Online casinos – 6 tips for starting your own

1. Make Sure You Have Start-up Capital!

Opening online gaming is a serious undertaking. You need to have enough money to pay your players on winnings, get all the necessary paperwork in order, set up a server, and of course, pay your employees. You will need an estimated 1.5 million euros, so you may have to look for co-investors. Which also isn’t a lot in the online gaming business.

Determine Which Business Bank Account You Need

There are hundreds of banks out there, and it can be overwhelming to find one that's right for your business.

Here are some factors you may want to consider:

• Location - Is your bank close enough that you can easily make deposits or get cash?
• Low Fees - Make sure to understand any and all fees associated with setting up and maintaining your bank account. Ask for a list - banks usually try to keep this hidden and in the fine print.
• Online Banking Services - Make sure you can easily navigate through your online portal and you have easy access to everything you need.
• Line of Credit - What do your options look like (even if you don't need this now, you may need this down the road).
• Every bank has something that differentiates them from the rest, so make sure whatever that is applied to your needs and values.

Check out this list of the 13 Best Banks for Small Business in 2020 and what makes them so unique.

Quality game content

Let’s get to the essence of a casino platform — the game content. A variety of quality games and bonuses will keep players engaged and satisfied. Game developers are constantly competing with each other to create the next big hit in the world of iGaming, and the upshot of all that competition is a marketplace filled with fantastic games to choose from.

Your casino should have a wide variety of games based on the tastes of the target market. Different regions have different preferences for game themes and volatility settings when it comes to online slots, so make sure you’re offering the most popular games in the region. The same goes for sports betting — demands vary across markets, so make your sportsbook as complete as possible while catering to local preferences.

But the world of iGaming goes far beyond slots and sports betting. Other casino games all have fans who deserve to play from the comfort of their own home. Classic card games like baccarat, blackjack and poker will probably never go out of style. American and Europeanroulette, as well as dice games like Sic Bo, are highly popular in a number of different markets.

You can also breathe life into your brand by offering live dealer casino games, where streaming technology brings games hosted by real dealers in a studio to a player’s laptop or mobile screen. Live dealer studios usually offer live versions of the classic games mentioned above, but also feature money wheels, lotteries, bingo, and other inventive new gaming products.

Variety is essential. Giving players options for new gaming experiences will increase player retention by making sure there’s always something new for them to bet on. Once your operation is up and running, make sure to stay up to date with new releases in order to keep your platform fresh.

Analytical articles

15 March, 2022

Why work with an iGaming solution aggregator?

Cooperating with the industry’s top licensed and certified game developers will also grant your casino more legitimacy in players’ eyes. The industry is overflowing with game developers, each with their own unique spin on what makes a great online casino game. To ensure your players will always find a game that suits them, you’ll need contracts with a number of different game providers.

If you arrange each agreement separately, your development phase will drag on while your costs quickly add up — a single contract can take 1-2 months to conclude. Save time and money while maximizing your game content offering by using a game content aggregator to integrate games from several game developers into an online casino in a single session by signing only one contract.

Setting Up the Project

The first step is to create a new empty project in Qt Creator. We want the game to be in landscape orientation, so make sure to select this mode during the project setup. When you're done, just add the downloaded images to the assets folder of your project. They should also appear in the Other files\assets directory of the project tree in Qt Creator. Please take care not to add an additional subdirectory that might be created when you unpack the resources archive.

This is how your project tree should look like.

If you are all set, we can finally start to add some code!

2. Get the licenses

A license is something without which your online casino will not work. Mind that a reliable license is also a great helper when it comes to attracting more people to your online casino.

We recommend you focus on obtaining licenses from gambling authorities in such countries as Malta and Curaçao. These are tried and trusted solutions authorities well-known for their responsible approach to licensing.

Any user that sees licenses from these countries on your casino website will take it as an additional security guarantee.

What does the Curacao gambling license cost?

Depending on which master license holder you work with, the Curacao gambling license costs anything from €6,000 to €12,000 per annum.

But the right question to ask is: “What does it cost to maintain a Curacao gambling license?”.

