Topic: Would You Build your Own Casino(online/offline) If You Know You Can? - page 5. (Read 642 times)

I would love to build my online business and casino is a good option but I have not the basic knowledge how the back end works
If I get to know that - I would surly do it! 100%

something like this has also crossed my mind, but if it is true that I am in this condition (having billions of dollars in the capital) then I have no intention of starting a gambling business because I know I won't have time to start it.
apart from that I also took Drake as an example, he has a lot of money but why did he never have the intention to open a gambling business and instead continues to play at stake.com
I understand a little about Drake's reasoning and in my personal opinion, being an ordinary gambler is easier on the mind than opening my own gambling business.

If its really in line on what your passion is or a habit then building one would be likely but it does depend on if you are really that pursuing on creating one.In my part i would create one
but wont really be that an assurance because i might really just focusing on playing without having the hassle but for sure if you are billionaire, you do already have lots of
business which your income source which means if you do decide to adding up one then you would consider on building one but it would really be that
basing on your interest in the end of the day.

Provably yes, If I had all the resources to start building up a casino for sure will start one. Because its really fun to create a business which line to your hobby and for having this for sure you can enjoy this and can expand since you have all means to operate this. For sure running a lot of promotions and partnership will be an exciting part here and its fulfilling especially when your business growing up successfully.

We know how does the gambling casino works and could be a good business because there's a lot of people keep actively playing gambling but this kind of thing must need to have a team like with the developer of the front and back end and also the marketing strategy for how you do make good promotions, but this kind of project still requires a lot of time and effort. If you have with this it's good to share in the community too like the promotions made by other casinos.

Even though I have enough funds to start a casino and also have the skills to continue developing so will not be 100% dependent on developers getting into the casino business whether starting it alone or being part of a team is not something I would consider doing, I love to play casino games or also betting on sports betting but I only like to play nothing more.

My answer is no. Why? My purpose for gambling is for the fun and thrill of it. There is absolutely nothing fun and exciting about going into business especially the gambling business of running a Casino. If I made a billion dollars or even more what I would consider doing is to be a game's provider.My reason will be because I want to create casino slot games that I have always fantasized about since I was a kid.

With regards to sports betting, if I made a billion dollars or even more instead of becoming a bookie, I'd rather start a business that offers expert sports betting advice. I'd leverage technology to create artificial intelligent models that would enable punters make smart bets on sports games.

Owning the casino will be the dream of most of the gamblers.Because playing your own casino is like ruling the jungle like a Lion King.Then we have some glory of other gamblers using your gambling.The joy of owning the gambling site is nothing like anything,I can’t explain my happiness in the word.The important part is we need to save all your money to make it huge.We all have lot of expenses daily,our personal commitments.We need to feed food for our family,apart from the expenditure.We should have a habit of saving some money from the expenditure.Then we should find the correct person to developing the gambling site.

casino business is not very easy. It is a very hard business. So no one can succeed in casino business if they only have money.  To do this requires different strategies. There are huge number of online casino sites in the market now so it is very difficult to survive in the market by competing with them.  And when someone starts an offline casino business, there will be various government restrictions and taxes, so even if a person wants to, he will not be able to succeed in the casino business easily. And to survive offline casino business will require political power and various technical strategies. so i will not interested to build a own casino site. coz i think gambling should be a place of fun for me it shouldn’t be a business for me.

Even though you have your own casino, you can't gamble on your business, because if you win, it will raise a red flag among customers who will think the house is rigged to favor the business' owner. Therefore, you would still need to gamble in another casinos you aren't partnered with.

But nothing forbids you from making profit running your own casino and using the profit made to gamble in another casinos.

It’s good idea about starting the business and that includes the crypto currency.We all earning some dollars from the crypto currency,but we need to make use of the knowledge of crypto currency.Most of the people in the world doesn’t know what is crypto currency.Even when I had tried to share some about crypto currency and it’s benefit.My friends doesn’t willing to here that,then I shared them about gambling based on the crypto currency.My circle is filled with the gambling interesting people.If you had started the business,we guys would love to participate in that.Only thing is the site must be loyal to the users too.

I have a bit of a personal question....

Is your gambling under control or are you a bit addicted to gambling? The reason why I am asking is this.... I have seen people who love to visit bars, going on Pension and buying a Bar ..because they say that is what they like. Many of them have no clue how to run a business and end up drinking themselves into bankruptcy. 

