Unless you have been living under a rock for the past decade or so, you will know all about the explosion in online gambling in the UK. And, on the face of things, it looks like a fantastic industry to be part of, with no end to its growth.
But let’s face the facts – on the surface, the gambling industry seems like an impossible dream for most. After all, some heavyweight players are sucking up the vast majority of the annual gaming spend in the UK. Competition is fierce, and you might not feel like it is a sensible option or environment for a startup to become a success.
However, while all this is true, it has never been easier for people to enter the gambling industry. And with a lot of hard work and less luck than you need to win at the casino table, it is possible to achieve success. Before you get started on the road to making millions, though, make sure you understand what is needed. Read on to find out more in our fact file on starting an online gambling business – and winning.
You need a license
First up, you will need to look into getting your gambling licenses. Head over to the UK Gambling Commission site, and you will find you need an operating license and a personal management license. There are also other types of license that are more specialist. So, you will have licenses for gambling, the different casino games, or bingo, for example. It’s worth applying for your licenses long before starting any web development or spending any money.
You should have a lawyer
The gambling industry is a legal minefield, and there are too many points to consider in a simple blog post. You could spend several years getting acquainted with the laws, of course. But by the time you finish, you will have wasted a lot of time – and no doubt there will be changes to the law anyway! You are far better off getting a gambling lawyer on board at an early stage.
You don’t need programming knowledge
The great news for anyone who doesn’t have web programming skills is that you don’t need them! There are dozens of out of the box packages that are simple to put together and even offer design and layouts. Look at services like Net Entertainment and Microgaming and see what you can come up with.
You will need inspiration
Unless you have a specific design and service in mind, it’s worth taking a look at the competition for inspiration. You might visit a successful online casino and see how it operates, from the bonuses it offers to the signup process. What are they doing right, and where can you improve things?
Security is critical
One thing you can bet is that your customers will demand tight security. You will be looking after their money, after all, and any occurrences of hacking could prove to be expensive. Get your security right, and it’s just a case of starting the marketing process for your online gambling site.
Good luck with the new venture – and let us know how you get on!