Do You want to own Online Casino

Own online casino

2009-10-25T04:43:00.001-07:00

Owning a online casino and online casino business facts

Owning a online casino is very attractive and lucrative business for past 10 years and every day it becomes more and more profitable and in same time more "attractive". Year 2012 will be the boost of this industry.

Online casino business is expensive to start with, but due to hight return of investment it usualy worth every cent invested in starting this business, and initial investment can be paid for 6-12 months.

Steps to start own casino

What do You need to start own online casino?

- Write a business plan for your online casino business. This is always the best place to start with any venture. Write down you plans for how you will manage and grow your business, how it will be advertised, and what you plan to do if common challenges emerge.

- Select a location for your business. Choose a country that offers gambling licenses for operating an online casino. You can find more information on each of these countries by visiting the “Gambling Licenses” website that is listed in the Resources section. Apply for the casino license as part of the process of forming your business in that country.

- Choose a software package to manage your online casino. There are many casino software packages available, featuring a variety of casino games. Microgaming, Playtech and Cryptologic are the three largest options for online casino software. Links to these companies have been placed in the Resources section for your convenience.

- Determine what payment mechanisms your casino will offer. This is an essential part of your business, because it is how customers place money into the account at your casino, as well as how they will be paid if they win. Credit Card billing, Western Union and Bank Transfers are common options. Most transactions, however, are made through alternative payment methods, such as click2pay.

- Develop an advertising strategy to let people know about your own online casino. When you were writing the business plan in Step 1, you should have included a budget for advertising campaigns. Find advertising mediums that work within your budget, such as print advertising, television, radio and online advertising.

Online Casino software platforms and developers

I will review every online casino gaming platform on the market and will post so You can choose depending on technical aspects of casino software, licencing, start up casino price, and much other important facts that you need to know if you thinking about own online gambling business.

- own Ace media casino

Good online casino business plan

2009-03-03T13:59:00.000-08:00

If You want to start own online casino, then first thing is to do is to intruduce Yourselft with whole process of owning online casino and managing online casino, make excellent business plan for online casino, and then finaly find investment for releasing that project. This post is related for that part of job: creating own online casino business plan. So, no matter are You taking some turnkey casino solution, or building Yourself online casino, business plan is something esential where You will know exactly what you need to invest and what you can expect.

I found and excellent sample of online casino business plan, and here I will present you, remember this is someone else business plan, and it is just sample of business plan for online casino what means that You need to create Your own.

Sample Business Plan For Own Online Casino

1. Executive Summary

Business Opportunity

Product/Service Description

2. Company Background

Business Description

Company History

Current Position and Business

3. Business Plan For An Online Casino Company

4. Services

5. The Industry, Competition, and Market

Market Definition

Primary Competitors

Customer Profile

6. Marketing Plan

7. Financial Plan

Investment Plan

Break-even Analysis

Liquidity Plan

Earnings Plan

Risk Analysis

8. Conclusion

Business Plan For own Online Casino

1. Executive Summary

The core offering will feature more than 20 different games from roulette to slot machines.

The platform service provides the newest technology with the best infrastructure.

The online games and casino business is a growing segment. The expected growth rates show

a positive dynamic between 80% to 100% for the next few years depending on the demand of

new national and international customers. The competition in this sector is strong but new

services will support the success of the company.

The goal of this start-up is the operation of an internet-based own online casino company. A

company with specific knowledge and different customer groups has good chances to move

into a profitable market niche.

1.1 Business Opportunity

The internet provides online service businesses essentially unlimited opportunities

without significant capital investments, allowing them to quickly build large global

customer bases and to potentially achieve superior economic returns over the long-term.

The expected returns are between 5% to 7%. In addition, the internet has emerged as a

unique distribution medium that provides service companies with a cost-effective means

of targeting specific customer groups, interacting with and receiving feedback from

customers and measuring the effectiveness of specific distribution campaigns.

The company's objective is to be one of the leading global providers of online casinos.

The company plans to achieve this goal by pursuing a focused strategy. The company

intends to establish a significant market presence by continuing to provide

comprehensive services at competitive prices.

The company will enter into relationships with other internet companies which helps to

sell and distribute the service and promote the brand. These relationships include

agreements with leading companies. These relationships provide the company with

significant benefits including access to new customers and marketing activities such as

banner ads, buttons, logos and direct sales force activities.

The company develops innovative and proprietary technology to support the success of

the company. The company produces a system and a proprietary software which enables

the customer to play in real time on the web.

