There are really two main options to owning a casino business. One is to purchase a casino business for sale such as an online casino. More and more people are gambling online. A start up of this business can run from less than $200 to over $5,000. It is all dependent on who you want to run it.
There are many franchises with a casino business plan already laid out for you. There are also pre-built poker and casino rooms that can start your online casino business. Either way you will be set up with a web site and given all the tools you will need to succeed. However, you will be responsible for all marketing of your web site. Some franchise's offer you proven guidelines to help you market, and others don’t. To market on the internet costs money, and the more money you put out the more hits on your web site.
This is truly a home business. You will make money 24 hours a day, seven days a week. Many online casino business opportunities make 75% to 85% of the monthly deposits of your customers. Your good marketing can make this a very lucrative business.
There is also another option, and that is to start a casino business opportunity that caters to employers, corporations, non-profit and civic clubs. It is a growing business that more people are using for fun and profit. You go to a location and create the atmosphere of a real casino. Many are willing to pay to have this outlet for their employees or as fund-raisers.
Before going out and purchasing cards, roulette wheels and tables, you should create a casino business plan. This will help you discover if you will need a license to operate the business, and what locations you cannot operate. But first call or log on to your local and state government web site, and ask about regulations and requirements for your casino business opportunity.
Once you have that information, go to your local Small Business Administration office or log on to their web site. You will find asample business plan and other forms you will need, mentors, financing information, and other options to help you get your casino business opportunity started.
While working on your casino business plan, start pricing your equipment, and looking for employees. You may be able to contact a local temporary employee service for employees when you are first starting, but you may just want to explain to the employee that they are paid per event. This is an important decision and needs to be decided early on in the venture.
Now that your casino business plan is ready, start looking for financing. You can contact private individuals, banks, and the Small Business Administration. Prepare a proposal explaining your casino business opportunity and business plan. You may be turned away and turned down. Be persistent, you will get financing.
Once you have the financing start advertising your business and purchase your equipment. Get your employees ready to start working. You can send out fliers to corporations explaining your service, and focus on the use of it during conferences to relax and entertain the employers.
Contact Hotels and events facilities to sell your casino business opportunity as well. Many times the facility is required to offer entertainment to conference attendees. This will work in your favor and help you get clients.
Also, let local non-profit organizations know about the opportunity to use your service as a fund-raiser. You can create an exquisite casino business opportunity that is fun and different to help them raise money for their charity or cause. Any of these options or all of them can keep your casino business opportunity busy.
Review your casino business plan annually and make changes as necessary. You also want to subscribe to newsletters and periodicals in the industry to keep abreast of the industry trends. Read books and visit web sites. Most of all, watch your competition.
Monday, October 27, 2008
Saturday, October 18, 2008
The Forging Of Casino Coins
Instead of the regular casino bonuses or comps, this man tried something different. His name is Louis B. Colavecchio, also known as "The Coin", 64 year old Colavecchio is a well known organized crime associate. He researched means and ways of producing similar counterfeits of various slot machine coins in various casinos. The tokens he and his gang created ranged from $5 all the way up to $100. Some of the casinos he victimized were Foxwoods and Mohegan Sun, both located in Connecticut. However he also forged coins at places such as the world famous Trump Marina Casino, the Trump Plaza Casino, Atlantic City Hilton, Taj Mahal Resort, Sands Casino and Caesar's Palace Casino. To forge the coins, Colavecchio took the coins from the aforementioned casinos and would then make rubber molds where the coins will be duplicated after certain chemical procedures took place. To complete this, he utilized the services of chemists who determined what the original coins were made of. He would then distribute the counterfeit tokens to other associates who would also earn from it. The downfall came when the casinos observed a surplus of coins from their slot mahcines, which then led to suspicion. The cases were reported to the FBI went and the agency on an operation to trap Colavecchio and his gang. The operation ended in a success which led to the capture of "The Coin" Colavecchio, after raiding his home. The 64 year old suspect faces various charges which include 10 counts of forgery, counterfeiting and of course, alteration of trademark. However, he was released after paying $25, 000 worth of surety bond. A Providence district court granted him temporary freedom after he appeared in court.
Thursday, October 9, 2008
Poker: Video Poker 101
The earliest video poker machines were in the market in the mid 1970's. It is basically a combination of a monitor that resembled that much of a television and a CPU or Central Processing Unit. In 1979, video poker came into the mainstream with the introduction of "Draw Poker". Video Poker became popular in the 1980's and up to now, different video poker machines are still being played in many casinos and gaming floors.
