Gaming is one of the fastest growing industries online. It had revenue of USD $ 8-9 billion in 2006, USD 12 billion in 2008, and is expected to go beyond USD 15-18 billion in 2010. There are more than 2500 online casinos this time and still growing. The Internet serves equal opportunity for all land-based gaming operators who do not have a gaming business but want to start online gaming business ie. The benefits of the i-Gaming or e-Casino industry and the benefits. This article provides some basic information on the Internet gaming industry and how you can start your own online gaming portal.
What is Internet Casino or Online Gaming? This is an online gaming portal where players can place their bets online using their internet connection, until they want to. Different online casinos might offer some different features, bonus offers, and games in their portfolios situs domino online.
However, most of them offer some common and popular types of Las Vegas style games like Blackjack, Poker, Slots, Bingo, Roulette etc. Some include sportsbook, lotteries and other forms of traditional gambling, too. The money can be deposited or picked up by credit cards using various online payment methods. The overall gaming process runs through software from a main server and is closely monitored for all online activities.
The online gambling software comes with various customizable features and games. The operators can limit individual bets, daily bets and fix a payback ratio. Some of them also use Vegas Odds, especially in the State of Nevada. The payback percent can be set is the game of mind volume. More payback translates into more winning odds for players and more players for your casinos.
Online gaming business: How to start an online gaming site
a) License – At first you need to get a gambling license from your authority and run a field of operations to a casino. This would cost a good amount, depending on the prevailing rules in any state.
b) Software – You will need software that is designed for purpose, with integrated e-commerce features, payment methods and security measures. There are many software companies offering customizable options with online casino software. This might cost you a good amount but you have a full control of the site and no royalty-sharing with a software development company.
Some internet gambling software providers also offer franchisee type of arrangements which are much cheaper than acquiring your own software. These companies provide the company with a fixed cost and / or a certain share of revenue at the required equity. This type of fee may cost USD 30,000 to 1 million. The company, in turn, may provide marketing, maintenance and other support.
Another low-cost option is to become a subsidiary or an affiliate. This may be obtained at no initial investment or may cost something up to USD 60,000. In this type of arrangements the sublicense has to put in its own player network for marketing and build up.
How to promote online gambling business: what is true for all other online and offline business is true online gambling too. That is marketing and promotion activities. Earn profits for your online gambling site and attract players. Money attracts money. You can decide what and how you can promote your online gaming business and how much you can invest on a monthly basis. The results might take some time to show, though.
Exclusive License and Getting Your Own Online Gaming Business
Software may cost anything from $ 400,000 to $ 500,000. The promotion of the cost of these excludes. The alternate option is to contact some online gaming marketing service provider for a faster and better return at reasonable cost.