The required investment for the business is relatively high compared to other companies

in the industry. Interest payments to finance the technology are expected to be the main

cost driver. For the future there are further substantial investments in fixed assets

required. This will be financed through retained earnings. Depending upon the market

growth the minimum required investment amount ranges between $250,000 and

$300,000 in the start-up phase based on a 20% to 25% average revenue margin. This

amount is well within the financial requirements observed for other comparable

companies.

Business Plan For own Online Casino

1.2 Product/Service Description

The internet is becoming one of the most important mediums for global communication

and business. Industry analysts estimate that the number of internet users worldwide will

increase to 419.8 million in 2008 from 168.7 million in 2002. The dramatic increase in

internet use provides a tremendous opportunity for electronic commerce.

The company plans to develop a multi-player casino platform. The company acts as a

host or facilitator for customers who play games against one another. In return for

facilitating these games, the company charges its customers a type of commission.

Customers can either compete online against each other on individual tables where up to

five players play on each table, or participate in tournaments where individuals compete

against each other.

Figure 1.1 shows the distribution of revenues.

Business Plan For own Online Casino

2. Company Background

The online casino market has experienced strong growth since its establishment. It is

estimated that the gross win of the online casino market has grown from $751 million in

2001 to $2,157 million in 2006, representing approximately 26% of the online gaming

market in 2004 and a compound annual growth rate of approximately 42%. In common with

other online gaming markets, the

United States

represents the largest online casino market,

with an estimated share of approximately 59% of the global online casino market in 2004.

The company wants to become one of the world’s leading online casino companies. The

company owns and operates several web sites. The main entry and navigation point to the

various sites is a single platform.

2.1 Business Description

The company's performance is substantially dependent on the efforts and performance of

its senior management.

The company has a strong management team with significant experience in the online

industry, the leisure and entertainment sector, information technology, payment

processing, media, e-commerce and customer support.

2.2 Company History

The company was incorporated in 2004 and through 2006, it was engaged principally in

research and development of online casino products. The company begins commercial

distribution of the services in the fourth quarter of 2006. The net revenue will increase

from $0.1 million in 2005 to $1.1 million in 2006.

The fiscal year of the company is the calendar year and the life expectancy of the

company is unlimited.

The company plans to have 20 employees in the first business year. Competition for

qualified sales,

marketing and technical personnel is intense as these employees are in limited supply,

and the company might not be able to hire and retain sufficient numbers of such

personnel to grow the business. The company plans to substantially expand the sales

operations and marketing efforts, both domestically and internationally, in order to

increase market awareness and sales of services and products. The company will also

need to increase technical staff.

Figure 2.1 shows the current distribution of labor costs for each segment.

Business Plan For own Online Casino

2.3 Current Position and Business

The growing adoption of the web represents an enormous opportunity for businesses to

conduct commerce over the internet. The ability to successfully offer products and

services and implement the business plan in a rapidly evolving market requires an

effective planning and management process. Future expansion efforts could be expensive

and require additional resources. The company plans to continue to increase, the scope of

the operations at a rapid rate.

The company plans to have a significant local presence in the

United States

and Asia. In

addition, the company will expand the sales reach by adding sales personnel and

third-party representatives in Europe. It intends to continue to expand the sales team to

broaden the customer reach on a global basis. Particularly, it intends to achieve

significant growth in key countries.

The strategy strongly focuses on new technologies. New distribution channels, such as

interactive television and wireless applications on 3G mobile telephones and other

handheld devices, represent potential growth opportunities for online casino operators.

Business Plan For own Online Casino

3. Business Plan For An Online Casino Company

Typical games offered by online casino operators include slots, roulette, blackjack, craps,

baccarat and video poker. Customers place bets against the house and the casino games are

games of chance with the outcomes randomly generated by computer. The casino software

generates a statistical gross margin for the operator.

A large number of players are required in order to provide customers with opposing players

for the game. The company will experience rapid growth of customers in the next years, but

the operating results will be affected by seasonality.

The company provides a wide range of methods to pay-in and withdraw funds. Such payment

processing must also be quick and efficient while maintaining low levels of fraud.

Business Plan For own Online Casino

4. Services

The service is one core element of the business strategy because the market for internet

products and services is highly competitive.

The company seeks to provide a safe, responsible and trusted online gaming environment

through compliance with industry best practice.

The additional services create an environment that attracts users and encourages both longer

and repeat visits as well as customer loyalty, resulting in a large base of registered members.

These services are focused on generating both core business and advertising revenues.

Of the total revenue, 10% is based on advertising services. Advertising revenue is linked to

the level of traffic on the web sites, so if traffic is less than the level expected by the

advertising customers, revenue from this source could be reduced. The company will have

some advertising contracts that include a guaranteed minimum number of impressions on the

web sites. Reduced traffic on the web sites would cause the company to fall short in meeting

these minimum requirements and, as a result, it may give credits to advertisers and reduce

advertising rates, which would lead to a reduction in the revenue from advertising.

