Online casinos are an interesting way of capital investment. Many entrepreneurs are interested in the gambling sphere and make good business today.
At the same time, you need to pay attention to a number of factors that will determine the costs required to open a site on the Internet. There are several directions to invest in. Therefore, the process of opening a gambling business consists of several stages at which we will focus our attention.
Purchasing a license for an online casino
Getting a license is the starting point for any investor who has chosen a gambling business. Today, such an opportunity is provided by both European and other countries. Gambling authorities regulate casino operations on the state level. The cost of a license can vary significantly depending on which jurisdiction the company has chosen as a result. Legalization can be free or cost an entrepreneur hundreds of thousands of dollars. Here are some examples:
- Curacao – a license on the island will cost 30 thousand dollars;
- Australia – to obtain a license you need to have at least $200,000;
- Malta – is one of the most reputable jurisdictions for the gambling sphere, costs at least $100,000
Website development for online casinos
The important criteria for a successful launch of the project will be the brand itself. There are several large brands on the market today that are engaged in the creation of betting services. They can offer a wide range of services to clients in order to make the site competitive.
The platform must be in demand among players. To do this, you need to provide as many innovative features as possible, ranging from round-the-clock support and intuitive navigation to a variety of payment services. The price of your own site usually ranges from several thousand dollars.
Company office opening
In order to receive a stable income, the investor needs to decide on the best location for opening an office. You definitely cannot run the business without your own back office. Since the company must have its own technical department, managers, and other employees who need to comfortably settle somewhere. The office with the project team will be periodically expanded when the staff needs to be increased.
The rental price can vary significantly depending on a number of factors:
- – the level of office equipment;
- – availability of modern renovation;
- – the quality of communications.
At the entry-level, it is possible to open an office in the outskirts of the city to save on rent, while large online casinos are usually based in business districts, as this increases the brand’s prestige.
Purchase of gambling software
Studying the list of expenses that have to be foreseen when opening your own online casino, you should definitely take into account the purchase of gambling software. Today there are hundreds of different slots that are popular with their audience. The more extensive the catalog of entertainment presented on the site, the more new bettors will come to the site.
Self-development of slots is possible, but in terms of costs, it can hardly be called a rational decision. Most of the companies on the market turn to slot machine manufacturers for services, which can offer software for every taste. There is a wide range of popular software providers including Microgaming (top Microgaming online casino), NetEnt, Evolution Gaming, Play’n Go, and many others. To pay for the placement of slots, the gambling operator will have to agree on a percentage of the income generated by the supplier’s machines. The size of the interest rate will depend on several factors:
- – placement of slots in the catalog or on the main page;
- – the legal status of the machine;
- – the presence of a user-friendly interface;
- – the novelty of software solutions.
When looking for slot machines, it is important to keep in mind the needs of your own target audience. You should also conduct a market analysis to determine the preferences of competitors. It will not be superfluous to clarify the possibility of adding slots to the betting application since the mobile segment is becoming more and more popular every year. Do not forget that the company needs technical equipment that will enable its employees to successfully cope with the responsibilities assigned to them.
It is really important for players to know the owner, licences and regulations of an online casino. In fact, these are the main points a person must learn about before registering at some casino. In the casino’s turn, they’d better show this info to the public. If the public sees the company data, and that everything is transparent, they trust the casino.
In case with Tangiers Casino it is a bit different. The online casino does not openly show its owner information. Neither does it have the licences attached. Hence the players might be confused whether to trust Tangiers or not. The fact is that Tangiers is officially licensed and regulated in Curacao. Besides, its owner company is called Celicorp Ltd. This company has already launched several alike casinos since 1999, and they all are successfully running. If you need more proof, pay attention to the seals of approval by OnlineCasinoReports and VegasSlotsOnline. They are issued to the trustworthy and high qualitative online casinos only.
Although Tangiers Casino does not reveal its head company info, it does not mean it is not safe. All in all, look at the bottom of the casino page and see what security systems it applies. Anyway, it is up to you whether you sign up at Tangiers or not. If you feel that everything is alright, go ahead. Otherwise, step away and search for another casino online. There are plenty.
In the very beginning when you just think about joining some online casino, you can feel something is wrong with the whole gambling activity. To tell the truth, it can be so if you face a so-called scam, or fake casino. However, it never happens with legit online casinos. They have permission and approval from gambling authorities. This totally removes doubts.
Before we go further, there is one thing that you must be aware of. Online gambling is legal only in some countries. Make sure that the country you are browsing from permits you to do it. Otherwise, it is fully punishable by law. But don’t be too scared. Even if your country strongly prohibits online gambling, it may accept that you play at international online casinos. So, check this regulatory fact before playing games.
How to define the legality?
Now let’s figure out what online casinos are legit and what the legitimacy means at all. First of all, legitimacy is the approval by regulating bodies. As an interpretation of such approval are licences. Only official gambling authorities can issue the licences. The most reputable and famous authorities are Malta GA, the UKGC, also the ones from Curacao, Costa Rica, Kahnawake. To be more exact, there are several proving bodies worldwide that can issue the official paper of this kind.
Finally, here come the online casinos with the official approval from the mentioned authorities. They are legit which means they will not cheat on games or betray you in some way. So, you can join them anytime. The legit online casinos are Casumo (UKGC), Spin Casino (MGA), JackpotCity (MGA), Royal Vegas (MGA), Ruby Fortune (MGA), Dunder (MGA, UKGC) and more. You can easily check the legitimacy on the appropriate casino site. If you see a sign of at least one licence, the casino is officially legit.
Passing verification in a licensed club is safe since such casinos take the confidential information of players seriously. Violation of this agreement can lead to serious penalties.