Own your very own online casino!

**Avatar73** · 8th May 2007, 01:55 PM

Would anyone else like to own an online casino, or is it just me?!

If so, what software would you use?

**ProducerK** · 8th May 2007, 02:28 PM

Well,

since it is very expensive to start up an online casino, I would not have the chance to do so. I do not believe in any of those futurebet casinos, or rogue casinos that Windows Casino used to use.

But, sometime down the line, if I ever started an online casino, I think it would be run by the Microgaming Viper software, as I think it is the most reliable out of the major software providers out there.

That is just my two cents....

**sweiger** · 8th May 2007, 09:05 PM

I second ProducerK. You've got to have a substantial starting capital to cover various expenses, including big time marketing. How many online casinos are in business p.t.? My guess is you'll have to compete with 1200+
...and don't forget that even with the house edge, you might have to face a negative balance most months the first year or so, until (a) you get enough customers and (b) the mathematical aspect of the house edge shows up.
But if you go for it, I will take a peek at your sign-up bonus...

**katodog** · 8th May 2007, 09:10 PM

I can't afford to do so but if I could I was use the software that HYPE uses but pay people

**KasinoKing** · 8th May 2007, 09:27 PM

Originally Posted by Avatar73

Would anyone else like to own an online casino, or is it just me?!

If so, what software would you use?

Actually there is a scheme to have your 'Own Branded' online casino which costs nothing (Run by an established company - you get a percentage of the profits).

I was seriously considering a 'Kasino King Kasino'!

I would do it if everyone here promised to sign up...

KK

**vinylweatherman** · 8th May 2007, 09:33 PM

I have thought of this, the best party to be in any bet is the bookie

For a casino, you will also need to make certain you can afford to pay out a big winner early on. It may not happen, but if you got into trouble paying out, the business could be finished before it gets a chance.
Many of these risks can be insured, believe it or not!
There are a number of companies that will insure against certain big prizes being won. if you go to some local event, and see a new car being given away to anyone who rolls 6 sixes on 6 dice for 50p, you can bet they have insured against paying out. To make a profit, which is usually for charity, the stall only has to cover the cost of the insurance premium, not a new car, and the charity makes a profit even if the car is won.

It IS possible to get dirt cheap casino software, but it has a bad reputation, and only fools and newbies will play.
Startyourowncasino is offering its cheating casino software for a mere $10,000 for full ownership & source code. It can be rigged to prevent players from winning too much, so you don't need insurance

Hype would be a better choice, but again it has a troubled reputation. Microgaming would have very high start up costs, as well as the need to insure against wins of around 100,000 to 200,000 credits (pat royal flushes and non-progressive slot jackpots).

Despite all this, there is no guarantee of making money - quite a few online casinos end up in trouble, and a few go bust.

**Avatar73** · 8th May 2007, 10:21 PM

true, but even bookies can take large hits! tho its a lot easier to limit.

I know... you would need about 1M USD to start one - so unless about 20 people wanted to club together with me, I think it's out of all of our leagues! I just thought it was interesting

**mikepipe** · 9th May 2007, 02:38 AM

Originally Posted by Avatar73

Would anyone else like to own an online casino, or is it just me?!

If so, what software would you use?

not me. i do have a job. choose rtg and make a good one!
It would be the first, ye know?!

**lojo** · 9th May 2007, 02:49 AM

I've been thinking of a software that would be happy with a small percentage. Something I could invite a few friends onto and play, or they me. Anyway, it's out of my realm as a US player. And nothing I could afford or create alone anyway.

But how hard would it be for a license owner to create a propriety version for 'clubs'. Just a thought.

**happygobrokey** · 9th May 2007, 02:57 AM

Originally Posted by KasinoKing

Actually there is a scheme to have your 'Own Branded' online casino which costs nothing (Run by an established company - you get a percentage of the profits).

I was seriously considering a 'Kasino King Kasino'!

I would do it if everyone here promised to sign up...

KK

you are aware the acronym is KKK right? would the K's on slots pay higher?

i gather this is how ms. tequila got her casino?