Business Plan For own Online Casino

5. The Industry, Competition, and Market

A careful analysis of the market and competitive forces in this industry is a key element in

assessing the business potential of the project. This analysis will provide marketing and sales

data that are indispensable to optimally develop the business potential. Market is defined as

the market where the company plans to operate in the next four years.

5.1 Market Definition

According to several research institutes, in 2004, there were over 273 million online

households worldwide. The growth of the Internet has far exceeded the growth of any

other communication medium in the 20th century. In just under four years the Internet

has reached penetration rates that took the television 13 years to reach and the radio over

30 years.

The Internet gambling and online casino segment has grown from 30 sites and bets of

$17 million in 1996 to approximately $3 billion in wagers in the year 2000. Market

research estimates anticipate an estimated $6 billion in revenues by

U.S.

wagerers alone

by 2003. The global market is much brighter. Research firms forecast that revenues from

gambling will soar to $20.8 billion by 2005.

In 1997 there were 6.9 million potential internet gamblers and casino players and

revenues of $300 million. Within a year the potential pool of users had risen to 14.5

million users and revenue of $651 million. 4.5 million Americans have gambled online or

played in an online casino. While the

U.S.

has been the dominant market for the Internet

to date, statistics indicate that approximately 25% of Internet users are from Europe and

15% are from Asia.

It can also be predicted that the number of online gamblers in Europe and the

will

grow from the current 2.9 million in 2001 to 7.4 million.

Figure 5.1 shows average growth figures in revenues of all available companies in the

specified market during the past five years. Despite slowing global economic growth in

general a lot of companies with an international focus and new services have experienced

constant growth rates of more than 35%. For 2005 a growth rate of 40% is expected with

a strong development in the third and fourth quarter.

Business Plan For own Online Casino

5.2 Primary Competitors

The company currently faces measurable competition from other internet and gambling

companies. The local internet industry is comprised of a few large, well-known

companies, several mid-sized companies like this company, and a large number of

relatively small independent companies. Several new companies have emerged producing

similar services. Competition might come from the use of existing internet platforms and

technologies but also from the development of new services. To further examine the

competitive environment it is necessary to define the players in that environment. Figure

5.4 shows the size of businesses in this market segment. The numbers are based on

average revenues of companies that run their business more than five years.

The company believes that the products and services are not easily substitutable with the

products of the competitors due to the level of technology, but nonetheless the company

must constantly maintain the technology developments.

5.3 Customer Profile

The company markets and sells the products worldwide through a combination of its own

Internet platform and third-party internet providers to all kinds of customers. Figure 5.2

shows the demand for the described services. Numbers are based on average revenues per

Business Plan For own Online Casino

customer of a particular group multiplied by the number of customers in the respective

group. This gives total demand share per group. The primary target market for the online

gambling and casino segment in the Internet industry, and particularly online poker and

sports betting, are males aged 18 to 35 years old. Online casino, bingo and skill games

skew more toward women. The majority of marketing efforts of the company will target

a single male with an average income of more than $90,000. Figure 5.3 shows revenues

by yearly income of private persons. The figure shows revenues generated per income

group. Numbers are based on the average income per customer and the number of

customers per income group.

Business Plan For own Online Casino

6. Marketing Plan for your own online casino

Effective marketing together with consistent promotion are the keys to success online. The

company focuses on a comprehensive web marketing and classical marketing strategy

designed to attract new customers, convert leads into sales, and maximize the revenue. In the

start-up phase it is a central task of the marketing concept to establish name recognition and

its own trade mark. Several marketing and sales promotion strategies are available in the

online industry. Figure 6.1 shows different marketing elements and their use in marketing

strategies as well as their estimated potential success factor. Later on the strategy will

primarily be targeted to gain new customers and create customer loyalty of repeat customers.

The figure can serve as a direction for the planning of a marketing and sales promotion

strategy. The numbers are based on comparable businesses.

Online marketing There is a broad range of online marketing opportunities. Successful online

marketing depends largely on the ability to identify marketing services that provide the best

opportunity to reach customers in a cost effective manner. Search engine marketing and

banner marketing are the most widely used method of attracting visitors to a website.

Print advertising Newspapers, magazines and published information targets a large potential

customer group but at a relatively high cost. The first step of this marketing strategy is to

identify newspapers and magazines that target the right customer group. The campaign itself

will continue for about six to eight months.

Marketing cooperation Marketing and distribution alliances with other electronic businesses

to generate cost savings and increase efficiency will also be used. The company expects to

find about five strategic partners.

