Can I withdraw bonus winnings without making a deposit?

That is quite reasonable why a person might get a thought of starting its own online gambling business. It brings much profit, especially nowadays when online related industries are at the top. Just like the huge yearly revenues of online casinos, one has to spend the big sums of money for the business launch.

Gambling business requires many responsibilities and attention. The known stereotype about casinos that they are always cheating impose additional obligations on the casino owners. They have to license their business activity, get special certificates and constantly prove that they are safe and fair.

This ‘proof’ costs money which you as a potential owner need to pay at the very beginning. All the licenses, certificates and security technologies are the first instruments that you have to think of before you start. Not a single high roller or even a regular player will make funds into an ‘unknown’ casino without an official license.

Registration

However, in order to receive a license you need to accomplish several steps. First one is to create the company according to the laws of the country that allows running online casinos. They are usually small countries like Malta, Costa Rica, Gibraltar or it can be the UK, by the way. The company registration cost varies. In the UK it’s 550 euros, in Costa Rica you would have to pay almost 3,000 euros. However, Gibraltar and Curacao don’t take charges at all. So, let’s take the average cost of the registration of a legal entity – $1,000.

Gambling platform

The site content is the most important. It’s the face of the online casino. The real money attractive games are what people come for to the online casinos. Basically, you need to make a deal with at least one software provider and have a minimum of 500 games in your casino lobby. Nevertheless, the more games and providers, the more customers. The price is different again. It varies from $10,000 to $150,000. It depends on the provider reputation and amount of games you purchase. Mind that you will have to pay commission from each game. About 15% from one game revenue goes to the provider. Averagely, you could pay about $50,000 for games including commission.

Licensing

Finally, you can apply for the license. This step allows you to host servers and represent casino games worldwide (where they are accepted by laws, of course). Generally, the licensee is based in the same country where you registered your casino business. Accordingly, the price varies. For example, in the well-reputed Malta you can get the MGA license for about $18,000 + the same for annual fee, in total over $35,000. In Costa Rica you’ll pay totally $50,000. Besides, the license doesn’t last forever. It’s issued for several years. On average, 6 years is the expiry date. So, let’s assume that the first licensing costs $50,000 including the cost itself and annual fee.

Website development

Your casino site should be, first of all, clear and easy to navigate. Whenever a visitor enters the site, he or she must understand what the casino offers: games, bonuses, banking options, support, security and etc. Clarity, transparency and availability of all website options. The whole development of the website costs from $10,000 to $50,000. Though we can’t deny additional losses. Let’s take $50,000 for the website development stage.

Marketing

This step is necessary for all businesses. In order to let people know about you, you need a marketing plan including advertising, SEO content and affiliates. Your minimal marketing losses can be $20,000. However, it doesn’t make much sense as it pays off quite a little. For the good profitable marketing system you can pay $100,000 and even $200,000 monthly. Additionally, you will have to pay a fixed sum and sort of 20% commission to the partners that brought you clients. All in all, for the advertising stage we have approximately $100,000 a month which annually is $1,200,000.

Casino maintenance

Here you should include, first of all, salaries for your staff. It should be a whole team of specialists in the fields of design, web development, security service, support, sales and marketing, finance and copywriting. In addition, you will have to maintain the site and its security system annually. The total cost of this all will be about $500,000 a year. It depends on the salary amounts you can afford, of course.

Payouts guarantee

This is a specific amount of money you save in the bank as a guarantee that you are able to give payouts to your players. It can’t be used for taxes and other expenses. This is a necessary fund, and its minimum depends on the registration country. It will cost you about $100,000.

Total calculations

If we consider each expense given above, the online casino site costs $1,951,000 at the start. Still, you have to understand that this sum is not exact. In reality you may pay more or even less. Anyway, considering all the necessary and additional expenses, you need to have at least $2 million in your account to open and maintain the casino site during one year. With an excellent marketing plan you can compensate for the losses during a couple of years, or even less period of time.

First of all, the main advantage of this payment method is the fact that you can process in a few steps. Easily, go to the payment options, choose the mastercard, fill in the code and type the amount of money you want to deposit. The process will take a few seconds to transfer the money to the casino account. That’s why many casinos have this type of method in selection. Such as the most popular casino in NZ Jackpot City provides all kinds of methods, including Mastercard Bonfire.

1. Jackpot City – the withdrawal time 24-48 hours.
2. Spin Casino – the withdrawal time 24-72 hours.
3. Royal Vegas – the withdrawal time 24-48 hours.

Conclusion

The Bonfire Mastercard has a place to be. In fact, it’s a really convenient method to make a deposit, however, you are not allowed to withdraw the money through prepaid cards.

Before you join Royal Vegas, you have to know a couple of things about it. Beside the typical info about over 700 games and excellent experience that you can get at Royal Vegas, the online casino opens private info about the company and, of course, posts the terms right on the site. You can read them by yourself to stay assured. All in all, Royal Vegas seems to be fine and safe. So, let’s prove if it’s true.

Legitimacy

The first thing we ought to judge by is the legitimacy. Any online casino should be legit and licensed. Otherwise, you can’t trust it. Thankfully, Royal Vegas is one of the trusted. It’s time to mention the owner of the casino, Digimedia Ltd. The company registered the online casino in Malta and successfully received the license in 2018 by MGA. You can check what this licence contains if you visit the Malta Gaming Authority site and enter the number of Royal Vegas licence: MGA/B2C/167/2008.

Safety

Hence the online casino is regulated under the code of MGA licence, it has no other rights except for providing safety to visitors. Royal Vegas applies SSL-encryption on the site. It’s a 128-bit technology that protects the data of private and financial use from hands of internet frauds. In this part you may stay sure. Safety and privacy are guaranteed.

Conclusion

Still I recommend reading the general terms applied at the gambling site. These terms are what you sign automatically when you join the casino. Pay attention to the point 10 ‘General”. It says “The Casino may, without notice to you, amend, alter, delete, interlineate or add to (“Changes”) these Rules, Terms and Conditions <…> at any time whatsoever”. Mind that the online casino can alter the terms if you once have an unsolving trouble with them. By the way, Royal Vegas mentions that all your actions are made on your own risk. In order to avoid any problems, just read carefully what you agree with, play responsibly and don’t abuse bonuses.