I was just wondering how one can go about starting an online casino/gambling business? What permits, laws, etc would I have to follow? If anyone has any experience in this field please post.
Thanks.
I was just wondering how one can go about starting an online casino/gambling business? What permits, laws, etc would I have to follow? If anyone has any experience in this field please post.
Thanks.
Step one, move out of the United States.
Entrepreneur, Freelance Web Designer and Search Engine Optimization Specialist, Rutgers University Sophomore
“It never hurts for potential opponents to think you’re more than a little stupid and can hardly count all the money in your hip pocket, much less hold on to it..”
Can it be located/operate out of the U.K. or India and can I just control it from U.S.?
I believe so, as long as you do not allow US customers to play. See WagerWorks a subsidiary of US based International Game Technology
this industry is so saturated, you need a lot of money if you want your own casino/poker room and not just an affiliate casino where u only get commisions.
you also need a lot of money for marketing. poker rooms like mansion.com have thrown millions of $$ at marketing and their poker tables are still empty.
You cannot host, operate, or own any online gambling websites inside the United States. The UK does allow operation of online casinos, sportsbooks, and poker rooms.
what about bodog.com it´s growing so fast, i think the answer is find other markets outside US. i´d like to join this biz is so big and there´s a lot of potential let´s get something
Hello, Online casinos may seem incredibly luring when you hear about the few companies who rack in millions, some even billions off E-gaming. But the reality is far from the dream. To go up against the big hitters, such as partypoker.com it would take millions and millions of advertising dollars. Not to mention all the programing involved to create an internet casino (millions) unless you become a lisceness, which is $200k+. But MANY MANY companies who offer this are out to steal your money. So not only do you have incredible business challanges, ITS ILLEGAL. If you are american, you absolutly CANNOT do ANYTHING regarding gambling over the internet. Even if you did, say, host it out of costa rica under a ghost name, and were actualy successful, what would you do with the money? launder it? and then go to jail? sorry man, cant be done.
Nick
Featured on:
Copyright © 2011 Entrepreneur Media, Inc. All rights reserved.
Disclosure: You should assume that the owner of this website is an affiliate for providers of goods and services mentioned on this website and in the videos. The owner may be compensated when you purchase from a provider. Perform due diligence before purchasing from this or any other website.