Web entrepreneurs are quite often excited about starting their next new ventures. They look for opportunities which would be quick to launch and break-even. One such option is an online gaming website. Though gaming websites have been in existence for more than twenty years or even more, launching a gaming website in the new Internet era has become much simpler. Let us see how.
Turnkey casino service providers can help to set-up an online gaming business for gaming operators. They offer services which include acquiring a Gaming license, hosting the gaming server, ensuring redundant operation, Firewalls, Deposit processors and even helping operators to set-up their office. The list does not end here but we have highlighted some of the important ones. There are different licensing models which are offered by the service providers. While we are not going to elaborate much on the various models but the White Label model is a great way to start an online gaming business. The investment required for setting up an online gaming business is much less than what it used to be years earlier. Thanks to technology the cost of setting up a white label gambling business can be as less as $10, 000. With so many opportunities it is just natural that many web entrepreneurs are jumping to the gaming bandwagon and tasting success very fast. With the entire back-end operations of running the online gaming business taken care by the turnkey service provide, all that gaming portal operators need to do is to market their business. With a few hundred active players it is possible to generate decent revenue and make a profit.
As a first step towards setting up an online poker or online casino business, a due diligence is required which will help to decide on whether an online poker, online casino or a sports betting portal would make business sense. The next steps can be in the following sequence
a) Firming up the investment plans
b) Getting connected with the turnkey gaming resource provider
c) Deciding on the base location. This is critical because in many countries which include the US, online gaming is not within the laws. However in some countries like Argentina the Government encourages royal online gaming.
d) While the service provider goes on with the back-office set-up, firming up the marketing and promotional strategies will help to get a head-start once the portal is ready to Go-Live.
e) Launching the Portal
f) Counting the Dollars.
Well the last step is very much a part of the sequence of events when a gaming portal becomes popular. With investments coming down and a reduced ‘time to launch’ online casino and sports betting is becoming a preferred investment destination of web entrepreneurs. Larger players in the gaming industry have already made millions of dollars from this industry. It is time for others to grab a pie of this market. Turnkey gaming service providers have provided the missing link between smaller web entrepreneurs and their desire to take a plunge into the online gaming industry.