ADVICE SOMEONE READY TO ESTABLISH A GAMBLING PLATFORM BUSINESS
The intention for creating this thread is to hear about our general opinion, suggestions or best advise we could give to someone who is ready to establish a gambling platform as a business, if we are in the same position, what will be our response toward these few questions.
1. What are the first things to put in place before starting?
2. What are the strength and weakness to consider with gambling platform?
3. Can you hire a person to be in charge, for the business management of the gambling platform?
4. Is it a profitable business base on your own experience or from what you have seen others achieved from establishing one?
Having set my own business, I can pitch in a few things for you.
1. The first things you should put in place is capital, more importantly in your case, since you're a casino. There will always be winners, regardless of your house edge, so whatever capital you have in mind, double or triple it just to be sure.
2. The biggest strength that a casino has over a regular business is the inflow of customers. One thing is for sure in this venture, people will always be looking to either unwind, or to lose their money, and unlike restaurants, or whatever other business there is, the competition isn't as tight as you think it is, just set your site at a good location if you're shooting for a brick-and-mortar casino, or just launch it online with a license and marketing to boot, and you're good to go.
3. I'd highly suggest hiring someone capable to take most of the heavy lifting off your hands, you can't handle everything by yourself and not trusting anyone to do your business is just as deadly as being so gullible. Keep it at a sweet balance and you should be good.
4. Haven't been in the casino business yet, but from the looks of it, it's a thriving industry that you can try to penetrate.