Tag Archives: costs
Online casino slots Why they are better than traditional casino slots
If you think carefully about it, technology has actually made such a big impact in our life that pretty much everything we do now would have been considered mysterious say around fifty years ago. Hence, moving ahead with these changing times is something that you would probably want to do. This is perhaps a strong reason why it might be time to bid adieu to traditional casinos and embrace the concept of online casinos. In these casinos, one of the most played games would probably be online casino slots.
A large number of people today actually go in for online casino slots mainly because of all the different advantages that it has to offer. If you wanted to go in for something that could perhaps give you countless hours, then this would probably be it. For people around the world, these slots serve as an instant reprieve from some of the daily troubles that might be bothering them. You too should give it a shot and see for yourself as to how much of a difference it can really make in your life. After all, knowing what it is that you are going in for is something that you would probably want to have on your side.
The other big advantage with online casino slots is that it costs you practically nothing in addition to playing the slots. There are no associated costs like with traditional casinos. With such casinos, you are looking at spending a large amount of money, which could be anywhere from a couple of hundred to even an excess of a thousand dollars, depending on where you go and the length of your stay. With online casinos, there is no driving to a place, which translates to no accommodation costs and also no other costs that you would have to take care of while you are enjoying slots.
Low costs and low effort should have motivated you already to go in for online casino slots. But, if you are still looking out for a reason, it might perhaps interest you to know that currently, you actually might win a lot more from the online slots compared to traditional slots. Thanks to reduced cost of operations, online casinos can actually stand to give you much more money which is perhaps reason why more and more people switch over to this medium every day. Dont miss out on it and make sure you too try it out right away.
How To Start Your Own Online Casino & Poker Room Gaming Business (Page 1 of 2)
Date: June 7, 2007
Dear Entrepreneur,
Did you know that online gambling business is currently one of the fastest growing business categories in the world? In fact, the gambling industry in the United States alone generates more annual revenues, than the Hollywood movie industry, music industry and video game industry sales combined! Americans spend over $54 billion on gambling annually. 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 $2 billion in 1999! By year 2006, it is estimated that online gambling industry will top over $14 billion in revenues! London-based Merrill Lynch analyst Andrew Burnett says online gambling could generate more than $150 billion in revenues by 2015. The potential of online gaming business is too big to ignore. Now is the perfect time to get onboard.
Until recently small entrepreneurs had no chance of getting into the gambling industry, because of huge capital investments, gaming license acquisitions and legal red tape. The internet eliminated all the obstacles. You can now own and promote your own online casino, sportsbook and multiplayer poker room gaming business and generate revenues you’ve only dreamt about.
There are 3 ways to start an online gaming business:
1) Most Expensive – Design and implement all gaming software for an online casino, sportsbook and multiplayer poker room which could cost you millions of US Dollars. You will also need to obtain a gaming license to run your online gaming business, which requires approval from most governments. However, you will have full control of your gaming site, and full knowledge of the source code of your gaming software. In addition, no royalties are paid out to a gaming software development company.
2) Average – Become a Licensee of an Online Gambling Software Provider. This is a far less expensive option and the client receives all the gambling software and sometimes even the equipment necessary. It is also the most popular option for both licensed land-based establishments as well as entrepreneurs. Costs range from $30,000 to $350,000. The average licensing fees are around $150,000 (this usually includes marketing costs). In most cases a royalty is paid to the gaming software provider as a percentage of the monthly “take” or “drop” (gross profit). Usually the gaming software provider has payment processing (merchant account providers) already set up for a fully turnkey operation.
3) Most Affordable – Become a Sublicensee of an existing Licensee. This is the least expensive option to start an online gaming business. Costs range from $5,000 to $60,000. The sublicensee is responsible for all the marketing and receives a smaller percentage than a full licensee (2), because royalties paid to the licensee are much higher.