For several entrepreneurs who have dreams of owing a casino, an online casino could be the answer. It is relatively much easier to obtain a license for an online casino, of course, it is important to choose your jurisdiction wisely. There are several jurisdictions like Belize, Canada, Costa Rica, Curacao, Gibraltar, and Panama that have favorable conditions for setting up an online casino. You can find a list of companies that could help you with jurisdiction and legal issues here.
The online casino industry is vaguely estimated at generating revenues of $20-$50 billion per year.
It is not very cheap setting-up an online casino, though. The start-up costs of setting up an online casino can go upwards of $1million. Unless you have this kind of money, you should not consider setting up an online casino.
There are several software providers offering turn-key solutions, and finding a software partner is not difficult.
The advantage with an online casino is that popular online games like roulette, black jack, online poker, and several other games like Flying Games, Sword Fighting Games, War Games, Urban Sports Games, Car Games, Arcade Games, Stunt Games, Survival Games, etc can be played on laptops, PCs or even an iphone with an iPhone casino online application.
The online casino business provides an opportunity that did not exist before. It is a high growth industry and regulation will play an important role in the growth of this industry. To access white papers regarding this industry, click here.