Realisticly, how much would you need to start/run an online casino

[me_and_ed]

Total ESoft just offered me their premium package for 4800 pounds (spam), you can start your very own clip joint for under 5k.

[Nifty29]

Ive heard you can get a white label of Pamper Casino for $9.99, along with a free 12 pack of super-absorbent diapers and a rubber check book.

[lauriejim]

Originally Posted by Nifty29

Ive heard you can get a white label of Pamper Casino for $9.99, along with a free 12 pack of super-absorbent diapers and a rubber check book.

LMAO!!!!!!!!!!!!!! will you call it CRAPS CASINO ?..............laurie

[Paul@JetCasino]

Hah I like this question.

Let me give you some of the basic costs which have no reflection on Jet...

License - £60,000 per annum + £10,000 investigation & ICS Approval
Key Individual Certificates per director & senior manager - £5,000 each
Servers & Hosting will cost a minimum of 6 figures per annum
Staff costs, Marketing, Payment Processing, Six Figure Capital...

All in all you should expect costs of well over £500,000 in the first year of operating if you really want to drive your business and make it succeed. This cost will only grow as you employ more people and increase your player base.

It's not a cheap business to run so always be sure to stick with credible companies with good backing and a good management team.

[liquuid_fusion]

It would probably be sensible to buy insurance to cover the cost of any very big winners when you first start out.

[KasinoKing]

Originally Posted by liquuid_fusion

It would probably be sensible to buy insurance to cover the cost of any very big winners when you first start out.

... or just open another RTG clip-joint - then you'd never have to pay any winners at all!

[4 of a kind]

Looked into it somewhere around 2002. To fire it up the right way was somewhere around 1.3 million back then. Plus me and my partner would of had to share time off shore to over see operation. Plus costs of setting up both paperwork and residence in a foreign country. We both had family and local business interests, didn't make much sense risking our balls with an uncertain future. Besides not having any connections what so ever, we certainly weren't no computer whiz's either. Would of been at the mercy of what we were being told, and on the job training.

[kimss]

This is kinda funny, since I accually was into the belief that my losses could atleast keep a casino going... I tried (email, so I didnt) to get in touch with Microgaming, however that didn't work.

Im a guy from Nowray, and I do know some people in the industry. Working with software myself, it's easy to get the belief that (just like Adobe software) you might just download with bittorrent and start your own casino. However, the truth is that, like a few people already added, you need staff. Think what you yourself would want as a salary, and think of how many staff members you want.

Also, consider that Microgaming, after all - has to be the best software ever. This has to cost, Microgaming are not rookies, they know the game! This is a marketplace that brings alot of money, also it brings alot of "newbies", which in turn makes Microgaming a service provider that has to pick their customers. This makes the price go up, on the other hand, this is good for the customers.

It is easy (?) to calculate the cost of running a casino, you need to add you employees and license fees (software and casino papers). I believe the biggest cost is having insurance of a possible win, since no serious casino can afford NOT to pay the win. If you look at investors, I would think that any figure below ten million dollars is wishful thinking!

Remember, there is alot of people involved, and this is a money business! Maby there are software brands that make you the king for 1K, however this is no way to run a business!

I belive, as what I thought some years ago, that a few hundred thousand dollars... No way, that doesnt work!

[WagerWitch]

OK - so --- realistically - if I had 4 million AND I wanted to move overseas (where to?)

This could be a possibility?

And what are the percentages on returns?

I mean realistically WHAT do casinos ON AVERAGE make?

Is it worth investing 4 million?

Seriously guys - anyone know?

I may be in a position to do this type of thing in the not too far off future and it IS a thought that has crossed my mind.