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Interesting read. Setting up online casino
Setting up an Online Casino.
William Hill Casino
WELCOME £150
bet365 Casino
DEPOSIT BONUS £150
Grand Eagle Casino
100% Match up to $250
Miami Club Casino
WELCOME $800
Lucky Creek
WELCOME up to $400
Sloto Cash Casino
NO DEPOSIT $7 FREE
PartyCasino
WELCOME £3,000
Jackpot City
DEPOSIT BONUS UP TO £500
Titan Casino
DEPOSIT BONUS UP TO £5000
WinADay
WELCOME $500
Online casinos are to e-commerce what Las Vegas resorts are to big city hotels. This may seem a bold statement, but when considering the differences in cost, set-up time and technology, you begin to see that the comparison is that not far off.
Setting up an online casino is a daunting task. To begin with the industry is so new that there are only a few people in the world who can really qualify as experts on Internet Casino setup and development. That makes them hard to get a hold of and expensive once you do. But nonetheless, if you want to start an online casino you had better get one of these guys to show you how.
Once you have gotten an expert to guide you on your way, you’ll need to choose a software package that suits the style of the casino you intend to run. Companies like www.gamblingsoftware.com have experience in developing net casino games, and are one of the best ones to approach. They have a turn key solution that will not only save you time, but will save you from the expensive pitfalls of trying to orchestrate everything yourself.
Nonetheless, building a casino from scratch is another option. But be warned, unless you have a lot of time, a big budget and an ocean of experience in online gaming you’d be better to buy one off the rack. The gamblingsoftware.com package cost $100,000 if you agree to pay the company a 15% royalty on your net profit, but only $50,000 if you agree to part with a 35% royalty.
Other casino packages will cost you between $100,000 - $300,000 depending on which one you choose, however with almost all packages you are tied into a royalty obligation to the software manufacturer. Some are as low as 15% and some as high as 45%.
When you chose you casino package you’ll need to look at numerous options like, weather to go for a no-download JAVA or a Downloadable casino package. You’ll also need to look at the suite of games the manufacturer offers. www.gamblingsoftware.com has a good variety of casino games including Blackjack, Spanish 21 Blackjack, Progressive Video Poker, Progressive Slots, Progressive Caribbean Stud, Multi-player Progressive PaiGow Poker, Jacks or Better Table Poker, Roulette, Craps and Pulltabs. An advantage you get from www.gamblingsoftware.com is that the games can be configured on your casino floor as desired. For example you may decide to offer three blackjack tables but only one table for Spanish 21 in your casino layout. This is an area where you will need to rely on the expertise of your casino software manufacturer, and you will want to heed the experience of the experts.
Once you’ve chosen a software package that you like and you’ve decided on the games you want, the next thing to do is find a place to call home. There are around 50 jurisdictions worldwide that offer online gambling from their shores. Some of the most widely recognized are Antigua, the Netherlands Antilles, Australia and Dominica. Jurisdictions should be chosen for their reputation, their telecommunications infrastructure, and on their taxation policy for Internet gambling. The jurisdiction you choose is extremely important, as this is where you’ll need to physically need to locate your server.
Antigua is a top choice for online casinos, partly because it was one of the first jurisdictions with Internet Gaming licensing and partly because it is an offshore tax haven. A license there will cost you $100,000 for a casino and an additional $60,000 for a sports book.
By the end of all this you have spent at least 6 months and between $300,000 and $600,000. Remember, these are just setup costs. You’ll also need to budget for your casino bankroll, a deposit for the credit card merchant, an advertising budget and your hardware. If you want to get a good healthy start in this business you’ll need to invest about $1 million in total. But if your casino takes off, you can return your $1 million within a year.
This may seem like a lot to spend on an online casino software package, but when you consider what your buying you begin to see the value. The fact of the matter is that your online casino software is one of the most advanced pieces of software on the Internet. The technology that your casino integrates the latest in graphics, database integration and secure payment processing technology available.