Sales promotion Sales promotion strategies have temporary effects only. Sales promotion

will be used for a limited time to increase the number of customers. The strategy will include

special offers with opening discounts for new customers. The initial prices will be reduced

by 50% for the first three month. This strategy is expected to continue for one to two years.

Direct marketing The company uses direct marketing campaigns with e-mail and mailing

lists as well as newsletters. This strategy will be used to increase the revenue per customer.

Business Plan For own Online Casino

7. Financial Plan

The financial plan is the key factor for the success of a business start-up. Investors and banks

will base their funding decision on the information given in this plan. Besides a plan of the

financial needs, this plan must ensure that the business is always liquid and ultimately

profitable. Since the sales and earnings projections in the business plan are based on

expectations, the financial plan has to be revised and refined on a constant basis so that

discrepancies can be uncovered and solved instantly. The inputs for this financial plan are

based on other companies, which serve as a group of comparable firms as well as the

company's own estimates based on the planned business environment. Revenue estimates are

conservative and expense projections include a cushion for unforeseen contingencies. All

figures are refined by statistical simulations.

The most important features of the financial plan and the financial strategy can be

summarized by the following points.

The initial capital requirement is estimated to be $300,000 to $350,000. This is comparable

to other businesses in the segment. Cash used in investing activities for the next year will be

constant. Capital expenditures for the following years will include higher spending on

technology and licenses as the company continues to develop new functionalities for the

online systems that are in place when the company begins operations.

The company expects to invest in new technology in a variety of ways, including: software

technology upgrades in the form of product updates and replacements and the installation of

new servers. The company will make disciplined capital expenditure decisions, prioritized on

the basis of cost structure improvement, potential for profit generation and maintenance of

high quality service.

The company has a diverse customer base that produces a recurrent revenue stream and

predictable cash flows. Despite fluctuating economic conditions, the company expects to be

able to generate stable revenues. The company intends to maintain the financial performance

through continued productivity initiatives designed to sustain the margins, reduce costs and

improve operating efficiency throughout the businesses. The growth rates of the whole

company are expected to be better than the rest of the market due to a strong cost control.

Based on the business plan, the company currently projects that cash provided by operations

will be adequate to meet foreseeable operational liquidity needs for the next 24 months.

However, the actual cash needs and the availability of required funding may differ from the

expectations and estimates, and those differences could be material. The future capital

requirements will depend on many factors, including, among others, the demand for our

services in the existing markets and regulatory, technological and competitive developments.

Depending on the initial investment sum cost and revenue estimates vary. Figure 7.1 shows

the expected relationship of cost and revenues. As can be seen, the relationship is not linear

everywhere but costs decrease relative to sales. This effect is due to the better utilization of

capacities in personnel at rising revenues at constant cost.

Business Plan For own Online Casino

The details of the financial plan are laid out in more detail as follows:

Section 7.1 gives an investments schedule. This includes all investments necessary during the

start-up phase.

Section 7.2 gives a break-even analysis that shows revenues at the break-even point. Every

additional sales dollar adds to profit and vice versa.

Section 7.3 gives a liquidity plan. This plan is based on current cost and revenue estimates

from Section 7.2. Liquidity must always be positive.

Section 7.4 contains a long-term profit projection for the first four years of business. The

projection shows that the critical amount of revenues at which the business is profitable and

how profit develops over time.

Section 7.5 provides a risk analysis. The risk analysis contains critical factors that may

impact the financial numbers presented in this plan.

7.1 Investment Plan

The investment plan comprises primary capital needs for the foundation and operation of

the business. The plan also includes initial marketing and sales promotion expenses. The

figures are based on comparable businesses.

Business Plan For own Online Casino

7.2 Break-even Analysis

The break-even analysis shows how earnings rise as a function of sales. The break-even

point is the point at which revenues from sales cover total costs (fixed costs and variable

costs rising with sales). This analysis is important for the development of the liquidity

plan and the pricing policy. If the break-even point is not achieved in the long run, the

business loses liquidity and may become insolvent. This requires that a critical amount of

revenues must be generated.

At a sales revenue of $1,200,000 and given total costs the business will begin to generate

a profit. Fixed costs of this business are estimated at $700,000 to $800,000 and variable

costs are estimated at $500,000. In this case, fixed costs are expenses that do not vary

with sales volume. These costs have to be paid regardless of sales. Variable costs vary

directly with the sales volume.

At an estimated revenue of about $1,700,000 after two to three years profits are expected

to rise to $400,000. This represents a revenue margin of about 25%. These estimates are

realistic in this market segment and comparable to similar businesses.

