How To Start Your Own Online Casino and Poker Gaming Business

Did you know that online gambling business is currently one of the fastest growing business categories in the world? The popularity of online gaming is increasing rapidly and this year has seen significant growth in Europe and Asia. In China and Malaysia, there are twice as many online gamers as there are Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report that they shop online.

Revenues in online gaming business rose from only $800 million to over $2 billion in 1999! By year 2010, it is estimated that online gambling industry will top over $16 billion in revenues! London-based Merrill Lynch analyst Andrew Burnett says online gambling could generate more than $150 billion in revenues by 2015.

Until recently small entrepreneurs had no chance of getting into the gambling industry, because of huge capital investments, gaming license acquisitions and legal red tape. The internet eliminated all the obstacles. You can now own and promote your own online casino, sportsbook and multiplayer poker room gaming business and generate revenues you’ve only dreamt about.

There are 3 ways to start an online gaming business:

1) Most Expensive – Design and implement all gambling software for an online casino, sportsbook and multiplayer poker room which could cost you millions of US Dollars. You will also need to obtain a gaming license to run your online gaming business, which requires approval from most governments. However, you will have full control of your gambling site, and full knowledge of the source code of your gambling software. In addition, no royalties are paid out to a gambling software development company.

2) Average – Become a Licensee of an Online Gambling Software Provider. This is a far less expensive option to start an online gambling business and you will receive all the gambling software and sometimes even the equipment necessary. It is also the most popular option for both licensed land-based establishments as well as entrepreneurs. Costs range from $30,000 to $350,000. The average licensing fees are around $150,000 (this usually includes marketing costs). In most cases a royalty is paid to the gambling software provider as a percentage of the monthly “take” or “drop” (gross profit). Usually the gambling software provider has payment processing (merchant account providers) already set up for a fully turnkey operation.

3) Most Affordable – Become a Sublicensee of an existing Licensee. This is the least expensive option to start an online gambling business. Costs range from $5,000 to $60,000. The sublicensee is responsible for all the marketing and receives a smaller percentage than a full licensee (2), because royalties paid to the licensee are much higher.

To legally operate online gambling businesses, online casino and poker room owners turn to sovereign governments in countries that permit online gambling and duly issue licenses for gambling operations. The casinos and poker rooms are registered as offshore gambling operations and in turn, the respective countries gain significant licensing fees and tax-generated revenues.

As Internet use spreads across the globe, online gambling business will continue to be one of most profitable online business opportunities of the 21st century.

Bingo Equipment Can Help You Maintain Call Speed Consistency

Bingo supplies can be quirky business. While visiting a customer’s bingo the other day, I noticed that the bingo caller was calling bingo on his own without the benefit of a timer. While this caller was experienced, and had a good feel for the bingo players, he was still varying his pace enough to be a problem.

Without a timer, this bingo caller would sometimes lose track and start to call too slowly. To which, bingo players would soon grumble, “Speed Up!”. Sometimes this bingo caller would accelerate the pace, causing bingo daubers in players’ hands to speed up in a flurry to get their numbers daubed.

Bingo players don’t like inconsistency. Variable calling speeds are going to annoy them at the least, or really upset them if they miss a bingo. Despite this bingo caller being solid in most respects, he was hurting his bingo with his lack of consistency. He needed to use a timer to regulate his call speed. Believe it or not, little things like this can cause a bingo to lose bingo players.

So, where does a bingo caller find a timer? Most bingo machines come equipped with timing devices which will set a steady pace for callers. If this is unavailable, a simple and inexpensive metronome will do the trick. Even a watch or a seconds hand on a clock is better than your bingo caller simply winging it on his own.

In my customer’s case, when we asked the bingo caller why he didn’t use the timer on his bingo equipment , he said he thought it was broken. Funny thing is the timer wasn’t broken. The bingo caller just didn’t know how to use it, and was too afraid to try. Once he was shown how it worked and how easy it was, he began calling the bingo numbers at a consistent pace. The bingo players were much happier with him as a result.

Big Charms Comes With Big, Charming Bonuses in Diablo 2 – Your Guide to Gheeds

Gheed is the obsequious traveling merchant who takes shelter behind the safe walls of the Rogue Encampment in Act 1. He sells armors and weapons and also offers your characters the chance to Gamble for better equipment.

In honor of Gheed, we have Gheed’s Fortune, a unique Large Charm much desired by Diablo 2 players.

As a unique Large Charm, you may only carry one in your backpack at any one time.

The Stats

Required Level: 62

80-160% Extra Gold From Monsters

Reduces All Vendor Prices 10-15%

20-40% Better Chance of Getting Magic Items

80-160% Extra Gold From Monsters

Gold is used primarily to maintain your weapons and armor, and also for Gambling. Some weapons and armor require an exorbitant amount of gold to repair at the blacksmith, and this is where this nice mod comes into play. With a Gheed’s fortune in your inventory, you will find less difficult to maintain enough gold for fixing your equipment, and for those who are Gambling addicts, this mod is a godsend.

Reduces All Vendor Prices 10-15%

This mod is very attractive to those players who like to spend their gold on Gambling for better equipment.

Players can gamble for better equipment by visiting the merchant in the headquarters for a particular Act. In Act 1, this would be Gheed.

What then happens is that when you select the Gambling option, you will have the opportunity to buy a few choices of items from the merchant. Once you have done so, it goes into your inventory and is immediately identified. There is chance that the item you have bought is a normal Magical item (89.85%), a Rare Item (10%), a Set item (0.10%) or a Unique item (0.05%).

