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Anyone know the costs and reqs to get a RTG license?

Discussion in 'Online Casinos' started by YodaJedi, Nov 22, 2007.

    Nov 22, 2007
  1. YodaJedi

    YodaJedi Dormant account

    Been putting some serious thought into opening an online casino ever since that Acropolis thread. I don't have that kind of money to buy them or an established property but I am funded enough for a small casino and I have a business plan to pursue a small, niche market that I think would work. I'm going to contact the softwares myself but thought maybe someone here could give me a little heads up info on what is needed to start a new casino. Microgaming I've heard is out of my price league. Anyone know what Playtech requires? Everything I've heard leads me to believe RTG has the lowest cost entry point. I've heard $50,000 is what is needed. Anyone know if that's true? What else do they want? Again, I will be contacting them via phone but it would be nice to have some of this information before I speark to a salesperson. Thanks! :)
  2. Nov 22, 2007
  3. uungy

    uungy Dormant account PABnononaccred PABnoaccred PABaccred

    By the looks of things its about $10
    1 person likes this.
  4. Nov 22, 2007
  5. YodaJedi

    YodaJedi Dormant account

    I guess I can buy several then :D
    1 person likes this.
  6. Nov 22, 2007
  7. SlotsWizard

    SlotsWizard Dormant account

    I currently work for the Wizard of Odds
    North of Antarctica
    The only other requirement is that you have to be alive, although exceptions can be made.
    1 person likes this.
  8. Nov 22, 2007
  9. uungy

    uungy Dormant account PABnononaccred PABnoaccred PABaccred

    Yup! Ever heard of the Virtual Group, or the Palace group, they have invested atleast $200 in RTG according to my calculations.

    It must be funny to see their Tax Returns!

    $200 Casino Software
    $0 Licensing
    $3,000,000 Deposits
    10,072 Withdrawals (thats the teaser witdrawals that get processed to get more deposits)
    $250,000,000 Bonuses
    $2,999,565 (the withdrawals probably werent even processed)

    Considering that, if you have the same niche in the market, and have the same business plan, please let me know if you want a partner, I can invest about $100 for 10 casinos :lolup::D
  10. Nov 22, 2007
  11. jetset

    jetset Ueber Meister CAG

    Senior Partner, InfoPowa News Service
    Your problem with RTG is that they have now acquired a not wholly unjustified reputation for not giving a rats ass about what their licensees do, and they seem to simply ignore the players who have problems (hence Casinomeister has to get involved oft times just to get a response.)

    But from your description of your intentions it sounds as if the (reputable) white label route may be a more economical course you could follow, so I would investigate that route with reputable white label providers with a good track record (St Minver springs to mind but I'm sure there are others)

    You may have noticed from earlier threads here that the covert and insufficiently policed white label is not a popular concept with many players. However, by being upfront and efficient (and adequately funded for marketing) I believe it is possible to prove by practice that you are reliable and thus become successful in the niche market that your research has convinced you has possibilities.
    1 person likes this.
  12. Nov 22, 2007
  13. happygobrokey

    happygobrokey Dormant account

    student of life
    if your niche is savvy and wise players aching for another decent and reputable rtg to choose from, please do. as it stands, we have less than you can count on one hand to choose from that do things right. i bet you'd do alright especially if you were somehow able to allow US, which is also a niche of which you may speak. if you're on the level, i'm sure there are tons (expecially americans) who would love to see a new top-quality meister-worthy rtg come online! :thumbsup:
  14. Nov 23, 2007
  15. ugaboga

    ugaboga Casino Addict

    Information Technology, Day Trader
    It is illegal for Australians to operate an online casino. So if you are keen, you should be ready to move abroad..
  16. Nov 23, 2007
  17. paul02085

    paul02085 Senior Member

    Fishing :)
    You could probably buy one with the sign up bonus. But you would never get the check. :)
  18. Nov 25, 2007
  19. tim5ny

    tim5ny Quit Gambling

    I think for an RTG license, one of the requirements is that you must've spent a minimum of 10 years behind bars. Other items in your resume' such as perjury, racketeering, and strong-armed robbery will no doubt demonstrate your experience in the field and also help you with your endeavor.

    What will you name this casino? The Golden Shower? :p

    Sorry! I couldn't resist!

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