Graphically, online casinos need to transfer the highest quality images to the player in the shortest amount of time, compressed into the smallest possible file making downloading a breeze even on the slowest modems. Some casino packages use the latest versions of Flash and Shockwave technology to accomplish this, integrating the latest in multimedia animation and stereo sound. Rich media and streaming video software packages are available too. However, Java still seems to be the cats meow for no-download graphics.
One of the most complex and taxing operations for your online casino’s software is processing game data. The casino software generates outcomes of casino games using a random number generator. Once information is generated, the casino database processes the information before passing it on to the player, creating one copy on the database, and one copy on the player’s monitor.
The casino database must also contain reporting functions that allow the operator to monitor every aspect of the casino. Like the central nervous system of the software, the operator’s area not only records, but controls the casino. Monitoring the information is made easy through reports. Software like www.gamblingsoftware.com’s offer literally dozens of pages of information which the operator can remotely access while online. The reports display anything from the top winner’s performance, to the day’s net win or loss.
Still a third area of concern in online casinos is the security of your credit card transactions. Like any site that deals with online credit card payments, an online casino uses latest SLL and SET protocols to ensure the safety of its customers and for the house. But unlike many e-commerce sites, casinos often require additional security features that including the mining of anti-fraud data to sniff out bogus credit card numbers and the blacklisting of problem gamblers.
Comparing it to an e-commerce web site, you’ll see how an online casino costs proportionally as much as a casino resort compares to a standard hotel. Your typical bespoke e-commerce site, say for a travel and airline ticketing agency will cost the operator somewhere between $30,000 and $50,000. That makes it around 10 times less expensive than the online casino site. A Las Vegas hotel and resort cost nigh on $1 billion, while a standard hotel o the same size in a similarly sized city cost about $100 million. Again about 10 times more for the casino resort than the hotel. You see, I told you that the comparison was fair.
Hi SevenTenEleven
Not sure if you remember me. We chatted a few times last year. Good to see that you are still around.
I would say this is a great opportunity to load up. I have been following this board for the past year. I decided to jump in yesterday and loaded up quite a few. I am happy that the pps is this low so I can continue accumulating. If anyone here has played any online cash casino's you will obviously know it's a big cash generator. I can certainly wait a couple of more months if need be and load up in the mean time. GLTA
This is far from over IMO.
I loaded up today but it sure wasn't 12 million
Virtual brokers has also placed a dtc chill on orders.
Not showing up at court is a no, no. Judges don't like their time being wasted.
Get ready boys and girls Mar 26 is a coming. To da moon and beyond. Our fate will soon be revealed. Locked, loaded and ready. GO WGAS GO.......
We should hear something by the end of march
Okay, we'll it was completely down last nite when I checked.
Looks like the WGAS site is completely down for maintenance. Could be a sign of changes in the works.
I'll bet by late march or mid april
Thanks XZX for recommending this board.
We are waiting for you to join the party. Just kidding but you're more than welcome to jump aboard. Read the stickies and all the posts then you will be all caught up.....
It was set this morning for March 26
I'm interested in what the news will be for the Restricted shares
Wouldn't this so called dilution continue to help pay off debt ?
How do you figure this is dragging it on. A date has been set, courts move at their own pace. If you have ever been to court you would understand this process. We have our date and we will soon find out where this stands.
Not gonna disagree with you, drilling may not happen for Q2. I'd be more concerned with getting the agreement first and I'm sure this is priority one for Volk.
No trial. Motion for status conference has been set for March 26. We will find out after the conference where this stands.
I said either this will result in a settlement or a trial. Volk has a commitment letter for 8.5 million. Isn't this just what he needs to get this deal done. There has also been a lot of restricted shares that could also be a part of this process along with open seats on the board. If you think Volk wanted to abandon this whole deal don't you think he woulda walked away from it along time ago? Why would either of them even go to a status conference and waste all this time up until now. IMO this is all posturing for the parties involved to get the best deal for their respective interests and unfortunately it takes time.
What is it that you are hoping to hear. Post something with more substance than just by saying "Very bad news". Please share with the board some factual information why this is so bad.
Hmm lets see here if my average cost was even 0.05 pps and I got nervous and sold at under a penny. I would be pretty upset and would likely post some pretty negative comments due to having no confidence in this stock. If anyone here has been duped in such a way I can totally understand however It might be time to get over it and move on to other prospects instead of continuing to aggrevate yourselves and others.