Business Plan For own Online Casino

Increasing sales volume will increase pre-tax earnings margins but this development

reverses when administrative costs begin to rise sharply. Up to a sales volume of

$3,000,000 earnings margins rise to 27.5% after which the margin decreases to constant

26.5%.

Figure 7.2 shows at which critical sales volume the business generates a profit. This

serves as a base for a business and pricing strategy. Additionally the graph shows the

amount of sales at which a marketing campaign can be run profitably.

7.3 Liquidity Plan

The liquidity plan shows the amount of finances necessary to assure permanent liquidity

of the complete business. The liquidity plan is based on four representative months of a

typical business. Revenue estimates and costs are simulated from a standard normal

distribution. Cash is constant at $1,000 for every month.

Business Plan For own Online Casino

7.4 Earnings Plan

The earnings plan shows the results from ordinary operations. The plan is based on the

first four years of business. Revenue estimates are drawn from a normal distribution with

a strong estimated growth rate. Figure 7.3 shows net income.

Business Plan For own Online Casino

7.5 Risk Analysis

The risk analysis considers critical factors that may lead to a failure of the business

concept. Such factors can involve failures during the implementation phase as well as

during operations. Such potential factors are ordered according to the probability at

which they can arise. Shown are the key factors that led to the failure only. Data are

drawn from surveys from five businesses with different services as well as revenue and

cost structures.

1. Growth is the core strategy of the company. Development activities require a high level

of funding over a long period of time and, over the course of its existence, the company

intends to develop or acquire other online companies. There is no assurance that

additional funding will be available to the company in the future or be secured on

acceptable terms. If adequate additional funds are not available, the growth of the

company might be significantly lower.

2. The company’s success will depend in part on the continued services of its key

employees. The loss of services of one or more of the company’s key employees could

have a material adverse effect on the company’s business, the development of the

Business Plan For own Online Casino

platform, operating results and financial condition. The company’s future success will

also depend on its ability to hire and train qualified staff. Competition for such personnel

is intense and there can be no assurance that the company will be successful in attracting

and retaining such personnel.

3. The ability to make payments on, or to refinance or repay, the debt, to fund planned

capital expenditures, and to expand the business will depend largely upon future

operating performance. The future operating performance is subject to general economic,

financial, competitive, legislative and regulatory factors, as well as other factors that are

beyond control. The business may not generate enough cash flow, or future borrowings

may not be available to the company under the new credit facilities or otherwise, in an

amount sufficient to enable the company to pay debt or fund other liquidity needs. If the

company is unable to generate sufficient cash to service the debt requirements, the

company will be required to refinance new credit facilities.

4. Securing rights to technology and patents is an integral part of securing potential value.

Competition in retaining and sustaining protection of technology and the complex nature

of technologies can lead to patent disputes.

5. The company is expected to experience a period of rapid growth and an increase in the

number of its employees and offices and the scope of its supporting infrastructure. This

growth will result in new and increased responsibilities for management personnel.

6. The company will be required to continue to implement and improve its systems on a

timely basis in order to accommodate the increased number of transactions and clients

and the increased size of its operation.

7. Insufficient demand and wrong capacity frequently leads to business failure. This

includes permanently low demand as well as a temporary collapse in demand. Often

demand estimates were too optimistic at the outset. Such failures might also come from

external shocks instead of operating deficiencies. Approximately 15% of businesses with

insufficient demand go bankrupt. Since the expected frequency of business demand

during the start-up phase are still low, a critical success factor is to focus promotional

effort so as to generate customer loyalty early on, which will help minimize the effects of

demand fluctuations. This is also important for the future development of the business.

8. Poker and gambling is an enormous market and it is not surprising that a large number of

companies are developing alternative services. Not only is the market comprised of a

large number of participants, it is also subject to rapid change and intense competition.

The company faces competition from other organizations, many of which may have

significantly greater financial, technical and marketing resources. The company has

faced, and is expected to continue to face, additional competition from new entrants into

its markets. Due to low entry barriers additional businesses can enter the market at low

cost. Approximately 16% of insolvent businesses were driven out of the market by that

competition. A better service concept, innovative ideas and concentration on core

businesses are an easy means for an entrant to gain a competitive edge.

Business Plan For own Online Casino

8. Conclusion

The business of an online casino portal requires a comprehensive technology. Because the

competition is high it is necessary to develop new solutions, contents and to find profitable

market niches. In 2004, only five platforms were available, having about 250,000 customers.

Today, the number of web sites is between 40 to 60 with about 830,000 customers.

New companies in this business can be sure to have a high demand with a high sales margin.

