Excitement is a huge driving force. You can earn money on this human quality if you correctly think over your business strategy. You can open an online casino quite legally if you understand the nuances of the case. We will tell you how to better organize such a business, promote it, and attract new customers.
Why are online casinos so popular?
Each of us has a grain of gambling in our minds, in some people it grows to enormous sizes, takes root and requires constant replenishment. Many people cannot live without sharp emotions, competitive moments, the opportunity to make money quickly and in big amounts.
A huge number of people who have tried at least once to play in an online casino want to continue this entertainment. Captured by excitement, players win certain amounts, get a chance for bigger wins, and place bets again and again.
The casino is by far the most popular of all known gambling activities. Especially in demand is its online version – an online casino. Players don’t have to leave the house, make unnecessary body movements, waste time – just sit at the computer and play.
The great example of the popularity and operation is Casinonic Australian casino, which you can find by link www.casinonic.com/en-AU. There you will be able to try games for free and make a picture in your mind about how online casino should look like.
How to legally register an online casino in Australia or any other region
Do you want to open an online casino in Australia (or any other country) and operate legally? You will have to go through the procedure for registering in offshore zones – countries where the operation of a casino is allowed by law.
The registration process itself, the amount of money spent on taxes, business conditions, rules and laws will depend on the specific state where you will deploy your business.
Let’s consider several countries as options for opening an online casino.
It is considered the most prestigious area in the gambling business. Inveterate gamblers who know the intricacies of online entertainment trust online casinos registered in Malta. The activities of casinos under this jurisdiction are absolutely legal.
However, it will not be easy for a budding entrepreneur to open an online casino in this country. You will have to get a real office, spend a decent amount on a deposit, correctly draw up a bunch of accounting reports, bring your software in line with specific requirements, pay non-child tax and few other pains in the butt you need to take care of.
It is much easier to register a casino in the Seychelles, and maintain the prestige of your virtual brainchild at a high level. There is no need to pay a deposit or deduct funds to the tax office. But you need to purchase a license that is valid for a year, then it can be renewed.
It is also quite a profitable and uncomplicated territory in terms of jurisdiction where you can open an online casino. Most businessmen register their casinos in Costa Rica. There are no taxes, no special requirements for the software, the server, the very owner of the business. The only intricate nuance is the procedure for registering bank accounts in Costa Rica. There are a number of obstacles for foreign citizens, but all of them, as practice shows, are surmountable.
Noteworthy offshore segments include Kahnawake (a city in Canada), the Dominican Republic, the Philippines, and Curacao (an island in the Netherlands). Having obtained a license to open an online casino in these territories, you can safely, legally, without fear of the law, develop your business.
Your casino server should be located in the same place where you registered your business. You will need to choose the software on the basis of which your gaming club will work. There are two options: the user first installs the program from your site to his computer, and then plays through it, or he plays through a special interface right on the site. Practice shows that the second option is more preferable and can be used on all modern devices. Many users, even those interested in playing in a casino, will simply be lazy to pre-install any software.
Your site should have a wide variety of casino game options for players to choose from. Don’t neglect the quality of the graphics and usability. A pleasant, high-quality website that is clear and easy to use will deserve much more user confidence.
Pay special attention to the safety of the site, as it will be used to deposit and withdraw funds (players will make money bets, receive their winnings). If the protection is weak, even a not very experienced hacker can easily break it, and you will lose money.
It is better to place the site in the .com or .net zone, and choose the legal, fastest hosting. It is desirable to use one or more of the words like “casino”, “cazino”, “kazino”, “game”, “online” in the name of the site.
An online casino is a simplified version of a real casino, but you are unlikely to be able to do such a business alone at the very initial stages. When the project grows, people will be needed anyway. First of all, these are specialists in technical support of the site. An online casino must operate around the clock and must be constantly monitored to ensure that it works properly.
To promote a website, you need a seo-specialist and an smm-specialist. The task of the first is to ensure that your resource has the highest possible positions in the search engine results for targeted user queries, and the second will promote the site on social networks. Promotion is not a single action, but an ongoing process, without which your site will have negligible number of visitors.
You also cannot do without a person who monitors the receipt and withdrawal of funds. If you have sufficient skills, you can write business reports and do accounting yourself, but it’s not recommended.
Profits and expenses
The casino system, including online casinos, is based on the fact that players lose more often than win. Therefore, the bets that were placed by users will override your costs of paying out winnings. For example, if each user leaves about five dollars, then with an attendance of one hundred people a day you will have 500 stakes every day. By promoting your site, you will increase the number of players, therefore, increase your profits.
As for the cost of a license, in some offshores it is several thousand dollars, in others – hundreds of thousands. A ready-made script for an online casino can be bought on the Internet for almost a penny, but without bringing it to mind, such a casino will work unstably, constantly giving errors. So keep that in mind if you decide to open online gambling club.
Interesting related article: “What is a Wager?“