IMO a settlement could be reached before Mar26th and signed off on by both parties in front of the judge on that day or we go to trial. It's that simple either an agreement and settlement or a trial.
We need this conference to get this settled or go to trial what is it that you don't understand.
I don't have a problem with 1 more month. Could be worked out and settled on March 26. To me this is good news we at least have a date and this is moving forward. Would you rather here the date is 2014. Good things to those who have patience IMO
Okay folks we have a date set of March 26 for the status conference. Just got of the phone with Tiffany at Division G county records. Case 2011-12640
Certainly would be brilliant.
I agree. Too easy
Too funny XZX I came to this conclusion by myself
I was just reading your earlier post now and laughing how I pretty much came to the same speculative conclusion as you did. Hmm maybe good things are really gonna happen.
Montecito and WGAS are in litigation over 547 acres I'm not sure about the other 3 that are listed. Looks like some DD is in order.
Unsecured because WGAS and Montecito are in litigation.
IMO and pure speculation Volk could bring in Robert Smith of Virgin Oil and make him our new CEO and settle with Montecito by giving them seats on the board. Ventana could get rid of all the Toxic debt and Volk could go on to his other business endeavours all the while reaping the rewards of an increased pps with the amount of shares he holds.
I found this today on page 14
IN RE:
VIRGIN OFFSHORE USA, INC., DEBTOR
CASE NO. 11-13028
CHAPTER 11
CHIEF JUDGE ELIZABETH W. MAGNER
UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF LOUISIANA
CHAPTER 11 PLAN OF REORGANIZATION DATED JANUARY 31, 2013 OF VIRGIN OFFSHORE U.S.A., INC.
SUBMITTED BY GERALD H. SCHIFF, CHAPTER 11 TRUSTEE FOR THE ESTATE OF VIRGIN OFFSHORE U.S.A., INC.
Paxton Intervention means those certain proceedings commenced on December 5, 2011 (Trustee’s intervention filed on May 17, 2011 and Granted on May 21, 2011) styled Montecito Offshore LLC v. Paxton Energy Inc. and PaxAcq, Inc., Civil Action No. 2011-12640 pending before the Civil District Court for the Parish of Orleans, State of Louisiana.
Plan of Reorganization Dated January 31, 2013
http://www.gordonarata.com/720DE/assets/files/Documents/Offshore%20Plan%20of%20Reorganization%20(Web%20Copy).pdf
Now if this was going to the bottom of the ocean as some of the bears have posted here why the hell would anyone pick up that many shares in one order. ROTFLMAO
I agree. I made a nice boatload on that one myself.
ROFLMAO
So your saying he doesn't give a rats a@@ about his career and reputation.
Charles F. Volk, Jr.
Chairman
Mr. Volk brings over twenty-seven years of professional experience running public companies in various industries including oil and gas. In addition to his current responsibilities for Worthington Energy, Mr. Volk has been the Chairman of Bermuda Segregated Funds, Ltd., an open-end mutual fund with offices in Bermuda, since 2007. Prior to that, Mr. Volk was the Chairman & President of Osage Energy Corporation. Mr. Volk was also a co-founder of an operating copper company, Mercator Minerals Ltd., a component of the TSX Mining Index. In 1981, Mr. Volk earned a BS degree in Business Administration from Menlo School of Business Administration in Menlo Park, CA.
If he was gonna cave in and pull the plug on this ATM as you say. How would his new corporations be viewed by new investors or lenders? IMO this would be corporate suicide, you think that he would ever stand a chance to be successful or have any credibility after witnessing such a debacle, I think not. It's in Volks best interest to see WGAS succeed or face humiliation and future failure in all his endeavours.
Why would Charlie push on and get a commitment letter from Ventana for 8.5 million in funding? I mean really why would he kick Mason and the BOD's out. Why even PR anything if he wasn't trying to make this work out. IMO he is doing everything he can to get this company back on track and doing the business of acquiring properties to drill oil and make money. If he was doing nothing this guy would be gone and never look back a long time ago.