How to Start Online Casino and Poker Gaming Business

How to Start Online Casino and Poker Gaming Business

Did you know that online gambling business is currently one of the fastest growing business categories in the world? The popularity of online gaming is increasing rapidly and this year has seen significant growth in Europe and Asia. In China and Malaysia, there are twice as many online gamers as there are Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report that they shop online.

Revenues in online gaming business rose from only $800 million to over $3 billion in 1999! If the situation continues at this pace, it is predicted that online gambling industry will have revenues of at least $14 billion in 2007.

Until recently small companies had no chance of getting into the gambling industry, because the costs are too high. The cost of acquiring the online software, marketing, customer service and other crucial infrastructure is far higher than what a smaller company can realistically pay. But with the burst of the Internet bubble, many gambling companies were able to raise funds from private investors and by using their strength to lobby Congress to make internet gambling illegal rather than legalize it.

With the outlook for online gambling growing, many gambling companies now have a chance to succeed and many are foregoing the basics in order to build a larger, more reputable and more customer-otion. For instance, since the beginning of the bubble, first-time web casino entrepreneurs are increasingly troubled by the high-interest of potential players. This makes it all the more important for first-time entrepreneurs to market their websites in the biggest, most odorless way possible: by risking being labeled as illegal by means of a campaign of misinformation that will surely drive potential players away.

However, in some cases the cost of acquiring an operating license, among other issues, has discouraged potential entrepreneurs. The best thing about this trend is that it is good for all involved. Smaller gambling companies can use their scale to attract myriad new players to their sites; they will get free access to a lot of revenue and they will also be protected by secured properties, meaning that their clients’ details will remain confidential, secure and safe. Web casino

The cost of acquiring an operating license is a prohibitive amount in the beginning. Most of the examined cases were eitherinefficient investments for the backers, meaning that the costs of acquiring a license were high. In some regions of the world, the costs are exorbitant and the investment deal itself is probably too complex as well. However, considering that costs have been reduced by online gambling operators, it can be more reasonable in the beginning.

It is your decision whether you want to raise your investment in full when you receive your acceptable rate of return, or whether you want to take a smaller percentage initial deposit when you need it most. This is practically the only opportunity you have to do an initial deposit bonus in online casinos. Thus, compare different options to choose the best one that suits your needs.