Steps to start Your own Own Online Casino as well as Poker Gaming Business.

Did you know that online gambling business happens to be one of the fastest-growing business categories on the planet? The popularity of online gaming is increasing rapidly and this season has seen significant growth in Europe and Asia. In China and Malaysia, you will find doubly many online gamers as you will find Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report that they shop online.

Revenues in online gaming business rose from only $800 million to over $2 billion in 1999! By year 2010, it is estimated that online gambling industry will top over $16 billion in revenues! London-based Merrill Lynch analyst Andrew Burnett says online gambling could generate more than $150 billion in revenues by 2015.

Until recently small entrepreneurs had no possibility of engaging in the gambling industry, because of huge capital investments, gaming license acquisitions and legal red tape ทีเด็ด บอลรอง. The internet eliminated most of the obstacles. It’s simple to own and promote your personal online casino, sportsbook and multiplayer poker room gaming business and generate revenues you’ve only dreamt about.

There are 3 ways to start an on line gaming business:

1) Most Expensive – Design and implement all gambling software for an on line casino, sportsbook and multiplayer poker room which could cost you millions of US Dollars. You will even need to acquire a gambling license to operate your online gaming business, which requires approval from most governments. However, you could have full control of your gambling site, and full familiarity with the source code of your gambling software. In addition, no royalties are paid out to a gambling software development company.

2) Average – Develop into a Licensee of an Online Gambling Software Provider. This is a far less costly option to start an on line gambling business and you will receive most of the gambling software and sometimes even the gear necessary. It can also be the most popular option for both licensed land-based establishments along with entrepreneurs. Costs vary from $30,000 to $350,000. The common licensing fees remain $150,000 (this usually includes marketing costs). In most cases a royalty is paid to the gambling software provider as a portion of the monthly “take” or “drop” (gross profit). Usually the gambling software provider has payment processing (merchant account providers) already setup for an entirely turnkey operation.

3) Most Affordable – Develop into a Sublicensee of a preexisting Licensee. Here is the least expensive option to start an on line gambling business. Costs vary from $5,000 to $60,000. The sublicensee is responsible for the marketing and receives a smaller percentage than a full licensee (2), because royalties paid to the licensee are much higher.

To legally operate online gambling businesses, online casino and poker room owners turn to sovereign governments in countries that permit online gambling and duly issue licenses for gambling operations. The casinos and poker rooms are registered as offshore gambling operations and in turn, the respective countries gain significant licensing fees and tax-generated revenues.

As Internet use spreads across the globe, online gambling business will continue being one of most profitable online business opportunities of the 21st century.

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