A game of video poker begins when a player inserts money or ticket into a video poker machine as a bet of one or more credits. After this, a "deal" button found in the machine should be pressed. This action draws the cards in the video poker machine. At this point, the player has an option to keep or exchange one or more cards for a new one from the deck of cards. After this, the video poker machine evaluates the hand. A pay schedule of winning hands is usually posted. If the hand matches one of those, then the video poker will offer a payout.
A pair of jacks is usually the minimum hand when a video poker machine starts the payout. The bases of payout allocations in pay schedules are the rareness of the hand and the overall speculated return offer of the game operator. Other players play more and bet more boldly for video poker machines that offer progressive jackpots for royal flush and other rare hands.
There are many kinds of video poker machines. Most of which that were created are variants of the original 5-card draw. These video poker games can be categorized into 2 kinds. These are the standard video poker and the multi-line video poker.
Standard video poker include Jacks or Better, Deuces Wild, 10's or Better, Aces & Faces, Joker Poker, Megajacks and 2 Ways Royal. These video poker games are usually characterized with the use of terms that have some adjective in the title such as "double", or "triple" or "bonus". Deuces Wild, which is the most popular among standard video poker machines, can be played where a two can substitute as a joker. In this video poker game a jackpot is paid as a natural royal or for four deuces.
Multi-play poker games, on the other hand, are video poker games where the player starts with a base hand of five cards. In this game, different set of cards with the base excluded from the set will be used to draw additional hands. Some of the multi-player video poker games offered include 4-Line Jacks or Better, 4-Line Deuces Wild, 4-Line Aces & Faces, 10-Line Jacks or Better and 25-Line Aces & Faces
The following are tips that can help you play and win in video poker games. - For players who want to play progressive video poker, it is best to look for jackpots over 250 dollars on a nickel machine, 2,500 dollars on a quarter machine and 10,000 dollars on a dollar machine.- you should play on a video poker machines that pay 6 coins for a flush and 9 coins for a full house - Jacks should be reserved when playing video poker and you should remember that it is more valuable than the Ace.- A strategy to get royal flush bonuses when playing video poker on progressive machines is to bet the maximum amount of coins.- And lastly, like in all poker games, take your time. Study the hand dealt by the video poker machine before you act.
A game of video poker begins when a player inserts money or ticket into a video poker machine as a bet of one or more credits. After this, a "deal" button found in the machine should be pressed. This action draws the cards in the video poker machine. At this point, the player has an option to keep or exchange one or more cards for a new one from the deck of cards. After this, the video poker machine evaluates the hand. A pay schedule of winning hands is usually posted. If the hand matches one of those, then the video poker will offer a payout.
A pair of jacks is usually the minimum hand when a video poker machine starts the payout. The bases of payout allocations in pay schedules are the rareness of the hand and the overall speculated return offer of the game operator. Other players play more and bet more boldly for video poker machines that offer progressive jackpots for royal flush and other rare hands.
There are many kinds of video poker machines. Most of which that were created are variants of the original 5-card draw. These video poker games can be categorized into 2 kinds. These are the standard video poker and the multi-line video poker.
Standard video poker include Jacks or Better, Deuces Wild, 10's or Better, Aces & Faces, Joker Poker, Megajacks and 2 Ways Royal. These video poker games are usually characterized with the use of terms that have some adjective in the title such as "double", or "triple" or "bonus". Deuces Wild, which is the most popular among standard video poker machines, can be played where a two can substitute as a joker. In this video poker game a jackpot is paid as a natural royal or for four deuces.
Multi-play poker games, on the other hand, are video poker games where the player starts with a base hand of five cards. In this game, different set of cards with the base excluded from the set will be used to draw additional hands. Some of the multi-player video poker games offered include 4-Line Jacks or Better, 4-Line Deuces Wild, 4-Line Aces & Faces, 10-Line Jacks or Better and 25-Line Aces & Faces
The following are tips that can help you play and win in video poker games. - For players who want to play progressive video poker, it is best to look for jackpots over 250 dollars on a nickel machine, 2,500 dollars on a quarter machine and 10,000 dollars on a dollar machine.- you should play on a video poker machines that pay 6 coins for a flush and 9 coins for a full house - Jacks should be reserved when playing video poker and you should remember that it is more valuable than the Ace.- A strategy to get royal flush bonuses when playing video poker on progressive machines is to bet the maximum amount of coins.- And lastly, like in all poker games, take your time. Study the hand dealt by the video poker machine before you act.
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