Australia has always been a famous casino destination because it nurtures a very strong gambling culture. The number of gamblers in Australia is mind-boggling and only a handful of other countries worldwide can really compete with Australia in terms of gambling popularity.
However, there is one thing Australia still lacks if it wants to become the most advanced gambling destination. We are talking about online casinos and digital gambling sites and apps. The smallest continent is still strict when it comes to online gambling and many entrepreneurs are desperately trying to dig a hole through the system.
Luckily enough, there are ways to bypass restrictions. You can still launch an online casino in Australia without breaking any state or federal rules. Let us show you how to do it!
Australia has a huge market potential
If there is one thing we can say about Australians, it is the fact that they love gambling. Seriously, it has become some sort of a national discipline as hundreds of thousands of people gamble in traditional casinos on a regular basis.
Australia currently has 14 casino operators and they employ nearly 24 thousand people. In 2018, also known as the pre-coronavirus year, Australians spent over $20 billion on electronic gaming machines, lotto, and other gaming alone. And that doesn’t even include traditional gambling revenue, which proves that the Australian gambling market is gigantic. Although COVID-19 slowed down casino operators drastically, things are going back to normal in 2021.
In such circumstances, it is even more surprising to learn that Australia is not prone to online casino gambling. We will explain why in the following chapter.
Local regulations don’t allow online gambling
Let us be clear about one thing here – Australian laws prohibit online gambling. Even the best Australian online casino has to be creative and find alternative ways to attract clients because local players are not allowed to sign up. What seems to be the problem here?
First of all, Australia has a complex legal system. Federal laws serve as an umbrella principle, but each state regulates the gambling market on its own. This basically means that gambling rules differ from state to state.
Secondly, the federal government has adopted the Interactive Gambling Act in 2001. The law prevents companies and individuals from offering online gambling services to Australian citizens. In other words, no matter where your casino company may be registered or licensed, you are not allowed to offer services to Australians.
The solution: Target foreigners
With everything being said so far, one question remains unanswered: How can you launch a fast withdrawal casino Australia? It requires a lot of work, but the simplest answer is this: You can start a company that targets international players exclusively. That’s the only way to launch a digital casino in Australia.
Don’t think it’s a bad idea. Keep in mind that Australia is a country of 25 million, while the rest of the world has a population of nearly eight billion. You don’t have to be a genius to do the math and calculate the market potential.
This is particularly important if you know that online gambling is growing big time on all continents, including the Americas, Europe, and Asia.
How to Create an Online Casino in Australia?
Now that you know it’s possible to create a casino company in Australia, we will tell you how to do it most accurately. Let’s go through the process step by step:
Register a company
The first step is mandatory as you have to register a casino company and acquire a valid operating license. A lot of island countries like Malta and Curacao are known for issuing online casino licenses, so their governing bodies can help you go through the process relatively quickly.
Conduct market research
You don’t want to enter the battle unprepared, so we strongly recommend conducting market research in order to spot the challenges and opportunities.
Hire a good team of employees
No one can be the Jack of all trades in business, which is why you ought to hire a good team of reliable employees. They will handle everything from legal processes and IT to finance and marketing.
Market your online casino
Finally, your company needs a comprehensive marketing plan. That’s the only way to outdo competitors and attract enough gamblers to make a sustainable business in the long run.
The bottom line
Australia is one of the most developed casino destinations in the world, but it still lags behind competitors in terms of online gambling. This is a big issue for local casino operators who would like to launch a virtual casino on the Internet.
Although there are quite a few restrictions, the problem can be solved if you follow our step-by-step guide on how to enter the online gambling industry in 2021. The bottom line is that you must respect state and federal laws in order to run a digital casino. After that, it is all up to you and your professional abilities.
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