In case you wish to start your own business which will bring you big sums of money in short terms, a casino will become the perfect option for you.
They have been the favorite place of entertainment for long as well as a way to get money fast for people from various strata of society.
The casino’s history is still going on.
Read our article on how to open a casino.
How to open a casino beginning from the preliminary preparations?
5 stages you must cope with:
The legal aspect of gambling.
Firstly, you must make sure it is not forbidden in the region where you are going to work.
In the most states of the USA, the online gambling is quite legal but one can open an establishment with real gambling games only in several of them.
If you wish to be certain your actions are completely legal, you should go to the website of the American association of gambling and find there all data concerning the legal aspects of this business in your region.
Limits on the alcohol sales.
Most clubs have a habit of offering their guests alcohol beverages. Nevertheless, the ban on the alcohol is one of the most serious among those which might be implemented.
The limit is regulated by the government that’s why before starting a business you’d better check the standards of your state.
Many states have the restriction for the visitors who are in the condition of alcohol intoxication.
There even exist special courses where the workers are taught how to work with not sober clients.
Gambling, alcohol beverages, and tobacco are banned by the government for the underage youth.
The restrictions concerning the age of the clients are not the same in all states.
Some regions allow attending such establishments from 18, others require their guests to be over 21.
You must definitely check the documents of your clients to define whether they are of full age in order to avoid breaking the laws.
The casino must have enough money to pay off the potential wins of the visitors.
The differences between the states in the sums of cash in the casinos are huge but, nevertheless, it must be a huge sum of money.
It might also consist of the cash to pay off the victories in the slot machines or cash paid to the winners by installment.
Consequently, even a small establishment needs to have not less than 20 million dollars of cash any moment.
The removal of certain people from casinos.
You must obey the current laws which assert temporary or constant banning to play for certain people.
Every state has unique rules which control this demand and these rules vary a lot.
Check the rules of your state and study them well to be certain you do not break them.
How to open a casino making the next steps?
3 next steps you must do:
Work on the business plan.
If you want to find out how to open a casino, you should firstly create a business plan which will include the initial investments, the supposed profit, business’s growth and different marketing strategies.
Be certain your plan has the technological and economic ground that can calculate the demand for this entertainment and the required sum of investments.
Hire an architect who will develop the model of the future construction and satisfy all desires following all local rules for safety arrangements.
Increase the initial capital if you need it in order to show your project to the investors.
Before signing any contract, you must read it attentively because this is the only way how you can get the most precise information about your rights and duties.
The opening of such establishment usually costs a lot and it does not matter how big your initial capital is going to be.
Besides, you should take into account that every casino needs to have 20 million of dollars in cash or even more.
Add to the general sum the purchase of equipment, land parcel, and the gambling license.
This is likely to cost very much.
Legalize your business in order to get the special license and the Employer’s Identification Number (EIN).
In order to achieve this purpose, you’ll sign up in the Tax Department and the organs of authority in your area including the government, institutions of local authorities and some organizations of gambling games.
Consult the advocate to be completely certain you are listed in a proper way.
How to open a casino after discussing the construction and registration?
Pick a land parcel where you wish to found your casino.
Find out whether you actually can build such kind of establishment there and check whether you’ll have places to park all cars.
File an application to get the permission to build in order to begin the construction.
After you gathered enough initial capital and land parcel, file an application to get the permission for the building construction in your city and after it, you can begin the work.
Hire the administrators to control the construction of every section of a
File an application to get the gambling license.
You have to file the application with the information about your business and taxes.
Every state has its own department which controls gambling games, that’s why you should turn to the corresponding one.
Set up a meeting with the local department of healthcare and security if you are going to offer food.
You’ll have to get the permission from the Department of Healthcare and Security which you’ll get only after they examine the establishment and all documents.
Purchase such gaming equipment as slot machines, video poker, roulette, and tables for poker, blackjack, craps, baccarat, different chips, cards, and safes.
You can examine the possibility of buying old equipment from the broken casino.
Buy the real estate and the insurance responsibility.
The sum of insurance will depend on the price of the real estate and some other circumstances.
You might also need a special gambling insurance or insurance for a casino.
Set up the interviews and hire the staff.
All employees must also get the license from the state’s government.
How to open a casino using the advertisement and grand opening?
3 significant steps to open a casino:
Buy the advertisement in the mass media.
Attract all possible attention to the opening night and make the advertisement on TV, radio, various websites devoted to rest and entertainment.
Check whether you are really ready to open it.
In case you have enough money and the staff works perfectly well, it seems it’s time you opened.
Make the trial day for your workers to see if the casino is ready to receive clients.
In order to attract the attention, you should invite different celebrities and famous people to the opening night as well as reporters which will reveal the event in their newspapers, magazines, and programs.
Produce a positive impression on your first guests and offer them free drinks or free chips to play.
How to Win at Blackjack: 6 tips for freshmen
The information you’ve just read is not a legal consultation.
We insist you turning to a lawyer before you use any of the described methods on your own.
The law about gambling has the unique peculiarities in every state.
Consult a lawyer who works with these laws in the state where you wish to open a casino.
Being the potentially profitable, a casino (just like any other business) has some risks to end in failure.
In a case of a failure, you might lose all invested money.
You can lose even more if you invest your own money there.
In case you are interested in studying everything on how to open a casino, you should always remember that this is more than a simple passion towards gambling.
This kind of work demands huge investments, thorough preparations, and skills of how to make your business thrive.