Gheed’s fortune is attractive to players who like to gamble because not only do you get more gold from killing (as explained above), but the items available on the Gambling window are cheaper as well, meaning that you get more bang for your buck!

20-40% Better Chance of Getting Magic Items

Diablo 2 is all about getting the best items for your character. With the right items, your character becomes tougher to kill, is able to deal more damage, and just generally becomes more of a bad-ass.

An MF  (Magic Find) Run in a Diablo 2 game is where players equip their characters with items that offers the mod %Better chance of Getting Magic Items, where a higher % is better in terms of increasing the chances of getting better item drops from unique monsters, but while still being able to dish out decent damage.

Gheed’s Fortune is a fantastic addition when you eventually decide to do your MF Run, especially if you get a near perfect or perfect Gheed (where near perfect would be around 35-40% MF).

Summary:

Gheed’s Fortune is a unique charm highly valued by players who enjoy Gambling (almost all players) and players who enjoy getting better gear by doing MF Runs (all players). The only bad thing that could be said about Gheed’s Fortune is the fact that your character hasn’t found it yet!

Slot Machines – Where We Were, Where We Are, and Where We're Going

Where We Were

Charles Fey invented the slot machine in the 1890's. He probably never envisioned that his creation called the "Liberty Bell" would evolve into the most popular form of casino gambling today.

The slot evolution however had a lot of growing pains as many in the United States viewed gambling as a social ill. By 1910 all legal gambling activity was shut down, which left horse racing as the only legal entity in America.

During the 1920's prohibition era, the public's thirst for gambling matched that of booze. Slot machines along with alcohol were found in "Speak Easy's" throughout America, many of them controlled by Organized Crime. After prohibition ended underground casinos remained active.

States began to crack down on illegal casinos and began to seize and destroy gambling equipment, including slot machines. Mayor LaGuardia of New York City called them "mechanical pick pockets", destroyed them with a sledge hammer, and dumped them into Long Island Sound. (You can watch the action on YouTube.)

In 1931 Nevada legalized gambling. Slot machines populated the floor in the states' casinos but were there only to amuse the wives and mistresses playing their pennies and nickles while the men did all the heavy gambling at the tables. (A portrayal of this is depicted in the 1952 movie, "The Las Vegas Story" with Vincent Price, Victor Mature, and Jane Russel.) Slots remained a "ladies" game until Atlantic City legalized gambling in 1978.

Bally Manufacturing invented a unit powered by electricity and slots began to "light up" and produce various sound effects. When multi-coin acceptors were introduced, new dollar machines meant larger jackpots for customers. When the Random Number Generator was invented top prize amounts could be increased on four and five reel versions. A spin button became an alternative to the handle.

The Indian Gaming Act was approved in the 1980's which allowed casinos on reservation land and newly legislated dockside riverboat gambling attracted new slot players while racetracks added the one arm bandits ..

IGT launched Megabucks in 1986 and slots were now linked across Nevada by phone lines offering a giant lottery size jackpot that grew with each coin wagered. The Progressive Jackpot was born and players could now become millionaires. Players began abandoning the table games, flocked to the machines and casinos took notice.

Where We Are

The proliferation of slots paved the way for new inventions. A video slot with 25 lines, up to a bet of 10 credits per line allowed for a ticket in, ticket out, (TITO) system. The coins and the handles followed the dinosaurs .. Operators could now lower the denominations to as little as a penny and still turn a profit.

In the new century slot makers were quick to promote the themed slot, units based on popular movies, TV shows and entertainers. Players could now spin the Wheel of Fortune, giggle at Curley, Larry, and Moe, take a ride with Captain Kirk, or croon over Ol 'Blue eyes. All the games have video clips from favorite shows.

The themed slots have evolved to 5 video reels with up to 40 lines. Chairs have comfortable high backs, and some even vibrate when certain bonus features are hit. Touch screens have the latest LCD technology, 3D graphics and Bose sound systems as they continue to evolve. Depending on the game theme, players can wager as little as one penny (credit) per line up to $ 2, $ 3, and $ 4 maximums. Bonus features offer generous payouts while progressive jackpots climb to six and seven figures.

Newer games saw the introduction of CSI, Sex and the City, Iron man, Michael Jackson, David Copperfield, The Walking Dead, Back to the Future, Jurassic Park, Wonder Woman, Ellen, Let's Make a Deal, the Godfather, Monopoly, and The list goes on and on.

Where We're Going

The themed slot will no doubt continue to grow. However there's a huge segment of casino patrons looking for something different. They are the Millennials. Born in the early 1980's to the late 1990's who grew up playing video games. Casinos took notice that this generation did care to sit in front of a machine that did all the work for them in order to win. They want to be involved to make it happen. This led to the introduction of G ames of Skill at the 2016 Global Gaming Expo in Las Vegas.

Two companies, GameCo and Gamblit Gaming introduced their wares at the expo and by all accounts, things look very promising. Other companies, Konami and Scientific Games are creating their own versions to attract the Gen Y's. Other companies will soon follow.

Some of the games are based on poker where a limited number of players use their skill to grab the cards they need. In another game players have to collect rare treasures in Pharaoh's Secret Temple before time is up.

It's too early to tell if the skill element will be successful, but some games are already up and running in Vegas and Atlantic City. Only time will tell.

The American Gaming Association reported that there are 832,988 slot machines in 1,151 casinos across 44 states, with more on the way. This begs the question: with more than 50 million visitors to casinos annually, will the slot craze continue?

You can bet on it!