The expected margins are between 15% to 20%. The main cost drivers are distribution costs

to find new customers.

The core offering will feature more than 10 different games, and the ability to play several

games simultaneously.

A company with specific knowledge and innovative ideas has a good chance to move into

profitable market niches and run a successful business. Market conditions in this segment

change constantly as do customer demands. This is the chance for new businesses with

innovative ideas and new offerings to secure a large customer basis. Service and technology

are factors that can earn a competitive edge. This is also true for new trends in the industry to

better control costs and increase efficiency.

For a successful operation of an online casino portal company 4 factors are critical and

central to the business strategy:

The customer basis is a core factor for a successful business. The initial number of customers

should be between 20,000 and 25,000 with a growth rate of about 50% per year. This will

provide constant revenues.

The platform service provides the newest technology. Online transaction platforms need to

use various technologies and approaches to know each customer, and respond effectively to

customers’ needs and demands.

Service is very important. This will secure customer loyalty and optimize profitability in a

market that is very competitive. The expected costs for additional service activities are

between 5% to 10%. On the other hand the expected additional growth rates due to new

service activities are between 8% and 12%.

The privacy of the customers is very important. The company will never share information

with other organizations or individuals.

This was an example of good way of starting own online casino, so please remember first step is online casino business plan! For own poker site visit link.

Why online casino business

2009-02-02T13:59:00.000-08:00

Why internet casino business ?

Online casino business is a very lucrative business. Although owning a casino is out of reach for most entrepreneurs, starting an online casino can be within your reach. With a starting budget and a own online casino business plan, it is easy for anyone to start and own online casino and to earn money from gambling. If this sounds like a business for you, follow those instructions to be sure are You able or not to handle with this...

How much money is involved in online casino business ?

Ok, You understand that internet casino business, is very profitable and it would be in next xxx years. Why? There are many reasons, from those quite trivial like that people would like more to gamble in privacy and comfort of their own room up to legal reasons but more about that later.

The Internet Gambling or Online Casino business is currently the fastest growing business in the world. Revenue for year 2006 was estimated at over USD $8-9 Billion. 2008 was estimated at USD $12 Billion, it is estimated by 2010 to be USD $15-18 Billion.

There are currently well over 2400 internet casinos in operation at the time of writing of this website.

The authoratative industry overview is the Internet Gambling Report (X) 2008, by Anthony Cabot

Another introductory book to the industry is the The Online Gambling Market Research Handbook 2003, by Terri C. Walker

The Trade Journal for the industry is Internet Gaming International, published monthly

How to start with own online casino business ?

In short terms there are basicaly 3 ways for start own casino:

1) Design and implement all SOFTWARE for an internet casino and E-commerce. Keep in mind this costs millions of US Dollars. Also necessary is a gaming license to run a casino, which requires approvals from most governments. This too, does not come inexpensively. However, one has full control of the site, and full knowledge of the software source code. In addition, no royalties are paid out to a software development company.

2) Become a Licensee of an Online Gambling Software Provider. This is a far less expensive option and the client receives all the software and sometimes even the equipment necessary. It is also the most popular option for both licensed land-based establishments as well as entrepreneurs. Costs range from USD $ 30,000 to USD $ 350,000 (some ask as high as USD $1 Million). The average licensing fees are around USD $150,000 (this usually includes marketing costs). In most cases a royalty is paid to the software provider as a percentage of the monthly "take" or "drop" (gross profit). Usually the software provider has payment processing (merchant account providers) already set up for a turnkey operation. The Licensing Section lists the software companies that can provide this for you.

3) Become a Sublicensee of a Licensee for online casino. This is the least expensive option. Costs range from USD $ 0 to USD $ 60,000. Being an affiliate is basically the same thing as being a sublicensee with no up front costs. The sublicensee must do all the marketing and receives a smaller percentage than a full licensee (2), because royalties paid to the licensee are much higher. The Sublicensing Section lists Online Casino Software Licensees that are willing to provide this.

In reality of online casino business, options 2 and 3 are usually seen.

Own poker site

2009-01-01T13:56:00.000-08:00

I am in process of gathering informations about owning poker room, in mean time, until i finish and post informations about that feel free to read some own online casino informations for free on my bog which can realy help You in starting an online casino.

Here like with online classic casinos you can develop own software and online casino infrastructure or can be sub licensed by some bigger player, more info about owning personal poker room, business plans, potential profits etc will came soon.