To get the license you require a Curacao company and local management. The costs of this on paper is around €6,500 per annum but in reality you are going to spend between €15,000 and €25,000 in legal and administrative costs. Easy to do considering most companies will charge €200 EUR per hour in fees and this adds up fast.

Banking services are expensive so expect at least €2,000 per annum in banking costs.

You will also need to own hardware on the island in order to satisfy permanent establishment requirements (PE).

1. Server cost: EUR 3000 + shipping
2. Hosting costs: EUR6000/annum

Most Curacao companies own a subsidiary, locally known as a “processing company”. The purpose of this company is to sign contractual agreements with EU based payment service providers. Generally speaking these are setup in Cyprus and can add significant costs to your casino business with the wrong management company behind the wheel.

Step 3 – Understand Your Budget – Gather Funds

One of the most common questions new entrepreneurs to the iGaming industry ask is: how much does it cost to start an online casino? The short answer is it costs hundreds of thousands of dollars.

Every aspect of starting an online casino business costs money. For this reason, it is vital that once you’ve looked into how to open an online casino, you focus on how much capital you require to start a casino.

Do not make the mistake of planning your budget after setting up your online casino site. Plan it before. As a start-up, you need to know that your costs will be higher in the beginning because you’ve yet to earn the trust of players and the industry. A relationship must be built.

Creating the Top Bar

The top bar is a very distinct element of the scene, that contains additional items like the game logo and the credit amount. It is a good idea to create a separate QML item for such elements to keep your code clean and well structured. Create a new file TopBar.qml in your qml folder and fill it with this code:

qml/TopBar.qml:

import Felgo 3.0 import QtQuick 2.0 Item { id: topBar height: 50 // add background Image { anchors.fill: parent source: "../assets/BGTopBar.png" } // add logo Image { width: 241 height: 46 anchors.top: parent.top anchors.horizontalCenter: parent.horizontalCenter source: "../assets/Logo.png" } // add gold image (credits) Image { id: goldImage width: 36 height: 30 anchors.top: parent.top anchors.right: parent.right anchors.topMargin: 8 anchors.rightMargin: 4 source: "../assets/Coins.png" } // add gold amount (credit amount) Text { anchors.verticalCenter: goldImage.verticalCenter anchors.right: goldImage.left text: scene.creditAmount color: "white" font.pixelSize: 12 } }

The topbar has a height of 50 px, which matches the height of the background Image. But we do not set a fixed width for the top bar at this point. Instead, we configure the background image to fill the whole topbar, so it is possible to set any width for the topbar at a later point and the background image always covers all of it. We will use this behavior to match width of the bar with width of the game screen.

The other elements of the top bar have fixed sizes, but are not placed at a fixed point of the bar. Instead, we anchor the items relatively to the topbar or to one another. This ensures the same relative positions on any device width. For example, the logo is always vertically and horizontally centered.

The icon for the credits is a pile of gold coins that we place 4 px from the left and 8 px from the top of the bar. We then anchor the credit amount text directly to the left of the gold coins and center it vertically. By using scene.creditAmount as the text value, we display the corresponding property of our scene. Furthermore, any changes that occur in the creditAmount property are automatically applied to the text as well. This is possible due to the concept of property binding and erases any worries about keeping the text and the actual credit amount in sync.

And that kids, is how you create the top bar. ;-)

Conclusion

There are many factors to consider when you are planning to open an online casino. If you don’t calculate properly, you risk bankrupting yourself quickly. Profits won’t be made in the first years, and there are some costs that easily get overlooked or underestimated.

Keep in mind that before you ever break even, you will have to pay your staff, prize money and other running costs. With all these prices in mind, opening an online casino will cost you about $1.5 to $2 million. Venture capitalist firms might be willing to fund you.

How to start your online gaming site like Slotxo? This is an interesting question, especially now that the opportunities in the Netherlands have increased due to the new legislation. It can therefore be very attractive to have your own brand on the market. In this article, we will discuss everything about starting your own gaming. For example, what do you need? What should you absolutely pay attention to?

Jettie Oosterveen is a renowned Dutch gambling marketing strategist and he is here to give us an explanation regarding the matter.

