Crypto casino start up in UAE

[kislokan]

Does anyone have experience or a deep understanding of crypto casinos such as best software to use and how much capital is required ?

 

[Konstanz]

Online gambling is illegal in UAE

 

[berseker]

Does anyone have experience or a deep understanding of crypto casinos such as best software to use and how much capital is required ?

You wanna speed run your trip to jail or smth ? the last place you wanna start a gambling business in is the middle east.

 

[JohnLocke]

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!

 

[kislokan]

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!

Thank you I will look into this. I am just in the research stage atm!

 

[celizo]

Rules are going to change massively for Curaçao gambling operators in 2024...

 

[kislokan]

Rules are going to change massively for Curaçao gambling operators in 2024...

Elaborate?

 

[wellington]

Does anyone have experience or a deep understanding of crypto casinos such as best software to use and how much capital is required ?

I know of someone building one... looks pretty good.

I understand they are raising capital.

Digitex · Decentralized casino & blockchain

digitex.games

@DigitexGames (telegram)
@adamtodd (telegram -owner)

Maybe they can advise as they are in the space.

 

[kislokan]

I know of someone building one... looks pretty good.

I understand they are raising capital.

Digitex · Decentralized casino & blockchain

digitex.games

@DigitexGames (telegram)
@adamtodd (telegram -owner)

Maybe they can advise as they are in the space.

Appreciated. I will reach out to them.

 

[celizo]

Elaborate?

Just google "curacao new gambling law" and you will find all details

 

[apres777]

Does anyone have experience or a deep understanding of crypto casinos such as best software to use and how much capital is required ?

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.

 

[kislokan]

There was an article about Dubai thinking on issuing gambling licenses, but this is still on planning mode, wouldnt wait for it any time soon. However I do have a good provider for gaming software if you need one.

They are soon to be having casinos in Dubai

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.

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

 

[apres777]

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.

 

[Konstanz]

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.

what are the regular costs to run it?

 

[kislokan]

There was an article about Dubai thinking on issuing gambling licenses, but this is still on planning mode, wouldnt wait for it any time soon. However I do have a good provider for gaming software if you need one.

sent you a dm.