Online Casinos - Worth buying?

Hello Everyone!

I've always wanted a website that would generate passive income. The more the better obviously but I was never fixated on the idea that it had to be a large source of income.

As of recently, I've been thinking about buying a semi established website and I've been looking at a few different options.

For some reason, Online Casinos really catch my attention but unfortunately I know very little about them.

Any thoughts or info is appreciated!

Thanks,
Myzteriuz

 

To do it well would cost a lot of money in marketing etc. Also the legal implications get higher and higher the more revenue you generate. Best of luck.

 

To be honest, from what I've seen it costs an absolute fortune to even attempt to run these site let alone get all the requirements/build and advertise..

What was your budget, just out of curiosity ?

 

Unless you have a niche and a following, i'd forget about it.
You'll need $ millions of seed capital to achieve anything close to passive income.

 

Well for online casino its definitely going to take alot of money and resources, because after established you will still need to maintain and payout but goodluck

 

I am very interested in this also did you end up buying it yet? If not I would be interested in working with a fellow og sythe member.

I would have to respectfully disagree with the above message marketing is the least of your concerns with the right person with a track record. I would assume it would be infrastructure and security that would be the initial cash drain. It’s not like you can go on wix and make something to compete with the establishment currently.
Anybody lurking that can shed some light on this?

 

Marketing and ads is everything with online casinos, thought this was common sense?

 

Not saying it does not have a role maybe I phrased that incorrectly but there are ways to bootstrap the advertising, personally for me selling the service is not an issue I am wondering about how could we secure it and implement new novel ideas to lower customer acquisition costs?

 

There are a few different gambling crypto plays on L2 Arbitrum for example $LOTTO & $WINR.

 

I hope you have deep pockets to invest in marketing services. Theres dediciated companies who specialise in this for a reason

 

I am looking to start one soon if I can find a partner then marketing and money is not an issue

 

Nah, best thing to do is to become an affiliate. You get very high revenue share percentages and you don't need a company, licenses or anything else that is a headache. That is a passive income, with an actual casino you don't have a passive income and have to work real hard to find such affiliates and have to pay them a huge chunk of your revenue. Plus, by becoming an affiliate you can advertise multiple brands and target different countries.


Some good affiliate networks

• http://matchingvisions.com/?ref=1171 - Mainly casino brands, no off shore/US deals.
  
• https://vip-grinders.com/member/referral.php?refid=61429 - Good for all verticals (poker, casino, sports), offer a ton of value for poker like free rake races/leaderboards/freerolls).

Individual programs

• https://record.commissionkings.ag/_VGCMSptTwPgDVkvPM80nyWNd7ZgqdRLk/1/ - Multiple brands, different verticals, many countries accepted.
• https://record.revmasters.com/_cvKXN19j5PQWqcfzuvZcQGNd7ZgqdRLk/1/ - Have one sports betting/casino brand that accepts a ton of countries including the US.
• https://record.webpartners.co/_Tg8KjzpdI536PBA04iUMN2Nd7ZgqdRLk/1/ - Have a ton of sports betting and casino brands that accept many countries including the US.
• https://bs3.direct/b7b891966 - A very popular casino brand that accepts many countries such as Canada, EU countries but not the US.

Any questions - let me know. I personally made a ton of money through this.