The Best Guide to Start an Online Casino
Many people want to start their online casinos to earn a lot of money in short time but the steps to start an online casino are many and need to be fully understood before starting. This guide will help you to start your online casino easily as long as you followed it well.
1. The online provider:
There are two things that you should determine well before starting your online casino; the software that will run your whole website and the gambling games that the website will provide to its users.
The software will run our website through the following operations. It will manage the accounts, fraud, payments, marketing and all the rest of the operational activities.
The games are what will attract gamblers to your website s you need to decide them well before starting. Deciding which software you will use and which games you will offer will help you decide the best online provider.
There are two types of online providers; providers who develop the platform and the gaming content by themselves and providers who offer you packages with gaming content of other providers which is called B2B or business to business model.
Each type has its advantages. The rates of the online providers who develop gamed by themselves are lower and the flexibility of the providers are higher while the rates of the providers who offer packages are higher but you will use multiple developers with signing one contract.
You also need to determine whether you want to pay monthly for the provider or not.
Choose the best online provider and ask for as much information as you can. The provider is essential for your website so you need to compare between the best providers and choose the best of the best.
2. The online casino license:
There are some points that you should know regarding the online casino license.
• Signing a contract with a B2B provider will make you need a sub-license. This sub-license will allow you to run your website without the actual need of a license. It is good when you are about to start but after a while you will need to get one for yourself.
• If you will not sign a contract with a B2B provider, you will have to get a license for your business before starting. This should be the first step to run your business legally.
• The bitcoin online casinos do not require licenses.
• Choose the best country to have your online casino license. Some countries require big fees annually like Romania and the United Kingdom while other countries like cost Rica require low fees.
• Countries with low annual fees will allow you to have gamblers from non-regulated jurisdictions worldwide.
• You will need to have an offshore company related to your online casino. This offshore company is what will help you get the license as it will be the face of your casino.
• Pay whatever the fee of the license will be and provide any information the license department will need. Be cooperative to make your business run as smooth as possible.