no matter the cost) without going through any financial crises before, during or after starting the business.

So one of the ideas of businesses to start that came to my mind was a gambling casino, online casino preferably for me, so as part of my research, I thought I should put this question out here to you guys …

If you made a billion dollars or even more, as someone who love gambling/betting and have been doing this on several other casinos for many years now, would you rather start your own casino?
Or would you prefer to keep gambling, doing your sports betting on other casinos even when you know you have more than enough money to start your own casinos and make the casino as big as you want it to be??

Inputs are greatly appreciated.

You should know that aside from needing at least a billion dollar to fund that kind of business, there's a lot more factors that you need to know, understand and to consider before starting a business. It's sure easier to talk and think about it as long as you got the right funds to start it, and I don't blame you for that but in reality, money is just your first problem to solve and after that, there will be a lot more.

You sure don't want to hire someone just to make your business moving as that is not profitable at all, you yourself needed to man it in-order to have a total control of it. Owning is simple mate, but running it is where the challenge starts.

Cling18

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If I have the capability to put up my own casino as a business, then I will definitely do it but I will make sure to consider all the stuff needed to establish it better. It needs good preparation so from the financial aspect to knowledge-wise, I will make sure to polish everything. Having capital isn't enough to build a good casino because it takes time and dedication to run it successfully. You will also be needing trusted people to help you establish it so you have to be prepared financially and emotionally.

AicecreaME

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If I have the resources to establish a casino, such as money, I would probably do so. This is because it will be an additional source of income, a business to generate an additional fund that could be used for other expenditures or to venture on new business ideas I have in mind. This could also pave way to offering the players near me, if I would ever set up a physical casino, to have more options and alternative games to play than the usual ones in traditional casinos.

But of course, this will really take up a huge responsibility. Since building a casino and any other business in general takes a lot of effort, time, and money. One must be hands-on if he wants to be an entrepreneur. In this case, I will have to sacrifice and consider other things if ever I'll venture into this industry knowing that gambling is still some sort of taboo topic even here in our country.

TopTort777

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I dont think it is hard to start your own casino. There are enough scripts to be purchased for a start, gaming providers also aint that hard to connect. The only problem are budget for promotion and budget for payouts. But, even if I have enough funds I would not build my casino. Answer is simple - gambling is about emotions. I gamble to get emotions. If I build my casino, gambling would turn into work for me. I think I wont be able to get same emotions from gambling if I work in that industry as a boss.

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Quote from: Shinpako09 on March 06, 2023, 11:46:05 PM

If I have enough funds and ability I will make one. It's a money-making business we are talking about. Just look at how successful the gambling business is these days. As long as you have enough funds to cover all losses, site maintenance, security, and all others needed to make the site secure from attacks.

I will only make one if I have other business, just to make sure I won't be broke if things go the wrong way. I'm not gonna go all-in. There is a saying, don't put all your eggs in one basket.

That's right because it depends on the funds we have. Who does not want to have their own business that has the potential to be able to earn a lot of income? But unfortunately, most people can only imagine that they have a lot of money and must have devised a plan to use it to make more money.

Besides that, many of us want a passive income life where we can retire early and enjoy this life without worrying about a lack of money. And that is why many people want to earn more money through various means. Well, hopefully in the future, we can have more money that we can use to create a new business.

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Quote from: Fivestar4everMVP on March 04, 2023, 02:32:52 PM

If you made a billion dollars or even more, as someone who love gambling/betting and have been doing this on several other casinos for many years now, would you rather start your own casino?

Never again.

They are highly dependent on the crypto market conditions, and we saw the latest bear market wash away many businesses. That does not even include the number of unlisted businesses that don't even operate as a company. So it is very easy to experience a bank run if you run out of money, and your (not just the business'; you too) reputation will be ruined forever as a result.

Pierre 2

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I think owning a casino can be awesome considered profits made. I am pretty sure most of casinos (especially physical ones) are like money printing machines. Although I am also there are so many regulations that make it very hard to operate a casino. Online Crypto casinos even, sometimes they limit you. (I once forgot about my VPN and used Dutch IP to enter stake com but I got warning). Regulations, taxes etc. are hard to deal with.

CryptoHeadlineNews

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Quote from: Fivestar4everMVP on March 04, 2023, 02:32:52 PM

If you made a billion dollars or even more, as someone who love gambling/betting and have been doing this on several other casinos for many years now, would you rather start your own casino?
Or would you prefer to keep gambling, doing your sports betting on other casinos even when you know you have more than enough money to start your own casinos and make the casino as big as you want it to be??

Inputs are greatly appreciated.

The casino business is a multi-million dollar industry, and at such, one of the best investment any individual can go into this present time, that is, only if he/she has enough funds to launch from scratch to finish, because there is a high tendency of you making more profits as your customer increases with time. But however, if I'm opportune to have this one billion dollar just as Ju you O.P suggested, there are basically two kinds of businesses I have in mind to go into, which includes "Real estate & Casino Business".

Shinpako09

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If I have enough funds and ability I will make one. It's a money-making business we are talking about. Just look at how successful the gambling business is these days. As long as you have enough funds to cover all losses, site maintenance, security, and all others needed to make the site secure from attacks.

