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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.
Looking For A Horse Racing Betting System That Works?
Would you like to know about all of the races that are coming up at your local track? Do you remember a horse race from the 1980s that you would like to see a system for? If so the various horse racing systems available to purchase may just be what you are looking for.
What are Horse Racing systems? There is a number of different horse racing systems available to purchase including ones from the past and systems to bet on horse races which are coming up.
Previous systems can usually be found either at a local betting track or online. Usually looking online is better if you want to get a bargain for an older system, but if you are looking for current ones you can only really get them from your local track. In a system you will find out which races are due that day, a little about the horses and there will be a feature about the most important race that day too. Most systems to bet on horse races come in handy and they can help you to make an informed decision about which horses to bet on. The best thing about horse racing systems is that they are not overly expensive. However it just depends upon the year of the system. Some older ones, for example ones from the 1940s, can start at around $9.99. This means that the older the system, the more expensive it is likely to be. Other factors which determine how much horse racing systems sell for include how famous the race is. If you are going to see a really famous horse race, then the system may be slightly more expensive on the day. This is because it will go down as a day in history for horse racing and in a few years time it will be worth more than what you paid for it. systems to bet on horse races may not sound like they will be expensive, but if the race is particularly famous then in a few years time they could well be. systems to bet on horse races are informative and they can make a good souvenir if you are going to the races for a day. It is something that all the family can enjoy and by getting horse racing systems you can all see which horses are focused on and whether or not you should bet on them.
Overall systems to bet on horse races are available in a number of places depending upon which ones you are looking for. All current horse racing systems are found at your local race track but the older ones are best found online. They are informative and they give you horse racing news as well as a focus on a particular race and they can help you to choose a horse to bet on. They are certainly worth it and so when you do next go to the races look out for the systems to bet on horse races and you should find that you have an enjoyable day at the races.