Choose the Right Online Casino Platform

Choosing the right online casino platform is an important step in starting your own online gambling business. You need to choose a platform that is easy to use, secure and scalable, and most importantly, the one that will be appropriate for your business needs.

For example, if you are planning to offer blackjack, roulette, or online gokkasten, you will want to look for an online betting platform suitable for this type of game. Additionally, it must be flexible enough for you to add new games or change the website’s design. Ideally, it should be compatible with the payment gateway you choose, as well.

Select and Integrate a Suitable Payment Processing Solution

Integrating a payment gateway provider with your website is a critical step to ensure that your users can make deposits and withdrawals and fund their accounts. While there are many options available, it is important to choose one that has the best reputation and customer service. For example, some payment providers may have a poor refund policy or may charge excessive fees for processing transactions.

Our Services for Gaming Businesses

Fast Offshore doesn’t just assist with the acquisition of an online gambling license. We have worked hard to develop a comprehensive portfolio of services that we know meet the needs and requirements of our clients. Having been in the online gambling business for over 23 years, we are familiar with every requirement that can pop up, so we have made sure we can provide it. With our experience in all the key offshore jurisdictions, our relationships with regulators and authorities, and our vast network of international partners, we can provide services that will cater to your every need.

Choosing the Best Software

As with anything, you need to seek out multiple proposals and packages for your online casino from different providers. This is necessary for finding the best deal to support your vision. If you choose the right package you could enjoy additional services such as support setting up a bank account and applying for your gambling license. If you are going to take out a full package such as this, you must undertake research into your partner in business. Make sure you have done your due diligence.

When choosing your software for your online casino think about the game content. What is the quantity, quality, and variety of tools available? Is there a chance for additions to your catalogue of games as the site develops?

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The developers should be using the latest language for software development. You want your site to be future proof, as much as possible. So you should expect the latest version that is in line with the latest developments in the sector. A bonus would also be back-end support for the maintenance and management of your software. The more you can delegate responsibilities for the functionality of your website, the more time you can spend on marketing and promoting your business.

You need to ask about the payment system, also, as you need a high-quality built-in API. Keep in mind, too, that it is becoming increasingly common for online casinos to use cryptocurrencies. You should also ask about the ability to set up a loyalty and bonus program.

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Although the price of the software package is important, the security systems offered by your provider are more vital to the success of your project. If your site is hacked and unreliable you will never create a regular customer base.

Consider the staff you need to hire

Opening an online casino requires staff. The best online casino company is one that is run with a team of professionals, all of whom are skilled at specific tasks to ensure a smooth, secure, compliant, criminal-free, and profitable gambling operation. Here’s a look at some of the specialists you’ll need:

Are cryptocurrency casinos legal?

The big question on many minds – is cryptocurrency gambling legal? The short answer is currently, yes. As it isn’t an official currency, ‘playing’ with it doesn’t differ much from playing with any other virtual currency. In addition, if you have acquired your cryptocurrency anonymously then it becomes almost impossible to ban, restrict, or regulate. We wrote an article on Bitcoin casino licensing which should give you some more insight.

Step 6: Archive and publish

Last step!Now we need to upload the code to iTunes Connect and publish it.Things to check in Xcode before uploading:

• Bundle ID:  Should match the Bundle ID with the app on your iTunes Connect account
• Version and Build numbers:  If this is a new app, start at 1.0.  If you’re updating your app, the Version and Build numbers need to be greater than the previous ones.
• Bundle Display Name:  Needs to be relevant with your app.  This is the text that will accompany your app on the user’s device.
• Ad IDs:  Make sure your Ad IDs match those on your ad network dashboard, and campaigns are turned ON
• Code Signing Certificates and Profiles:  Make sure you’ve added the proper code signing files to upload your code

If you’re missing any of these steps, go back and reread this post.  Everything you need to know is included.Check out the video below for a step-by-step tutorial.Nice!  Our code has been successfully uploaded to iTunes Connect!Before publishing, make sure you have done the following:

• Finalized your title
• Input keywords and app description
• Uploaded screenshots for all devices
• Uploaded your icon
• Selected your app category
• Localized metadata (if needed)
• Updated your app rating
• Created and submitted any in-app purchases
• Setup Game Center (if applicable)
• Selected the latest build
• Set your price and release territories

When you’ve finalized everything, select your build in iTunes Connect and Submit for Review.

