For the loss of $200 you can hardly imagine what expenses online casinos must pay to let you play the best Microgaming games.
Every time you decide to gamble turns out to be failing, right? Or you might not lose, but you won just a bit more than you have deposited. Is it a familiar situation? I suppose so. You may be complaining about losing all the time, unfair results and so on. But it will never be an excuse for online casinos to give you feedback and wasted money.
Actually, this way (losing) you support your favourite online casino. Its workers have been putting in a lot of effort since launching to remain on top. So, if you think that you play unfair games, don’t be greedy. You don’t know what online casinos have to go through in order to give you appropriate service.
As soon as the owner confirms the business plan, a major part of the costs goes to pre-launching activities. They include registration, licensing, website development with implemented security measures and so on. Generally international casinos pay about 10,000-12,000 dollars for the official docs. Of course, the price depends on the country where the casino becomes registered.
Licence is another legit-required part of the pre-launching. Usually, the same authority where the online casino is registered issues the licence. A gambling site can request for several licences in order to widen the borders and to be more trusted by players worldwide. The price for a licence consists of the fees and the cost itself. Fees can be of application type, monitoring system, annual taxes and whatever the gaming authorities can think over. The price itself is about 35,000-50,000 dollars. But, of course, each authority provides its own price list. So, totally the online casino will have to pay about $100,000 for the licensing step. Besides, the license is not eternal. They will have to update it in about 7 years.
Along with the registration processes, there should be built the gaming site itself. It includes development of the platform, buying domains, good-looking design with necessary functions and, of course, annual fees for the website supply. You can’t deny that a pretty layout is the first key for attracting players. So, this step will cost starting from $12,000 and can even exceed $150,000. Add here the Cyber security services installation like Firewall which price ranges from $50 to $6,000 per year. The encryption technologies cost the same about $8,000 annually if we consider a good protection at an online casino.
Online casinos make thousands of dollars deals with software providers just so you could have fun every day. The fact is that if a casino includes games from, for example, Microgaming, the best provider of online casino games, the gambling site automatically becomes reliable and safe. Success of an online casino fully depends on softwares. The more providers, the better the choice of games. However, the price can overcome a million dollars. Depending on the provider, online casinos buy softwares from $10,000 to a million dollars. There’s no exact average amount.
You probably remember how an online casino lobby looks. It’s full of colored squares depicting thematic games. There are a bunch of Egypt themed slots, typical triple sevens and fruit slots from all famous and not so famous software providers like Microgaming, NetEnt, RTG and others. Table and live games are another big categories of games including softwares from Evolution Gaming, Endorphina, Amatic and so on. Games are what players come for. So, it’s extremely important for the casino operator to have a wide choice, at least over 500 various games.
The above mentioned are only starting steps, if you notice. Later, another half of costs are accounted for marketing and salary for the staff. As you know, the advertising costs a lot. Online casinos attract visitors from the Internet ads, including affiliate websites and social networks. Besides, many people come from social media sources. Marketing is very costly. If the casino owner wants to build up the business faster, he needs to apply all means of advertising and, of course, pay a lot - about $15,000 a month in total.
Finally, online casinos have workers, and they need to get a salary for what they do. Designers, developers, security workers, support team and others must work without delays in order to provide fine service to the players. The monthly salary costs for the whole staff can exceed $100,000.
Now it looks very clear to everyone, that a player’s loss of $500 is nothing in comparison with the casino needs of average over $2,000,000 for the first operating year. That is why mainly online casinos pay attention and serve to high-rollers or loyalty members. These players bring more cash to cover all the expenses. If you are an average player, well, you’ll probably have to wait for long for the answer of the support team concerning your complaint.