Interesting read. Setting up online casino
Setting up an Online Casino.
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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.