Owning Ace Media online casino

2008-11-01T06:41:00.000-07:00

Today I will write about another one online casino developer, called Ace Media. Here how Ace Media describes their casino software:

"Ace Media provides innovative and unique turnkey solutions for entrepreneurs and gaming corporations who want to provide their players with a variety of eye-catching, state-of-the-art 3D casino and multi-player poker games all built on a secure, stable and scalable hi-tech gaming platform. We also provide information on how to start your own online casino, sportsbook and multi-player poker online gaming business, which is one of the most booming and profitable industries on the Internet today.

Revenues in online gaming business rose from only $800 million to over $2 billion in 1999. By year 2010, it is estimated that online gambling industry will top over $18 billion in revenues. London-based Merrill Lynch analyst Andrew Burnett says online gambling business could generate more than $177 billion in revenues by 2015. $100 billion will come from online sports betting.

The popularity of online gambling is increasing rapidly and this year has seen significant growth in Europe, Asia and South America. In China and Malaysia, there are twice as many online gamers as there are Internet shoppers. China is predicted to overtake South Korea in 2008 and become the largest online gaming market in Asia-Pacific region.

As Internet use spreads across the globe, online gaming business will continue to be one of most profitable business opportunities of the 21st century. The potential of online gaming business is too big to ignore. Now is the perfect time to get onboard. Take your share of the multi-billion dollar online gaming industry today! Click here to request detailed information on available turnkey packages and pricing.

Our casino software, poker software and sports betting gambling software provider offers the most advanced 100% turnkey online casino, sportsbook and multiplayer poker room packages. No other online casino and poker gaming software provider can offer you a gambling package with over 50 outstanding casino games and tournaments, magnificent multi-player poker technology, real-time sports betting, pari-mutuel horse racing, mahjong, and a backend management system that offers the finest financial, Internet Marketing, and customer service tools and reports.

Our poker software, casino software and sports betting gambling software provider offers turnkey online gaming solution which allows you to concentrate on marketing your own online casino, sportsbook or multiplayer poker room gaming business and includes the following:

State-of-the-art casino software and multi-player poker gambling software.
A full service Sportsbook with advanced sports betting software offering worldwide sporting events.
Java casino games which can be played instantly on the internet without having to download.
Production of a customized site for your own casino and poker online gambling business.
Full technical and customer support for the players and you - the gambling site operator.
All monetary transactions including customer deposits and withdrawals.
Full reporting software in real time to check your online casino and poker room statistics.
Training for you or your staff on the use of the casino, poker and sports betting software.
The license for the use of the casino software, poker software and sports betting software.
The license to conduct online gambling activities in a legal jurisdiction.

Ace Media provides innovative and unique turnkey solutions for entrepreneurs and gaming corporations who want to provide their players with a variety of eye-catching, state-of-the-art 3D casino and multi-player poker games all built on a secure, stable and scalable hi-tech gaming platform. We also provide information on how to start your own online casino, sportsbook and multi-player poker online gaming business, which is one of the most booming and profitable industries on the Internet today.

Potential Profits: As an Internet casino and poker franchisee you could generate millions of dollars within the first few years in business. Your online casino, poker and sports betting gaming site will generate revenue for you 24-hours a day, 365 days a year. You will also have 24-hour access to the backend of your own online casino and multi-player poker gambling site. With your username and password, you can login into your casino/poker site and check the daily, monthly or yearly monetary stats as well as customer info. These stats are flexible and can be broken down into how much was wagered on a certain game, amount won or lost by a certain player, percentage at which the game has paid out...etc.

The customers in your own online casino & multi-player poker database who sign up with your casino and poker gambling site belong only to you and are not shared with anyone else.

The following chart demonstrates the potential profit for a casino site owner. A $1,200 per day win for the house could represent as few as 24 people playing in your own online casino!

Number of Players	Accumulated Player Loss Per Day	Accumulated Player Loss Per Month	Net Monthly Revenue	Net Annual Revenue
3	$150	$4,500	$2,700	$32,400
5	$250	$7,500	$4,500	$54,000
10	$500	$15,000	$9,000	$108,000
18	$900	$27,000	$16,200	$194,000
24	$1,200	$36,000	$21,600	$259,200

The online poker market has grown considerably and will continue to grow immensely in the future. The profits of the online poker industry is enormous! The amount gambled on poker websites around the world in year 2005 is estimated to be more than $60 billion! Around 1.5 million people play poker online regularly for real money and the number is growing by 100,000 a month. Online poker gaming sites make their money by collecting a "rake" from each pot, usually 3% to 5% of the cash in that pot.

The following chart demonstrates the potential profit for a multiplayer poker site owner.

