What is necessary to run your own online casino?
Internet casino is considered to be one of the most profitable and promising types of business. But to receive money from this project, you must responsibly approach to all aspects of entrepreneurship, because otherwise you'll fail.
Many mistakenly believe that it is very easy to launch a new online casino. Practice shows that it is not easy to run online casino, it's almost same as running real gambling establishment and in certain circumstances - even more difficult. However, Internet business will save you from physical threats.
Let's look at the main stages of creating a new online gambling project:
1. Business plan
This will be your guide, which will help you not to go astray and confidently go to the goal. Before opening a new business project, you must plan your actions in advance. It will be optimal if you immediately analyze the potential costs of the goals you've set.
In which countries of the world do you want to work? Are you planning to enter the international level? Top-priority target - top markets or developing countries? What entertainment will be main in your casino? And what about money: will you work with ordinary money (dollars, euros, regional currencies) or will you use a crypto currency? All of the above nuances will determine the further development of the business plan.
2. Registration of gambling business
The gambling business will have to be registered in one of the jurisdictions that officially legalizes gambling activity and allows licensing of foreign agents. Admittedly, in most cases, the regulator requires that the applicant draw up a new legal entity in the country, which he chose as a licensee.
A good license is not a cheap one. You should choose licensor based on your goals. If you are targeting serious markets with the most solvent audience, then in that case you need a solid license in one of the EU countries. With a different scenario, you can easily limit your registration to the territory of Curacao or even Costa Rica (the most popular offshore for gambling business).
The cost of registration in the offshore zone usually does not exceed 10-12 thousand dollars a year, without additional fees and taxes. An authoritative license will cost at least $ 35,000 per year. It will also be necessary to pay a number of fees and charges, provide financial statements and pay taxes.