Tag Archives: license

Online Casino Software to Start Your Own Gambling Site

November 22, 2019   Game type   No comments

Internet gambling is a relatively new but rapidly developing niche. It’s probably one of the most profitable and toughest niches online, after adult stuff. So if you’re looking at jumping into this business you’d better come prepared because the competition is at cut-thought level and you’ll need every trick in the book to succeed.

One of the first choices gambling business startups face alongside with getting a license is choosing a casino software provider for the website. It comes even before all the licensing issues because in order to apply for a license you need to specify what software platform you’re going to use to make sure it complies with the requirements of the licensing jurisdiction you’re applying to.

There are a number of software developers offering casino and poker software. Some of them are quite expensive and require high set-up fees and revenue share percentage. Others are more competitive in terms of pricing. When allocating your budget for the software, keep in mind that you’ll also need a considerable marketing budget, so don’t spend all of your start-up capital on the software because getting your website up and running is only half the battle. The real work starts when you get down to getting the players to the site.

But we’re diverting. What are the major things you should consider when choosing your casino software provider?

License

Just like gambling operators casino software providers have their own licensing system. Only work with companies that are licensed in white-list jurisdictions, this way it’ll be much easier for you to get a license and you’ll know you can trust these guys.

Payment options

Make sure the software system makes it easier for the player to deposit the money. The more payment options are supported the better. Also, make sure there are no issues with the cash-out system, because your reputation as a business will pretty much depend on it.

OS support

Make sure the software is compatible with the most popular operating systems Windows and Mac, and runs seamlessly on both.

Games

While a powerful and reliable back-end is a must, the games are just as important. Games are what keeps the player coming back to your site. Modern graphics, realistic sounds, effects, themes – all these things contribute to a good gambling experience, but the most important component of the game is the mathematics. Casino games are based on a random number generator but there’s much more to it. The game should keep the player captivated, it should make each spin and each hand as exciting as possible – and that’s what the algo mathematics is responsible for.

Once you have shortlisted a number of software providers, be sure to visit the casinos powered by their software. Register for an account, play the games, try on the shoes of a regular player and see if that’s where you would play. But tastes differ of course, so your own opinion is not enough. Read gambling forums and see what players are saying about the casinos powered by the software from each company on your list, because it’s all about the player.

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6 Steps to Obtaining a Gambling License

December 12, 2018   Game type   No comments

The timing for starting an online gambling business is perfect. Surveys show that if you follow all the necessary procedures and do things legally, you are bound to get good profit. But before all the fun starts, you need to obtain a gambling license. Here you can get the general idea about what you will have to go through.

• 1. Start with creating a business plan to estimate the expenditures and expected profit. This will not only help you to see where you stand financially, you will also need this information later.

• 2. Find a good casino software provider. You have to take this step seriously, because later you will have to submit a certificate that the software you intend to use will not malfunction and won’t be used for cheating. Such certificate should also be issued by a reputable company or some qualified institution.

• 3. Choose the jurisdiction you want to obtain your gambling license from. Online gambling licenses are issued in a relatively large number of countries. But just as some animals are more equal than others, not all licenses turn out to mean the same thing for both online casino players and governments of those countries you may want to promote your gambling services in. The reason for this is the difference in requirements for obtaining a gambling license in different countries. Some are known to be rigorous and obtaining license from them can become a painstaking process. However, their approval will make you look like a trustworthy online casino operator, which you are going to become, aren’t you?

The list of such countries can be found at the UK Gambling Commission website. It is also often referred to as the White List which obviously means that licenses issued by these jurisdictions will be favored.

• 4. Depending on the requirements of the selected country, you will need to provide documents about your (and other investors’) financial status, police record from the permanent country of residence and a sort of money investment plan (mentioned above). So your next step is getting these papers ready.

• 5. You can submit your application for a gambling license via a local representative (it can be your attorney or an accountant) to the representative of the appropriate establishment.

• 6. And then you wait. Your application will be reviewed in accordance with the piece of legislation that sets out conditions for granting a license. You may find it interesting to also learn from this document about the reasons for gambling license revocation. As it was mentioned above, players tend to trust licensed casino operators, because they know that gambling license involves regular assessment of the casino’s conduct. So there will inevitably be a list of rules you will have to follow in order to keep your license if you get one.

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