Is it easy to start your own casino?

Author: Live Casino Direct
 
Is it easy to start your own casino?
Wild Casino

The virtual gambling industry is expected to double its annual profits by 2026. The time needed to start a casino is 180 days. There are 5 steps to get started. The legalization of virtual casinos in many countries including the United States and the Netherlands will make starting one easier in the near future.

Closing a white-label deal is easiest if you are a novice in the industry.

Obtain a license. You can already show your interest in the UK gambling license or you have to operate from another country, such as Malta.

Choose a suitable identity. With a good corporate identity, you have to distinguish yourself from all competitors.

4. Hire staff. Customer service staff, compliance admin, affiliate marketer, administration are essential to run a successful online casino.

After completing all steps, you can start the party. Now provide bonuses and build a customer-oriented reputation.

There are a lot of online casinos, but there is still a gap in the market. What should you pay attention to when setting up your own casino?

Before you can start a business, you need to get a gambling license.

Applying for a digital gambling license costs 50 thousand euros. The only thing you get for it is that it will be processed. Other costs include one-off costs and estimates.

The UKGC reserves €800,000 for the highest possible fine in the event that a provider violates certain rules from the new gambling law.

Overseas Committees Licenses recommends looking into the possibility of obtaining a license outside the UK. It is possible in countries such as Curacao and Costa Rica. Many gamblers consider these licenses worthless. Malta is a good place to start a casino.

Malta has stricter requirements before a gambling license is issued. It takes 12 to 16 weeks to process the application. The casino's servers must be located in Malta. A Malta gambling licence is valid for 5 years.

Games in your own casino is not possible.

The basic package of games from a software developer costs between €200,000 and €250,00. If you want to have extensions to the package, the price can reach €2,500 to €3,5, and it's not small amounts when you're offering the games in your own casino.

Mobile optimized games are important. The casino should support different platforms. Each operating system must be supported by the software you use. Support for the existing software exists.