Month	Number of Sales	Profit per Sale	Retention Rate	Old Sales x Retention Rates + New Sales	Monthly Profit
1	100	$50	50%	0 X .75 + 100 X $50	$5,000.00
2	100	$50	50%	100 X .75 + 100 X $50	$8,750.00
3	100	$50	50%	175 X .75 + 100 X $50	$11,550.00
4	100	$50	50%	231 X .75 + 100 X $50	$13,662.50

No company can guarantee earnings that are dependent upon many factors. Search engine optimization (please check our SEO software) and targeted gaming traffic is the key to your success. The general rule of thumb is, the more money you put toward effective marketing of your own online casino, sportsbook and multiplayer poker room online gaming business, the higher the revenues, the higher the net income. You can expect to keep between 75% and 100% of the gross monthly deposits depending on the turnkey casino, poker or sportsbook package you invest in.

Our poker software and casino gambling software provider will produce a detailed monthly accounting report which will include the breakdown of total deposits, withdrawals, operating expenses, and the total payable to the licensee. Then they will wire the proceeds of your online casino and poker room to the account which you specify.

Click here to request information on available turnkey casino, poker and sportsbook solutions and our account executive will contact you within 48 hours to discuss your options."

Own Ready Made Casino or rather not?

2008-09-01T10:32:00.000-07:00

We will start with Ready Made Casino (com). Here what they write on home page of their site about their solution for own online casino :

"Own a casino web site today. Casino affiliate programs are the fastest growing Internet business and generate billions of dollars every year in revenue. Own a gambling web site now and you could be earning big bucks in this extremely lucrative industry.

We will show you how to run a successful casino and poker web site portal and get your share of the profits in this exciting online gaming era. You can own an online casino web site which is professionally designed and ready to make big commissions for you within 72-hours! Ready Made Casinos offer the No1 gambling business opportunity today.

Your web site will be a gamblers magnet, offering big bonus incentives for new and regular players. Our new casino and poker templates are ideal for gambling affiliates and integrate the Wager Junction Playtech Affiliate Program which pays one of the highest commissions in the industry. This means the running of the casino and poker rooms is all done for you. You just promote your web site, nothing else.

We look forward to assisting you to make money as an affiliate in the most exciting and lucrative industry in the World. Start your casino business today!"

I don't have anything against those guys but they software luck a but messy, there is no a lot of information on their site about how to contact them (only e-mail address and contact form, no phone, street, city ,country,continent) so in few words I think that readymadecasinos belong to companies that you should not deal with them. You will probably ask yourself and me why I am starting with not recommended company instead of some recommended? Well it is pretty simple, manny of you just burning to own online casino, and are willing to do with every company that offer cheap price. Beeeeep! Wrong, owning an online casino is serious business with can ake a lot of money, and choosing a right partner is crucial, in other hand you will finish broked, without a penny. There is a lot of companies that provide some kind of creapy software without any licence, just to taking you inital fee for starting own casino (it can be from $5000 to $50 000) and then when you release that You have ay legal instruments to fight agains them when you are cheated it is late, they already took your money and kick you out.

Remember owning online casino is high profitabile business (see example of returns in this online casino business plan), be careful when you are choosing software provider. I will continue with reviews of every software deveoper that exists. For start we are going with less popular and we leave for latter posts reputable online casino software developers like Playtech and similar.

Welcome to OWN ONLINE CASINO BLOG

2008-08-08T03:08:00.000-07:00

Hi,
I decided, since I have a lot of experience in casino business, from web mastering casino portals, participating in casino affiliate programs, up to operating casinos of few most popular software developers like Microgaming, Play Tech, Real Time Gaming, to share some experience with other, interested people in this high profit industry.

Online casino industry is one of fastest growing in past 5 years and will be for at least next 5 years, so it is not 'miracle' that owning online casino was and is dream for many people who already have job, or are without job, or have own business, in other words many people dreaming about owning online casino, since this is one of most profitabile business this days...

When I was looking around internet forums, and found a lot of questions 'how to own online casino', I was motivated to start blogging about that. So, I will here step by step explain, research and explore for you,from base knowledge, up to interviews with big and small casino software developers, licensing companies, payment processors,etc,etc...Bookmark this and came here daily if you are interested to know everything about owning online casino: how to start own casino, how to make business plan for own casino, how to manage risk, how to make profit, which companies to cooperate with and which to avoid, what are legal regulations for online gambling and online casino owning in different countries and other useful informations for those who always dream tobe in online casino business.

Contact us

2008-07-07T13:53:00.000-07:00

If You want to contact us, feel free to send message using our contact for here:

foxyform.com

Links

2008-07-07T13:42:00.000-07:00

Here are links of useful sites related to subject of this blog: owning a online casino. If You are interested to be listed here (your site) and You think that Your site feet into this subject feel free to message us at homemakemoney [a t] yahoo and we will be glad to list Your site here.

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