An Online Casino.

An Online Casino is a form of gambling  over the internet. A gambler can place wagers from his
home on various games using a computer and a modem connected to the internet. Internet casinos vary in what they contain, but most if not all have basic Las Vegas style games (Blackjack, Poker,Slots, Bingo,
Roulette), as well as sportsbooks, lotteries and other forms of gambling. A gambler uses his credit card for a cash advance, giving him virtual chips or "V-Chips." The gambler uses those chips as he would in any ordinary casino.On the screen is what you would see in almost any VirtualCasino Gaming Software that is sold
in computer software stores - Only this time, the gambler is wagering for realmoney.All this takes place using software and a main server that monitors all the gambling activity.

Thousands of people from all over the world can gamble at the same time at one online casino location.How does someone START an OnlineCasino operation?There are three ways to do this:1) Design and implement all SOFTWARE for an internet casino and E-commerce.Keep in mind this costs millions of US
Dollars. Also necessary is a gaming license to run a casino, which requires approvals from most governments. This too, does not come inexpensively.However, one has full control of the site, and full knowledge of the software source code. In addition, no royalties are paid out to a software development

company.2) Become a Licensee of an InternetGambling Software Provider. This is afar less expensive option and the client receives all the 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 USD $30,000 to USD $ 350,000 (some ask as high as USD $1 Million). The average
licensing fees are around USD $150,000(this usually includes marketing costs).In most cases a royalty is paid to thesoftware provider as a percentage of the monthly "take" or "drop" (gross
profit).

 Usually the software provider
has payment processing (merchant
account providers) already set up for a
turnkey operation. The Licensing
Section lists the software companies
that can provide this for you.

3) Become a Sublicensee of a Licensee.
This is the least expensive option.
Costs range from USD $ 0 to USD $
60,000. Being an affiliate is basically
the same thing as being a sublicensee
with no up front costs. The sublicensee
must do all the marketing and receives
a smaller percentage than a full
licensee (2), because royalties paid to
the licensee are much higher. The
Sublicensing Section lists Online
Casino Software Licensees that are
willing to provide this.