Online Gaming Industry

The online gaming industry hosts a feast of fun for big, small time and casual gamblers. No longer do we have to step out of the comfort of our home to the local casino. Every person on earth has the opportunity to play their favourite games at home without the stress-ors they may face when heading out such as traffic, drunkards and loads of walking. Although the online gaming industry has been picked at and attacked by do-gooders and also governments it serves a brilliant purpose in our world. As with everything the online gaming industry has some good and bad points to it. Overall the good by FAR outweighs the bad.

The biggest online industry concerns with people world wide are the threat of people being ripped off and also online cheating. It would be a stupid thing to say that this does not occur in the industry. Anyone making that statement would be contradictory to facts such as previous online gaming room scandals and proof of player collusions. Although cheating and scandals do occurs in the industry they are few and far between. The systems used by online gaming companies to track suspicious behaviour are so advanced that they are almost impossible to break through. This is known to me due to my research into online gaming security. In stating this fact and seeing very few new stories on the subject, we can know that cheating and scandals are of a minimum and that when it does occur people get caught. When we compare virtual casinos to the physical casinos of the world we can say for certain that cheating and colluding in games happen in both. There is not much difference. People will always chip dump, give signs and card count. People will always try and steal what they can. Thankfully these days this is hard to get away with compared to the earlier years.

Gambling addiction is a topic that is brought up in many a household and seen worldwide with new associations such as G.A. (Gamblers Anonymous). Many people believe that the online gaming industry is a focal point of blame for some of the populations gambling problems and addictions. This is a completely ridiculous thing to say. If a person is a gambling addict, if they can not help but gamble – they will go wherever they can to do it. Many persons suffering gambling addictions go to such extreme measure to gamble they put even their own children’s lives at risk. There have been many children found in casino car parks. The children have been left in their parents cars and are found screaming for their life as they wake from sleep to this terrifying act of cruelty which is fuelled by their parents addiction. Lets imagine that the addicted parent plays in their own home via the service provided by the online gaming industry. Immediately this places the addict with family. Their addictions can be watched more closely and most importantly they put nothing at risk of harm (alike their children) other then finances which would happen regardless of their online gaming casino. The online gaming industry for the addict removes a lot of issues from their lives and in many ways CAN help them over come their addictions with the close eye of loved ones by their side.

Some people are professional gamblers. Their day to day job is to gamble and win money. Thankfully for these people the online gaming industry has provided them with another means to make their income. A smart gambler who gambles for a living spends time online more so then at casinos these days. It gives them more time to do their job by picking up their notebook then transiting all around their country of origin.

With certain tax systems in place in many countries the governments also benefit from the online gaming industry, they benefit in a big way actually. The money made from online gaming industry taxes goes towards health care systems and government agencies to make the world a better place to live. Again, without the online gaming industry players of all kinds would flock more then ever to underground casinos and illegal gambling holes where no one would gain benefit.

The online gaming industry serves many a purpose to the people of the world. It provides fun and entertainment, is secure and monitored and can reduce the risk of damage to the lively hoods of many a person. It is a largely growing industry and this is expected with all of the benefits that arise from it. One can only hope that the do-gooders of the world look at both sides of the online gaming industry equation and stop and think clearly about what it provides to society.

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How to Set Up Your Online Gaming Business

Web entrepreneurs are quite often excited about starting their next new ventures. They look for opportunities which would be quick to launch and break-even. One such option is an online gaming website. Though gaming websites have been in existence for more than twenty years or even more, launching a gaming website in the new Internet era has become much simpler. Let us see how.

Turnkey casino service providers can help to set-up an online gaming business for gaming operators. They offer services which include acquiring a Gaming license, hosting the gaming server, ensuring redundant operation, Firewalls, Deposit processors and even helping operators to set-up their office. The list does not end here but we have highlighted some of the important ones. There are different licensing models which are offered by the service providers. While we are not going to elaborate much on the various models but the White Label model is a great way to start an online gaming business. The investment required for setting up an online gaming business is much less than what it used to be years earlier. Thanks to technology the cost of setting up a white label gambling business can be as less as $10, 000. With so many opportunities it is just natural that many web entrepreneurs are jumping to the gaming bandwagon and tasting success very fast. With the entire back-end operations of running the online gaming business taken care by the turnkey service provide, all that gaming portal operators need to do is to market their business. With a few hundred active players it is possible to generate decent revenue and make a profit.

As a first step towards setting up an online poker or online casino business, a due diligence is required which will help to decide on whether an online poker, online casino or a sports betting portal would make business sense. The next steps can be in the following sequence

a) Firming up the investment plans
b) Getting connected with the turnkey gaming resource provider
c) Deciding on the base location. This is critical because in many countries which include the US, online gaming is not within the laws. However in some countries like Argentina the Government encourages online gaming.
d) While the service provider goes on with the back-office set-up, firming up the marketing and promotional strategies will help to get a head-start once the portal is ready to Go-Live.
e) Launching the Portal
f) Counting the Dollars.

Well the last step is very much a part of the sequence of events when a gaming portal becomes popular. With investments coming down and a reduced ‘time to launch’ online casino and sports betting is becoming a preferred investment destination of web entrepreneurs. Larger players in the gaming industry have already made millions of dollars from this industry. It is time for others to grab a pie of this market. Turnkey gaming service providers have provided the missing link between smaller web entrepreneurs and their desire to take a plunge into the online gaming industry.

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