After uploading your code, select the build and submit for review

We Need a Slot Machine

We can finally come to the fun part: The actual slot machine! Felgo offers a special SlotMachine component, that really helps us to get the main tasks done. We don't have to take care of positioning the symbols on multiple reels, spinning the reels or stopping them one after another. This is what we will do:

• Set the data model for the items we want to show. In our case, we set the different symbols for our reels.
• Define the appearance of these items based on our data configuration.
• Configure the slot machine to use up the whole available window height and scale all elements accordingly.

I suggest we start with the definition of the symbols. Our game uses these ten symbols:

From the left: Flask of Rum, the poker card symbols 10, J, Q, K and A, the parrot, skull, treasure and the captain.

For each of these symbols, we want to define its frequency on the reels. The queen symbol should appear five times on each reel. The captain only exists once. That's why the player wins big when a line of captains appear on the slot machine. We want our slot machine to have five reels, and if three or more symbols form a line at the end of a spin, the player receives credits based on the amount he bet. This table shows you the return factors for each symbol if they form a line of 3, 4 or 5 symbols.

symbols	3x	4x	5x
10, J, Q	1:1	1:5	1:20
K, A	1:1	1:8	1:30
parrot, skull	1:6	1:20	1:150
rum	1:1	1:20	1:200
treasure	1:8	1:80	1:400
captain	1:20	1:200	1:1000

These values are just a configuration setting that you could also choose differently. It would be wise to have a configuration file to store these settings, so it is possible to easily change the symbols and win factors at a later point. We don't want to adapt any code just when some symbol settings change. There are several ways to achieve this. For example, we could add a global configuration property or include a JavaScript file that holds the configuration data. We decided to implement a configuration object as a singleton to show you yet another way how you can add global settings.

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Work with a plan

As you can tell there are quite a few things to consider before starting an online gambling site and good advice is to build a solid plan. A plan where you tak every aspect into consideration and calculate your estimated costs.

With this plan in hand it will be easier for you to create a success online and avoid mistakes that could lead to troublesome setbacks. Even if you are eager to get that site going it will be wise to give the plan plenty of time for plainer sailing once your site opens its doors to players from the UK and other parts of the world.

The online casino and sportsbook business is booming, and the revenues that a well-run online gambling platform can generate are a tempting prospect for investors and entrepreneurs. But how do you climb to the summit of online casino success? Before starting the long, hard ascent to the top, you’ll have to pin down the basics and gear up. In this article, you’ll find out everything you need to know about starting an online casino.

The content is being constantly updated. The information about licensing is recently added.

With gambling’s long, long history of inflexible demand and the constant innovations of the modern world, there’s never been a better time to find out how to start an online casino than 2022. Online gambling’s near future looks like a bright one: market research firm H2 Gambling Capital predicts that global iGaming revenues will rise above $117 billion within the next five years. To get an idea of how fast the industry is growing, consider this: revenues only hit $58 billion in 2018. That’s not just growth; that’s an explosion.

While hungry entrepreneurs everywhere are feeling tempted to try their luck with online casinos, scrupulous business strategists are planning out every single step on their path to the riches of the iGaming landscape. But as running a casino is not a game of chance, but skill, you’ve got to give your all to keep up with the competition.

• Analyze the market
• Decide on the territory of operation
• Prepare the business plan
• Gather capital
• Create corporate structure
• Get a license
• Hire people
• Prepare the platform
• Do marketing

In this article, we’ll cover the foundations an operator has to get familiar with before asking himself a question: is he up for the game, or will he wind up getting played? Would-be operators — behold, your roadmap for how to launch an online gambling business.

Leave it to the professionals

As a leading software developer in the iGaming industry, we are always ready to share our industry knowledge and advise operators on any complicated issues they may face. Moreover, our solutions for developing and launching online projects, as well as our gambling license acquisition services, can save you both time and money. Fill out the form and our managers will contact you shortly.

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