Hi guys I wanted to ask some of big family members who have experience in crypto and also in gambling. But my experience is not good in gambling.
If someone wants to start a Gambling casino online with Cryptocurrency than how much money is needed. I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?
Creating and operating your own cryptocurrency casino can be very expensive. Apart from the capital you have to set-aside for your games, you have to purchase licensing agreements with the government of your country in order to operate legally. In addition to that, you have to purchase your own domain, hire a set of employees for your operations, create your own website (or hire a person to do so), and advertisements for promotions and exposure.
Personally, this kind of space is relatively crowded as there are tons of cryptocurrency gambling websites available on the market. You also have to be different from each website in order to attract users with your own unique style and promotions.
If we talk about starting a business, especially if it is a gambling business, we will talk about a large amount of money that we cannot imagine. We can only talk about the estimated money we can prepare to start a business, but that number can be greater than we are talking about. The most important thing about the casino is the license factor, which might be expensive because the license will make people who believe that our business is valid and trustworthy. If he wants to start a gambling business, he must be able to find a different uniqueness from other casino sites because that makes gamblers curious and want to try to play gambling at our casino.