I find myself increasingly fascinated by the online gambling industry and the potential opportunities it offers. I have been a passionate gambler for many years and I wish to take it a step further by creating my own gambling website. But to be honest, I’m not really certain where to start. Do I need to acquire certain licenses before I can legally operate my online gambling platform? Do I need to establish partnerships with game providers or can I create the games by myself?
Building a website, especially one for gambling seems quite intimidating. I’m aware that online gambling platforms need to process thousands of transactions securely each day. What technical requirements do I need to consider to make sure my site would be able to handle this volume without crashing? What systems or platforms could I use to ensure the security and fairness of the bets being made on my site?
Lastly, I wonder about the actual business side. Do gambling sites follow a certain business model typically? It seems like reputable gambling sites have to invest quite a bit in their security and compliance measures but still manage to be profitable. How do they balance these costs with customer acquisition and retainment? What strategies could I implement to attract and keep players on my platform? I know these are broad topics, but any insights you could provide would be very beneficial.