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How Much Does it Cost to Open your Own Online Casino?

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.

Conclusion

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.

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FAQ

his platform provides a variety of features that you will like for sure. Royal Vegas was launched in 2000 and gained a reputable casino with Microgaming software. Moreover, you are able to download it or play in the browser even on a mobile phone. Basically, the casino is easy to play on the site RoyalVegas.eu. There you can receive a bonus up to 1200$ + free spins. In fact, you can read a full review on RoyalVegas on our site and find out about everything you need. As I told earlier, the games are provided by Microgaming, and include video-poker, slots, progressive jackpots and live games with real dealers. In the live section, you can play Baccarat, Roulette, Blackjack and others.
Can you imagine, there are generous loyalty bonuses for regular players. Furthermore, there is a multilevel system of previligious. From silver to diamond, you are able to get benefits such as, monthly prizes, faster payouts, private events and so on.

Conclusion

As you can see, Royal Vegas is a legit casino with great intention toward clients. You are able to play it on the official website and meet an enormous amounts

The issue of fairness is the most meaningful when you decide to join an online casino. It’s extremely important to choose the right one. Among numerous fake casinos there are also fair ones that will pay you out and never intend to give your private data to outside parties. Let me help you with the choice and inform you of the primary features that you have to pay your attention to.

Security issues

If you have searched through our site, you could find a lot of ratings and articles with the top casinos that are worth following. The mentioned gambling sites are all confirmed as trusted. The characteristics by which we test the online casinos are the following.

  • Licences
  • Security measures
  • Support service
  • Games variety including providers
  • Banking options and payout speed
  • Promos

These are the most necessary features that any fair online casino must obtain on the high level. However, there is no perfect gambling website. Some licensed sites have perfect support and games selection, but they lack a couple more options for payout. The others are good at promos, they pay out quickly, but the support is slow and has only email contact. That is why we recommend several online casinos depending on the characteristics and games selection according to players’ tastes.

After we’ve learned the general info about casinos, we test them in practice. Games, overall loading, unpackaging of welcome bonus, connection with support service centre and, of course, payouts speed are all tested. The reviews where we describe the online casinos are based mainly on the common features of the casinos. Usually the info in description matches the reality. Otherwise we mention the drawback.

Although we have a mostly objective opinion on the casino sites expressing our personal impressions, it doesn’t mean that your experience will be similar. Of course, online casinos try to do their job right, but sometimes depending on a situation you may get a wrong impression on a casino. Therefore, your personal unique opinion develops differently.

If you are not experienced enough in this matter, trust the gambling professionals. Read reviews of online casinos on the casino review section.

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