Did you understand that online gambling business is currently one of the fastest growing business categories on earth? The popularity of online gaming is increasing rapidly and this season has seen significant growth in Europe and Asia. In China and Malaysia, there are doubly 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 2010, it’s estimated that online gambling industry will top over $16 billion in revenues! London-based Merrill Lynch analyst Andrew Burnett says online gambling could generate more than $150 billion in revenues by 2015.
Until recently small entrepreneurs had no chance of stepping into the gambling industry, due to huge capital investments, gaming license acquisitions and legal red tape. The internet eliminated all the obstacles. Now you can own and promote your personal online casino, sportsbook and multiplayer poker room gaming business and generate revenues you’ve only dreamt about.
There are 3 ways to start an on the web gaming business:
1) Most Expensive – Design and implement all gambling software for an on the web casino, sportsbook and multiplayer poker room which may cost you an incredible number of US Dollars. You will even need to acquire a gambling license to operate your online gaming business, which requires approval from most governments. However, you will have full control of your gambling site, and full understanding of the origin code of your gambling software. In addition, no royalties are paid out to a gambling software development company.
2) Average – Develop into a Licensee of an Online Gambling Software Provider โป๊กเกอร์ออนไลน์. This can be a far less costly option to start an on the web gambling business and you’ll receive all the gambling software and sometimes even the equipment necessary. It can also be typically the most popular selection for both licensed land-based establishments in addition to entrepreneurs. Costs range between $30,000 to $350,000. The average licensing fees are about $150,000 (this usually includes marketing costs). In most cases a royalty is paid to the gambling software provider as a portion of the monthly “take” or “drop” (gross profit). Usually the gambling software provider has payment processing (merchant account providers) already set up for a fully turnkey operation.
3) Most Affordable – Develop into a Sublicensee of a preexisting Licensee. This is actually the most affordable option to start an on the web gambling business. Costs range between $5,000 to $60,000. The sublicensee is responsible for all your marketing and receives a smaller percentage than a full licensee (2), because royalties paid to the licensee are much higher.
To legally operate online gambling businesses, online casino and poker room owners turn to sovereign governments in countries that permit online gambling and duly issue licenses for gambling operations. The casinos and poker rooms are registered as offshore gambling operations and in turn, the respective countries gain significant licensing fees and tax-generated revenues.