Also, your passion for gambling might be gone.. once you see the inner workings of the gambling industry. It is not as glorious as many seem to think. (I have family members in the gambling industry) 

in my case if I had a billion dollars I would open my physical casino, in my country it is more advantageous to open a physical casino than an online casino, with a billion dollars I would be able to build a luxury casino in my country, but the serious casino aimed at all social classes, I would pay for advertising and invite artists from my country to publicize the casino, in the casino I would create something like:

when the customer entered the casino, he would have an employee who would direct him to a room where he would explain everything about the places in the casino, its games and how he should proceed when he won and wanted to withdraw the money and also when he had a problem, too would put an entertainment room like: a stage where there was live music and a bar for customers to drink and relax, when a customer lost a lot of money, for example if the customer lost something like more than 2000$ in one night or during the whole the day, he would have the right to enter the bar for free to watch live music and drink for free worth 100$

if a customer lost more than 10,000$ during a month, i would give him a 100$ bonus to play in the following month, of course i would also do a lot of promotions like lotteries to make people go to the casino to play, the physical casino without a doubt which would be the best choice in my case to implement in my country

Offline casino will carry many risk like criminals and other things, not to mention if you live in a countries where offline casino are illegal. This make you have no way to build your own offline casino in your country.

I think online casino is good if you want to build your own casino, because you don't need to be legal and you can use someone KYC to register your domain in order to become more private. You're also have a right to create any terms of service and can easily accuse someone with your rules.

You are right that there is too much competition among gambling sites and there are many new gambling sites that are coming up, the competition is high. But one thing I know is that new gambling sites are making it, you can see many gambling sites came up and making high amount of money. But I just do not have that mind to have one if I am rich but as many as they are, still they are making money as long as your gambling site is legit, having many promotional offers, deposit offers, having good customer care, good payment and withdrawal method and if it is trustworthy.

Owning a casino is just a dream for me, even if I have much money to do it but the regulation in my country is not that friendly because it is against the law. Gambling business is like a very profitable business and I believe most people want to have it although the competition is quite tough at the moment. With the situation in my country, I think I will not build my own casino even if I have billion dollars but maybe the best choice is that I move to other country where gambling is legal and I can build and manage my own casino.

Starting an online casino especially when you have all it takes without you having to run into financial crisis is a very good business and to be frank, I'm very sure that starting a casino and getting it running isn't an easy one especially at the starting stage because it very expensive to run a casino especially an online casino which is expected to serve from from different parts of the world at same time.

If I have what it takes just as you asked, then definitely without any or much hesitation, I will dive into owning my casino and while doing this, I'll ensure to get the best management for this as the success of the casino is paramount on the management. And there are other several other business one could venture into with that kind of money and an online casino boss definitely one.

If I had a billion dollars, I would never bother building online or offline casinos. What's the point of making more money, if you are a billionaire? This is just pure greed. If you are talking about making your own casino only for the sake of playing gambling games there, I can't find a valid reason to waste my time doing such thing. I guess that I won't be losing the money, which I spent gambling on my own casino, but if I was a billionaire, I wouldn't care that much about wasting thousands of dollars on another casino.
Even if I'm not a millionaire/billionaire, I wouldn't start a gambling business, because the gambling industry is extremely competitive.

I might be starting my own casino and to do that, I need a lot of preparation, including domain, hosting, a team that will help me, capital allocation, types of games and others.

Maybe it will take a few months to launch my casino, but I'm sure it can run well with everyone's support. It's better to try to start your own gambling business than to play gambling, even if only occasionally because you can make money as income by having your own casino.

And if the casino can get bigger, it will generate income for us. And of course, we as owners must manage it well to get a good reputation.

With a billion dollars you can retire and not work. What happens to a lot of people when they do is that after travelling and playing golf for a while they decide to go back to work to fill their days, being their own bosses and in a project they are passionate about. Better this, because the other alternative that usually happens is that they start with drug abuse and end up badly or in a detox clinic.

In this case, if it happened to me, I might start a casino, but I don't think so if I had that kind of money. That is to say, if I were already rich but not yet fully satisfied, I could set up a casino to keep getting richer, because I think that a casino, as long as it is well run, is extremely profitable.

With a billion dollars, I think I would orientate the business towards something that has a solidarity, ecological component or something like that.


I remember reading somewhere on the forum that the minimum to set up and run a cryptocurrency exchange, including having a decent banrkoll to start with, would be $100,000.