Setting Up An Online Casino

Setting Up An Online Casino Average ratng: 7,3/10 5992 reviews

May 01, 2020 Setting up Online Casino Games Posted on May 1, 2020 May 1, 2020 by Site Master With online gaming has become popular round the world and has also become a part of the majority of people’s lives in one way or the other.

It is common for most casino goers to bring their friends or family members with them to the casino, as having fun playing casino games with your loved ones truly feels much more exciting and enjoyable than going to the casino alone. However, due to the unfortunate circumstances that started in 2020, most land-based casinos are either closed or limiting the number of people allowed inside the property. So, inviting your loved ones to go to a casino is almost impossible.
Luckily, you can set up an online casino party that allows you to play card games and table games even if you and all your casino buddies are at home. However, setting up this kind of party is not as easy as simply inviting them to go to your preferred online casino, as there are steps that you need to take in order for the party-goers to have a great experience playing the most popular table game or card game. To help you host this virtual party, here are some tips for setting up an online casino party.

Prepare a Schedule

Of course, it is always good to prepare a schedule for your casino party so that all the people you will invite will be available on the same day. Ask your friends or loved ones when they are available, and if they are all free during a specific day of the month, you can set up the party on that day. Be sure to also schedule what time the casino party will start so that your casino buddies will have time to prepare.

Pick Your Preferred Online Casino

Online

Setting Up An Online Casino App

To have a convenient and hassle-free experience while playing online card games and table games with your buddies, you should pick the best online casino out of the thousands that are available on the web. It would be great if you already have a preferred online casino, as you are sure that the website is safe and trusted, but if you don’t have a chosen casino yet, you can read reviews online that will tell you which online casinos are the best.

  1. The Benefits of a White Label Sportsbook. One of the biggest benefits of operating a White Label Sportsbook is flexibility. Whether your goal is to run a full-service online gaming site complete with a racebook for horse betting along with an online casino.
  2. This can be surprisingly expensive to set up and run depending on your license. For example Gibraltar has quite low taxes for gambling companies but on the other hand suffers from expensive IT solutions. When it comes to online casinos 24/7 up time is a requirement, as is security, reliability and of course speed.

How To Run A Casino

Choose a Live Casino Game

A live casino game, which is the type of online casino game that has a live casino dealer or croupier managing the poker or blackjack table, will make you and your casino buddies feel like you are in a land-based casino because of the overall vibes and atmosphere of the game. So, if you want a close-to-authentic experience, you can set up a live casino game with your friends or family members. Make sure that you also set up a Zoom meeting with your buddies so that you will see their funny or sad reactions to winning or losing.

Deliver Food to Your Invitees

To ensure that every person invited would feel like the event is truly a party when technically it is not, you can deliver the same food to your invitees by using a food delivery service app like DoorDash or GrubHub. You can get your friends pizza or any food item that is usually served at parties.

Have Breaks

Playing casino card games and table games all night can be quite exhausting, so we recommend that you plan breaks in the middle of the party so that you and your loved ones can stop playing and just relax without worrying about losing money on casino games. You can talk to each other about random topics through the Zoom meeting, or you can get someone to play instruments or sing as a form of interlude for the party.
With these tips, we hope that we helped you have an easier time setting up a fun online casino party. As we have said at the beginning, setting up a virtual casino party can be difficult, but executing it successfully will truly feel worth it, as you surely bring happiness not only to you but also to your invitees during these recent years that are full of sadness and gloominess.

Regulation and Legislation

The Isle of Man Government fully supports the growth of the online gambling sector on the Isle of Man and there is a team within the department of Trade and Industry (DTI) who are responsible for providing hands-on support to companies and individuals wanting to conduct online gambling business.

Not all gaming business activities require a license in the Isle of Man. Activities such as marketing, software, and skill games for example can be hosted or carried out without any need for an OGRA license. Indeed, companies can be registered and have head office facilities in the Isle of Man while licensing elsewhere.

The Gambling Supervision Commission (GSC) is the body responsible for regulating those gaming operators who require a license in the Isle of Man. The online Gambling Regulation Act in 2001 is the primary legislation and can be found with all the secondary legislation at www.gov.im/gambling along with useful guidance notes on making an application.

It is advisable in any case to contact the DTI or GSC for further guidance on whether or not your business needs a license and how to complete the licensing process.

Setting Up An Online Casino

In the Isle of Man one license covers all activity from sportsbook, poker, casino, bingo, lotteries to running network gaming. The exception is where a sub-license can be issued for those operations that are exclusively tied to an Isle of Man based network.

Licensing Procedures

Basic Requirements
Basic requirements for securing an online gambling license on the Isle of Man are as follows:

  • The business is carried out by an Isle of Man incorporated company;
  • The servers, where the bets are struck are hosted in the Isle of Man;
  • Banking of both operational and player funds in carried in the Isle of Man;
  • The business has a minimum of two company directors resident in the Isle of Man.

In most cases a local solicitor or a corporate service provider can facilitate the bank account, company formation and appropriate resident director and there are four data-hosting centers all of which can be contacted through the DTI.

Required Fees and Taxation
There is an initial non-refundable application fee of £1,000 for an OGRA license. Application forms can be found at www.gov.im/gambling/applicationforms.

Once the license is granted the license fee is payable to the Isle of Man Government. This is a £35,000 per annum for a full license or £5,000 per annum for a sub-license.

Own A Casino

Gaming tax is payable by licensed online gambling business operator on gross gaming profit at the following rates:

  • For gross gaming yield not exceeding £20 million per annum the rate is 1.5%.
  • For gross gaming yield of more than £20 million per annum but not exceeding £40 million per annum the rate is 0.5%.
  • For gross gaming yield of more than £40 million per annum the rate is 0.1%.

These rates apply equally to all operators and in respect of all bets, wagers, etc. wherever the player is located.

Time Scales of License Obtaining
A fill and complete application will usually be put before the GSC for consideration within 10 weeks of submission. Representatives of the company will be required to present the application in person. Following the hearing the GSC will advise the outcome in a written response.

Setting Up An Online Gambling

License Application Preparation
Although a business can prepare a license application itself, it is often easier and quicker to employ the services of an experienced local solicitor or Corporate Service Provider (CSP). The DTI can provide a full list of professionals experienced in preparing igaming license applications and working with the gambling industry. In either case, it is useful to refer to the Guidance notes available on www.gov.im/gambling and make contact with the DTI who can assist you with establishing in the Isle of Man.