Own your very own online casino!

[Avatar73]

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

If so, what software would you use?

 

[ProducerK]

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]

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]

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

 

[KasinoKing]

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]

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]

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]

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]

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]

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?

 

[lojo]

You just like to stir sh*t up doncha Happy?

 

[lojo]

I'm down, KK.
I remember a while back a wealthy man with friends asked for it. Why couldn't we dunks do it as well. I don't mean vip, just a place to play. Maybe I'm out of my league.

I would dig a simple software. We can play craps, roulette, bj in the round, maybe slots tournaments.

It's out there, it's simple, it ain't nobody's bidness i guess.

 

[Pinababy69]

I'd love to have my own casino. I'd have a specialty slot where the bonus round is a bunch of scantily clad hunks, who you get to disrobe the further you progress in the bonus round. I know that Jenn would sign up as she likes her eye candy!!

Oh, and the men get to disrobe babes. However, if they make any lewd or lascivious comments while playing....I will pop out of the screen and give em fifty lashes with my cat o' nine tails. How does that sound?

 

[lojo]

I'd go there!!!

 

[KasinoKing]

I'm down, KK.
I remember a while back a wealthy man with friends asked for it. Why couldn't we dunks do it as well. I don't mean vip, just a place to play. Maybe I'm out of my league.

I would dig a simple software. We can play craps, roulette, bj in the round, maybe slots tournaments.

It's out there, it's simple, it ain't nobody's bidness i guess.

...
Could someone please translate that into English for me...

 

[lojo]

remember a while back a wealthy man with friends asked for it. Why couldn't we dunks do it as well. I don't mean vip, just a place to play. Maybe I'm out of my league.

I would dig a simple software. We can play craps, roulette, bj in the round, maybe slots tournaments.

It's out there, it's simple, it ain't nobody's bidness i guess.

Hope that helped.

 

[dominique]

It takes a lot of effort to run a casino, you need to hire and train all kinds of people, tech, graphics, support, office, accounting etc etc. You need an office for them, and nowadays, unless you stay in Europe and only accept certain European countries, you need to be on top of the financial world. Tax and Banking lawyers, processors, as well as online gaming lawyers and and and....

You can avoid most of that by using a white label. But the majority are scams, and of the ones that are not, you will need to investigate their payment capacity. I don't just mean money in the bank, I mean the ability to do payouts within a reasonable time frame despite the UIGEA hurdles.

You will need help in marketing in any case, because if you don't have money coming in you can't pay it out.

It would be a wonderful thing to do a community casino, but just not an easy feat by any stretch of the imagination.

I like Pinababy's slots Grand Virtual has a striptease slot... but nothing as hot as Pinababy's.

 

[Simmo!]

The whole white label thing makes me nervous plus I like to know who I'm dealing with, not just who's fronting it. It would have to be on proper respected software and thus, a stand-alone licence, or an "out-sourced" operation using a respected casino operator for me to want to become involved.

Microgaming would be my first choice. Wagerworks and Crypto I'd also consider although I'd prefer to see a wider range of games on the former.

That said, I hate having employees and I hate "customers" Been there, done that, and it's nothing but trouble. And the customer always wants to win!! What's with that?

 

[Casinomeister]

I would not recommend anyone to get into the business unless they have some serious real life casino experience, finance and marketing finesse and at least 3 mill (Euro) in the bank. And that's after setup fees, licensing, etc.

I would not recommend the cheap brands of software because you get what you pay for in this business. If you don't have the cash or the know-how on operating a casino, I would go for a white label. But this is just a full-blown affiliate account and is geared toward a niche market. They come and go pretty quick. I would be pressed to name one successful white label casino.

 

[dominique]

I would be pressed to name one successful white label casino.

Yep. Even ones with decent backing tend to fail because promotion isn't easy. Affiliates tend to avoid them because they are not considered stable.

So you need a huge advertising budget in addition to everything else.

It sounds easy but it's a quagmire.

 

[lojo]

Who would want that headache? And 3mmeuro stress to boot? But a simple club could be done with my cam, your cam, and trading the bj deck... having a common craps table, etc.

Lets hope these casinos get it together online and people don't have to resort to ingenuity to gamble

 

[happygobrokey]

playboy's girl of the month slot shows bare titty

 

[Avatar73]

How dare you dirty my thread with such blatant lewdness!

Nah only kidding. Thanks for the contributions! Certainly gives something to think about... mebbe a good thing to have got into back in the day! I only need to double my fortune 5 times to get 1M and set up my own place
Anyone know somewhere with no table limits?!
PS it appears my avatar agrees with you, happygobrokey

 

[jenn1381]

I'd love to have my own casino. I'd have a specialty slot where the bonus round is a bunch of scantily clad hunks, who you get to disrobe the further you progress in the bonus round. I know that Jenn would sign up as she likes her eye candy!!

Oh, and the men get to disrobe babes. However, if they make any lewd or lascivious comments while playing....I will pop out of the screen and give em fifty lashes with my cat o' nine tails. How does that sound?

LMAO oh hell yeah, I'm there!!!

BTW I love your quote... way true.. Just might have to say that to some of my staff members today.. apparenetly I've been "mean" lately. But only because they've been stupid! How fitting... lol

 

[Pinababy69]

BTW I love your quote... way true.. Just might have to say that to some of my staff members today.. apparenetly I've been "mean" lately. But only because they've been stupid! How fitting... lol

Thanks Jenn. It came about as I was having an argument with my ex the other night. He asked me why I was such an f***ing bitch....I told him because he was so f***ing stupid. I love to be reminded of why we are no longer together. Actually, it's not a fair representation, because we get along okay now that we're split....go figure. So that "quote" just sort of popped to mind.