Home » FAQ » Is Yukon gold online casino real?

Is Yukon gold online casino real?

One of the participants of the CRG program is Yukon Gold. This casino site raises doubts in new coming gamblers. Visiting the site, it feels like something is wrong with the casino. So, let me finally close the question if Yukon Gold is real or not.

Games provider

The online casino has two ways to access: instant play in the browser, or downloaded software. Both have power by Microgaming. If you are not aware, Microgaming provider is the biggest on the market. It is the most popular and loved. Thus, having the games from MG, Yukon Gold carries the trust of the most powerful game provider.

Legality

The first thing to check in the very beginning is legitimacy. Any online casino activity is proven legit if it has got licences. Regarding Yukon Gold, there are two of them issued by Malta GA and the UK GC. To cease your doubts, I tell you that the mentioned authorities approve online casinos for legitimacy, fairness and real results. There is no single online casino which got this kind of a licence just for nothing.

Speaking of games results, you can find a real electronic proof of the independent tests of eCOGRA on the Yukon Gold website in section ‘Fair Play’. The tests are carried out constantly to prove that the winning or losing results of games are random and fair.

Responsible gaming

Yukon Gold cares for the players. To be more precise, it takes part in anti-addiction programs like GamStop and BeGambleAware. In other words, if a player gambles too much and according to statistics loses all the money at a time, Yukon Gold will offer help.

Payments system

Finally, the payment methods play a role in recognizing a casino real. The fact is that Yukon Gold cooperates with the popular banking systems including Skrill, PayPal, Neteller. User trust them, therefore you just don’t have to worry about your money upon depositing or withdrawing.

Conclusion

Depending on the provided information, I guess it’s clear that Yukon Gold is absolutely real. The other question is if it’s worth trying out. And only you can tell the answer judging by your opinion and experience with the online casino.

Internet banking is a method for online payments that allows us to transfer funds from banking card to online casino account (in gambling). This also refers to eWallets that keep your banking card in their accounts. With the help of internet banking, players can make deposits to online casinos, and receive special welcome bonuses if they deposit using e-wallet (internet banking).

NZD, simply, is an abbreviation of the New Zealand dollar. NZD is a national currency in New Zealand. You should also know that any online casino that accepts the New Zealand dollar is known as NZD online casino.

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.

More articles on gambling topic

28.10.2020 581
Why reviews are important? There are so many ways to find out if an online casino is trustworthy and safe to gamble. Anyone can easily tell you: the real online ...
02.08.2021 2696
Lucky Nugget became the leading online casino in New Zealand. It offers exclusive bonuses for Kiwis, therefore being one of the most popular online casinos. Reading out the Lucky Nugget ...
17.05.2021 452
All online casinos with slot machines provide so-called loyalty programs. Each bet on the slot gives you so-called loyalty points. The number of points determines the player’s loyalty level. The ...