There are 3 ways to start an online casino:
1) You must design and implement all the software for an online casino and E-commerce. This only will cost you millions of US Dollars. In addition to this, you will need a license in order to run the casino, approved by most governments. Although this is extremely expensive too, you will however detain full control of the site and full knowledge of the software source code. Also, there are no royalties paid out to a software development company.
2) Another way would be to obtain a license from the Online Gambling Software Provider. This option might be cheaper, but the client will receive all the software and in some cases, even the necessary equipment. This option is one of the most popular ones for licensed land-based casinos and entrepreneurs. This variant costs from $30,000 to $350,000, although there have been cases where this option cost as much as $1 million. A licensing fee costs somewhere around $150,000 marketing costs included, but in most cases, a royalty is paid to the software provider as a percentage of the monthly gross profit. It is common for a software provider to have payment processing (which are also merchant account providers) set up beforehand for a turnkey operation. You will find the list of companies that can provide the software for you, under the Licensing Section.
3) The third option would be to become a Sublicensee of a Licensee. This is surely the cheapest option, but also the most restraining one. Costs for this option vary between being completely free to $60,000. Becoming an affiliate is the same as being a Sublicensee with no up-front costs. If you do become one, you must however do all the marketing yourself and settle for a much smaller percentage than a full licensee, if you chose option 2, because royalties paid to the licensee are much higher. You can check the Sublicensing Section lists in order to see what Internet Casino Software Licensees would be willing to provide this.
It doesn’t matter which of these options you will choose or how much money you want to invest – we are here to guide you! We have created more than 800 websites, more than 200 SEO campaigns and over 350 PPC campaigns. We are a Bucharest based company that handles web-design, online marketing and business consulting … but enough said!
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