Crypto casino start up in UAE
- Thread starter kislokan
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You wanna speed run your trip to jail or smth ? the last place you wanna start a gambling business in is the middle east.
If I were you, I would look at Curacao where most casinos have situated themselves. I don't know the current status, but I know there are thousands of them located there!
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I know of someone building one... looks pretty good.
I understand they are raising capital.
https://digitex.games/@DigitexGames (telegram)
@adamtodd (telegram -owner)
Maybe they can advise as they are in the space.
Speaking of a WhiteLabel Solution you need approx 200K and reserves for the bank / PSPs.
Crypto might be a little bit easier for the start since onboarding PSPs will take excessive KYC and some time.
It's also worth noting that you need way more funds for liquidity since at least CC and other PSPs tend to only payout 2 times a month especially in the beginning and you need to keep certain amounts of money as form of reserve.
If you want to go for your own license or Turnkey Option and want to be more "flexible" you will need more funds to start.
As mentioned before Curacao is one of the most common licenses for an online casino.
TBH working as an affiliate of an online casino is much more favourable for most people from my POV if you're good at marketing and can attract new players, obv much less risky financially as well. You don't have the hassle you need to face as an actual casino owner.
They are soon to be having casinos in Dubai
Hi my plan is to just deal with cryptos and accept visa/mastercard down the line. Affiliate marketing doesn't really interest me as I have the means to start my own. Thanks
I guess starting off with crypto only will save you a lot of time, hassle and obviously cost.
Even after a year I can tell you CC payments are still a pain in the a*s. With crypto payments you will have less hassles and also lower fees.
I can only recommend you to create a proper business plan and make sure you have enough liquidity for your project, a lot of people truely underestimate the running cost of this kind of a business. The "license costs" are the least to worry about.
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