I will only make one if I have other business, just to make sure I won't be broke if things go the wrong way. I'm not gonna go all-in. There is a saying, don't put all your eggs in one basket.

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Quote from: Alisha-k on March 06, 2023, 11:18:27 PM

Aside the financial ability, they're so many things to consider before starting up a casino,
*We know casino is time consuming, before going in, you should be sure you have enough time to spare for the business
*Like everyother business, they're advantages and disadvantages to starting a casino business, find them out and be sure and convinced that's what you want to do.
*I'll stop here, what's the casino constraints in your country? Would your business be encouraged or looked down on??

time is just a little problem if you are financially capacity in building a casino because you can hire almost everything with pay(but of course you must also understand technicalities because this is the most important part of the operation) so with this it only means you only need to spend small time but big money from hiring design creator and managers and bug hunters to make your site functional completely in short time.

Alisha-k

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Aside the financial ability, they're so many things to consider before starting up a casino,
*We know casino is time consuming, before going in, you should be sure you have enough time to spare for the business
*Like everyother business, they're advantages and disadvantages to starting a casino business, find them out and be sure and convinced that's what you want to do.
*I'll stop here, what's the casino constraints in your country? Would your business be encouraged or looked down on??

romero121

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With billion dollars we don't wanna risk anymore. We can just invest into best cryptocurrencies and take rest. I won't get into creating a gambling platform for which my choice will be creating a physical platform that lets to educate people. Maybe a separate University teach about cryptocurrency will be my choice. Part of that will be research about gambling, because I find gambling as one of the industry that have grown big through cryptocurrency as well as the industry that supported with the growth of bitcoin in the beginning days.

Oceat

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Of course I would but first, let me reconsider that thought because if you knew or I knew I wouldn't hesitate to make something like that but the problem is money matters. You need a lot of money to invest in your business, it's not just like a ride in a bus there are things that we need to reconsider first before we should start taking that path.

That winning a million was way far too good to be true to some of us and if I had a million dollars I wouldn't mind making my own business someday but not a casino. If someone who could only think casino as their business perhaps they are too addicted with the game or they have full idea on how this thing running.

seoincorporation

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Quote from: Fivestar4everMVP on March 04, 2023, 02:32:52 PM

If you made a billion dollars or even more, as someone who love gambling/betting and have been doing this on several other casinos for many years now, would you rather start your own casino?

This is a complex question because if we already do that amount of money we don't have to work anymore in our life or event to think about the next business.

Maybe getting our own casino should be a step before becoming rich, and a good way to hit our goal. The issue here is that running our own casino isn't cheap at all, we need money and we need the time to make it work. And is a stressful business because you need to deal with bousers, find good marketing, and get ready to deal with the coins price drops.

goldkingcoiner

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Quote from: Fivestar4everMVP on March 04, 2023, 02:32:52 PM

So this evening, I was thinking within myself, Businesses I could start if I made good money, I mean money large enough that I could start any business comfortably(no matter the cost) without going through any financial crises before, during or after starting the business.

So one of the ideas of businesses to start that came to my mind was a gambling casino, online casino preferably for me, so as part of my research, I thought I should put this question out here to you guys …

If you made a billion dollars or even more, as someone who love gambling/betting and have been doing this on several other casinos for many years now, would you rather start your own casino?
Or would you prefer to keep gambling, doing your sports betting on other casinos even when you know you have more than enough money to start your own casinos and make the casino as big as you want it to be??

Inputs are greatly appreciated.

Would I rather start my own casino? Oh hell no.

I am not the type of person who would give up so much life time and peace of mind just to make large amounts of money. I mean think about it- If you have your own casino there are multiple things you need to worry about. First, you are responsible for taking care of the customers money. One bug, one exploit, one hack... And you will be left stuttering excuses in court. Secondly, regulators are going to be watching your every move like hawks. One wrong move and you are in legal hot water.

And of course the customers will slander and blame your casino whenever they make an upsetting loss.

I would not have the nerves to put up with it for long.

Mahanton

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Quote from: crzy on March 06, 2023, 04:28:42 PM

There’s a sayin that, even if you know doesn’t mean you have to do it and for this one I will not build my own casino because first of all you need millions of money just to have a good casinos, and its too stressful to work alone so you should find a good team which I think is not easy as well. Casino is a good business, but it takes a lot of money for you to established this, you have to consider this first.

Would really depends on the idea on your mind on which you would really thinking on having one or not, you do have the money then you do have the full capability whether you would be building one or would really just decide on remaining yourself to be just a player.We know that building a business wont really be that an easy because there are lots of things or factors which you would really be needing to handle for you to be
successful but since you are already that in the peak in speaking of success which its up to yours whether you would build one or not.For me i would stay up on a gambler since its for leisure,
if ever it do goes inside of my mind on having one then lets see.

crzy

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There’s a sayin that, even if you know doesn’t mean you have to do it and for this one I will not build my own casino because first of all you need millions of money just to have a good casinos, and its too stressful to work alone so you should find a good team which I think is not easy as well. Casino is a good business, but it takes a lot of money for you to established this, you have to consider this first.

Topic: Would You Build your Own Casino(online/offline) If You Know You Can? - page 2. (Read 652 times)